The French government has now begun to investigate the cryptocurrency exchange Bybit for possible regulatory violations. This comes regardless of reaching a worldwide user milestone of 20 million after five years of operation. Regarding Bybit’s unlawful status in the region, the French financial regulatory authority, the Autorité des Marchés Financiers
Binance, the leading blockchain ecosystem behind the world’s biggest cryptocurrency exchange based on trading volume, today announced the debut of Funding Rate Arbitrage Bot and the complete rollout of Spot Copy Trading to all qualified customers. About 120,000 active trading strategies are presently available on Binance’s Trading Bots Marketplace, and the exchange is constantly improving
In its ongoing drive to expand throughout the Asia-Pacific region, cryptocurrency exchange OKX has decided to transfer its Australian-focused services to a locally licensed firm. According to OKX president Hong Fang, who spoke at a press conference in Sydney on May 14, the Australian market is significantly underrated. Fang added:
Following a three-hour outage that started at 4:15 AM UTC, the cryptocurrency exchange Coinbase is back up. The status page for the exchange’s website indicates that it was back up and running at 07:42 UTC. Before, a “503 Service Temporarily Unavailable” notification had been viewed by website visitors. Users’ absolute
Reports indicate that the US Department of Justice (DOJ) has entrusted the international consultant company Forensic Risk Alliance (FRA) to oversee Binance’s compliance with regulatory mandates for the next three years. As part of its November 2023 plea bargain, Binance admitted to federal accusations of money laundering and paid a
One component of Nigeria’s economic reform package is a recommendation from the International Monetary Fund (IMF) to license international crypto exchanges. A recent report by the International Monetary Fund states that the goal of Nigeria’s effort to include crypto into its financial system is to solidify the country’s position in
Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it
Cryptocurrency exchange Binance is preparing to pay a hefty settlement to Canadian authorities after fresh charges of money laundering. Binance was fined $6 million Canadian dollars by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on May 9. This amount equals $4.3 million. Criminal charges including money laundering
As optimism surged, Robinhood Markets Inc. reported higher-than-expected profits for the first quarter of 2024. The business revealed revised financial results for the first quarter in a press statement dated May 8. Robinhood reported record revenue of $618 million, a 40% rise year-on-year, and GAAP Diluted EPS of $0.18, as
The government of Nigeria has spoken out against the bribery allegations made by cryptocurrency exchange Binance, saying that the charges are baseless and an attempt by Binance to get publicity. In response to claims made by Binance CEO Richard Teng—that some Nigerian authorities wanted $150 million in crypto to resolve
