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Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

Binance is under heightened scrutiny in Nigeria, with allegations of contributing to the naira's devaluation, challenging the crypto exchange's regulatory dialogues.

Binance set to reenter Japanese crypto market

Binance set to reenter Japanese crypto market

Binance is set to reenter the Japanese crypto market after acquiring the regulated crypto exchange platform, Sakura Exchange Bitcoin (SEBC). The SEBC platform will terminate its current crypto exchange and brokerage services by May 31, 2023, and reopen as Binance Japan in June. Binance had to fold its Japan operations in 2018 after regulatory warnings, but has since mended relations with regulators and reentered other markets through acquisitions.

India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship

India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship

WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash

Huobi Group Secures Regulatory Approval to Trade in the British Virgin Islands

Huobi Group Secures Regulatory Approval to Trade in the British Virgin Islands

Huobi Group will be one of the first digital assets trading platforms to be given permission to run regulated trading services in the British Virgin Islands (BVI)

Kraken’s Subsidiary Becomes the First Licensed Derivatives Platform to Offer Leveraged Crypto in the EU

Kraken’s Subsidiary Becomes the First Licensed Derivatives Platform to Offer Leveraged Crypto in the EU

Kraken Futures, a subsidiary of Kraken, also known as Crypto Facilities has announced it had been granted a Multilateral Trading Facility (MTF) license from the United Kingdom’s Financial Conduct Authority (FCA).

Crypto Exchange Bitstamp to Suspend Trading AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL

Crypto Exchange Bitstamp to Suspend Trading AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL

Bitstamp will halt U.S. trading of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL from August 29, 2023, amid regulatory considerations and expansion plans.

Bitcoin Exits OKEx Exchange in Droves as Withdrawal Service Reopens

Bitcoin Exits OKEx Exchange in Droves as Withdrawal Service Reopens

OKEx users have withdrawn 2,822 Bitcoin (BTC) from the exchange within 15 minutes of withdrawal services reopening after they were suspended due to an investigation.

Crypto Exchange Bittrex Settles with SEC for $24 Million

Crypto Exchange Bittrex Settles with SEC for $24 Million

Bittrex settles with the SEC for $24 million over charges of operating as an unregistered broker and exchange.

FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO

FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO

Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.

Bybit suspends USD bank transfers amid service outages

Bybit suspends USD bank transfers amid service outages

Dubai-based crypto exchange Bybit has temporarily suspended USD deposits via bank transfers due to "service outages from a partner." Users can still withdraw funds through wire transfers until March 10, but are encouraged to do so as soon as possible to avoid potential disruptions. Bybit has exposure to the bankrupt crypto lender Genesis Global Trading and claims all client funds are safe and secure.

HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading

HashKey Launches as HK's First Licensed Retail Crypto Exchange, Begins BTC and ETH Trading

HashKey Exchange, Hong Kong's first licensed retail virtual asset exchange, launched on 28 August 2023, offering direct bank transfers in USD and HKD, initial fiat trading pairs, and strict compliance with the Hong Kong Securities and Futures Commission.

FTX Crypto Exchange Suspends Claims Portal Access After Kroll Data Breach

FTX Crypto Exchange Suspends Claims Portal Access After Kroll Data Breach

FTX temporarily suspends user access to its claims portal following a cybersecurity breach at Kroll, overseeing FTX's bankruptcy proceedings. The breach exposed non-sensitive data of claimants. FTX remains confident in infrastructure security and advises affected individuals on precautionary measures.

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