Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX. The transition will last one year, and Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business. Binance CEO Changpeng Zhao says the company will […]
Customers of the now bankrupt cryptocurrency lending platform BlockFi are closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing. The amount of repayment received by BlockFi’s unsecured creditors will […]
HTX Global, a major cryptocurrency exchange, recently faced an $8 million Ethereum (ETH) breach. Justin Sun, the exchange’s advisor, responded swiftly and reassured the community that the platform prioritizes the security of user assets. To address the situation, HTX Global has introduced a series of initiatives, including a Secure Asset Fund for Users (SAFU) and […]
MoneyGram, a leading payments company, will launch a non-custodial crypto wallet during the first quarter of next year. The wallet will leverage the Stellar network and MoneyGram’s fiat on and off-ramp services to revolutionize cross-border payments and allow customers to transact effortlessly with digital assets and fiat currencies. Transactions on the digital wallet will be […]
Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The exchange has already opened an office at the Cyber Hub at Campus Cyber Greens and has seen its employee count grow to over 70 people. The investment […]
Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The Gurgaon-based hub, which opened in May, currently employs over 70 people and is looking to hire more in compliance, software engineering and support.The investment will be used […]
Binance Japan Inc. and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the possibility of issuing a stablecoin in Japan by the end of 2024. The stablecoin will be pegged to fiat currencies, including the Japanese Yen and other foreign currencies. Binance Japan recently acquired a 100% stake in Sakura Exchange BitCoin (SEBC), a […]
Binance, the world’s largest crypto exchange, is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. The two companies plan to use a platform called “Progmat Coin” to issue yen and other fiat stablecoins in accordance with Japan’s recently revised and enforced […]
Just days before Sam Bankman-Fried’s trial in the US, British broadcaster BBC is airing an investigative piece on the disgraced “crypto king”. The documentary, titled “Downfall of the Crypto King”, will air on BBC’s Panorama for eleven months. It will focus on the rise and fall of Bankman-Fried, who was the CEO of FTX, the […]
Just days before Sam Bankman-Fried’s trial in the US, British broadcaster BBC is airing an investigative piece on the disgraced “crypto king”. The documentary, titled “Downfall of the Crypto King”, will air on BBC’s Panorama for eleven months. It will focus on the rise and fall of Bankman-Fried, who was the CEO of FTX, the […]
