Tag Archives: Exchange News

Bybit enhances crypto transparency by sharing real-time liquidation data, empowering traders with accurate insights, improving trust, and attracting institutional investors. Bybit has introduced a groundbreaking initiative by making all liquidation data fully open to the public through its enhanced API. With this update, Bybit delivers new liquidation data every half second to give precise and immediate information to users. Bybit works to add transparency to the crypto market which helps...

PRIME Chain is already functioning, with over 130 stake pool operators safeguarding the network.  NEXUS, VECTOR, and Reactor Bridge will allow for seamless cross-chain activity. Apex Fusion has introduced its blockchain network and indigenous token, AP3X, which has started developing a decentralized and scalable network. The initial chain in the network is PRIME, which today is running on a strong staking and security framework. Apex Fusion, which has a hybrid architecture that retains the...

KuCoin EU has applied for a MiCAR license in Austria to expand in Europe. The Vienna-based hub will oversee compliance and innovation for digital assets. Top international cryptocurrency exchange KuCoin has revealed that its subsidiary, KuCoin EU Exchange GmbH, has applied for a MiCAR license in Austria. This is a key step in KuCoin’s effort to expand its regulatory presence and provide compliant digital asset services within the EU and EEA. After securing authorization, KuCoin EU will...

FTX schedules the next repayment for May 30, 2025. Creditors must complete KYC, and tax forms, and verify claims for smooth transactions. FTX Trading Ltd. and the FTX Recovery Trust have announced the timeline for the next distribution of funds to creditors. Sunil, who acts as an FTX creditor, said that the next distribution record date falls on April 11, 2025, together with the start of distribution set for May 30, 2025. The next payment distribution cycle will process all claims exceeding...

Brian Brooks adds extensive crypto and financial expertise to the board. MicroStrategy joined Nasdaq-100, strengthening its Bitcoin-focused approach. MicroStrategy is a business intelligence company focused on Bitcoin and has now added three new members to its board of directors. On December 20, the company appointed Brian Brooks, former CEO of Binance.US, along with Jane Dietze and Gregg Winiarski, to the board. This move aligns with the company’s efforts to establish a strong...

SEC penalizes Tai Mo Shan for falsely fixing TerraUSD’s $1 peg. The settlement includes a $123M punishment, emphasizing tougher crypto market oversight. The U.S. Securities and Exchange Commission imposed a $123 million fine on Tai Mo Shan Ltd., a subsidiary of Jump Crypto, for misleading investors about the stability of TerraUSD. This algorithmic stablecoin, issued by Terraform Labs, collapsed in May 2022. It brought about a catastrophic loss of $40 billion in investor assets. According to...

Binance showcases tokens on Binance Alpha that it may offer in the future. The Quick Buy program optimizes token trading and increases success rates. Binance, the world’s top blockchain ecosystem, has just introduced Binance Alpha as part of Binance Wallet, formerly known as Binance Web3 Wallet. The platform shall help users find promising, early-stage tokens. The platform will focus on identifying potential tokens that could soon trade on the Binance Exchange. It will also allow users to...

Crypto.com users can convert over 20+ cryptocurrencies to hotel points. The company initially offered the new function in the UK, the EU, and Switzerland. Crypto.com has introduced a revolutionary new partnership with Accor’s loyalty program, ALL, whereby users can convert their cryptocurrency into points that can be used for their travel. This partnership is unprecedented and aims to revolutionize the travel experience. Crypto.com users will be able to easily use their digital...

Bybit will stop withdrawal and custody services for French users starting January 8, 2025, amid increasing regulatory scrutiny in France. Bybit, a major cryptocurrency exchange, has announced it will cease providing withdrawal and custody services to users in France starting January 8, 2025. This decision follows increased scrutiny from French financial regulators. Bybit reiterated it will fully adhere to all the laws and regulations in the applicable jurisdictions. However, because of the...

FTX announces its Chapter 11 plan’s effective date as January 3, 2025, with BitGo and Kraken assisting in customer recovery. FTX, the cryptocurrency exchange once led by convicted founder Sam Bankman-Fried, has set a date for its Chapter 11 reorganization plan. After years of uncertainty, the exchange announced that the plan would take effect on January 3, 2025. This date will also be the first distribution record date concerning the holders of allowed claims within the plan’s Convenience...