exchange

Bybit launches Spot Liquidity Pairing Program to enhance liquidity for projects

July 25, 2024 1 min read

Bybit crypto exchange has introduced its Spot Liquidity Pairing Program. This program aims to link reputable market makers with projects that require enhanced liquidity. The program’s objective is to offer liquidity providers substantial prospects for cooperation and exposure. Bybit will prominently showcase Premium Liquidity Providers in its recommendation list for projects, fostering robust collaborations and drawing in a greater number of potential projects to the platform. Bybit has announced the

Gate.io exchange halts Japanese operations due to FSA regulatory compliance demands

July 24, 2024 1 min read

Gate.io, a prominent crypto exchange, has said that it will halt its services for consumers in Japan as a result of regulatory obstacles imposed by the Financial Services Agency (FSA) of Japan. The decision is a response to compliance requests from the FSA and will also result in the cessation of new account openings for Japanese users. Japan’s stringent laws for crypto trading, such as the Payment Services Act (PSA),

Major Security Breach at Indian Crypto Exchange WazirX: Over $235 Million Stolen

July 18, 2024 2 mins read

In a major security incident, Indian cryptocurrency exchange WazirX fell victim to a hack that resulted in the theft of around $235 million worth of various digital assets. The breach, which occurred on July 18th, 2024, targeted WazirX’s multisig wallet on the Ethereum network. Investigators believe the stolen funds were moved to a new address and then partially converted to Ethereum using the Tornado Cash mixing service, a tool often

US District Judge advises Coinbase to reconsider subpoena for SEC Chair Gensler

July 12, 2024 1 min read

The US District Judge Katherine Polk Failla has recommended that Coinbase exchange either abandon or modify its attempts to obtain US Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications through a subpoena. The hearing was conducted in response to the SEC’s petition to prevent Coinbase’s subpoena, which granted access to Gensler’s correspondence pertaining to cryptocurrencies. Judge Failla expressed astonishment at Coinbase’s request and recommended that the exchange submit

FTX disputes the $264 million claim by Jump Trading over SRM tokens

July 12, 2024 1 min read

FTX exchange is contesting a $264 million claim by Jump Trading subsidiary Tai Mo Shan for 800 million Serum (SRM) tokens obtained through a loan agreement with Alameda Research. The collapse of FTX in 2022 led to the decline of Serum, a decentralized exchange that used SRM as its native cryptocurrency. Jump Trading seeks compensation using an options model considering SRM’s market price, volatility, and other financial factors. FTX’s legal

Former FTX exchange executives will be sentenced after pleading guilty

July 10, 2024 1 min read

Two former FTX executives, Nishad Singh and Gary Wang, will be sentenced in New York this fall. Singh, a former Director of Engineering, pleaded guilty to four federal charges in February 2023, testifying that Alameda Research took billions from FTX under Bankman-Fried’s orders. Wang, a former Chief Technology Officer, pleaded guilty to fraud and conspiracy in December 2022, testifying against Bankman-Fried. He revealed he gave Alameda Research special advantages, leading

FTX Founder’s family handles over $100 million in political donations

July 6, 2024 1 min read

Bankman-Fried family is currently embroiled in a $100 million financial scandal, which revolves around the misuse of commercial assets for the purpose of making political contributions. The family, which includes the creator of the now-closed FTX exchange, has been accused of illicitly utilizing FTX clients’ assets to exert influence over the 2022 election. The Wall Street Journal’s emails disclosed that SBF’s father, Joe Bankman, engaged in illicit campaign fundraising endeavors.

The US Marshals Service partners with Coinbase Prime in a $32.5 million deal

July 2, 2024 1 min read

The US Marshals Service (USMS) has partnered with Coinbase Prime to manage and trade large-cap digital assets worth $32.5 million. The deal follows a thorough evaluation process by the USMS, a division of the US Department of Justice responsible for asset forfeiture. Coinbase Prime is chosen for its strong track record and security features, as it is a leading platform for institutions to trade and store digital assets securely. As

Coinbase and Stripe partner to integrate USDC on Base

June 30, 2024 1 min read

Coinbase and Stripe have formed a partnership to incorporate USD Coin (USDC) on the Base blockchain, hence improving Stripe’s cryptocurrency services. The alliance seeks to enhance the efficiency and affordability of money transfers across more than 150 countries, while also offering a convenient method for converting traditional currency to crypto. Stripe plans to incorporate USDC on Base into its crypto payout system, enhancing the speed and cost-effectiveness of international transfers.

Coinbase plans to list Shiba Inu for futures contracts

June 30, 2024 1 min read

Coinbase, the leading crypto exchange in the United States, has revealed its intention to include the Shiba Inu crypto for trading futures contracts. The exchange has submitted a formal document to the Commodity Futures Trading Commission (CFTC) in order to initiate trading in the near future. Despite the current volatility, this move underscores the increasing influence of Shiba Inu in the crypto market. Coinbase is poised to become the inaugural

South Korea to review 600 crypto on local exchanges starting July 19

June 17, 2024 2 mins read

Commencing on July 19, South Korea’s financial regulators will undertake a comprehensive examination of over 600 crypto traded on domestic exchanges. This initiative is in accordance with the newly implemented laws outlined in the Virtual Asset User Protection Act. The objective is to guarantee that all crypto listed adhere to rigorous criteria, thereby replacing the existing practice where exchanges independently evaluate and list cryptocurrencies. The South Korean government has established

Binance and Gulf Innova launched Binance TH, a new crypto exchange in Thailand

January 16, 2024 1 min read

Binance and Gulf Innova have joined forces to launch Binance TH, a cutting-edge crypto exchange tailored for the Thai market. The exchange, which is now open for business, represents a strategic collaboration that prioritizes security, transparency, and local support. CEO Nirun Fuwattananukul expressed gratitude for the collaboration and emphasized the importance of working closely with Thai regulators to bring this innovative platform to fruition. Binance TH is intended to provide