Tag Archives: Exchange News

A federal judge has ruled that a class-action lawsuit against Coinbase, one of the largest and most popular digital currency trading platforms in the world, can move forward. Coinbase Will Soon Find Itself in Court Coinbase is easily one of the biggest crypto exchanges out there. At the time of writing, it has a valuation of more than $40 billion, yet for one reason or another, it doesn’t not seem to have a customer service department. The company has been hit with...

Fighters in the Ultimate Fighting Championship (UFC) will soon be eligible for digital currency-based bonuses thanks to the enterprise’s partnership with Crypto.com. Crypto.com and the UFC Work to Bring Crypto to Popular Fighters The fighting organization and the digital currency exchange are working together to unveil a new string of crypto bonuses that will be paid to the most popular or successful fighters as chosen by event watchers. Known as the “fan bonus” system,...

In a recent interview, it’s been confirmed that Gary Gensler – the head of the Securities and Exchange Commission (SEC) – is looking to regulate cryptocurrency exchanges. Gary Gensler Is Looking at Crypto Exchanges… Again A discussion of the matter was recently held by Jennifer Schonberger, a reporter who had specific details into the ideas of Gensler and his agency. She commented that he is looking to separate all market makers and subject them to the same financial...

It looks like the debacle surrounding Quadriga CX – the infamous crypto exchange in Canada – is continuing to haunt people. Tong Zou – a 33-year-old man – is one of the many victims of the exchange’s closure, and he lost his entire life savings in the slip up. Quadriga CX Is Still a Major Downfall for Many The Quadriga CX mess occurred nearly four years ago in late 2018. Gerald Cotten – the man behind the exchange – was abroad in India when he succumbed to Crohn’s...

Popular cryptocurrency exchange Bybit is moving its business to the United Arab Emirates (UAE), and its headquarters will be situated in the nation’s capital of Dubai. Bybit Has Its Sights Set on the UAE Bybit provides a wide array of crypto and blockchain-related services and tools for customers to enjoy. The company says it is fully committed to the regulatory efforts of the UAE, and that it will obey all laws implemented by state officials. Bybit is also creating an...

Brian Reisbeck is the new chief compliance officer at Coinme, a crypto exchange stationed in the U.S. He recently offered his comments and thoughts on international compliance and attempts to regulate the crypto space. Brian Reisbeck Offers His Thoughts on Crypto Compliance Regulation has long been a controversial topic, with some analysts completely for it, while others don’t want it affecting the space anymore than it already has. Neil Bergquist – the CEO and...

Leading crypto exchange Ku Coin has experienced some vast success over the past 12 months. The company is now celebrating by presenting some of its top-ranking employees with $100,000 bonuses being paid out in bitcoin, Ethereum, and other cryptocurrencies. Ku Coin Hands Out a Lot of Money During the previous year, KCS – the official token of Ku Coin – experienced a value increase of 30 times its initial price. The company also saw its user base increase and experienced...

Akin Adebowale and Ousman Sahko have unveiled BTX, a new crypto and non-fungible token (NFT) marketplace designed to assist black artists. The project was revealed at this year’s SXSW festival along with a new cryptocurrency called Blackrose (BRS) that will serve as the platform’s official asset. BTX Is Ready for Launch Both Adebowale and Sahko stated in an interview that they are truly excited about the developments being made in the crypto space given that digital...

Christopher Wray – the director of the Federal Bureau of Investigation (FBI) – says that Russia overestimated its abilities to use crypto to fight sanctions imposed by the United States and its allies. Russia and Crypto May Not Be a Perfect Match Over the past several weeks, many authorities in the U.S. have commented that Russia may try to use crypto to bypass sanctions following its invasion of Ukraine. Members of Congress such as Elizabeth Warren of Massachusetts have...

Cryptocurrency has permitted the historic purchase of a legendary race car. A McLaren 1989 MP4/5 F1 car that was once driven by legendary race car figure Ayrton Senna was purchased for roughly $5 million through a company called Himalaya Pay. The platform oversaw the transaction, which was done through a stable coin listed on the Himalaya Exchange known as the Himalaya Dollar (HDO). Ayrton Senna Sees His Legacy Grow with Crypto Senna is one of the most well-known and...