Dubai-based cryptocurrency exchange Bybit has announced its decision to suspend operations in the United Kingdom in response to recent regulatory developments. The move comes after the Financial Conduct Authority (FCA) introduced new marketing regulations for crypto businesses. Starting October 1, new customers will be unable to open accounts with Bybit.
In recent developments, Coinbase, a prominent cryptocurrency exchange, has been at the center of speculation regarding the suspension of its services for Indian customers. However, the company has provided a much-needed clarification on the matter. The controversy began when American online newspaper TechCrunch published a report hours ago, suggesting that
Binance, the world’s largest crypto exchange, has revealed that it will suspend crypto credit card services in Latin America and the Middle East starting August 25. However, the crypto exchange claimed that refunds and disputes could still be processed until December 2023. Hello there,The Binance Card will no longer be
Sam Bankman-Fried, the former CEO and founder of the FTX cryptocurrency exchange, has been sent to jail after a U.S. judge revoked his bail. The decision comes ahead of his upcoming trial, where he faces multiple financial crime charges stemming from FTX’s collapse in November 2022. U.S. District Judge Lewis
The US-based crypto exchange Bittrex has agreed to settle with the U.S. Securities and Exchange Commission over the case of offering unregistered securities to U.S. investors. Moreover, the exchange agreed to pay $24 million to the SEC to settle the claims, according to a filing in Seattle Federal Court. Today
Defunct crypto exchange FTX.com has filed an initial “Plan of Reorganization” with the U.S. Bankruptcy Court, offering a glimmer of hope for the exchange’s revival. The proposed plan outlines a potential restart, but with a catch – it would only be available to “offshore customers.” The FTX Debtors filed their
The US Securities and Exchange Commission’s (SEC) recent move sparked controversy, Coinbase was asked to halt trading on all cryptocurrencies except for Bitcoin (BTC). According to the Financial Times, Coinbase CEO Brian Armstrong revealed that this request came before the SEC’s legal action against the company on June 6, where
Today, Crypto.com, a leading cryptocurrency service provider, received official registration approval from De Nederlandsche Bank (DNB) to operate in the Netherlands. This development comes after a rigorous assessment of Crypto.com’s business and compliance with the country’s Money Laundering and Terrorist Financing (Prevention) Act (Wwft). We're excited to share that https://t.co/vCNztATSCO
Bitgert (BRISE), a leading cryptocurrency platform, has recently made a groundbreaking announcement, revealing their ambitious plans to develop a peer-to-peer (P2P) exchange. The decision was made after an overwhelming response from the community, with users enthusiastically participating in a poll to gauge interest in such an offering. After carefully considering
The renowned growth-focused fund ARK Invest, led by Cathie Wood, has revealed its ongoing offloading of Coinbase shares as the COIN continued to surge. The disclosure indicates that the firm sold 248,838 COIN shares, valued at just over $26 million based on Monday’s closing price of $105.55, which falls just
