Reports suggest that the suspension will likely last for a few weeks.Binance is planning to suspend US dollar (USD) deposits and withdrawals on its platform, according to Twitter-based prominent finance media outlet Tier10k. The notable media account disclosed that the suspension is expected to last for some weeks, citing people
Binance launches a tool helping customers to formulate their crypto tax reports. Binance, the largest cryptocurrency exchange in terms of daily trading volumes, has introduced a crypto tax calculator called “Binance Tax.” According to the announcement published on February 6th, the tool is currently available only to Canadian and French
The crypto blogger claimed that bids are “for the most part, abandoned.” Tiffany Fong, an American crypto YouTuber and blogger, leaked a list of companies that have allegedly placed bids for Celsius Network crypto assets. According to the blog post shared on January 26th, five companies were bidding for Celsius
Digital asset exchange Binance has agreed to help Georgia to develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading coin trading platform has been expanding its presence in the region with similar projects in other countries. Binance and Georgian Tech Agency to Jointly Develop Country’s Crypto
This information was sent to customers by the corporation on February 3 via its Twitter account in the form of a message. The cryptocurrency exchange known as tZERO is mostly owned by Overstock, and its last day of business will be March 6th of this year. As a result of
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets
Binance reportedly acquired a “meaningful” amount of GOPAX shares. Binance, the largest cryptocurrency exchange in terms of daily trading volumes, has invested in the South Korean crypto exchange GOPAX. According to the announcement shared on February 3rd, the investment was made through Binance’s Industry Recovery Initiative (IRI). Did you know?
The offices of South Korean cryptocurrency exchange Bithumb were raided by the Seoul Southern District Prosecutor’s Office. The unexpected show-up is a part of an ongoing investigation into market manipulation of a coin listed on the exchange. According to local sources, the specific coin in question has not been identified.
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation
FTX encourages investors to stay alert and critically evaluate presented information. FTX, a now-bankrupt cryptocurrency exchange established by Sam Bankman-Fried and Gary Wang, has warned customers about third-party scams and frauds. According to the alert shared on Twitter on February 2nd, the company is aware of the recent increase in
Crypto exchange Kraken decided to lock the doors of its Abu Dhabi office. Kraken, a United States–based cryptocurrency exchange and bank established in 2011, is reportedly closing down its Abu Dhabi office. According to the Bloomberg report shared on February 2nd, the shutdown of Kraken’s Abu Dhabi office affected at
The recent arrest proves that South Korean officials are eager to solve Bithumb’s fraud case. Kang Jong-Hyun, the owner and former chairman of the cryptocurrency exchange Bithumb, was arrested by South Korean officials. According to the South Korean news portal jtbc, the man was arrested on February 2nd over the