Tag Archives: Exchange News

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...

Bitpanda receives VARA approval to expand into the UAE, setting the stage for full operations with local partnerships and compliance. Bitpanda, Europe’s leading regulated cryptocurrency platform, is taking a significant step toward expanding globally. The company has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval takes Bitpanda closer to commencing its operations in the UAE under the entity, Bitpanda Broker MENA DMCC. However,...

Mark Longo, known as Squirrel Dad, sues Binance for unauthorized use of Peanut the Squirrel’s images and intellectual property. Mark Longo, known as Squirrel Dad, has taken legal action against Binance. He claims the company used his intellectual property without permission. This includes images and trademarks associated with Peanut the Squirrel, an animal Longo rescued in 2017. Peanut, also referred to as P’Nut, gained a lot of popularity on social media platform. The squirrel’s pranks were...

BingX launches CreatorX Program to empower content creators, offering incentives, exposure, and collaboration in the crypto industry. BingX, a leading cryptocurrency exchange, has launched its CreatorX Program to empower content creators. This initiative aims to inspire individuals passionate about blockchain and cryptocurrency. This way, the program will provide structure for incentives, exposure, and collaboration. This will allow creators to succeed in the growing crypto industry. As...

Circle and Binance partner to boost USDC and crypto adoption, enabling 240M users to trade, store, and use USDC globally. Circle and Binance have announced a strategic partnership to accelerate the adoption of USDC and cryptocurrencies. Both Allaire and Binance CEO Richard Teng revealed the partnership during Abu Dhabi Finance Week. Circle CEO Jeremy Allaire also shared this news on his X account. The partnership will enable Binance’s 240 million users to trade, store, and use USDC for...

BitOasis obtains a full VASP license, enhancing its MENA activities. CoinDCX acquires BitOasis, strengthening its presence in the MENA region. Virtual asset-leading platform BitOasis has won the Virtual Asset Service Provider definitive license offered by Dubai’s Virtual Assets Regulatory Authority. This would be a step from onboarding under a provisional license from VARA back in 2022, followed then by winning an MVP license at the turn of 2023- this makes a march forward for BitOasis that...

If the new regime takes effect, the SFC will collaborate with the C&ED to oversee OTC services in Hong Kong. Financial hub Hong Kong looks to introduce a new regime for over-the-counter (OTC) virtual asset trading services as the Securities and Futures Commission (SFC) conversed with multiple ‘industry participants.’ Should the jurisdiction proceed in that direction, the SFC will work with the Customs and Excise Department (C&ED) to better regulate the crypto industry. A proposal...

Upbit, South Korea’s largest cryptocurrency exchange, has announced the launch of Nervos Network (CKB) on its platform. Starting today at 16:00, users will be able to trade Nervos in the KRW, BTC, and USDT markets. This new listing enables the trading of CKB with three primary pairs, which will improve the token’s flexibility and market depth. The deposit for Nervos Network (CKB) will start another 3 hours after the announcement, while the transactions will begin at 17:00 on September 13. It...