Crypto Exchanges Archives

Crypto Exchanges

Korean Won Edges Out US Dollar as Top Fiat Currency in Crypto Trading

The South Korean Won (KRW) has lately eclipsed the US Dollar (USD) as the main fiat currency regarding trading volume on centralised exchanges, marking a significant shift in the global cryptocurrency industry. The Korean Won enabled transactions totalling more than $456 billion in the first quarter of 2024, according to recent research by the financial […]

Crypto Exchanges

Coinbase Seeks Early Appeal in SEC Case

With 73 million users, Coinbase is the biggest cryptocurrency exchange in the United States. It filed an interlocutory appeal in its high-stakes legal dispute with the US Securities and Exchange Commission (SEC). The motion, filed on April 12, asks for a judicial review of a critical legal issue supporting the SEC’s allegations that Coinbase functions […]

Crypto Exchanges

Paradigm Leads $225M Investment in Ethereum Rival Monad Labs

Venture capital company Paradigm led a $225 million fundraising round for Monad Labs, a new Layer 1 (L1) network ready to take on existing heavyweights like Ethereum and Solana, in a significant development for the blockchain space. With this funding, Monad Labs is taking an essential step towards its goal of redefining the blockchain industry […]

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US Authorities Relocate $2 Billion in Bitcoin Seized from Silk Road

Blockchain data from April 2 highlighted a transfer of over $2 billion in Bitcoin (BTC), revealing that a US Justice Department-affiliated wallet first made a modest test transaction before transferring a substantial sum of 30,174 BTC. The money that was moved represents part of the Bitcoin that was seized from James Zhong, who was found […]

Crypto Exchanges

Tether Achieves Major Security Milestone with SOC 2 Type 1 Audit

The well-known stablecoin issuer Tether has reached a significant milestone in its dedication to security and dependability by successfully completing the System Organisation Control (SOC) 2 Audit Type 1. The American Institute of Certified Public Accountants (AICPA) audit provides evidence of Tether’s robust IT control procedures and commitment to system security. Tether is reaffirming its […]

Crypto Exchanges

Nigeria’s Tax Evasion Charges Against Binance

Binance has been the target of a criminal investigation by the federal government for potential tax evasion. The action, filed on March 25 at the federal high court in Abuja by the Federal Inland Revenue Service (FIRS), attempts to uphold fiscal discipline and safeguard the nation’s economic integrity. Binance is accused of not meeting specific […]

Crypto Exchanges

Crypto Mixer Sentenced for $400M Laundering Scheme

Roman Sterlingov, the creator of Bitcoin Fog, was found guilty in a historic case by a federal court in Washington for his part in helping to launder more than $400 million. The money, mostly from darknet markets, was hidden by the Bitcoin mixing service and, therefore, practically untraceable. This verdict serves as a reminder of […]

Crypto Exchanges

VeChain (VET) Price Prediction by ChatGPT

The cryptocurrency industry is a speculative hotbed where enthusiasts and investors always look for ways to make significant returns. VeChain (VET) sticks out from the number of digital assets because of its emphasis on supply chain management and practical application. Everyone is wondering what the future holds for the price of VeChain as the first […]

Crypto Exchanges

What is Jupiter (JUP) Airdrop on Solana?

Jupiter, a decentralised exchange aggregator, is about to launch a massive airdrop of its JUP tokens on the Solana blockchain, marking a first for the digital financial space. This event, slated on January 31, 2024, is a significant airdrop for cryptocurrencies and is intended for about a million users of Solana wallets. The airdrop is […]

Crypto Exchanges

Coinbase might shift base from the US for regulatory reasons: CEO

Key highlights: The CEO of Coinbase has stated that the cryptocurrency exchange may move to a different location if there is no clear regulations in the U.S. According to Brian Armstrong, the crypto industry has the potential to flourish in the US market. The United States SEC recently issued a Wells Notice to Coinbase. Coinbase […]

Crypto Exchanges

SEC takes legal action against crypto exchange Bittrex and its ex-CEO

The US Securities and Exchange Commission (SEC) has taken legal action against crypto exchange Bittrex and its ex-CEO, William Shihara. Below are some key highlights: Bittrex and its former CEO are being sued by the Securities and Exchange Commission (SEC) for offering unregistered securities on the exchange. The SEC’s complaint claims that the platform provided […]

Crypto Exchanges

Decred introduces DCRDEX 0.6, the newest version of its DEX

Key Highlights: DCRDEX 0.6 is a significant improvement over the previous version. The DEX will operate without relying on intermediaries. It will provide users with an even better experience when trading digital assets. Decred today launches the latest iteration of its Decentralized Exchange (DCRDEX) 0.6. As Decred’s first on-chain DEX, DCRDEX allows users to trade […]

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