Finland-based LocalBitcoins, one of the longest-running Bitcoin exchanges, declared the permanent shutdown of its operations in the crypto market on Monday. LocalBitcoins is going to cease its 10-year-long Bitcoin trading service due to its inability to withstand and overcome the challenges of this crypto-winter. LocalBitcoins announced: “We are sad to
The Securities and Exchange Commission (SEC) is investigating Kraken, one of the biggest cryptocurrency exchanges in the world. SEC to examine whether regulations broken in some of its sales to American investors. The inquiry is related to some services Kraken provided to customers in the United States. The exchange has
Crypto exchange Coinbase CEO Brian Armstrong was alarmed about the rumors he received that the U.S. Securities and Exchange Commission (SEC) wants to “get rid of individual investors” from staking cryptocurrency. According to a February 9th tweet from Coinbase’s Chief Executive officer, the U.S SEC intends to ban retail investors
Initiating staking for LUNC was a long overdue move, and the crypto community has embraced KuCoin’s initiative. After delegating 48 billion LUNC in January 2023, the cryptocurrency exchange has brought back its staking function. After 47.9 billion $LUNC were allocated, KuCoin may rejoin the LUNC chain as a validator, giving
Following the demise of rival cryptocurrency exchange FTX, there have been demands for more openness, and a comprehensive audit of Binance is still outstanding. Binance’s Asia-Pacific president Leon Foong said on Wednesday that the exchange’s complete audit of its cryptocurrency holdings and liabilities would take longer than first anticipated. When
All services of the cryptocurrency platform Juno, situated in Singapore, have been declared to have started again. Because of problems with its former custodian partner, Wyre, it tightened daily withdrawal restrictions at the beginning of the year and encouraged clients to move their assets into self-custody wallets. In early January,
Coinbase has made a public statement that they would include a new coin in their listing roadmap. The listing date has not been announced officially, but it is expected to occur within the next several weeks. When a cryptocurrency exchange such as Coinbase adds a token to its “roadmap.” It
On Monday, Binance, the biggest cryptocurrency exchange in the world, said that it will be supporting the Terra Classic (LUNC) upgrade. At block height 11,543,150, the Terra Classic (LUNC) network will be upgraded, likely on February 14th. Proposal 11310 is a part of the Joint L1 Task Force development group.
Despite the last year’s bearish momentum, Binance native blockchain BNB Chain has continued to demonstrate strong activity growth in the fourth quarter of 2022. According to Messari, a blockchain research platform report, the average daily active addresses and transactions on BNB Chain have been pushed hard and climbed by 30%
Today, Binance is introducing Binance Tax, a brand-new tool that gives customers quick access to information on the tax related to their cryptocurrency trading activity. Users of Binance Tax are able to get a report that includes a tax summary of any profits or losses they have made using Binance.
