Tag Archives: Exchange News

Crypto circles on X accused Buterin of selling ETH for profits. Many defended him as he denied the allegations. Ethereum co-founder Vitalik Buterin moved large sums of ETH, causing some crypto users to call him out for his actions. He denied the claims of profiting from the selling, mentioning the proceeds were for funding projects he believed in and other charitable initiatives. A crypto user on X accused him of selling over $2 million worth of ETH on August 30 after he published a bullish...

Crypto.com is expanding globally through Retail Services, debuting in the UAE. The collaboration with Standard Chartered provides security and regulatory compliance. Crypto.com, the leading Singapore-based cryptocurrency exchange, announced new global retail services that will enhance crypto transactions for millions of users in over 90 countries. Starting next month, the services will be functioned through Crypto.com’s regional center in Dubai, with backing from Standard Chartered and...

WazirX said it would take at least six months for the restructuring to occur, after which its users would receive their deposits. The exchange maintains that this approach is the best route for all parties involved. Indian exchange WazirX filed for a moratorium in the Singapore High Court on August 27 under its parent company, Zettai Pte, registered in the city nation. The move comes as the exchange restructures its liabilities under the Singapore Scheme of Agreement after having over $230...

HashKey Exchange now lists AVAX and LINK, expanding retail crypto options in Hong Kong. The decision is in line with Hong Kong’s plan to grow its virtual asset sector in the face of global transformation. HashKey Exchange, Hong Kong’s most significant crypto platform, received approval from regulatory authorities to list two major altcoins, AVAX and LINK, for individual investors. This action is a key step toward expanding the number of digital assets available to non-institutional traders...

Tigran Gambaryan’s health has steadily declined throughout his detainment in a Nigerian prison since February. Binance’s CEO and Gambaryan’s family have voiced their concerns about the “irreversible physical and mental impact” on his health and his “reaching the point of no return.” Tigran Gambaryan, Binance’s head of crime compliance, will be brought back to court on September 2 as his trial for money laundering resumes. The court initially set a hearing for October 11, but defense lawyers...

The Secretary of the Department of Economic Affairs will draft a consultation paper by collaborating with Indian crypto stakeholders. Crypto regulations are much awaited by industry participants in India owing to its high adoption rate. The Indian government is engaging with crypto stakeholders to draft a consultation paper. That will help it develop its long-awaited regulations for the asset class. This approach of consulting stakeholders from the industry will allow the government to...

Andrew Vara, a US trustee, has pointed out flaws in the FTX reorganization plan. A group of creditors also asked for the FTX estate to change the mode of repayment to cryptocurrency. A US trustee has challenged the current FTX reorganization plan. Alongside the trustee, Andrew Vara, a group of creditors have also asked for better reorganization to meet its needs. While about 95% of FTX creditors voted for the path the FTX estate has taken, these objections may warrant it to look into its...

Indian exchange WazirX took shots at certain unnamed entities, accusing them of making it harder for the exchange to start its restructuring process. The process will allow the exchange to refund users appropriately while securing their assets simultaneously. As the effects of the WazirX hack from July carry on, preventing its users from withdrawing their crypto, the exchange announced a restructuring plan on August 23. It also stated users could withdraw their INR (Indian Rupee) deposits in...

Gate.io, a prominent cryptocurrency exchange, has entered into a significant partnership with FC Internazionale Milano (Inter), a leading football club and current Serie A champions. This partnership will involve placing the Gate.io logo on the sleeves of the Inter Mens, Womens, and U20 teams’ shirts beginning of the 2024/25 season. As mentioned by Gate.io in its blog post, this new role of becoming the Official Sleeve Partner is a combination of sports and digital innovation. The...

On August 23, 2024, U.S. District Judge William H. Orrick denied crypto exchange Kraken’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that some of Kraken’s cryptocurrency transactions could be classified as investment contracts and thus fall under securities regulations. According to the received evidence, Judge Orrick decided that Kraken generated more than $43,000,000 in revenue for the trading fees and allowed almost any transaction...