Tag Archives: News

Binance Executive Tigran Gambaryan has been held captive in a Nigerian prison since February. A group of over 100 ex-US prosecutors are demanding the government to step up to free him. Gambaryan, Binance’s Compliance Head, was arrested in Nigeria along with his colleague Nadeem Anjanwalla after their meeting with government officials went awry. Anjanwalla managed to escape prison and flee the country, but Gambaryan remains arrested. Nigerian officials detained both executives on false...

Marathon Digital, the largest Bitcoin mining outfit, sold 63% of the 616 bitcoins mined in May, amounting to 390 bitcoins. Its balance sheets revealed $290.4 million worth of cash and cash equivalents by the end of the month. Marathon’s 616 bitcoins generated was a massive difference compared to other mining companies, as CleanSpark followed it with 417 bitcoins and Riot Platforms with 215 bitcoins. CleanSpark only sold 2.43 bitcoins and Riot none. The Bitcoin halving is pushing miners...

Binance has reintegrated Visa and Mastercard into its platform, according to its post on X. This move will also include SEPA payments for EU customers who want to use bank transfers to acquire crypto on the exchange platform. Binance stopped its Visa-related services in December and was dropped by Mastercard in multiple countries in September. Its Visa integration previously allowed customers to spend their crypto holdings on Binance as they would fiat in brick-and-mortar and online stores...

Robinhood, the stock trading platform, has agreed to acquire Bitstamp, a massive UK-based crypto exchange. The deal is set to close next year for a whopping $200 million. It will elevate Robinhood’s crypto arm to new markets, taking its presence outside the US and allowing it to service customers in the UK, Europe, and many other jurisdictions where the exchange holds licenses. Bitstamp is one of the most used exchanges in Europe, and its acquisition will help Robinhood strategically grow in...

Turkey is not going to impose taxes on profits from trading crypto assets and stocks, clarified an official from the country’s finance ministry. The clarification comes after news reports mentioning Ankara’s plans to impose crypto taxes started making rounds few days ago. According to news reports from earlier this week, Mehmet Simsek – Turkey’s treasury and finance minister announced plans to put the country on the path of economic recovery.  Taxing income from cryptocurrency and stock...

Paxos Trust Company, the issuing entity behind famous stablecoins PayPal USD (PYUSD), Pax Dollar (PUSD), Pax Gold (PAXG), and the now defunct Binance USD (BUSD), has introduced its new stablecoin – the USD Lift (USDL). The stablecoin will be distributed by Paxos’ UAE-based affiliate, Paxos International. USDL is a yield-generating stablecoin that allows users to accrue interest as they hold the asset, thus working as a “savings product than a checking account product,” said Charles...

BNB, Binance Chain’s native asset, has registered a new all-time high (ATH) of about $712 to prove its place as a top-five cryptocurrency. Many tokens deployed on its chain also saw a massive spike in activity, with Floki and PancakeSwap’s CAKE gaining 15% and 25%, respectively. The BNB ecosystem has since witnessed a rise in TVL by over $2.4 million as of Wednesday, showing increased user interest in its DeFi ecosystem. The largest chunk of the inflows was channeled into PancakeSwap’s DEX,...

In an innovative scheme, cybercriminals have attacked a prominent newsletter distribution platform that caters to several crypto platforms, including exchanges and crypto analytics platforms. CoinGecko’s Co-Founder and COO, Bobby Ong, confirmed that there was indeed a breach within an undisclosed, third-party newsletter distributor’s platform. He said, “We at CoinGecko may be potentially affected and are actively working with our vendor to investigate further to determine the extent of this...

BTC ETFs observed the largest single-day inflows since March today, marking the second highest inflows into the US-approved products since they launched in January this year. An estimated $880 million flowed into the ETFs, with Fidelity Investment’s FBTC ETF alone registering $378 million in inflows. Simultaneously, BTC’s price surged past the $71,000 mark for the first time in about two weeks and fluctuated over $71,500. While the asset’s price has set records this year, the past two months...

Bitpanda, one of the leading European crypto trading and brokerage platforms has announced that it has deepened its relationship with Deutsche Bank. The latest development allows the Austrian crypto platform to offer a better experience to its users, especially those in Germany. The relationship between Bitpanda and Deutsche Bank is not exactly new. Deutsche Bank has been acting as the former’s European Hausbank for cross-currency solutions in Austria and Spain for a while now. The latest...