Several cryptocurrency companies have rethought their strategies and even pulled out of certain countries due to the regulatory uncertainty that has plagued the crypto business in recent years. One recent instance of this pattern is the news that cryptocurrency exchange OKX would stop operating in Canada as of June 22,
Binance, a cryptocurrency exchange, has announced the trading of the Arbitrum (ARB) token in the pairings ARB/BTC and ARB/USDT. With withdrawals commencing on March 24 at 17:00 UTC. Moreover, cryptocurrency derivatives exchange BitMEX has now released Arbitrum (ARB) futures that are margined in USDT, just in time for the much-anticipated
Trading markets saw a surge of comfort as a result of the last-minute actions made by global financial authorities to avoid the banking disaster. The largest digital currency, Bitcoin (BTC), witnessed a spike of 5% on Monday, allowing it to break the $28,000 barrier after a long time. BitMEX’s previous
Binance introduced the “Secure Asset Fund for Users” (SAFU) on January 29, 2022; the SAFU is a $1 billion emergency insurance fund designed to protect Binance users in the case of a disaster. The SAFU fund’s initial holdings included BNB, BUSD, and BTC. Binance has replaced BUSD in the fund
US-based crypto exchange Coinbase is apparently in discussions to establish a trading platform for its foreign consumers. Apparently, the exchange has been in contact with its institutional customers regarding the possibility of implementing a new platform. With the current assault on the crypto sector by US regulatory authorities, it is
Coinstreet and Somerley’s joint venture Signum Digital has revealed that their security token offering (STO) and subscription platform has been given an “approval-in-principle” by the Hong Kong Securities and Futures Commission (SFC). Security tokens are a new kind of digital asset based on blockchain technology. It reflects ownership of tangible
Regarding the exchange’s incident, a new class action lawsuit has been filed against YouTubers who promoted FTX. In addition, the lawsuit seeks $1 billion in damages related to the Youtubers’ association with the defunct FTX cryptocurrency trading platform. Several people have filed lawsuits because of the FTX debacle. This lawsuit
Bybit announces an increase in volume for USDC pairings as the third most popular cryptocurrency exchange in the world intensifying efforts to satisfy market expectations. Customers are flocking to Bybit for its rock-solid security and market coverage because they are relying on trustworthy platforms to handle the current turbulence in
The District Court of New York denied the government’s request to halt the $1 billion deal bid by Binance to buy up the voyager’s assets. The court stated the delay would harm customers. The decision to deny the government’s motion was announced on March 15. In it, Judge Micheal Wiles
The biggest U.S.-based digital asset trading platform, Coinbase, recently stated that it will be stopping trading in six cryptocurrencies. According to the results of the March internal review conducted by the exchange, this is the case. For the record, Coinbase has recently tweeted that it conducts frequent reviews of the
