The cryptocurrency exchange is moving on as its founder spends time in prison The world’s biggest cryptocurrency exchange by daily volume, Binance, announced on social media on June 8 that it now serves 200 million users worldwide. This is by far the most users among any global crypto exchange. Binance celebrated the milestone across social
The cryptocurrency exchange hasn’t yet explained why the platform suddenly went down The Coinbase cryptocurrency exchange suffered a major outage on May 14. No reason has been given for the system-wide shutdown that lasted over three hours, and many users are still unable to transfer funds on the exchange. Coinbase said it’s continuing its investigation into the incident. Coinbase announced
Binance will be closely monitored to ensure it complies with financial regulations The Department of Justice (DOJ) has mandated that Binance, the world’s largest cryptocurrency exchange, remain under regulatory review by the Forensic Risk Alliance (FRA) for a period of three years. This directive follows a series of investigations that revealed Binance’s involvement in anti-money
BlockFi will completely shut down, but users could be able to make claims through Coinbase BlockFi recently announced a new partnership with Coinbase to allow customers to make withdrawals from their accounts. The bankrupt crypto lender is in the process of shutting down its online platform, which will be completed in May. BlockFi was forced to file for bankruptcy
The exchange gives UK users a new look at the cryptocurrency markets Global neobank and Fintech firm Revolut recently entered the cryptocurrency space after introducing their new crypto trading platform to retail consumers in the UK. The company announced the launch of its Revolut X platform in a press release on May 7. This platform
The cryptocurrency exchange reports it earned as much in Q1 as it did for all of 2023 Coinbase is reporting a significant resurgence in the first quarter of 2024. An upswing in market activity and the highly-anticipated launch of Bitcoin exchange-traded funds (ETFs) largely fueled the crypto exchange’s recent performance. In the first quarter, Coinbase
Hong Kong crypto exchange BitForex is reportedly holding millions of its users’ funds The BitForex cryptocurrency exchange has suspended withdrawals for at least the past three days without any reason given. The exchange has also reportedly stopped talking to its customers, leaving them wondering about their funds. On-chain investigator ZachXBT said in a February 23
Alaska and Florida tell the exchange that it’s not welcome in their states Binance.US cryptocurrency exchange is still under pressure from US regulators in the wake of the former CEO Changpeng Zhao’s guilty plea. Florida and Alaska regulators have communicated to Binance.US that the firm can no longer serve residents in their states, according to
Criminals are using AllaKore RAT to access company databases and computers Blackberry’s research and intelligence division recently identified and cautioned about cyber attackers targeting multiple prominent Mexican banks and crypto exchanges. The report recognized an attack that tried to swipe sensitive user data from banks and crypto trading services using AllaKore RAT, an open-source remote
The two financial investment groups want to publicly trade the crypto funds While they wait for a decision from the US Securities and Exchange Commission (SEC), Grayscale Investments and VanEck asset managers have filed notifications with the regulator revealing they plan to register shares of a spot Bitcoin exchange-traded fund onto public stock exchanges. The
The exchange’s founders face charges of running an unlicensed money services company Only weeks after its co-founder arranged to disband the crypto exchange as part of his guilty plea in a Brooklyn court, Bitzlato announced it must “temporarily suspend” all Bitcoin withdrawals. In a December 27 post on its Telegram channel, the firm asserted this
Another crypto exchange succumbs to the greed of a few criminals The leaders of the JPEX crypto exchange are still on the run, and Hong Kong police have enlisted Interpol’s help to locate the suspects. The masterminds behind the crypto exchange scandal, said by many to be the biggest financial fraud ever to hit Hong
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