Crypto exchange

Coinbase Custody is gearing up for the eagerly anticipated spot Bitcoin ETFs, making strategic adjustments to its operations, as reported by Bloomberg on Dec 29. A Coinbase representative underscored the extensive preparations for ETF approval. They highlighted their systems’ rigorous design and testing to accommodate increased trading volume, enhanced liquidity, and general surges in demand. […]

FTX Trading Ltd., the crypto exchange which used to be one of the biggest and most popular platforms in the industry, is approaching its bankruptcy case end after its founder and CEO Sam Bankman-Fried was sentenced on planning huge fraud that led to FTX bankruptcy, according to Bloomberg Dec 18th. The bankrupt exchange last year […]

CoinList, a US cryptocurrency exchange, pays USD 1.2 million for violating sanction facilitation claims by OFAC. On December 13th, OFAC announced that Coinlist processed about 989 orders meant for customers of Crimea, a Russian occupation peninsula, between April 2020 and March 2022. While OFAC categorized the apparent sanctions violations as “non-egregious,” it emphasized that CoinList […]

Crypto firm FTX contests the $24 billion IRS tax bill in bankruptcy proceedings. In a new development, the insolvent cryptocurrency exchange currently undergoing bankruptcy proceedings, FTX Trading, has contested a proposed $ 24 billion tax bill levied by the United States Internal Revenue Service (IRS). FTX, mired in legal woes along with sister firm Alameda […]

The HTX exchange, a digital asset trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack. HTX has struggled to keep its poise following an attack on November 22, which led to the loss of $30m as investors have since withdrawn their assets […]

Pro-soccer star Cristiano Ronaldo is facing a proposed class-action lawsuit from plaintiffs claiming they suffered financial losses due to Ronaldo’s involvement in promoting the crypto exchange Binance, which is currently facing legal issues. A Nov. 27 filing to a United States district court in Florida claimed that Ronaldo aided in the promotion and sale of […]

Global web3 technology company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, aiming to provide Brazilian users with a secure gateway to decentralized finance (DeFi) and crypto trading. The move comes as the South American nation continues to make significant progress in crypto adoption and cements itself as one of the […]

Crypto exchange Bitget is expanding with Arabic language support in the Middle East and North Africa. The MENA region, comprising 21 countries, is a vital economic hub. Bitget aims for grassroots adoption by offering native lingual support for Fiat gateways in seven currencies. On November 23, Bitget announced Arabic language support for over 11 countries […]

Creditors of Mt. Gox, a now-defunct crypto exchange that ceased operations after losing 850,000 BTC in a 2014 hack, have reportedly received an email hinting at soon-to-come repayments. On November 21, Nobuaki Kobayashi – the trustee overseeing Mt. Gox’s bankruptcy proceedings – started sending out emails to rehabilitation creditors about the commencement of repayments, as […]