Binance May Allow Institutional Clients To Keep Collateral At A Bank
Binance is exploring a plan to allow some of its traders to keep their trading collateral at a bank. The crypto exchange is considering this new step to reduce counterparty…
Tether Ups Bitcoin Bet With BTC Mining In Uruguay
Summary: Tether plans to tap into Uruguay’s renewable energy ecosystem and mine Bitcoin (BTC), crypto’s largest token by market cap. The digital payment company is looking to diversify its operations…
Russia Drops Plan To Launch National Crypto Exchange
The Russian government has abandoned the plan to launch a national cryptocurrency exchange. The country will instead establish a regulatory regime for crypto trading platforms. Russian authorities intend to use…
Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies
Binance is looking to invest in banks and become a minority investor in traditional financial institutions. CEO Changpeng Zhao aims to encourage the banks towards crypto-friendly policies. Binance stated last…
Hong Kong Considers Huobi HK Crypto License After Unveiling Regulations
Summary: Huobi HK applied for a virtual asset exchange license after setting up shop locally in Hong Kong. The new division of Huobi will now allow retail and institutional customers…
SEC Lawsuit Against Gemini And Genesis Challenged In Court
Summary: Gemini and Genesis moved to throw out a lawsuit built on securities violation claims made by the U.S. Securities and Exchange Commission. In January, the U.S. watchdog filed a…
Binance Set To Launch Crypto Exchange In Thailand By Q4’23
Binance is set to launch a crypto exchange in Thailand by the fourth quarter of 2023. Thailand’s Ministry of Finance has granted a regulatory license to a joint venture between…
Former Coinone Exec Answers Bribery Allegations In South Korean Court
Summary: A Lawyer for Coinone’s former Listing Director Mr. Jeon and his broker Mr Ko responded to bribery charges during a hearing on Thursday. South Korean prosecutors claim Mr. Jeon…
DCG Packs Up Institutional Trading Platform TradeBlock
Summary: TradeBlock will shutter its institutional trading platform come May 31, per a DCG announcement. Bloomberg reported that parent company Digital Currency Group (DCG) arrived at the decision amidst the…
Crypto Exchange Gemini To Establish European Headquarters In Ireland
Gemini Trust Co. has picked Dublin, Ireland as the headquarters for its European operations. The Winklevoss-owned crypto exchange cited Dublin’s thriving start-up scene as one of the reasons for its…
Arrington Led Consortium Featuring Coinbase Acquires Celsius’ Assets
A consortium of investors called Fahrenheit, led by Arrington Capital, has won the bid to acquire Celsius’ assets. The consortium, which includes Coinbase, beat NovaWulf LLC and another group of…
Deposits For 10 Bridged Coins Halted On Binance As Multichain Concerns Escalate
Summary: Binance suspended deposits for 10 bridged crypto coins pending an update from the Multichain team. The Binance deposits for these coins are only affected on four blockchains – Avalanche,…
Coinbase Inks Licensing Deal To Provide Liquidity And Custody Services To Bitpanda
Coinbase has signed a licensing deal with Bitpanda to cater to European banks serving crypto clients. The partnership will see the American exchange provide liquidity and custody services to Bitpanda.…
Coinbase’s L2 Base Gears Up For Mainnet Launch, No Plans For Network Token
Coinbase’s layer 2 network Base recently published its mainnet launch criteria. Base’s mainnet will go live after Optimism’s Bedrock upgrade, full audits, and demonstration of testnet stability. Since testnet, the…
Shaquille O’Neal Served In FTX Lawsuit For A Second Time
Shaquille O’Neal has been served in Miami by a law firm representing FTX creditors. The NBA legend was served for a second time while he was attending a basketball game.…