Bitget, a top cryptocurrency derivatives and copy trading platform, has announced mandatory Know Your Customer (KYC) requirements coming into effect starting September 1, 2023. All new users will be required to complete KYC verification upon registration, while existing clients will have a grace period until September 30. The KYC requirements are intended to improve security […]
Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The Securities and Exchange Commission had sued the exchange and its […]
Binance.US has responded to regulatory pressure by transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. To facilitate transactions, the platform has introduced an enhanced Buy & Sell Crypto feature via its mobile app, which enables customers to transact with over 150 supported cryptocurrencies using USDT. Additionally, Binance.US has partnered with […]
The discussion around shortening local settlement cycles within the next five years has led to most securities firms looking into the potential of central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours. The survey […]
Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The breakdown with its banking partners resulted in the exchange’s fiat […]
Binance, the world’s leading cryptocurrency exchange, is facing allegations of operational ties in Russia, according to a report from the Wall Street Journal. Despite Binance’s confirmation of a reduction in its Russian operations to comply with European Union sanctions, data suggests that the exchange still has a persistent ruble trading presence on its platform. This […]
A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as […]
John Reed Stark, a former SEC enforcement official, has been vocal for months about his speculation that the US Department of Justice (DOJ) is about to take action against Binance. His latest claim is based on a Wall Street Journal report that reveals the exchange’s connections with sanctioned banks and its involvement in large-scale ruble-to-crypto […]
Titan Global Capital Management USA LLC has been accused of misleading investors by the SEC. The company allegedly advertised a hypothetical performance of their services leading to annualized gains as high as 2,700%, which was based on performances recorded over three weeks. They also used improper hedge clauses, customer signatures without their consent, and misled […]
Binance.US, a crypto exchange, has recently partnered with MoonPay, a payment startup, to provide customers with an alternative means to convert dollars into cryptocurrencies. This collaboration comes after the exchange has encountered many legal and financial obstacles due to heightened regulatory scrutiny, which has prevented customers from depositing or withdrawing dollars for over a month.MoonPay […]
