Today the world’s second-largest cryptocurrency exchange OKX ‘OKEx’ has released a “Proof-of-Reserves” (PoR) report that reveals the detailed breakdown of the assets the exchange has in its reserves. OKX’s third monthly PoR report disclosed $7.5 billion in BTC, ETH, and USDT held by the crypto exchange, which does not include
Hong Kong-origin crypto exchange Bitzlato is shut down by the trio-union regulators – the US Department of Justice, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and French Law Enforcement. As per charges, the exchange is subjected to international enforcement action against money laundering and crypto crimes. U.S. Attorney Breon
Crypto firms and platforms have demonstrated their positive stamina despite the bearish market conditions that witnessed the negative trends of significant cryptos such as Bitcoin and Ethereum. The listing of new coins and tokens has been kept alive by exchanges that create more liquidity in the market. This will help
Binance, the biggest cryptocurrency exchange in the world, has stated that its services in Poland now conform to all local regulations governing the provision of virtual asset service providers (VASPs). In order to keep utilizing Binance Poland’s services, Polish customers must agree to the company’s updated Terms and Conditions. Binance
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
U.S. retail trading platform Robinhood Markets Inc. announced on January 17 that it has launched a media-focused subsidiary named Sherwood Media, LLC. The exile Robin Hood of legend is said to have spent his early years in the “Sherwood” woodland, thus the name. The new media group would report on
Plaintiff Dallas Woody has filed a class action lawsuit against Coinbase in the United States District Court for failing to provide Songbird and Flare tokens to Coinbase clients. Supposedly, the cryptocurrency exchange openly consented to divide up the airdrop among XRP investors. The complaint said that it was filed on
As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) and the cryptocurrency exchange CoinFlex, respectively, are looking to raise $25 million to start a new exchange called GTX. Bankrupt crypto businesses including Mt. Gox, Celsius, BlockFi, and the most
Cryptocurrency projects are beginning to focus on long-term viability. Since last year, when Ethereum made the switch to the PoS consensus method, it has become more eco-friendly and uses less energy. There have been other industrial ventures moving in a similar fashion. A leading cryptocurrency exchange, Crypto.com has been dedicated
The Miami Heat, one of the NBA’s most successful franchises, has ended its affiliation with the FTX cryptocurrency exchange. The basketball powerhouse’s home arena, once known as FTX Arena, will hereafter be known as something else. The partnership between Miami-Dade County (where the NBA club is based) and FTX was
