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  • crypto-exchange-blockfi-secures-$250m-credit-from-ftx-amid-bear-market

    Crypto exchange BlockFi secures $250M credit from FTX amid bear market

    At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.Today @BlockFi signed a term sheet with @FTX_Official to… More

  • huobi-crypto-exchange-wins-licenses-in-dubai-and-new-zealand-as-thai-affiliate-closes

    Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes

    Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand. Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates.On Friday, Huobi Group obtained the Innovation License under the Dubai International Financial Centre (DIFC), securing… More

  • cloudflare-outage-affects-multiple-crypto-exchanges
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    Cloudflare outage affects multiple crypto exchanges

    Users attempting to visit certain websites were met with a “500 Internal Server Error” notice due to a Cloudflare outage. Cloudflare, a significant infrastructure provider for the internet, recently experienced widespread problems, leaving many crypto exchanges down.The content delivery network (CDN) confirmed via an update posted on Tuesday that it is experiencing issues with its… More

  • ftx-plans-to-acquire-crypto-exchange-bitvo-as-part-of-move-into-canadian-market
    in ,

    FTX plans to acquire crypto exchange Bitvo as part of move into Canadian market

    The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022. Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canadian crypto platform Bitvo.In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of… More

  • binance-resumes-withdrawals-as-many-retail-crypto-investors-monitor-exchanges
    in ,

    Binance resumes withdrawals as many retail crypto investors monitor exchanges

    Many social media users seem to be waiting for other crypto exchanges, including Coinbase and Kraken, to follow in Binance’s and Celsius’ footsteps by suspending withdrawals. Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility. In an update during what many are calling cryptocurrency’s… More

  • binance-reportedly-halts-crypto-derivatives-service-in-spain

    Binance reportedly halts crypto derivatives service in Spain

    Binance is expected to reintroduce the derivatives option only after receiving regulatory approval in the form of a guarantee certificate from the Bank of Spain. Binance stands as one of the most persistent crypto exchanges when it comes to gaining regulatory approval and operational licenses from regulators across the world. In this effort to operate… More

  • belgian-financial-regulator-fsma-to-regulate-crypto-exchange-services

    Belgian financial regulator FSMA to regulate crypto exchange services

    Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725, or 50,000 euros. A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region… More

  • coinbase-ceo-responds-to-insider-trading-allegations-with-changes-for-token-listings
    in , ,

    Coinbase CEO responds to insider trading allegations with changes for token listings

    “There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” said Brian Armstrong. After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.In a… More

  • ukraine-bans-bitcoin-purchases-with-local-currency-amid-martial-law
    in ,

    Ukraine bans Bitcoin purchases with local currency amid martial law

    Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300. The National Bank of Ukraine (NBU) continues taking measures to prevent capital outflows amid martial law by enforcing major restrictions on cryptocurrency purchases.The Ukrainian central bank officially announced Thursday a set of restrictions on cross-border operations, prohibiting individuals… More

  • crypto-firm-exmo-exits-russia-and-belarus-by-selling-part-of-its-business

    Crypto firm Exmo exits Russia and Belarus by selling part of its business

    Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan. London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine.Exmo is selling its digital asset business in Russia and Belarus to a Russia-based software… More

  • indicators-flash-bullish-on-coti-ahead-of-its-mainnet-and-djed-stablecoin-launch
    in ,

    Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

    COTI turns bullish after increased integration with the Cardano ecosystem and the upcoming launch of MultiDAG 2.0 and the Djed stablecoin reflect strengthening fundamentals. Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology… More

  • number-of-uk-crypto-firms-operating-under-fca-temporary-registration-status-drops

    Number of UK crypto firms operating under FCA temporary registration status drops

    The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday… More

  • binance​us-completes-$200m-seed-round-to-hit-$4.5b-valuation

    Binance​.US completes $200M seed round to hit $4.5B valuation

    After launching in 2019, Binance.US has reached a pre-money valuation of $4.5 billion and rolled out services in 48 states and eight territories. Binance​.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures.Binance.US has raised more than $200 million in… More

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