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After Binance, the world’s second-largest exchange, OKX has decided to stop operating in the Hong Kong market. While you can withdraw until August 31, they will stop accepting any more deposits or order placements from May 31 onwards. Although it termed quitting as a “strategic decision” the exchange gave no other information. New Regulations Prompt…
The discussion for cryptocurrency is getting hotter as the elections draw nearer, and SEC chairman Gary Gensler expresses his apprehension about FIT21. This new legislative document is set to be tabled before U.S. House Representatives tomorrow. Gensler heavily faults FIT21, saying that if implemented, it will sideline SEC and hurt the $100 trillion capital markets…
The recent report by the Wall Street Journal from the US media has sent ripples through the crypto world today, with Binance stepping forward to address the allegations. Yi He, one of the exchange’s founders, stated, “There is a fierce battle among market makers filled with tricks. Those who pay can get any advertisement they…
Investor and cryptocurrency analyst Arthur Hayes reaffirmed his optimistic outlook in a recent blog article. Because of the US elections and the depreciation of the major foreign currencies, there was early skepticism, but Hayes boldly predicted that prices would keep rising until they reached ludicrous levels. Hayes’s Confident Manner In his most recent blog post,…
A new wrinkle arises in the legal saga launched by the US Department of Justice last year against Binance and its founder Changpeng Zhao, which resulted in an initial penalty of more than $4.3 billion. The Department now seeks a 36-month prison sentence for CZ. Allegations and Request for Imprisonment Judicial procedures are preventing Binance…
Binance, which began to shift from its previous stance of 1.5 years, announcing its decision to delist USDC, now reveals the plan to restyle the whole Safety of Asset Fund into USDC. Embracing USDC: A Strategic Shift A new update has come from Binance, which it has taken another step forward in the USDC adoption…
In a recent announcement, Binance disclosed its decision to remove three cryptocurrencies—DREP, MOB, and PNT—from its watchlist. Trading of these assets will cease effective from April 3, 2024. Delisting Announcement: Binance Takes Action The world’s largest cryptocurrency exchange, Binance, has declared its intent to delist three cryptocurrencies from its platform. These include DREP (DREP), Mobilecoin…
ARK Invest, recognized for its cryptocurrency investments and the launch of Bitcoin spot ETF, has marked one of its most significant single-day Coinbase stock sales. The company’s sales in the past week alone have exceeded an impressive $200 million, signaling a strategic shift in its investment portfolio. ARK Invest’s Ongoing COIN Stock Sales Since the…
Binance, one of the leading cryptocurrency exchanges, has completed its 6th incubation investment cycle through Binance Labs, its $10 billion investment arm. In a strategic move, Binance Labs extended financial support to seven emerging crypto startup companies, marking a significant milestone in fostering innovation within the cryptocurrency ecosystem. Binance Labs Incubation Program: Nurturing Innovation Despite…
U.S. District Judge Richard Jones sanctioned the agreement between Binance, the U.S. Department of Justice, and the Commodity Futures Trading Commission. This crucial decision solidifies Binance’s commitment to a $4.3 billion penalty, marking a significant chapter in the company’s legal history. Legal Evaluation At yesterday’s penalty hearing in Seattle, Judge Jones delivered a clear message:…
Binance, the world’s largest crypto exchange, has made a significant move within the cryptocurrency landscape. However, the decision is to delist four altcoins, including the prominent Monero (XMR). This action is taken to adhere to regulatory standards, marking a notable shift in Binance’s approach. Moreover, the decision aligns with the recent trend of exchanges distancing…
Coinbase, a major cryptocurrency exchange, recently announced the delisting of four digital assets. However, ATA, DREP, MONA, and SYLO will no longer be tradable on the platform from January 4, 2024. Therefore, users need to be aware of this important change in the exchange’s listing. In addition to this, the decision is outlined in the…