Tagged: crypto trading

Binance.US Suspends US Dollar Deposits, Following Unprecedented Crackdown by US Regulatory Authorities

Binance.US revealed on Thursday (June 8, 2023) that it will be suspending US dollar deposits and that its banking partners are getting ready to suspend fiat US dollar withdrawal options as early as June 13, 2023. This update has come a few days after US… Read More

Digital Asset Firm Gemini Announces Plans for UAE Crypto License

The team at Gemini is pleased to announce that Gemini will soon “begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE).” As a “forward-thinking,” global financial hub, the UAE is “continuing its tradition of leadership by… Read More

Digital Assets: OKX, Komainu to Enable 24/7 Trading of Segregated Assets Under Custody for Institutions

OKX, which claims to be the world’s second largest cryptocurrency exchange by trading volume (behind Binance) and a “leading” Web3 technology company, and regulated digital asset custody service provider Komainu, announced that OKX has “joined collateral management platform Komainu Connect, enabling institutional customers to conduct… Read More

Digital Asset Firm Kraken Appoints Vishnu Patankar as CTO

Kraken, which claims to be one of the world’s “longest standing” and most “trusted” crypto platforms, announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar reportedly “brings over twenty years of technology expertise to Kraken and helped Fortune 500 companies like Microsoft,… Read More

Crypto.com Obtains Major Payment Institution License from Monetary Authority of Singapore

Crypto.com announced that it has received its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com “receiving its in-principle approval from MAS in June 2022.” With this license, Crypto.com can “continue to… Read More

Stablecoins: Tether USD₮ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B

Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.” Paolo Ardoino, CTO of Tether, stated: “Today’s numbers demonstrate that people want access… Read More

Binance Might Be Laying Off 20% of its 8000-Employee Global Workforce

Photo courtesy notionscapital on Flickr

Binance, which claims to be the world’s largest cryptocurrency exchange in terms of overall trading volume and scope of operations, recently revealed that it may be reassessing its workforce following numerous other industry-wide reports of layoffs and an extended bear market. On Wednesday (May 31,… Read More

Crypto Trading: Gulf Binance Obtains Digital Asset Operator Licenses in Thailand

Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd., has now secured digital asset operator licenses from the country’s Ministry of Finance. Digital asset operators are “regulated by Thailand’s Securities and Exchange Commission (SEC).” Gulf Binance will be able “to… Read More

Digital Assets: Bitfinex, Chile’s OrionX to Enable Crypto Adoption in Latin America

Bitfinex, a  digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More

TradeStation Integrates with Fintech Plaid to Enhance Financial Account Connectivity Capabilities

TradeStation Group, Inc., a Florida-based company whose operating subsidiaries provide self-clearing online brokerage services for trading stocks, ETFs, options, futures, and crypto that aim to offer the ultimate trading experience, has announced its integration with Plaid, a data network powering the digital financial ecosystem. The… Read More

Securities Commission Malaysia Takes Action Against Huobi Global for Operating Crypto Exchange without Registration

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li… Read More

Ex-Coinbase Manager Sentenced in “First Ever” Crypto Insider Trading Case

Ishan Wahi was sentenced to two years in prison for allegedly “tipping his associates regarding crypto-assets that were going to be listed on Coinbase Exchanges.” Damian Williams, the United States Attorney for the Southern District of New York, announced “that ISHAN WAHI, a former product… Read More

Crypto Exchange Bittrex, Inc. Issues Statement on Chapter 11 Bankruptcy

Bittrex, Inc. released the following statement today regarding Bittrex U.S.’ decision to file Chapter 11 bankruptcy: “Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made the decision to file Chapter 11 bankruptcy in… Read More

Crypto Trading: SCRYPT, Fiat Republic to Enhance Fiat On/Off Ramp Capabilities, Automation of Settlements

SCRYPT, the Swiss-licensed crypto trading firm offering digital asset solutions for institutions, announced a strategic partnership with London-based Fiat-as-a-Service platform Fiat Republic in order “to supercharge SCRYPT’s fiat on/off ramp capabilities, as well as improve automation of customer settlements to its institutional trading platform.” This… Read More

Coinbase Reports Net Quarterly Loss of $79M, but Revenue Grew 22% QoQ

Coinbase (NASDAQ:COIN) notes that it’s time to update the system. They also pointed out that the majority of financial systems were built over 100 years ago. According to the firm, the rules are “outdated, the technology has been slow to catch up, and all over… Read More

Dubai’s Virtual Asset Regulatory Authority (VARA) Issues Notice of Written Reprimand to OPNX Crypto Exchange

Following the Investor and Marketplace Alert dated 12 April 2023 in relation to opnx.com (OPNX) conducting unregulated activity, Dubai’s Virtual Assets Regulatory Authority (VARA) has issued “a formal Letter of Reprimand to OPNX and its founders” for the following: Carrying out VA Exchange Services on… Read More

Digital Assets: CryptoUK Responds to HM Treasury Crypto-Assets Consultation Paper

CryptoUK, which claims to be the “trusted” voice of the UK crypto industry, has published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper. Consultation proposals “included strengthening rules for crypto trading platforms and a robust world-first… Read More

Digital Assets: SlowMist, OKX to Support Advanced Security Solutions

SlowMist and OKX have recently announced a strategic partnership to focus on “enhancing digital asset ecosystem security, digital asset anti-money laundering (AML), and conducting security technology research.” Both parties will collaborate “to develop comprehensive and innovative security services to address the growing demand for secure… Read More

Framework Ventures Leads $5.5M Round for DFlow, a Decentralized Payment for Order Flow Protocol

DFlow, a “decentralized” payment for order flow (PFOF) protocol that enables wallets and crypto trading applications to sell their flow to best-execution market makers via open and permissionless auctions, announced that it has successfully raised a $5.5 million funding round led by Framework Ventures, a… Read More

CoinShares Leverages The Network Firm’s LedgerLens to Enhance Transparency in Digital Asset Management

CoinShares (Nasdaq Stockholm: CS), an alternative asset manager specializing in digital assets, has announced “the implementation of LedgerLens, a real-time reserves attestation solution provided by independent accounting firm, The Network Firm.” This blockchain-enabled solution “will offer real-time attestation services for CoinShares’ Exchange Traded Products (ETPs), including… Read More

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