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Binance

Binance Faces $86 Million Tax Challenge in India

Cryptocurrency exchange Binance is facing a major tax issue in India after the country’s tax authorities issued a notice demanding a Goods and Services Tax (GST) payment of $86 million. The Directorate General of GST Intelligence claims that Binance collected fees from Indian customers for trading virtual digital assets without remitting the appropriate taxes, according…

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Bitcoin ETF

Bitcoin and Ethereum ETFs Face Major Outflows Amid Market Volatility

Even with Bitcoin and Ethereum prices recovering, ETFs tied to these cryptos faced large outflows. Bitcoin ETFs saw over $400 million in withdrawals since early August. Ethereum ETFs had $341.35 million outflow in the first week and another $169.35 million the next week. Grayscale’s GBTC also experienced $69.12 million in outflows in just one day….

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Coinbase Coin Base

Coinbase Stock Up 3% as Institutional Revenue Surges

Coinbase’s trading revenue from institutional clients has surpassed expectations, reaching $63.9 million compared to the anticipated $55 million. This revenue surge has contributed to a recovery in COIN stock. In addition, Coinbase’s Base Layer 2 has experienced a remarkable 300% growth in transaction volume from the previous quarter. This significant increase has positioned it as…

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Binance

Binance Updates: 14 Altcoins Delisted and New Listings Announced

Binance, a leading cryptocurrency exchange, is updating its platform by adding new assets and removing some existing ones. These changes are important for crypto investors and enthusiasts, as they will affect the market. This article covers Binance’s recent updates, including new asset listings, loan options, and the removal of certain trading pairs, offering investors more…

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Wazirx WRX wrx

WazirX Offers $23M Reward to Recover $230M Stolen in Wallet Breach

Indian cryptocurrency exchange WazirX has introduced a $23 million bounty program to recover $230 million lost in a recent wallet breach. The breach impacted their multisig Ethereum wallet, causing significant losses and forcing the exchange to halt withdrawals and trading. To tackle this, WazirX is asking white hat hackers, blockchain experts, and cybersecurity professionals around…

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Wazirx WRX wrx

WazirX Breach Breakdown: How the $230M Attack Happened

The WazirX breach reveals vulnerabilities in multisig wallets, even with strong security measures. In one of the year’s biggest cyberattacks, the Indian cryptocurrency exchange lost over $230 million from a multisig wallet. WazirX reported that the attack targeted a multisig wallet using Liminal’s custody and wallet infrastructure since February 2023. The wallet had six signatories—one…

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Wazirx WRX wrx

WazirX Loses Over $230 Million in Cyber Attack Linked to North Korea

Indian crypto exchange WazirX has announced that it lost virtual assets valued at over $230 million due to a cyber attack, which is now linked to North Korea. Late Thursday update from WazirX, the attack specifically targeted one of WazirX’s multi-signature wallets, known as digi-cash lockers. These wallets are designed for enhanced security by requiring…

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Nigeria

OKX Halts Nigeria Services Over Regulatory Changes

OKX, a leading cryptocurrency exchange, has announced its decision to withdraw from the Nigerian market, effective August 30. The move comes in response to significant regulatory changes in Nigeria. A spokesperson for OKX underscored the exchange’s commitment to adhering to local regulations in all jurisdictions where it operates. OKX Ceases Operations in Nigeria Amid Regulatory…

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TONCOIN ton

Why Toncoin Might Not Be Listed on Coinbase or Binance

Toncoin (TON) is a leading cryptocurrency, ranking among the top 10 by market capitalization. Despite recent price corrections, TON remains robust, trading above $7. However, the token faces significant hurdles with exchange listings, being excluded from major platforms like Binance and Coinbase. This exclusion stems from regulatory issues in the U.S. market, making TON one…

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Mt Gox

Mt. Gox Starts Paying Back in Bitcoin and Bitcoin Cash

The collapsed exchange has begun repaying its debts to creditors through select crypto exchanges, following the Rehabilitation Plan. Mt. Gox, the failed crypto exchange, has started paying back its debts in Bitcoin (BTC) and Bitcoin Cash (BCH). Mt. Gox Begins Repayments to Creditors Repayments are being made to some rehabilitation creditors via designated crypto exchanges…

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Coinbase Vs Sec

Coinbase Sues SEC and FDIC for Alleged Crypto Suppression

Coinbase, a publicly traded crypto exchange, has filed two civil lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) through an intermediary. Coinbase is asking for access to documents that might explain how the regulators decided which crypto tokens to classify as securities. Coinbase Sues SEC and FDIC…

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FTX

Sam Bankman-Fried Receives 25-Year Prison Sentence for Fraud and Conspiracy

On Thursday, a federal judge handed down a 25-year prison sentence to Sam Bankman-Fried, who served as the former CEO of FTX. The judge cited Bankman-Fried’s “apparent lack of remorse,” his tendency to be “exceptionally flexible with the truth,” and the audacity of his fraudulent actions. US District Court Judge Lewis Kaplan sentenced Sam Bankman-Fried…

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KuCoin

KuCoin Adds Manta Network’s Native Token to Spot Trading

KuCoin has officially announced its support for Manta Network on its trading platform. The deposit feature for MANTA tokens will be available from January 18, with trading scheduled to commence shortly, paired with USDT. Notably, the project is led by a team of experienced entrepreneurs with connections to prestigious institutions like Harvard, MIT, and Algorand….

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Binance Launches UK Domain for FCA Compliance

On October 6, 2023, Binance News unveiled a UK-specific domain in compliance with the Financial Conduct Authority (FCA) regulations. Starting October 6, 2023, Binance introduced a dedicated UK domain, binance.com/en-GB, exclusively serving UK-based clients. This move aligns with the Financial Conduct Authority (FCA) regulations, specifically the updated Financial Promotions Regime. Binance’s collaboration with Rebuildingsociety.com Limited…

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Binance Encounters Banking Challenges in France Following Departure from Russia

Binance France actively promotes the adoption of cryptocurrencies while simultaneously tackling banking obstacles following its withdrawal from the Russian market amid a backdrop of persisting regulatory difficulties. In recent updates, Binance France has advised its user base to promptly transition their fiat holdings into digital currencies. This guidance comes in the wake of the conclusion…

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Kraken Exchange

Australian Financial Regulator Sues Kraken Service Provider

The Australian Securities and Investments Commission (ASIC) has taken legal action against Bit Trade, the operator of Kraken cryptocurrency exchange in Australia. ASIC has accused Bit Trade of not meeting design and distribution requirements for one of its trading products, specifically a margin trading product. The civil charges were filed in the Federal Court, as…

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BitGo Exchange

BitGo and Swan Partner for First US Bitcoin-Only Trust

Prime Trust encountered severe financial difficulties, resulting in an $8 million loss linked to its investment in the failing terraUSD stablecoin. Conversely, BitGo showcased resilience by obtaining $100 million in funding after reevaluating its acquisition plans involving Prime Trust. BitGo and Swan, both prominent names in the world of Bitcoin financial services, are joining forces…

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coinbase Ceo

Coinbase Launches Web3 Wallet for Institutions and Enterprises

Coinbase, a popular cryptocurrency exchange, has expanded its services by introducing a Web3 wallet tailored for major institutions involved in Web3, DeFi (Decentralized Finance), and NFTs (Non-Fungible Tokens). This new crypto wallet utilizes MPC (Multi-Party Computation) technology, enabling clients to securely store tokens from supported networks, access their funds, engage with decentralized applications (dApps) and…

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CoinEx Exchange

$54M Crypto Theft Hits CoinEx Exchange

CoinEx Halts Transactions After $54 Million Cryptocurrency Theft Due to Security Breach. CoinEx, a cryptocurrency exchange, recently experienced a hacking incident resulting in the loss of over $54 million worth of assets. Although the breach is awaiting official confirmation, it appears that assets stored in Ethereum (ETH), TRON, and Polygon wallets may have been compromised….

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Crypto ATM Bitcoin ATM

Bitgamo to Install 75 New No-KYC Crypto ATMs in Europe by 2024

Crypto exchange Bitgamo is set to install around 75 crypto ATMs across Europe in the next year. Bitgamo has been growing significantly and stands out as the only crypto-to-fiat exchange without KYC requirements, providing competitive exchange rates. However, the introduction of MiCA regulations in Europe raises questions about whether all platforms can carry out their…

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coinbase Ceo

Coinbase Explores International Expansion Amid U.S. Regulatory Uncertainty

Coinbase CEO Brian Armstrong talked about the company’s plans to expand to 83% of G-20 countries and expressed optimism about U.S. regulations. He also mentioned that Coinbase is the custodian for several Bitcoin ETF applications. Coinbase CEO Brian Armstrong recently talked about the company’s global plans on CNBC’s Power Lunch. He mentioned that 83% of…

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CoinSwitch

CoinSwitch and CoinDX Cut Staff Amid Market Slump

India’s digital currency exchange, CoinSwitch, is cutting its workforce by 8% as it explores ways to adapt to current market conditions. The job cuts primarily affected employees in customer support roles, where the exchange saw redundancy. A total of 44 individuals were affected, and CoinSwitch claims that these employees voluntarily resigned after discussions with management….

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Bitget

Bitget and 0xScope Partner to Launch Smart Awards for Crypto Traders

Bitget is launching a new awards program called the Bitget Smart Awards. The awards will recognize outstanding achievements in key on-chain activities that are shaping the future of the decentralized world. There are two categories of awards: Smart Money Awards and Hero Trader Awards. The Smart Money Awards will go to people who have demonstrated exceptional…

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