Exchange

A collection of 37 posts

Bitcoin

Coinbase Launches Bitcoin Loans for US with DeFi Backing

Coinbase has once again ventured into the realm of Bitcoin backed loans for its US customers, this time with a strategic twist. After discontinuing its previous crypto lending program in 2023 due to regulatory pressures and waning demand, Coinbase has now partnered with Morpho, a decentralized finance (DeFi) protocol, to

Legal

US Government Orders Return of Seized Bitcoin to Bitfinex from 2016 Hack

The United States government has mandated the return of over 94,000 Bitcoins, seized after the infamous 2016 Bitfinex exchange hack, back to the exchange itself. This decision comes as part of an "in-kind restitution" process, highlighting a significant development in the legal treatment of digital assets. A

Crypto

Consumer Financial Protection Bureau Suggests Refunds for Hacked Crypto Users

The Consumer Financial Protection Bureau (CFPB) has recently unveiled a proposal that could significantly alter the landscape of digital asset protection, aligning them closely with the security measures afforded to traditional bank (TradFi) account holders. Under this proposed rule, cryptocurrency service providers such as exchanges might be obligated to refund

Solana

Raydium DEX Expands Trading Capabilities with New Perpetual Futures on Solana

The world of DeFi on the Solana blockchain has taken a significant step forward with Raydium's latest endeavor. Raydium, known as one of the largest decentralized exchanges (DEXs) on Solana, has now introduced a beta version of perpetual futures trading. This move not only broadens the trading options

Bitcoin

Bitfinex Shifts Derivatives Operations to Bitcoin Friendly El Salvador

In a significant move that underscores the growing acceptance of digital assets, Bitfinex Derivatives exchange has announced its relocation to El Salvador, following the acquisition of a Digital Asset Service Provider (DASP) license in the country in 2023. This strategic shift not only marks a new chapter for the company

Crypto

KuCoin's New Payment Solution Transforms Merchant Transactions

Cryptocurrency exchange KuCoin has unveiled a new payment platform, KuCoin Pay, which aims to transform how merchants accept crypto payments. This new initiative is set to simplify the process, making cryptocurrency transactions as commonplace as traditional ones. KuCoin Pay seamlessly integrates with the KuCoin app, which boasts a user base

Crypto

BBVA Expands Crypto Trading in Europe with New MiCA Regulations

In a significant move towards embracing cryptocurrencies, Banco Bilbao Vizcaya Argentaria (BBVA), one of Spain's leading banks, is set to introduce cryptocurrency trading services across Europe. This expansion is facilitated through its subsidiary, Garanti BBVA Kripto, a platform previously known for its crypto custody services. The initiative leverages

Crypto

Morgan Stanley to Offer Crypto Trading Once Trump Gets Into Office

In a move that could shake up the crypto landscape, Morgan Stanley's online brokerage, E-Trade, is reportedly considering diving into the world of digital asset trading. This strategic shift comes at a time when expectations of a more favorable regulatory environment under the Trump administration are gaining traction,

Exchange

CoinEx Celebrates 7th Anniversary, Haipo Yang Does AMA, Shares Future Plans

Celebrating its 7th anniversary, the crypto exchange CoinEx hosted an enlightening AMA session on Telegram, where the CEO delved into the platform's past achievements, current developments, and future aspirations. This session was not just a reflection but a testament to CoinEx's commitment to its users and

Legal

Former Bithumb Crypto Exchange CEO Sentenced to Two Years in Prison

In a dramatic twist that feels straight out of a financial thriller, a South Korean court has recently sentenced the former CEO of Bithumb, one of the nation's premier crypto exchanges, and a celebrated golfer to prison for their parts in a complex scheme of bribery and market

DeFi

What the New IRS Regulations Mean for Crypto and DeFi

The U.S. Internal Revenue Service (IRS) has introduced new tax regulations set to take effect in 2027, which will significantly impact decentralized finance (DeFi) platforms. These rules mandate that DeFi brokers report all gross proceeds from digital asset sales and gather extensive user information, including names and addresses. This

Crypto

Report Reveals One Third of South Korea Now Holds Cryptocurrency

The crypto fever in South Korea has reached extraordinary levels, with a staggering one in three citizens now holding digital currencies. This surge reflects a broader trend of increasing acceptance and enthusiasm for cryptocurrencies, propelled by recent political developments and a general optimism in the market. The Bank of Korea

Prediction Markets

Crypto.com Takes On Polymarket Prediction Market with Sports Betting

Crypto.com is making headlines by expanding its services into the realm of sports prediction markets, a move that echoes the success seen by platforms like Polymarket during high-stakes events such as the U.S. presidential elections. The company has launched "Sports Event Trading," a feature that invites

Hack

Ilya Lichtenstein's Jailhouse Confession With Promises of Redemption

In a striking turn of events, Ilya Lichtenstein, the man convicted for the notorious 2016 Bitfinex hack, has released a video confession from prison, admitting his guilt and outlining a path towards redemption. This confession, made public this morning December 19, not only sheds light on the mechanics of one

Exchange

Crypto.com Partners with Deutsche Bank to Revolutionize Financial Services in Asia-Pacific

In a strategic move to bolster its presence in the Asia-Pacific region, Crypto.com has entered into a significant partnership with Deutsche Bank. This collaboration is set to enhance the provision of corporate banking services across key markets like Singapore, Australia, and Hong Kong. The partnership signifies a blending of

Markets

eToro Teams Up with Goldman Sachs for Anticipated U.S. IPO

eToro, a well known platform for trading stocks and cryptocurrencies, has embarked on a significant journey towards an initial public offering (IPO) in the United States. The company has enlisted the expertise of Goldman Sachs, a titan in investment banking, to navigate this transition. According to a report from Bloomberg,

Binance

Binance Launches Bitcoin Staking Through Babylon For Passive Income

Binance has taken another bold step by introducing a feature that could significantly alter how investors view their Bitcoin holdings. With the launch of Babylon Bitcoin Staking, the platform is not just offering a new way to earn passive income; it's setting a precedent for transparency and efficiency

Crypto

South Korea's Martial Law Shakes Up Cryptocurrency Market

The sudden declaration of martial law by South Korean President Yoon Suk Yeol has sent ripples of uncertainty through the global cryptocurrency market, igniting a chaotic response in trading activity and price volatility. This unexpected political maneuver has not only destabilized the financial markets but has also put a spotlight

Exchange

BitGo Unveils Retail Crypto Platform for Individual Users

BitGo, a name synonymous with security in the realm of digital assets, has now opened its doors to the everyday retail investor. Traditionally known for its robust institutional services, BitGo is now venturing into the retail sector with a platform designed to cater to the needs of individual users. This

Bitcoin

DMM Bitcoin Exchange Closes Down After $300 Million Hack Impact

In a significant turn of events for the cryptocurrency sector in Japan, DMM Bitcoin exchange, once a prominent player, has announced it will terminate its operations by March 2025. This decision comes in the wake of a devastating hack that saw the theft of 4,502.9 BTC, valued at

Bitcoin

US Government Transferred Nearly $2 Billion in Seized Silk Road Bitcoin to Coinbase

In a move that has sent ripples through the cryptocurrency market today, the United States government recently moved nearly $2 billion in Bitcoin from the notorious Silk Road seizure to Coinbase, one of America's largest digital asset exchanges. This significant transfer of 19,800 BTC, which equates to

Coinbase

Coinbase Integrates Apple Pay for Seamless Crypto Purchases

In a big move to streamline cryptocurrency acquisition, Coinbase has unveiled a new feature that allows users to leverage Apple Pay for direct fiat-to-crypto transactions. This integration is part of Coinbase's Onramp service, designed to simplify the process of diving into the world of digital currencies. The introduction

FTX

Caroline Ellison's Prison Term Reduced by Three Months in FTX Scandal

Caroline Ellison, once the romantic partner of disgraced FTX founder Sam Bankman-Fried, has seen her prison sentence shortened by three months, according to recent reports. Ellison, who was the head of Bankman-Fried's now-defunct Alameda Research, began her two-year sentence at the Danbury Federal Correctional Institute in Connecticut on

Exchange

Japan's Financial Watchdog Warns Bybit, KuCoin, and Other Exchanges Over Regulatory Violations

Japan's Financial Services Agency (FSA) has taken a firm stance against five major overseas cryptocurrency exchanges for operating within the country's borders without the necessary registration. The exchanges in question include Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC. This move by the

Binance

Former Binance Executive Sues for Whistleblowing Amid Bribery Allegations

Amrita Srivastava, once a senior employee at Binance, has brought a whistleblower claim to the UK courts, alleging she was unfairly dismissed after exposing a bribe solicited by a colleague to favor a specific customer. Srivastava, who was based in London and worked remotely on Binance’s Link platform, connecting