Upbit Singapore has announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major step towards solidifying its position in the regulated digital asset exchange. Moreover, Upbit Singapore is now well-positioned to play a key role in the growing digital
Coinbase is planning to expand its derivatives operations throughout the European Union by acquiring a MiFID-licensed corporation in Cyprus, as stated by the company. The goal of this undertaking is to substantially increase Coinbase’s market presence in 2024, subject to regulatory permission. In line with Coinbase’s long-term goal of diversifying
Some users have reported receiving an email stating that Coinbase has implemented a new requirement for customers in the UK. A risk acknowledgment form must now be filled out by them. This effort is in line with the Financial Conduct Authority’s (FCA) upcoming rules on financial advertising in the United
As the crypto industry welcomed 2024 with optimism, Binance, one of the leading cryptocurrency exchanges, brought forth significant updates for traders and holders of XRP and Solana (SOL). However, an unexpected twist in the form of market volatility prompted Binance to postpone the launch of USDC-margined perpetual contracts initially scheduled
A worrying turn of events in India’s cryptocurrency scene has unfolded as crypto investment behemoth CoinDCX denies rumors that the exchange is the subject of investigation by the Delhi Police. Police in Delhi are reportedly looking into allegations of mobile app-based bank fraud. A number of complainants have noticed abnormalities,
In the 17th batch of the LUNC burn mechanism, cryptocurrency exchange Binance, burnt 5.57 billion Terra Luna Classic (LUNC) tokens. More than 49 billion LUNC, or 53% of all tokens burned by the Terra Luna Classic community, have been burned by the crypto exchange thus far. Following Binance’s most recent
Several crypto analysts based in Nigeria, claim that the number of local crypto exchanges in the country will be drastically reduced due to the crypto license requirements imposed by the Nigerian Securities Exchange Commission (SEC). This is despite the fact that the Central Bank of Nigeria (CBN) has lifted restrictions
Coinbase has reportedly replaced the head of its custodial company while the U.S SEC decides whether to approve a spot Bitcoin ETF. Bloomberg reports that Aaron Schnarch, CEO of Coinbase Custody, has stepped down from his position. Rick Schonberg, who has been a senior fintech executive at Coinbase since 2021
U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time
At the beginning of 2024, OKX, a global cryptocurrency exchange, will remove support for a number of privacy coins. The delisting of certain trading pairs including key privacy tokens, Zcash (ZEC), Dash (DASH), Monero (XMR) and Horizen (ZEN), as well as partially private coins, was formally announced by OKX on
