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, 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…
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…
Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere….
Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange…
KuCoin has identified one of its users as a serial scammer, looting unaware crypto investors of their finances. The Seychelles-based crypto exchange has decided to not freeze the assets of this user, whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to…
Gemini, a US-based crypto exchange, is gearing up to work with Indian engineering talent as it expands its presence in Asia, according to a report. The company has reportedly set up an office in Gurugram and is actively scouting to onboard software developers and technical product heads from India. These…
The ongoing downturn in the crypto industry has lashed the business flowing out of several companies. Lemon Cash, an Argentina-based crypto exchange has joined the list of several other companies to announce lay-offs in order to keep their businesses afloat in the market turmoil. A total of 38 percent staff…
Giottus, an Indian crypto exchange, has taken a bold step to mark its impression in the crypto sector and make it to the headlines. Amid silence from rival crypto exchanges on the subject, Giottus has said that it will provide proof of reserves in order to add another layer of…
India is still approaching the crypto sector at a calculated and slow pace. However, players of the sector are exploring opportunities in other more crypto-friendly regions. In a bid to expand to more lucrative international locations, India’s ZebPay crypto exchange has applied for an operational licence in Singapore. The CEO…
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