In court documents presented on Thursday, it was revealed that FTX had approached BlackRock and Google about investing in the company when Sam Bankman-Fried’s (SBFs) cryptocurrency exchange was on the brink of collapse. Can Sun, FTX’s former general counsel, testified in federal court, where federal prosecutors presented a spreadsheet kept
Crypto exchange Bitpanda, recently received its virtual asset service provider (VASP) license from the Norwegian authorities. Bitpanda joins an exclusive group of pioneering foreign firms in gaining this license. On October 19th, Bitpanda made public their successful application for a crypto license on Twitter. Bitpanda also has licenses in other
Binance US has implemented fundamental changes to its financial activities in the USA. The exchange is no longer allowing users to make direct withdrawals in US dollars as of this week. As stated in their revised terms of service, they will no longer let users withdraw USD without first converting
Decentralized Crypto Exchange Uniswap, founded and led by CEO Hayden Adams, has stated on twitter that it would begin charging a 0.15% swap fee for select tokens beginning on October 17. Adams posted on twitter about how pleased he was with Uniswap’s efforts to displace “gatekeepers” and expand digital asset
OSL, a cryptocurrency platform owned by BC Technology Group Ltd. of Hong Kong, is reportedly offered for sale. The decision comes as the Hong Kong cryptocurrency market struggles with difficulties including low demand and regulation concerns. According to Bloomberg, citing individuals familiar with the situation, BC Technology has reportedly investigated
Upbit Singapore received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Upbit’s foothold in Singapore’s flourishing crypto sector has been bolstered by the announcement. The MAS has given Upbit Singapore Pte. Ltd. an in-principle approval (IPA) for an MPI license, a
Recently, the Australian government announced its intention to license cryptocurrency exchanges as a means of regulating the digital asset market. The policy shift has consumer protection and innovation in the crypto sector as its stated goals. Concerns have been raised by certain exchanges, however. On October 16, the Australian Treasury
A significant hearing in the continuing legal battle between Binance, and the US SEC is likely to unfold today. The action has entered a pivotal point. And Judge Amy Jackson has issued several orders to clear outstanding motions. Including an amicus brief submitted by USDC issuer Circle. Multiple rulings clearing
According to Bobby Zagotta, CEO of Bitstamp USA and the company’s worldwide chief commercial officer, the cryptocurrency exchange Bitstamp intends to restart operations in Canada after suspending them early in 2024. Bitstamp has stated in a statement that it will stop serving Canadian clients as of January 8, 2024. Moreover,
After investing $24 million to extend operations to India, cryptocurrency exchange Gemini has named a head of operations for its Indian arm. According to his LinkedIn page, Sachin Ranglani, who had substantial expertise in the IT industry, joined the company in the roles of Vice President and India Head in
