Biktub, Thailand’s Biggest Crypto Exchange, Hiring Advisers for 2025 IPO

Biktub, Thailand’s Biggest Crypto Exchange, Hiring Advisers for 2025 IPO

Bitkub Capital Group Holdings, the owner of Thailand’s biggest crypto exchange, is planning an initial public offering for 2025, Chief Executive Officer Jirayut Srupsrisopa said in an interview on Monday. Jirayut said Bitkub plans to go public on the Stock Exchange of Thailand in an effort to boost the company’s…

KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says

KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says

US prosecutors charged KuCoin, one of the world’s largest cryptocurrency exchanges, and two of its founders for failing to comply with American anti-money laundering rules. Since KuCoin’s inception in September 2017, the exchange “willfully failed” to establish and maintain a program to keep the platform from being used for illicit…

Coinbase Crypto Exchange, US SEC Lock Horns in US Court Over Digital Assets as Securities

Coinbase Crypto Exchange, US SEC Lock Horns in US Court Over Digital Assets as Securities

A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets are securities, in a case closely watched by the cryptocurrency industry. Coinbase has asked the court to dismiss the Securities and Exchange Commission’s lawsuit alleging the…

Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil

Binance Withdraws Abu Dhabi Licence Bid as Crypto Exhange Reassesses Global Structure After CEO Turmoil

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi’s financial regulator, a spokesperson for Binance said on Thursday. The…

Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe

Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors…

Bitget to Strategically Infuse $10 Million into Promising Indian Crypto Startups

Bitget to Strategically Infuse $10 Million into Promising Indian Crypto Startups

The Indian crypto ecosystem, that has been acclaimed for showing the fastest grassroot level crypto adoption in the world, is garnering the attention of prominent international industry players. Bitget crypto trading platform, for instance, has shown an inclination in funding promising crypto startups emerging from India. The latest edition of…

Giottus Exchange Announces India’s First Zero-Fee Crypto Trades for Users: Details

Giottus Exchange Announces India’s First Zero-Fee Crypto Trades for Users: Details

Giottus, an India-based crypto exchange, is trying to lure in investors on its platform with a new, pocket-friendly strategy. The exchange on Monday, October 31 announced that it will allow its users to engage in crypto trades with zero fees. This new strategy is Giottus’ way to help potential investors…

Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount

Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount

Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine. Binance, the world’s largest cryptocurrency exchange, did not disclose financial details of the deal. The company said…

Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch

Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch

Binance, reeling under the scrutiny from the US Securities and Exchange Commission (SEC), is taking measures to reorganise its business strategies. In a fresh development, the crypto exchange reportedly shut down its fiat-to-crypto platform Binance Connect on Wednesday. The platform was launched just a year ago in March 2022. Its…

FTX Founder Sam Bankman-Fried Denies Witness Tampering, Seeks to Avoid Jailtime

FTX Founder Sam Bankman-Fried Denies Witness Tampering, Seeks to Avoid Jailtime

Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday, said he never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him. In a letter to US District Judge Lewis Kaplan in Manhattan, Bankman-Fried said prosecutors mischaracterised his…