March 22, 11:30 pm
|SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violati...|
The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a 'Wells notice' about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator 'will not let crypto companies 'come in and register.'' Coinbase CEO Brian Armstrong explained: 'A Wells notice typically precedes an enforcement action.'Coinbase Receives a 'Wells Notice' From SEC
Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that it has received a 'Wells notice' from the U.S. Securities and Exchange Commission (SEC) “regarding an unspecified portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation.”
Coinbase detailed in a blog post:
Today’s Wells notice does not provide a lot of information for us to respond to. The SEC staff told us they have identified potential violations of securities law, but little more.
“We asked the SEC specifically to identify which assets on our platforms they believe may be securities, and they declined to do so,” the exchange revealed.
'A Wells notice typically precedes an enforcement action,' said Coinbase CEO Brian Armstrong on Twitter. 'Two years ag...
March 22, 6:30 am
|Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balance...|
Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January.Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the E...
March 17, 7:30 am
|Moscow City Crypto Exchanges Ready to Send Cash to London, Report|
An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the clients, Transparency International Russia reveals in a report.Russia-based Cryptocurrency Exchanges Swap S...
March 16, 8:30 am
|Founder of Crypto Exchange Bitzlato Denies US Charges|
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court
Anatoly Legkodymov, one...
March 15, 11:45 pm
|Decentralized Exchanges Come as Winners Amidst USDC Depegging|
Last week's collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022.
According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the p...
March 13, 11:54 pm
|Crypto Exchange Bybit and Red Bull Launch Athlete Development Program&nb...|
Crypto derivatives exchange Bybit has teamed up with Oracle Red Bull Racing to launch an athlete development program called The Bybit Performance Accelerator.
According to a press release shared with CryptoPotato, the Accelerator combines education, physiology, and mental well-being to help athletes and professionals continually enhance and improve...
March 12, 2:30 pm
|USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depeggin...|
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps...
March 10, 11:30 pm
|Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Throu...|
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation.Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan
A platform illeg...
March 10, 8:05 pm
|US Crypto Exchanges Could Face Class Action Lawsuit: Reports|
According to a March 9 Fox Business report, the next salvo in Uncle Sam’s war on crypto could be a massive class action lawsuit filed on behalf of retail investors against top exchanges.
The outlet reported that leading securities lawyer Tom Grady is preparing for potential litigation against America’s largest crypto companies, includin...
March 10, 5:30 pm
|Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange ...|
On Thursday, the Biden administration released the U.S. president's 182-page budget proposal for the fiscal year 2024, which aims to 'grow the economy from the bottom up and middle out.' The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next decade. Ad...
March 07, 11:55 pm
|3AC Founders' Open Exchange Completes Its $25 Million Fundraise|
The highly controversial “Open Exchange” (OPNX) headed by once-failed Crypto CEOs has reached its fundraising goal of $25 million – though the founders are yet to reveal their benefactors.
Meanwhile, collapsed crypto exchange CoinFLEX has revealed that its restructuring deal has been approved by a Seychelles court, briefly pumping...
March 06, 12:00 pm
|Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Wor...|
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now av...
March 05, 9:00 am
|Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in Apri...|
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform's yield farmin...
March 05, 5:00 am
|Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian...|
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency
The world’s large...
March 05, 3:00 am
|Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti...|
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight 'an alarming uptrend' in crypto-related scams, the cryptocurrency exchange said. 'So far, the project has achieved tremendous results,' Binance claimed.Binance's Joint Anti-Scam Campaign
Cryptocurrency exchange Binance announced Frida...
March 03, 5:30 pm
|Bitcoin's Price Drop Causes Over $200 Million in Long Liquidations Acros...|
On Feb. 24, 2023, bitcoin's price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges. O...
March 03, 12:30 pm
|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 We...
March 03, 12:30 am
|US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Bus...|
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to 'potentially illegal business practices.' The lawmakers told Binance CEO Changpeng Zhao (CZ): 'Your actions have called into question the legitimacy of your business and the safety of your customers' assets.'U.S. Lawmakers Probe Binance
March 02, 10:00 am
|Innovations Help to Substantially Reduce the Gap Between Decentralized a...|
While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with decentralized exchanges such as the self-custody of assets make look more appealing than centralized exchanges...
March 01, 12:00 pm
|Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastr...|
PRESS RELEASE. LBank; a leading token-to-token crypto exchange, has partnered with Encryptus Europe UAB; a licensed crypto and fiat infrastructure company, to streamline their crypto to payouts in 100+ countries.
After this integration, LBank will be able to offer to their users off ramps in the form of bank wires, gift cards, mobile t...
February 28, 11:30 pm
|Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading|
Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted.TASE Exchange Moves to...
February 27, 7:52 pm
|Tel Aviv Stock Exchange to Regulate Crypto Trading After Turbulent 2022|
The Tel Aviv Stock Exchange (TASE) is willing to enable clients of its non-banking members to trade cryptocurrencies.
Its proposal comes as a result of the turmoil experienced in the sector last year, which according to numerous watchdogs, was a prerequisite for imposing stricter regulations.
The TASE - Israel's only public s...
February 26, 5:00 am
|Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges|
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Rus...
February 24, 4:30 am
|US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawy...|
Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed.Russian Accused of Laundering Billions Through Crypto May Return ...
February 24, 2:30 am
|Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Bas...|
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time.Coinbase L2 Scaling Platform Aims to Help Scale the Cryp...
February 23, 2:30 pm
|New York Attorney General Sues Crypto Exchange Coinex — Claims Tra...|
New York Attorney General Letitia James has sued cryptocurrency exchange Coinex 'for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.' The NY attorney general also stressed that Coinex is not registered with the U.S. Securities and Exchange Commission (SEC) even though the p...
February 23, 12:58 pm
|Crypto Exchange MEXC Signs Strategic Partnership Agreement With Metacade|
[PRESS RELEASE - London, United Kingdom, 23rd February 2023]
Metacade has signed a strategic partnership agreement with MEXC, one of the world's leading cryptocurrency exchanges. This follows the news that Metacade will list on Bitmart at the end of their presale.
Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency...
February 20, 1:30 am
|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...
February 16, 4:28 pm
|Crypto Exchange OKX Announces New OKBChain, OKB Skyrockets to New ATH|
Seychelles-based cryptocurrency exchange OKX announced the launch of its new blockchain dubbed OKBChain, which is separate from the existing Ethereum Virtual Machine (EVM)-compatible smart contracts protocol OKXChain.
According to OKX's founder Star Xu, the new OKBChain would foster the development of an OKB decentralized ecosystem.
OKX Unveils New...
February 10, 5:30 pm
|Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchan...|
Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or ...
February 10, 5:30 am
|Gold Coins Help Zimbabwe Achieve 'Price and Exchange Rate Stability'&mda...|
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins 'have proved to be an effective open market instrument for mopping up excess liquidity in the economy.'Gold Coins as Alternative Value Prese...
February 09, 4:30 am
|Indian Crypto Exchange Wazirx Calls Binance's Allegations 'False and Uns...|
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations 'are false and unsubstantiated,' Wazirx stressed. 'As far as Binance's actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.'Wazirx S...
February 08, 10:30 pm
|Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey|
Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week's devastating earthquake. While the crypto industry pledged support, the country's financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization.Leading Exchanges Commit to Supporting the...
February 07, 6:00 pm
|LBank Exchange Will List Fief (FIEF) on February 8, 2023|
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 7, 2023 – LBank Exchange, a global digital asset trading platform, will list Fief (FIEF) on February 8, 2023. For all users of LBank Exchange, the FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on February 8, 2023.
Fief Protocol is the decentralized application layer abov...
February 04, 4:30 am
|Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet ...|
Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 'to remove the funds from the accounts that they used for Wazirx's operations.' The move followed a public dispute regarding the relationship between Binance and Wazirx.
Binance Ends Wallet Services to...
February 04, 1:00 am
|Binance Returns to Korean Crypto Market — Invests in Troubled Exch...|
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
February 04, 12:54 am
|Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Addres...|
Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research's consolidation wallet.
According to Etherscan, the address labeled 'Alameda Consolidation' received $13 million worth of crypto assets from three different wallets.
The first belongs to the ...
February 03, 10:00 pm
|Experts Predict Future Regulation of Crypto Exchanges by 2025, With Spli...|
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 ...
February 03, 4:30 am
|US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase|
A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities.Customer Lawsuit Against Coinbase Dismissed
A proposed class action lawsuit filed in Manhattan by customers of cryptocurrency e...
February 01, 11:22 pm
|Korea's FSC Orders Exchanges to Delist and Classify Crypto With Securiti...|
South Korea is looking to amp up regulations to prevent unfair trade in the industry. As such, the Financial Services Commission issued instructions to five major crypto exchanges in the country to delist and classify digital assets that have similar properties to that of securities.
The implosion of the once-prominent Terra ecosystem tokens was th...
January 31, 8:05 am
|Bitcoin Sees Best Month Since Oct 2021 as Exchange Flows Normalize: Glas...|
Bitcoin has added 38% to its USD value since the beginning of the month when it was priced at around $16,846. This has made January the asset's best-performing month since October 2021, when it notched up 41%, according to Glassnode.
The current rally was “fuelled by both historic spot demand and a sequence of short squeezes,” the analy...
January 31, 6:30 am
|Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions|
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press.Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year...
January 31, 12:30 am
|Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futu...|
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital, and Big Brain Holdings.V...
January 30, 10:45 am
|DemaTrading.ai Survey Shows Poor Customer Service Is Costing Crypto Exch...|
[PRESS RELEASE - Amsterdam, Noord-Holland, 27th January 2023]
Index solution provider DemaTrading.ai has conducted a wide-ranging survey of the leading cryptocurrency exchanges. Its results are drawn from conversations with over 30 exchanges and 50 investors and reveal some of the most common reasons why exchange customers stay inactive.
January 29, 5:30 am
|Crypto Association in Turkey Vows to Block Exchanges That 'Victimize Tra...|
A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole.New Entity to Deal With Issues in the Crypto Space in Turkey, Hopes t...
January 27, 6:16 pm
|Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?|
The relevant indicator here is the 'all exchanges netflow,' which measures the net amount of Bitcoin exiting or entering into the wallets of all centralized exchanges. The metric's value is calculated by taking the difference between the inflows (the coins going in) and the outflows (the coins moving out).
When the indicator has a positive value, t...
January 27, 5:30 am
|Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appe...|
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration
January 26, 10:30 am
|Several Crypto Exchange Websites Taken Down in Kazakhstan|
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services
January 26, 3:30 am
|Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Clai...|
Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world's largest trading platform for digital assets was among Russian-owned Bitzlato's major counterparties.Blockchain ...
January 24, 2:30 pm
|Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billi...|
European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities.Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dis...