The biggest cryptocurrency exchange by trading volume, Binance, has replied to a Reuters piece saying the U.S. Department of Justice (DOJ) uncovered solid evidence of breaking U.S. sanctions, namely anti-money laundering laws. Binance has responded to Reuters’ allegations. By saying that their platform is well-protected against any instances of money
OKCoin Japan, a major exchange in the country and a branch of the global digital asset business OK Group, has announced that it would be listing Shiba Inu (SHIB) three days after first hinting at doing so. OK Group is a leader in blockchain technology development and service provision. OKCoin,
Binance Labs, the venture capital arm of the biggest cryptocurrency exchange in the world, has announced it would lead a private round II for GoPlus Security. A move that is in line with the company’s aggressive investment ambitions despite the current bear market. Not much is known about the investment’s
Despite the world’s largest centralized cryptocurrency exchange Binance’s efforts to boost transparency, its reserves also revealed warning signs in the exchange’s finances. Binance has lack information regarding the exchange’s business structure and its funds are still a mystery, as per the WSJ report. Last month, Binance partnered with the global
The valuation of Chipper Cash, one of the numerous African fintech businesses funded by the now-defunct FTX, fell from $2 billion to $1.25 billion after the company received investment from the now-defunct crypto exchange. Even as this news broke, reports emerged that Chipper Cash had laid off as many as
While the recent large purchases on Binance are a positive indication for cryptocurrencies, they have caused some alarm in the cryptocurrency world. Since the 3Commas API was leaked, worries have arisen that Binance may be hacked. The cryptocurrency exchange, however, has said that it does not seem to be a
Former Alameda Research CEO Caroline Ellison has engaged a former official of the Securities and Exchange Commission (SEC) and law firm WilmerHale to defend her in connection with the continuing investigation into the fatal demise of the cryptocurrency exchange FTX and its trading business Alameda Research. While at the SEC,
As time goes on, Ripple’s On-Demand Liquidity (ODL) is becoming more popular in the Latin American cross-border settlement corridor. Bitso, the biggest cryptocurrency platform in Latin America and a client of Ripple, has partnered with remittance service Felix Pago. To allow crypto-powered transfers between the United States and Mexico to
The decentralized autonomous organization that runs Uniswap, one of the most popular decentralized places to trade cryptocurrencies, is holding a vote on a set of governance reforms that the Uniswap Foundation claims would simplify voting. According to a post by the foundation’s executive director Devin Walsh. Uniswap will hold a
It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and is the market leader in regulatory compliance, security, and privacy certifications. Mazars Group, a well-known global audit, tax, and consultancy
