Binance has purchased a controlling stake in the cryptocurrency exchange GOPAX in South Korea. The purchase was made possible by the “Industry Recovery Initiative,” an initiative spearheaded by Binance. By purchasing GOPAX, one of the top five crypto exchanges in South Korea, Binance is making a comeback to the country’s
Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation. Further, on Wednesday, a U.S. judge dismissed the
The Abu Dhabi office of Kraken, a renowned cryptocurrency exchange, has shuttered less than a year after being granted a local license. More than a third of the company’s workforce will be laid off as a result of this reduction. In a move that affected around eight positions, Kraken laid
On Thursday, OKX, the second biggest cryptocurrency exchange by trading volume, announced that it has formed a partnership with the Manchester City Football Club. The “OKX Collective” will be introduced by the cryptocurrency exchange with Jack Grealish, Ruben Dias, Ilkay Gündoan, and Alex Greenwood. A fully immersive, fan-exclusive metaverse experience
Post the FTX fiasco, regulators and authorities around the world are cautious about crypto exchanges. Indonesia, one of several nations rapidly adopting cryptocurrencies, wants to build the world’s first government-backed crypto exchange by June 2023 at the earliest. The Ministry of Trade of Indonesia had planned to debut the market
Bone ShibaSwap (BONE), the governance token for Shiba Inus, has been listed in an innovation zone, according to a Feb. 1 release from Singapore’s Crypto Derivative Exchange Bitget. Additionally, they said that the withdrawals will begin on February 3 and that it would go live on February 2. On the
Embezzlement accusations have resulted in the arrest of the presumed true owner of Bithumb, South Korea’s biggest cryptocurrency exchange. Media outlets in his own country claim that Kang Jong-hyun was taken into custody on suspicion of embezzlement on February 2. Moreover, on January 25th, the Seoul Southern District Court issued
A leading technology and liquidity provider within the Forex/CFDs and digital currency industries, B2Broker recently announced the extension of its white label liquidity offering by adding Match-Trader. Through this integration, customers will have access to a full white label solution, fiercely competitive commercials, and pre-built B2Core connectivity. After integrating cTrader
Binance, the biggest cryptocurrency trading platform by volume, has partnered with Air Astana, the major airline in Kazakhstan. Users may now exchange their travel points for a selection of cryptocurrencies thanks to the partnership. In a press statement released today, Air Astana initially broke the news of the joint endeavor.
In an attempt to reclaim $445.8 million in loan payments made by FTX before declaring for bankruptcy, the defunct cryptocurrency exchange reportedly sued crypto lender Voyager Digital on Monday. Voyager declared bankruptcy in July, and FTX followed suit in November. According to the legal documents, FTX said that it had
