The South Korean financial regulators have started going after the foreign crypto exchanges that operate in the country without meeting the regulatory requirement of the Specific Financial Information Act. As for now, many exchanges operate in South Korea and offer their services locally, which violate the established legal regulations. This is why the South Korean […]
crypto exchange
Crypto Exchange OKX Refutes Allegations of EU Scrutiny Over Bybit Hack
OKX denies any EU investigation following claims it facilitated money laundering in the Bybit hack, stressing its Web3 platform complies with regulations.
FTX Token (FTT) Volatility: Bankman-Fried’s Post Pushes Price, Then Fades Quickly
FTX Token (FTT) went up by 30% on February 25, 2025, following the return of its former CEO, Sam Bankman-Fried (SBF), to social media, after two years of his absence. The X post was made months after Bankman-Fried was handed a 25-year jail term for his involvement in the FTX case. Volatility of FTX Token […]
Crypto Exchanges Should Halt Withdrawals Post-Hack, Binance Founder CZ Strongly Recommends
Binance’s CZ advises crypto exchanges to halt withdrawals after hacks to assess security risks and protect user funds.
Crypto Exchange Bybit Ends Two-Year Compliance Struggle with France’s AMF
Bybit has been removed from France’s AMF blacklist after two years of compliance efforts. The exchange now aims for a MiCA license to expand in Europe.
FTX Creditors Await Payouts: What’s Next for Claims Under $50,000?
FTX has formally commenced creditors that have claims of $50,000 or less to receive a payout soon. The company intends to distribute such funds on February 18, 2025, which would be an important stage in the bankruptcy process. These will be processed through the collaboration of Bitgo and Kraken. FTX’s Commitment to Creditors The action […]
Bybit Faces ₹9.27 Crore Fine in India Amid Compliance Struggles: Report
Bybit cryptocurrency exchange that falls among the largest ones globally has been fined for ₹9.27 crore ($1.06 million) by the Financial Intelligence Unit of India. The penalty was incurred under the alleged contravention of the provisions of the Prevention of Money Laundering Act (PMLA). This is following Bybit’s non-compliance with mandatory rules in India. Bybit’s […]
Crypto Exchange Phemex Faces $70 Million Exploit Across Multiple Blockchains
Phemex hit by a $70M crypto hack targeting hot wallets on Ethereum, Solana, XRP, and Bitcoin. Withdrawals temporarily halted.
Binance Temporarily Halts Solana Withdrawals Over Network Congestion
Binance has temporarily halted Solana withdrawals due to high demand and network congestion. Services to resume soon.
Binance’s Massive Stablecoin Reserves: What’s Next for Bitcoin (BTC)?
Binance, the largest cryptocurrency exchange in terms of trading volume has just recorded a major achievement that may well determine the future of Bitcoin in the market. As of December 11th, Binance has seen its stablecoin holdings soaring to $31 billion from only $7 billion in June 2023. This almost fivefold increase in stablecoin reserves […]