Tag: cryptocurrency exchange

Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle

The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax. The situation...

Adieu to Leveraged Tokens: Binance Announces Strategic Shift Amidst Crypto Market Changes

Binance is charting a new course by announcing the cessation of select leveraged tokens. Leveraged tokens like the BLTs facing sunset are intricate...

FTX Bankruptcy Filings Expose $53,000 Per Hour Drain on Legal Advisors

Cryptocurrency exchange FTX, now defunct, faced substantial legal costs, burning through $53,000 per hour on bankruptcy lawyers and advisers. Court filings from December...

Binance Faces Three-Month Ban in the Philippines

The head of the Philippines SEC, Kelvin Lee, clarified that the ban on Binance would take effect three months after the advisory was...

FTX Bankruptcy After-Effects Blurs Intricacies of the Proposed Reorganization Plan

The FTX bankruptcy proceedings and the proposed reorganization plan by the Official Committee of Unsecured Creditors stand as a critical juncture in the...

HashKey Exchange Invites Individual and Enterprise Market Makers to Boost Liquidity

HashKey, a licensed crypto exchange in Hong Kong, is set to allow individual and enterprise market makers to provide liquidity, aiming to deepen...

Crypto Landscape Rattled: Binance CEO CZ’s Shocking Plea Deal

Binance founder Changpeng "CZ" Zhao has stepped down as CEO amidst a reported $4.3 billion settlement with the U.S. Department of Justice (DOJ). ...

Binance Appoints Richard Teng as CEO Amid Legal Challenges and Leadership Transition

Changpeng Zhao stepped down as the Binance CEO on Tuesday after pleading guilty to charges levied against him by the U.S. Department of...

National Australia Bank boycott cryptocurrency over scam risk claims

National Australia Bank (NAB) will block payments to certain cryptocurrency platforms due to high scam risk Other major Australian banks have also blocked...

MasterCard launches CryptoSecure, a new addition to blockchain security

Mastercard has introduced a new piece of secure crypto software that will assist banks in identifying and blocking transactions from fraudulent crypto exchanges ...

Wintermute’s DeFi operations compromised after a US$160 million crypto hack

Wintermute debuted in 2017, with its main focus on digital asset markets and supported and served many blockchain-based projects as well as Over-The-Counter(OTC)...

USD Coin: A stablecoin that aims to stabilize crypto volatility

USD Coin is a cryptocurrency whose value is directly tied to the US dollar. This makes it a stablecoin with a theoretical value...