Binance’s New CEO Richard Teng Looks to the Future, Leaving Compliance Gaps Behind

Binance, the world’s largest cryptocurrency exchange, has announced Richard Teng as its new CEO. Teng, previously the head of regional markets for Binance, has taken over from Changpeng ‘CZ’ Zhao, who stepped down following charges from the U.S. Department of Justice. Teng’s main focus is on ensuring compliance and has invested in building a strong […]

Crypto Custody Goes Global: Linking Custodians and Exchanges Across Borders

In the world of cryptocurrency custody, a new trend is emerging – the concept of multiple custodians working together. This can be seen as the third generation of crypto custody. The idea is that custodians from different countries can collaborate and provide services to clients who want to store their assets in a different location. […]

Crypto Custody Goes Global: Linking Custodians and Exchanges Across Borders

In the world of cryptocurrency custody, a new trend is emerging – the concept of multiple custodians working together. This can be seen as the third generation of crypto custody. The idea is that custodians from different countries can collaborate and provide services to clients who want to store their assets in a different location. […]

Bitcoin Hits New High for 2023, Ethereum ETF Application Open for Public Comments, Binance to Phase Out BUSD, and More

Bitcoin has reached a new high for the year, surpassing $39,500, which has brought joy to crypto enthusiasts and investors worldwide. In November, MicroStrategy, the largest corporate holder of Bitcoin, purchased around 16,139 BTC worth approximately $608 million at current prices. The US Securities and Exchange Commission (SEC) has opened the floor for public comments […]

Bitcoin Hits New High for 2023, Ethereum ETF Application Open for Public Comments, Binance to Phase Out BUSD, and More

Bitcoin has reached a new high for the year, surpassing $39,500, which has brought joy to crypto enthusiasts and investors worldwide. In November, MicroStrategy, the largest corporate holder of Bitcoin, purchased around 16,139 BTC worth approximately $608 million at current prices. The US Securities and Exchange Commission (SEC) has opened the floor for public comments […]

Hashdex Submits Revised Spot Bitcoin ETF Proposal Ahead of SEC Decision

Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]

Hashdex Submits Revised Spot Bitcoin ETF Proposal Ahead of SEC Decision

Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]

Crypto Trading Platform Hounax Accused of Scamming Hong Kong Investors, Resulting in $15 Million Loss

Hounax, a crypto trading platform, is accused of scamming Hong Kong investors and causing them to lose over $15 million. The alleged scam involved around 131 investors, with the largest reported loss being $1.54 million. The scammers built trust with the victims and even demonstrated the ability to withdraw funds from the platform. However, after […]

Crypto Trading Platform Hounax Accused of Scamming Hong Kong Investors, Resulting in $15 Million Loss

Hounax, a crypto trading platform, is accused of scamming Hong Kong investors and causing them to lose over $15 million. The alleged scam involved around 131 investors, with the largest reported loss being $1.54 million. The scammers built trust with the victims and even demonstrated the ability to withdraw funds from the platform. However, after […]

Binance Representatives Allegedly Tipped Off VIP Traders About Impending DOJ Settlement

Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]