Category: Exchanges


Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes


Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister ProposesIran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be […]


Korean Exchanges Delist High-risk Coins as They Face Tough Regulations


Korean Exchanges Delist High-risk Coins as They Face Tough RegulationsCrypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading Lists of Risky Digital Assets Trying to meet Seoul’s […]


Defi Derivatives Exchange Dydx Raises $65 Million – Project Plans to ‘Launch a Mobile Application’


Defi Derivatives Exchange Dydx Raises $65 Million - Project Plans to 'Launch a Mobile Application'The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic […]


India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case


India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering CaseIndia’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into Chinese owned illegal online betting applications,” the ED detailed. ED’s FEMA Investigation of Wazirx […]


Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market


Major Cryptocurrency Exchanges Explore Entering Indian Crypto MarketSeveral major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because everyone wants to be here,” said an […]


Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%


Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holding Soars 170%The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,” said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly […]


Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance


WeiboSina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]


‘Blogger by Day, Trader by Night,’ Binance Runs Advertising Campaign in Major Ukrainian Cities


‘Blogger by Day, Trader by Night,’ Binance Runs Advertising Campaign in Major Ukrainian CitiesAn advertising campaign across some of Ukraine’s most populous cities is now aiming to attract new traders to the world’s largest digital asset exchange, Binance. The Eastern European nation is known as a promising market and a leader in terms of cryptocurrency adoption. Binance Ads Appear on Trains and Trolleys in Ukraine Cryptocurrency exchange Binance […]


Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded


Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands DefraudedA class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of […]


Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods


localbitcoinsLocalbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained Bitcoin-only for some time. Localbitcoins Adds Bitcoin Cash […]


Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders


Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to the introduction of this new measure, Binance apparently allowed Zimbabwean nationals with non-Zimbabwean residential addresses […]


Tiger Brokers and Futu to Offer Crypto Trading Services Outside China


Tiger Brokers and Futu to Offer Crypto Trading Services Outside ChinaTwo Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers […]



Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains


Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their GainsAustralia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]


Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft


Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law DraftA new law draft approved just today by the Finance Commission of the Spanish Congress would make Spain-based custody services report the ownership of the cryptocurrencies under management. The law, which was stuck in Congress for some time, aims to close a gap in the legislation that allowed some users to bypass the requirements and […]


Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges


Dutch Central Bank Revokes Strict Verification Rules for Crypto ExchangesThe cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]


Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn


Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs WarnStartups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]


Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX


Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTXCrypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair Bolsonaro’s second term as head of state is far from certain. FTX Launches […]


Iranian Tax Agency to Profile Owners of Cryptocurrency Exchanges


Iranian Tax Agency to Profile Owners of Cryptocurrency ExchangesCryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on Crypto Trading Platforms […]


Bank of Korea to Monitor Crypto Transactions Using Financial Records


Bank of Korea to Monitor Crypto Transactions Using Financial RecordsSouth Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related […]



Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis


Bitcoin's Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote SatoshisMike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshis”. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?” Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin […]


South Korea to Crack Down on Phishing Websites Attacking Crypto Users


South Korea to Crack Down on Phishing Websites Attacking Crypto UsersSouth Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul Strengthens Monitoring of Crypto Phishing Scams Rising market prices have […]


Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales


Dogecoin Market Cap Nears $100B, Critics Blast 'Joke Coin,' Community Abuzz With Rumors of DOGE WhalesThe infamous meme-based cryptocurrency dogecoin is on the move again just before the upcoming Saturday Night Live episode featuring Elon Musk. While dogecoin is up 81% today a lot of cryptocurrency veterans have been warning newbies about the digital currency that was meant to be a joke. Meanwhile, others believe that dogecoin has a lot […]


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