Russian Authorities Abandon Plans for National Crypto Exchange, Shift Focus to Establishing New Guidelines Recent reports indicate that the Russian authorities have decided against the implementation of a national cryptocurrency exchange. Instead, their focus has shifted towards the establishment of comprehensive regulations governing the development and operation of cryptocurrency exchange platforms. Anatoly Aksakov, the head…
Binance Appoints Richard Teng to Lead Regional Markets Outside the US Amid Regulatory Scrutiny Binance, recognized as the largest cryptocurrency exchange globally in terms of trading volume, has selected Richard Teng to take charge of overseeing all regional markets outside of the United States. This decision comes at a time when Binance has been under…
The SEC’s lawsuit against Gemini and Genesis is anticipated to have far-reaching consequences for the crypto industry and its regulatory environment. Gemini, a cryptocurrency exchange, and Genesis, a crypto lender facing insolvency, have taken collective action by filing a motion in a U.S. federal court. Their objective is to have the complaint lodged by the…
Bybit, a cryptocurrency exchange, has received initial approval to operate in Kazakhstan at the Astana International Financial Centre. This approval marks a significant step for Bybit as it expands its operations into Kazakhstan, following the positive response from regulators in the country. On May 29, Bybit, the cryptocurrency exchange, announced that it has received pre-approval…
Binance Publishes Research Report on BRC-20 Tokens with Over 24,000 Minted Bitcoin and BRC-20 tokens have gained significant attention in the crypto space. Binance, a popular cryptocurrency exchange, is actively exploring the integration of BRC-20 tokens to enhance Bitcoin’s NFT era. Leonidas, a well-known member of the Crypto Twitter community, drew attention to Binance’s interest…