The cryptocurrency industry is no stranger to regulatory challenges, and stablecoins have found themselves in a particularly tough position. Amidst the uncertainties surrounding the forthcoming Markets in Crypto Assets (MiCA) regulations in Europe, recent reports suggested that Binance, one of the world’s largest crypto exchanges, may delist stablecoins. However, Binance CEO Changpeng Zhao (CZ) has
Exchanges
After suffering a significant security breach that resulted in the loss of over $27 million in digital assets, CoinEx, a renowned cryptocurrency exchange, is finally set to resume its deposit and withdrawal services for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) starting September 21st. This marks a new
Binance.US, one of the leading cryptocurrency exchanges, has experienced a significant decline in its weekly trade volume. From reaching an annual high of nearly $5 billion, it has plummeted to a mere $40 million, according to data from Kaiko. This drastic drop can be attributed to multiple factors, including regulatory charges filed by the U.S.
The recent controversial donation of $3 million in Binance Coin (BNB) by Binance Charity to victims of the earthquake in Morocco has ignited a debate surrounding the role of cryptocurrencies in humanitarian aid. Critics argue that immediate essentials like food and water are more important than cryptocurrency donations. However, CZ Binance, the CEO of Binance,
In a recent development, NFL quarterback Trevor Lawrence has reached a settlement in a lawsuit related to the endorsement of the now-defunct FTX cryptocurrency exchange. Lawrence, alongside YouTube influencers Kevin Paffrath and Tom Nash, agreed to settle the case, as reported by Bloomberg citing a court filing. However, the terms of the settlement have not
JPEX, a crypto exchange based in Hong Kong, has recently found itself at the center of numerous complaints and investigations. According to reports, as of Friday, the exchange has been named in at least 83 complaints to the Hong Kong police, involving cryptocurrencies worth $4.3 million. This surge in complaints has prompted an official police
The cryptocurrency market has been a volatile and unpredictable landscape, with exchanges facing numerous challenges. However, one exchange, Coinbase, has managed to navigate these treacherous waters relatively unscathed. While competitors like Binance have experienced significant drops in trading volume due to internal and regulatory issues, Coinbase has maintained a stable monthly trading volume since May.
Genesis, a well-known player in the digital asset trading industry, made headlines recently when it announced its decision to shut down all of its services. The report, released on September 14, revealed that Genesis would no longer offer digital asset spot and derivatives trading through its subsidiary, GGC International, Ltd. (GGCI). While the company cited
In a significant turn of events, Binance US CEO Brian Shroder has stepped down from his role as the embattled crypto exchange undertakes a major workforce reduction. This workforce reduction has resulted in one-third of the company’s employees being laid off, leading to speculations about the future of Binance US. This article delves into the
CoinEx, a cryptocurrency exchange platform, has recently experienced a security breach, raising concerns among its users and the wider crypto community. In this article, we will delve into the details of the incident, exploring the impact, potential causes, and the response from CoinEx. According to official reports from September 12, CoinEx detected a security incident
