Crypto Exchange

Celsius Token Surges 300% in a Month After $2.5B Repayment to Creditors

Celsius Distributes Over $2.5 Billion to Creditors Amid Bankruptcy

Celsius Network’s bankruptcy proceedings have concluded. Celsius’ bankruptcy administrator distributed over $2.53 billion to approximately 251,000 creditors. This distribution, representing roughly 93% of the total eligible value, was completed in both liquid cryptocurrency and cash, using valuation prices from January 16. However, despite the substantial progress, not all creditors have

August 27, 2024 2 mins read

Nigerian Court Denies Bail for Binance's Compliance Chief

Nigerian Court Advances Binance Money Laundering Case to September

A Nigerian court is bringing forward the hearing of a money laundering case involving Binance, the world’s largest cryptocurrency exchange, and two of its executives. The case, initially set for October 11, will now be heard on September 2, involving allegations of laundering over $35 million and tax evasion. This

August 27, 2024 2 mins read

Will DOGS Meme Coin Recover After a 30% Price Plunge?

Will DOGS Meme Coin Recover After a 39% Price Plunge?

DOGS, a new Telegram-native meme coin launched on August 26, 2024, dropped sharply in value despite gaining significant attention in the crypto community. Over the last 24 hours, the token saw its price tumble more than 39%, falling from a peak of $0.001856 to a low of $0.001129. This downturn

August 27, 2024 2 mins read

Binance CEO Declines IPO or Fund Raising Needs Amid Regulatory Focus

Binance, one of the leading crypto exchanges, is currently being scrutinized internationally by regulators. However, the institution is not alone in its struggle as other leading firms such as Coinbase and Ripple have also faced challenges on the regulations front. Meanwhile, the crypto exchange despite the struggles has reported several

August 22, 2024 2 mins read

WazirX Plans Launching Recovery Token to Compensate Creditors

WazirX Laptops Were Not Compromised in $230M Hack, Confirmed

On August 19, WazirX announced that its systems and laptops were “not compromised” in the $230 million cyberattack fallout on July 18. The announcement follows a forensic investigation conducted by Mandiant Solutions, a Google subsidiary, which confirmed the integrity of the exchange’s equipment. According to the WazirX blog post, Mandiant

August 19, 2024 1 min read

Indian Man Kidnaps Two BitConnect Employees to Retrieve Losses

Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in the market. The recent sentencing of Sam Bankman-Fried for the FTX collapse is a similar example. In the last week, a particular investor

August 19, 2024 2 mins read

Bybit Acquires VASP License to Operate in Argentina

Bybit, a major player in the cryptocurrency arena, has officially set up operations in Argentina with its newly acquired Virtual Asset Service Provider (VASP) license. This move signifies Bybit’s compliance with Argentina’s anti-money laundering (AML) and counter-terrorism financing (CFT) regulations and highlights the nation’s forward-thinking stance on cryptocurrency regulation. In

August 16, 2024 2 mins read

Binance Resumes Operations in India with New Compliance Measures

Binance, one of the world’s largest cryptocurrency exchanges, is back on the Google Play Store and Apple App Store in India after a seven-month ban imposed by local authorities for operating “illegally” in the country. This comes after the exchange fulfilled its compliance requirements by registering with India’s Financial Intelligence

August 15, 2024 2 mins read

WazirX Nears Completion of Trade Balance Restoration Post-Hack

The massive cyberattack on WazirX that took place on July 18 has cast a long shadow over the Indian crypto community. The breach, which resulted in a $230 million loss, has shaken the confidence of Indian crypto users, prompting renewed scrutiny of exchange security and the safety of users’ funds.

August 13, 2024 2 mins read

Binance Added to List of Venezuela Censorship Amid Political Unrest

One of the largest cryptocurrency exchanges, Binance was banned in Venezuela due to the presidential disputes. In the past few weeks, the nation has banned several prominent platforms including Elon Musk founded X. The Binance ban occurred on Friday, following which the anti-censorship organization, “VE sin Filtro” reported it on

August 12, 2024 2 mins read