Exchanges

In a recent investigative report published by Forbes, it has been revealed that Binance, one of the leading cryptocurrency exchanges, may have exaggerated the success of its initial coin offering (ICO) for Binance Coin (BNB) in 2017. The report highlights discrepancies between the claims made by Binance founder and CEO Changpeng Zhao and the actual

JPEX, the troubled Hong Kong-based cryptocurrency exchange, has recently come under fire for its controversial decision to restrict user withdrawals. Reports have surfaced detailing how JPEX converted user balances into a non-withdrawable cryptocurrency known as JPC, leaving individuals unable to access their crypto assets. This move has sparked outrage among users, with one unidentified user

India is making significant strides in the world of cryptocurrency regulation as it develops a comprehensive global database that includes all crypto exchanges, including those on the dark web. This initiative, set to launch by March 2024, aims to enhance the detection of cryptocurrency-related crimes and establish India as a dominant player in the regulation

Coinbase, a leading cryptocurrency exchange, has recently achieved a significant milestone in its global expansion strategy by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This highly sought-after license enables Coinbase to extend its payment services and digital token offerings to both individuals and institutions in Singapore. The approval

The recent JPEX crypto scandal has sent shockwaves through Hong Kong, a global financial hub and gateway to China. This Dubai-based cryptocurrency exchange stands accused of defrauding thousands of investors, resulting in losses exceeding $160 million. This scandal has brought to light the regulatory loopholes and lack of investor protection in Hong Kong’s nascent crypto

In a recent statement, Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, responded to allegations made by the New York Post regarding the withdrawal of funds from the bankrupt lender Genesis. The report claimed that Tyler and Cameron Winklevoss secretly withdrew over $280 million from the lender, raising questions about whether these funds

BitMEX plans to sell up to $100 million worth of digital assets from its insurance fund. The fund reallocation process will occur over several weeks. The transactions involve assets such as Tether (USDT) and Ethereum (ETH). Crypto derivatives trading platform BitMEX has announced its intention to sell up to $100 million worth of digital assets,

Binance, one of the largest cryptocurrency exchanges in the world, recently announced the sale of its Russia business to CommEX, a newly launched crypto platform. The financial details of the deal have not been disclosed. However, Binance stated that it will no longer have any ongoing revenue split or the option to buy back shares

HTX global adviser Justin Sun recently announced the creation of a secure asset fund for users (SAFU) after the exchange experienced a $7.9 million exploit of its hot wallet on September 24. This fund serves as a safety net for investors, ensuring that they are reimbursed for any losses resulting from hacks or unforeseen incidents

Financial authorities in South Korea are taking steps to enforce strict eligibility reviews for major shareholders of cryptocurrency exchanges. This move aims to mirror the standards upheld within the banking sector and address the increasing legal turmoil surrounding prominent domestic exchanges like Bithumb and Upbit. The Financial Intelligence Unit (FIU) under the Financial Services Commission