14:42 Arthur Hayes, BitMEX co-founder, plans to reveal more details of his family office, the “Maelstrom”
Warren Buffett-Backed Neobank Nubank Launches Own Currency Nucoin Warren Buffett-backed Nubank, a Brazil-based neobank that debuted crypto trading options back in May 2022 on its platform, has announced the launch of nucoin, its own cryptocurrency. Part of the first batch of the currency, issued on top of Polygon’s network, will be issued to its customers as an airdrop, and for cashback purposes. Nubank […]
Coinbase’s Base integrates Chainlink price feeds Base, an ethereum L2 solution has secured a partnership with Chainlink to integrate the latter’s price feeds into the Base testnet. Chainlink price feeds go live on Base Base, a new ethereum L2 solution developed by Coinbase, has integrated Chainlink to provide secure, off-chain price feeds for decentralized application developers in the crypto sector. According […]
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
Crypto Exchange Bitzlato Restores Access to User Funds Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who […]
Bybit and Talos partner for institutions to easily explore digital assets, improve retail user experience
Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report. Ukraine Receives Millions of Dollars in Various Coins From […]
Investigator claims Bitbns said $7.5m hack was system maintenance Twitter crypto sleuth ZachXBT has alleged that Indian crypto exchange Bitbns suffered a $7.5 million hack last month but covered it up by performing “system maintenance.” According to the investigator, the hack occurred on Feb. 1, and the attacker made off with customer assets worth $7.5 million. Let’s call out the crypto exchange @bitbns for […]
Binance CEO hits back at Forbes report, calls it ‘baseless’ Binance CEO, Changpeng Zhao, has refuted claims by Forbes, accusing the exchange of ‘shuffling’ $1.8 billion in stablecoin collateral to numerous hedge funds. Binance has been in the limelight since Forbes published a story claiming that the exchange transferred $1.8 billion in collateral to hedge funds without informing its customers. The article drew parallels between […]
Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside the country would continue to be served. […]
Binance to open crypto exchange in South Korea Lee Woong-yeol, the honorary chairman of South Korean corporation Kolon, has joined forces with Binance to launch a digital asset exchange in the country. According to Korean local news sources, the Kolon conglomerate’s honorary chairman is establishing grounds with Binance to develop a virtual asset trading platform in South Korea. Some sources have revealed that […]
Is the SEC’s action against BUSD more about Binance than stablecoins? Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC). Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. […]
Market makers in the crypto industry: party planners or bartenders? What is a market maker, and how do they differ in the crypto and traditional finance markets? At the European Blockchain Conference in Barcelona, Cointelegraph discussed the topic with key market makers in the crypto industry on one of the conference’s first panels. Cointelegraph reporter Joseph Hall drew up the analogy that crypto market makers […]
Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto exchange Binance has “secret access.” Clarifications by Binance US Binance US, a U.S.-based cryptocurrency trading platform […]
Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With […]
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of […]
Binance banking problems highlight a divide between crypto firms and banks Binance, the world's leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The announcement came with no explanation. However, exchange CEO Changpeng Zhao noted in a tweet that only 0.01% of the exchange’s […]
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions
WazirX calls out Binance over ‘false’ allegations A blog post published by WazirX, the Indian-based crypto exchange, on Feb. 7, 2023, highlights the exchange’s grievances with Binance. The exchange described Binance’s allegations as false and unsubstantiated, and it will be subsequently exploring all legal options for the protection of its rights. WazirX pushes back According to WazirX founder Nischal Shetty, the duo […]
Crypto banking firm Juno restarts operations after halt Crypto banking firm Juno has resumed its core crypto services after pausing them a month ago. The resumption of services follows Juno’s partnership with its new crypto custodian, Zero Hash. According to Juno CEO and co-founder Varun Deshpande, the new partnership with Zero Hash will provide users with a more secure platform experience. “Given the […]
Troubled crypto lender Hodlnaut in talks with potential buyers Crippled crypto lending platform Hodlnaut is reportedly in plans to liquidate its assets together with its FTX claims. Reports indicate that the firm is allegedly signing disclosure documents with potential buyers. Hodlnaut liquidators flock in Singapore-based crypto lending platform Hodlnaut is allegedly planning to liquidate its assets and sell the company and its FTX claims. […]
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance Invests in Troubled Korean Crypto Exchange Cryptocurrency exchange Binance announced Friday that […]
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s […]
Crypto companies cut staff in latest rounds of layoffs Crypto companies laid off at least 3,000 employees in January, citing market conditions and the post-FTX regulatory landscape. Let’s review which businesses announced the cuts. Last year, companies cut more than 26,000 crypto-related positions. Sadly, the bleeding hasn’t stopped, as January alone has seen 2,900 crypto staff lose their jobs. The crypto industry has experienced […]
