Tag Archives: Exchange News

Binance Kazakhstan has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. This is a significant step towards achieving a fully regulated Digital Asset Trading Facility (DATF) status, the first of its kind in Kazakhstan. This was after a rigorous and step-by-step assessment that involved financial audits, ISO certifications, and internal and external assessments. It should be noted that the AFSA, the regulator of financial and...

Mark Karpeles, the former CEO of Mt. Gox, is set to launch a new cryptocurrency exchange, EllipX, later this month. Announced during an interview at the Korea Blockchain Week in Seoul, the platform will debut in Europe, with its base in Poland. Karpeles will act as EllipX’s chief technology officer. He emphasized that the exchange will prioritize transparency and user-friendliness. EllipX can differentiate itself within the market by offering operation clarity. As mentioned earlier, Karpeles...

The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...

Global cryptocurrency exchange OKX has officially received its full Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) for its Singapore branch, OKX SG. This license permits OKX SG to engage in digital payment services, transfers of money internationally, and spot cryptocurrency trading for any investor in Singapore. Apart from obtaining the license, OKX has also hired Gracie Lin as the CEO of its Singapore offices. Lin brings extensive experience to her...

Binance’s head of financial crime compliance and former federal agent Tigran Gambaryan was brought to court as his trial resumed on September 2 after over a month of Nigerian court holidays. His trial was initially slated to resume in November but was pushed ahead to this month. Gambaryan’s legal counsel motioned to have him out on bail due to worsening health conditions. The opposing counsel fired back at the claims, asking the judge not to grant Gambaryan bail as they feel his health is...

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...