Tue, September 1

Binance Brings Former Governor of Brazil’s Central Bank Onboard

Meirelles is all set to join Binance’s advisory board. In 2003, Henrique Meirelles was elected president of the Central Bank of Brazil. Despite the ongoing Crypto Winter, the world’s biggest exchange by trading volume, Binance, is making strides to grow its staff. A former governor of Brazil’s central bank has

September 6, 2022 2 mins read

Mercado Bitcoin’s Parent Firm ‘2TM’ Announces Second Layoff

This wave of layoffs follows a round of reductions at 2TM in June. The business laid off 90 people, or 12% of its total workforce of 750 previously. In light of the ongoing crypto winter, 2TM, the parent business of the Latin American exchange Mercado Bitcoin, has announced the second

September 5, 2022 1 min read

Nigeria and Binance Plan Establishing Digital Economic Zone

The new digital economic zone will assist companies make the switch to blockchain.  Collaboration would attempt to establish a “virtual free zone” similar to Dubai’s. Binance and Nigeria are in talks to establish a blockchain-based digital economic zone in Nigeria. The team at Binance has been on a massive expansion

September 5, 2022 1 min read

Binance Offers Zero Trading Fees For Ethereum Ahead of Merge

This only applies to trading between Ethereum and BUSD. Coinbase is evaluating the possibility of keeping both cryptocurrencies listed. Since the release of Bellatrix, the upgrade to Beacon Chain that paves the way for the Ethereum Merge, is scheduled for September 6th. The prominent exchange Binance has stated that it

September 4, 2022 2 mins read

CZ Reveals Binance Shared Required Information to DOJ

Binance was subpoenaed to provide any and all data pertaining to any and all files. Exchanges must register with the Treasury Department and adhere to AML rules. Binance was requested by U.S. authorities to hand over records. This was pertaining to the company’s anti-money laundering measures, as well as messages

September 4, 2022 2 mins read

Indonesia Eyes Government-Controlled Crypto Stock Exchange

Indonesia will open a crypto stock market by the end of 2022. Only 4% of people have actively engaged in cryptocurrency trading. In Indonesia, there has been a significant improvement for crypto fans. The nation is preparing to build a cryptocurrency stock exchange. Deputy Trade Minister Jerry Sambuaga reportedly said

September 2, 2022 1 min read

Deal Worth $495M Called Off Between Crypto.com and UEFA

Since last year, when the crypto exchange spent $700 million on sponsorships. Crypto.com received a licence to operate in the UK recently. SportBusiness revealed earlier today that in the early part of the summer, Crypto.com backed out of a major sponsorship arrangement with the European Champions League (UEFA). The deal,

September 1, 2022 1 min read

Sam Bankman-Fried Optimistic of Present Crypto Winter

The CEO has no preference for whatever government agency oversaw the sector. Some of the rescue investments were successful, according to Bankman-Fried. FTX CEO Sam Bankman-Fried has said that the crypto winter might have been considerably worse in terms of asset values. The sector, according to the billionaire investor, requires

September 1, 2022 1 min read

Crypto.com Refund Slip-up Costs It $10.5 M

A mistake made during the refund transaction has made a loss abundantly. Crypto.com identified this error after a period of 7 months. Crypto.com has mistakenly transferred $10.5 M to an account in Melbourne, Australia. The realization of the mistake happened 7 months after the actual event. Now, the exchange platform

August 31, 2022 2 mins read

Indonesian IT Giant Acquires Local Crypto Exchange For $8.38M

There was no mention of future intentions for PT Kripto Maksima Koin. PT Kripto Maksima Koin will be given its license on January 28, 2022. GoTo (PT) Gojek Tokopedia Tbk (GoTo), an Indonesian IT business, recently acquired the local cryptocurrency exchange PT Kripto Maksima Koin.The fourth most popular country in

August 31, 2022 1 min read