Tag Archives: Exchange News

NatWest – a retail and commercial bank – is limiting how much money its customers can transfer to digital currency exchanges as a means of preventing fraud. NatWest Is Halting Major Crypto Activity Customers of NatWest will no longer be able to transfer more than 1,000 pounds to crypto exchanges. They also cannot exceed 5,000 pounds per month. The bank put out a statement claiming there are too many “crypto criminals” out there, and it doesn’t want its customers taking...

Open banking firm Tarabut Gateway is joining hands with Bahrain-based crypto exchange Rain to ensure customers can add digital currencies to their wallets for less money and in half the time. Rain and Tarabut Will Work to Ensure Things Move Faster Transactions are set to be sped up tenfold through the partnership. Customers can also top up on their wallets without having to leave the Rain platform. In addition, errors from traditional bank wire transfers are slated to...

Binance – the world’s largest and most popular digital currency exchange – is converting more than $1 billion of its stable currency BUSD (Binance USD) into bitcoin, Ethereum, and various other digital assets. Binance Is Converting a Lot of Its Stable Asset The news came about in a tweet issued by the company’s CEO Changpeng Zhao, who stated: Given the changes in stablecoins and banks, Binance will convert the remaining of the one billion Industry Recovery Initiative...

Binance – the world’s largest and most popular crypto exchange – is unveiling a new prepaid crypto-based credit card to be utilized by consumers in regions like Colombia. The New Binance Card Will Be for Latin American Use The South American nation has become one of the biggest adopters of bitcoin and other digital currencies in recent years. It is the third most active member of Latin America when it comes to crypto trading and related activities. Number one is...

New York attorney general Leticia James is suing another digital currency company. This time, the victim is Ku Coin, whom James said failed to register as a security and commodities broker-dealer and is falsely representing itself as a crypto exchange. Ku Coin Is the Victim of a New York Lawsuit On one hand, there are many shady crypto companies out there that have sought to take advantage of customers and those who do business with them. FTX is proof of this, and it’s a...

FTX was a devastating event to strike the crypto space, and now, regulators and people in charge of America’s financial sector are warning that something bad could potentially happen with Binance, which as we all know, had strict ties to FTX when the company fell into oblivion. Binance Could Be in Hot Water John Reed Stark – a former attorney for the Securities and Exchange Commission (SEC) – has warned in a recent interview that Binance could possibly see a heavy...

Victims of the now defunct crypto exchange Mt. Gox are set to get some of their money back in the coming weeks and months. Several creditors have set forth a plan to pay back at least some of the funds that were lost (or stolen) in the company’s collapse, but the news isn’t all good, as some analysts believe this could cause a heavy slump in the bitcoin price. Mt. Gox Victims Are Set to Get Repaid Mt. Gox was one of the biggest disasters of the crypto space. Occurring in...

Another executive that worked with the now defunct crypto exchange FTX has pleaded guilty to criminal charges. Nishad Singh – who worked as the former director of engineering at the exchange – has pleaded guilty to approximately six conspiracy charges, as well as conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to violate federal campaign finance laws. Another FTX Employee Has Been Taken Down Damian Williams – a US attorney for the...

Patricia Ibarra is the most recent victim of a crypto scam. She feels bad about the situation, but even worse is that she got some of her own friends and family members involved in the scheme, which means she probably has guilt alongside the anger of being duped. Patricia Ibarra Was the Victim of a Crypto Scam The venture that stole money from Ibarra was called Crypto FX LLC. Based in Texas, the company promised anywhere between 15 and 20 percent returns to its...

Canada is cracking down on crypto trading and tightening its rules due to the FTX financial collapse. The country is allegedly trying to do all it can to protect investors and ensure nothing like the exchange’s debacle can affect people within its borders. Canada Is Fighting Potential Crypto Loopholes The Ontario Securities Commission and securities regulators in Canada are keeping their eyes open and watching any unregulated digital currency exchanges within the...