Binance, the biggest cryptocurrency exchange in the world, has completed the sixth batch of the LUNC burn mechanism, burning nearly 6 billion Terra Classic (LUNC) tokens. With its most recent burn, Binance has now burned about 20 billion LUNC tokens from trading fees on LUNC spot and margin trading pairings.
The notorious founder of the bankruptcy cryptocurrency exchange FTX, Sam Bankman-Fried, denied committing fraud while admitting significant managerial faults. At the same time, SBF claimed that he was unaware of any wrong transactions that includes funds from FTX and his trading company Alameda Research. Mystery surrounds the disappeared billions, which
The Kraken crypto exchange stated today that they had slashed their personnel by 30%. The decision was called one of the toughest choices at Kraken to date in an official blog post by the exchange. As a result, 1,100 individuals lost their jobs “in order to adapt to current market
Turkey is a crucial expansion region for Crypto.com, the world’s top cryptocurrency platform for licenses, registrations, and security certifications. As a result, the company is constantly adding new products and services for its customers there. Recently, Crypto.com announced the release of a Turkish Lira (TRY) Fiat Wallet for Crypto.com App users
Binance, the leading cryptocurrency exchange, has entered the Japanese crypto market with the takeover of a regional trading platform, Sakura Exchange BitCoin (SEBC). According to the recent announcement from Binance, it has acquired 100% of the Osaka-based SEBC exchange, which is authorized by Japan’s Financial Services Agency (FSA). With the
After months of looking around at other cryptocurrency startups, including a revised bid for Voyager Digital’s assets, cryptocurrency exchange CrossTower Inc has agreed to purchase digital asset trading platform BEQUANT. Through the purchase deal signed on November 28th, CrossTower will get access to over 600 additional professional exchange clients. New
Serum (SRM), a decentralized cryptocurrency exchange financed by FTX, informed its 215,000 Twitter followers that the project is “defunct” after the spectacular collapse of FTX and directed them to a community-led fork of the project. Serum, with its fork named OpenBook, offers a ray of hope. There is already a
Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his
Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include
Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,
