Tag Archives: okx

CoinspeakerOKX Secures In-Principle Approval for Singapore Expansion While the in-principle approval in Singapore adds to OKX's recent string of regulatory achievements, MAS has set other conditions to be met before the final approval of an MPI license. OKX Secures In-Principle Approval for Singapore Expansion

CoinspeakerAstar Becomes First Blockchain to Integrate Polygon’s AggLayer The collaboration between Astar and Polygon highlights the growing trend of blockchain networks working together to overcome interoperability challenges. Astar Becomes First Blockchain to Integrate Polygon’s AggLayer

Pandora has witnessed a remarkable surge of over 30% in the last 24 hours amid a broader market resurgence. This increase can be attributed to recent announcements by crypto wallets from renowned exchanges like Binance and OKX, which emphasized the inclusion of support for the ERC-404 token standard. The ERC-404 Token Standard Based on data from CoinGecko, the Pandora token peaked at $32,427 today, marking a 35% increase in the past 24 hours. Its current trading price is...

Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the country. According to a report by News1 Media, South Korea’s Financial Intelligence Unit (FIU) received complaints from the country’s Digital Asset Exchange Association (DAXA). OKX Under Regulatory Probe DAXA, an alliance of South Korea’s five major crypto trading platforms, including Upbit, Bithumb, Coinone, Korbit, and Gopax,...

CoinspeakerAI-Generated IDs for $15 Threaten Crypto Exchange KYC Standards The emergence of OnlyFake poses significant concerns for the crypto ecosystem, particularly in combating fraudulent activities. AI-Generated IDs for $15 Threaten Crypto Exchange KYC Standards

CoinspeakerOKX Axing Its Mining and Related Services OKX did not elaborate on the reason for this decision but simply said that it was due to business adjustments. OKX Axing Its Mining and Related Services

The latest TokenInsight report reveals that 2023 witnessed shifts in market share and trading volume among top exchanges, with Binance’s numbers decreasing from 54.2% to 48.7% while OKX’s and Bybit’s increasing by 4.3% and 2.2%, respectively. Binance, Upbit, and OKX occupy the top three positions in total annual trading volume, while Binance, OKX, and Bybit are in the lead regarding derivatives. Binance’s Market Share and Resilience At the beginning of 2023, Binance held a...

Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business. Crypto businesses looking to expand all over the world often face the challenge of needing to secure approval from various regulators to get started. As we’ve seen in the past, this is not always the most straightforward process and can come with a...

Despite the increasing involvement of the USDT stablecoin in criminal activities, the UN has reported that law enforcement authorities have successfully dismantled various money laundering organizations responsible for transferring illegal funds using USDT. The United Nations (UN) has warned that Tether’s USDT stablecoin has become the preferred cryptocurrency for money laundering schemes and other illicit activities in Asia. The Financial Times reported Monday, citing a report published...

Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK, which has expanded its scope to include firms dealing with crypto and stablecoins, subjecting them to the same...