Crypto exchange OKX has decided to end its operations in India, about three months after nine international exchanges were sent compliance letters by the Financial Intelligence Unit (FIU) of India’s Ministry of Finance. Please close your accounts and withdraw your assets before April 30th, OKX said in a notification addressed
Following its recent spate of unscheduled failures, crypto exchange Coinbase has said that it would have to upgrade its infrastructure in order to adequately address the problem. If Coinbase wants to significantly reduce the number of outages it has had in the last several weeks, it has to invest heavily
In an effort to secure the release of the Binance executives currently jailed in Nigeria, officials from the Nigerian High Commission in Kenya were met with by the Blockchain Association of Kenya (BAK). Nadeem Anjarwalla is a member of the group and a colleague of Binance’s who is now detained
Binance has introduced a reward that may pay out between $100,000 and $5 million to anybody who comes forward with information on possible corruption or insider trading on the platform. Book of Meme (BOME), a meme coin based on Solana, was revealed to be listed on Binance on March 16.
Crypto exchange Binance reported on March 18 that the value of its assets under custody had surpassed $100 billion. When compared to the $40 billion that was recorded last year, this accomplishment is substantial. Reasons cited by Binance for the growth include the exchange’s dedication to maintaining a 1:1:1 ratio
Changpeng Zhao (CZ), co-founder and ex-CEO of Binance, unveiled a new initiative on Monday and promised to provide more information shortly. Instead of a new token, CZ announces a “Education project” in an X post. No details about the project’s scope or compatibility with the Binance platform have been disclosed.
OKX is reportedly gradually removing tether (USDT) trading pairs from the EEA as the EU gets ready to implement a thorough framework for cryptocurrency regulation. An email from OKX to a trader in Europe states that the cryptocurrency exchange is stopping support for USDT trading pairs. Delisting will take place
Richard Teng, the current CEO of Binance, according to Bloomberg has stated that he thinks bitcoin (BTC) will reach $80,000 by the 2024 end. According to Teng, “with supply reducing and demand continuing to come through,” he anticipates that the biggest cryptocurrency in the world will surpass his earlier prediction
The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services. According to the SEC, the purpose of the proposed amendments was
Censoring listed tokens is one way that crypto exchange Binance is trying to keep its users secure. Cryptocurrency investors have fallen victim to rug pull schemes using unverified digital assets. At the end of the day, investors lose millions of dollars due to these frauds. Regulators, who already see cryptocurrency
