On Thursday, March 23, creditors of the defunct cryptocurrency exchange FTX submitted a petition to the bankruptcy court requesting a 95 million dollar share in the Web3 company Mysten Labs, based in Delaware. The cryptocurrency trading platform FTX has managed to stay afloat to make good on its promise to compensate consumers who were adversely … Read more
The demand for hazardous assets, such as Bitcoin, has seen a considerable increase recently due to rising global hyperinflation and the fear of a worldwide banking catastrophe. In mainland China, the trading of cryptocurrencies has been illegal since 2017, and the ownership of digital assets such as Bitcoin was made illegal in 2021. Despite this, … Read more
Coinbase Global Inc, a cryptocurrency exchange, contended on Tuesday, March 21, before the United States Supreme Court that its present conflicts on pushing clients into arbitration must effectively freeze the courts while the issues are being played out. This new legal precedent for digital assets was handed down by the industry’s top court as a … Read more
Customers of Coinbase Global Inc. have been advised that the company would discontinue its support for the real-time payment network known as Signet, which is operated by Signature Bank. According to a report (1) by the Wall Street Journal (WSJ), Coinbase notified its customers that the payment network of the defunct Signature Bank would no … Read more
Kaiko, a French company that provides statistics on the crypto market, will relocate its base from Singapore to Hong Kong to take advantage of the better opportunities available in the future center for Web3 enterprises. It was revealed in an interview with Ambre Soubiran, the Chief Executive Officer of Kaiko, that the company would be … Read more
After the confirmation by the Wall Street investment company Jefferies that it is in discussions with a prospective buyer for the failing FTX exchange, it is possible that plans to establish FTX 2.0 may begin to take shape gradually. After being ordered to cease operations by the relevant authorities, the exchange is anticipated to recommence … Read more
By extending its services to the BNB Chain, Uniswap will be able to provide its customer base with a network that charges cheaper costs for individual transactions. It is possible that Uniswap has recently officially started on the BNB Chain network that Binance built as part of its ambitions to boost the availability and liquidity … Read more
The practice of purchasing digital assets has been simplified due to Coinbase, one of the major cryptocurrency exchanges in the world, opening up the transfer of cash to and from wallets through local banks. The revelation comes at a pretty unfavorable time for the markets, which are fighting to maintain their buoyancy due to concerns … Read more
Coinbase also mentioned that consumers would have the choice to cash out their existing BUSD holdings at any time of their choosing. The cryptocurrency exchange, Coinbase has made it public (1) that trading in BUSD has been halted on its platform. We have disabled trading for Binance USD (BUSD). Your BUSD funds will remain accessible … Read more
The world’s largest cryptocurrency trading platform, Binance, has temporarily put “on hold” its plans to acquire the massive cryptocurrency media outlet CoinDesk, which is a part of the Digital Currency Group (DCG). According to a report (1) that cites unnamed sources, the transaction was supposed to be carried out by Binance Capital Markets (BCM) through … Read more