The OSC imposed trading restrictions in 2021 on centralized crypto exchanges. Binance declared in March of this year that it will no longer accept Ontarian residents. A total of 13 firms, including KuCoin producers MEK Global Limited (Seychelles) and PhoenixFin Pte. Ltd. (Singapore), were recently called out by the Ontario
About a month ago, KeyFi claimed that Celsius had scammed it out of money. Celsius suspended client withdrawals on June 13. Celsius has filed a countersuit against its ex-partner. Celsius, a cash-strapped crypto lending organization, has filed a lawsuit against KeyFi, a DeFi strategy firm, and its CEO Jason Stone,
On August 8, the OFAC issued sanctions on Tornado Cash. Emmer asked what considerations caused a piece of technology to a sanction’s list. A member of Congress in the United States has questioned the Treasury’s decision to ban Tornado Cash. The penalties on Tornado Cash, a “neutral, open-source, decentralized technology,”
Armstrong, the CEO of Coinbase alerted the investors. The crypto winter scenario has even led Coinbase to lay off the workforce in June. The CEO of Coinbase, Brian Armstrong, hinted on CNBC that investors should be extremely cautious as the crypto rescission has been occurring over the past few days
The licensing process for Bitstamp is active across all the territories. As per ECB, MiCA will help create a unified legal framework for digital assets. In an interview on Monday, the CEO of Bitstamp, Jean-Baptiste Graftieaux, discussed his thoughts on cryptocurrency regulation. He explained that Bitstamp has licensing journey across
The SC clarified in a subsequent tweet that its authorization is necessary. Huobi has been expanding into other markets, including Australia and the United States. On Monday, the Malaysian Securities Commission (SC) published a statement on Huobi’s activities in the country. The SC has placed the cryptocurrency exchange on its
DBS reported a fourfold rise in the proportion of Bitcoin bought on DDEx. A 40% monthly decline sent the Bitcoin price below $20,000 in June 2022. According to statistics from one of Singapore’s largest banks, DBS Bank, institutional investors’ interest in Bitcoin (BTC) has increased after the massive selloff of
The data tracker shows that a “whale” just invested more than $40.1 million in XRP. The XRP price has increased by almost 1.58% in the previous 24 hours. In the last 24 hours, Ripple’s native coin, XRP, has become one of the most popular cryptocurrencies among the whales. The statistics
About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of
Spot trading volumes on all centralized crypto exchanges dropped 1.34%. Futures trading increased 13.4% to $3.12 trillion. Despite the market volatility, Bitcoin (BTC) and Ethereum (ETH) had regained dominance over future trading volume, according to an evaluation of respective spot trading volumes. In July, Bitcoin and Ethereum closed at $23,332
