CRYPTOCURRENCY EXCHANGE
An exchange that allows users to process cryptocurrency and cryptocurrency-related instruments transactions, such as buying, selling, depositing, and withdrawing their assets. There are usually two main types of exchanges available at present, one type that allows users to exchange their fiat currencies for cryptocurrencies and another that only allows users to exchange cryptocurrencies with other cryptocurrencies. Exchanges can also be either centralized or decentralized, depending on the custody and the amount of control the operator of the exchange can exercise on the transactions.
KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses
KuCoin, along with its founders Chun Gan and Ke Tang, has been charged with violating the Bank Secrecy Act and operating an unlicensed money transmission business, allegedly allowing its platform to be used for money laundering and terrorist financing.
More DetailsHong Kong's SFC Warns Public of Suspected Fraud by Crypto Exchange Bitforex
Hong Kong Securities and Futures Commission (SFC), Bitforex, virtual asset fraud, cryptocurrency exchange, investor protection, suspicious activity, regulatory compliance, user complaints, hot wallet outflows.
More DetailsBithumb Designates Velo Protocol's VELO as Investment Cautionary Cryptocurrency
Bithumb designates Velo Protocol's VELO a cautionary cryptocurrency over transparency concerns, halting deposits starting 2/22. Bithumb to reevaluate status in March.
More DetailsDemystifying the World of Cryptocurrency Exchanges and Investments
Cryptocurrency exchanges revolutionize digital finance by offering services like futures trading, staking, and savings accounts, with potential AI and machine learning integrations. They provide a seamless user experience.
More DetailsFTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
More DetailsHashKey Group Secures $100 Million in Series A Funding
HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.
More DetailsFTX Debtors Propose Litigation Settlement Over $220 Million Embed Acquisition
FTX debtors propose a $220M litigation settlement over their Embed acquisition, involving ex-CEO Sam Bankman-Fried, with the aim of recovering the full investment.
More DetailsRichard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition
Richard Teng, Binance's new CEO, prioritizes user protection and appeal amid leadership changes following Changpeng Zhao's resignation and $4.3 billion legal settlement for anti-money laundering violations.
More DetailsHuobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users
Huobi HTX pledges to compensate users affected by a $30 million hack, ensuring minimal impact and enhanced security measures, as part of a series of attacks on Justin Sun's entities.
More DetailsBittrex Global to End Trading on Dec 4, 2023
Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.
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