Cryptocurrency exchange KuCoin has agreed to pay $22 million to settle a lawsuit filed by the New York Attorney General (NYAG). The exchange was accused of operating in the state without proper registration. As part of the settlement, KuCoin will reimburse New York customers with $16.77 million and pay an additional $5.3 million to the […]
The ongoing bankruptcy case of FTX, a defunct crypto exchange, has taken a complex turn with the Internal Revenue Service (IRS) seeking around $24 billion from the exchange. This amount has been reduced from the initial claim of $44 billion filed by the IRS in April. FTX lawyers are disputing the method used by the […]
The XRP community has received positive news as one of the leading crypto storage platforms, Blockchain.com, has added support for the token. This follows a recent ruling by Judge Analisa Torres, which provided regulatory clarity for XRP.In a post on their platform, Blockchain.com announced that users can now store XRP in their wallets. This development […]
The Financial Services Commission (FSC) in South Korea has announced new regulations aimed at bolstering investor protection and promoting transparency in the cryptocurrency market. Under the revised regulations, investors in crypto assets will be entitled to receive interest payments on their deposits made through exchanges. This move is intended to ensure the adequate protection of […]
Binance, the world’s largest cryptocurrency exchange, has announced that it will no longer support trading pairs involving the Russian Ruble (RUB) on its platform starting from January 31, 2024. This decision is part of Binance’s strategy to exit the Russian market after selling its local division to CommEX.Earlier this year, Binance faced scrutiny from the […]
Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024. A federal judge determined that there is a flight risk if Zhao is allowed to return to the United Arab Emirates. The judge cited Zhao’s enormous wealth and property abroad, as well as his lack […]
Decentralized exchange Uniswap has successfully expanded its operations to the Bitcoin blockchain by integrating with the Rootstock sidechain. This integration is a significant milestone for both Uniswap and Bitcoin, as it opens up new possibilities for decentralized exchanges on the flagship blockchain.The deployment of Uniswap version 3 on Rootstock was led by GFX Labs, the […]
Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, on its platform. This makes SEAM the first Base Layer 2 token to be listed on Coinbase. Seamless Protocol is a decentralized lending and borrowing protocol that aims to expand access to decentralized finance (DeFi) by offering lower-collateral borrowing and focusing on […]
Conio, a digital asset wallet owned by Italy’s postal service and Banca Generali, has partnered with Coinbase to bring a wide range of crypto services to the Italian banking space. With over 400,000 customers, Conio will collaborate with Coinbase Prime to offer liquidity to institutional players and support more than 50 tokens.The partnership aims to […]
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. This investment is part of a $30 million Series B funding round for GFO-X, which aims to become a Financial Conduct Authority (FCA) regulated and centrally-cleared trading platform for […]
