The Abu Dhabi Global Market (ADGM) is the next stop for Binance’s cryptocurrency custody services. In Abu Dhabi, the Financial Services Regulatory Authority (FSRA) has approved the world’s largest cryptocurrency exchange granting financial service permission (FSP). In accordance with the terms of the license, Binance will be able to provide
In the last 24 hours, Uniswap has seen more trading volume in Ethereum than any other exchange, second only to Binance. As a result of the unexpected and catastrophic collapse of FTX, traders are moving in droves to DEXs. Recently, Uniswap surpassed all others as the second-biggest market for Ethereum
Liquid, a cryptocurrency exchange, said today that it will be suspending all withdrawals. The Liquid team has asked users to hold off on making deposits until further notice. The exchange tweeted: “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11
On Tuesday, OKX, a cryptocurrency exchange, announced the availability of $100 million in recovery funds to assist initiatives experiencing liquidity challenges. At a time when the crypto market was continuing to sink due to the FTX crisis, Binance CEO “CZ” proposed a similar industry recovery fund. OKX, a cryptocurrency exchange,
It was revealed on Sunday that Visa will no longer work with the defunct cryptocurrency exchange FTX. FTX-branded Visa debit cards will be discontinued, which was extended only last month. A Visa representative stated: “The situation with FTX is unfortunate and we are monitoring developments closely. We have terminated our
After the demise of FTX, rumors of instability at Singapore’s Crypto.com exchange have increased. The value of its native currency, Cronos, has fallen as a result of this uncertainty. However, the company’s CEO has publicly addressed investor concerns. The CEO of Crypto.com, Kris Marszalek, participated in a live-streamed Ask Me
Following Sam Bankman-Fried’s FTX insolvency proceedings, Binance CEO and co-founder Changpeng Zhao (CZ) stated solid and clear laws are needed for the cryptocurrency sector. CZ, a crypto billionaire thinks that it’s not only the government’s job to ensure consumer safety; it’s everyone’s. According to Bloomberg, during a meeting of G20
AAX, a cryptocurrency exchange located in Hong Kong, has denied reports that its recent suspension of withdrawals on the platform is related to the continuing repercussions of FTX’s collapse. On November 13, members of the cryptocurrency community stated they saw a “System upgrade notification” that indicated an update was “taking
The collapse of one of the leading crypto exchanges, FTX, is the current trending news in the global cryptocurrency market. On Friday, FTX filed for bankruptcy amid facing an $8 billion liquidity shortage and a lack of resources. Reportedly, Sam Bankman-Fried, the CEO of the exchange platform has also stepped
Prior to Sunday’s last race of the season in Brazil, the Mercedes Formula One team announced on Friday that they had discontinued a collaboration deal with insolvent cryptocurrency exchange FTX. Although the F1 team had said that they are keeping a careful eye on the situation with the trading platform,
