The recent decision by crypto exchange OKX to delist Tether (USDT) pairs in the EU and only support USDC and euro-based pairs has raised concerns among users in the region. This move, which was communicated to customers on March 18, comes in the wake of the EU releasing draft technical standards related to stablecoins. According
Exchanges
In a bold move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity, breaking away from the group’s umbrella supervision. This shift went unnoticed by many until Bloomberg shed light on it in a report on March 15. The disclosure was made apparent on Binance Labs’ website in late
The recent case involving FTX founder Sam Bankman-Fried (SBF) has sent shockwaves through the financial world. Federal prosecutors have requested a staggering 40 to 50-year prison sentence for SBF, citing his involvement in one of the most significant financial frauds of recent times. The misappropriation of over $8 billion in customer funds paints a picture
Crypto.com has recently faced a hefty fine of €2.85 million ($3.1 million) from the Netherlands Central Bank for operating within the European country without proper registration for two years. This particular penalty was aimed at Forix DAX Mt, the Dutch trading entity of Crypto.com. The Apex Bank imposed the fine on the crypto trading platform
Binance, one of the leading cryptocurrency exchanges, recently made a statement regarding its operations in Nigeria. The exchange disclosed that Nigeria is not considered one of its top markets, despite the country’s huge potential for crypto adoption. This statement comes after a series of disputes with Nigerian authorities over Binance’s activities in the region. The
Coinbase recently made headlines with its announcement of a $1 billion bond offering to fuel its growth and expansion plans. The bonds, which are designated as unsecured convertible senior notes, are set to mature in 2030, giving investors the option to convert their holdings into Coinbase shares or cash at that time. The decision to
The recent incident involving the Nigerian government obtaining a court warrant to detain Binance officials has sparked controversy and raised concerns about the rule of law in the country. According to reports from local media outlet Premium Times, the officials were detained for at least twelve days, despite their insistence on being taken to their
Coinbase, a leading cryptocurrency exchange, has recently come under fire for its clash with the Securities and Exchange Commission (SEC). The SEC’s rejection of Coinbase’s rulemaking petition has been met with strong criticism from the exchange, labeling the decision as “arbitrary and capricious.” Coinbase’s argument hinges on the need for clear regulations and compliance guidelines
Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share following the launch of several spot Bitcoin exchange-traded funds (ETFs) in January. This surge in market dominance has led analysts at Goldman Sachs to upgrade their rating on Coinbase shares from selling to neutral. The bank analysts cited the surge
Bitcoin recently reached an all-time high of $69,000 on Mar. 5, only to experience a swift 14% correction shortly after, dropping its price to $59,300. Despite this drop, Bitcoin managed to climb back up to $66,000 the following day. The intense price volatility on Mar. 5 led to record-breaking trading volumes on centralized exchanges. An
