A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.7 million fraud […]
Binance is strengthening crypto security with Hong Kong police, enhancing collaboration to combat cybercrime and financial threats in the blockchain industry. Binance Strengthens Cybercrime Collaboration With Hong Kong Police Crypto exchange Binance revealed on Feb. 20 that CEO Richard Teng recently met with Raymond Lam Cheuk Ho, Chief Superintendent of the Cyber Security and Technology […]
Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% to […]
Okx has secured a MiCA license, unlocking crypto services for 400 million people across 28 European countries with free euro transactions, local payments, and 300+ trading pairs. Okx Expands Crypto Services Across Europe with MiCA License Crypto exchange Okx announced on Feb. 18 that it has expanded its services to 28 European Economic Area (EEA) […]
Investor interest in Binance remains high, with former CEO Changpeng Zhao acknowledging the possibility of small-scale investments. Exclusive Binance Stakes? CZ Signals Potential for Small-Scale Investments Former Binance CEO Changpeng Zhao (CZ) dismissed rumors about a potential sale of the cryptocurrency exchange in a post on social media platform X on Feb. 17. Zhao addressed […]
Coinbase is in talks with several authorities in India, including the Financial Intelligence Unit (FIU), to reopen operations in the Indian market. The firm is seeking to compete with Binance, which resumed local operations last August. Coinbase in Conversations to Relaunch Operations in India Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is preparing to […]
Binance’s token listing process is “a bit broken,” former CEO Changpeng Zhao (CZ) warned, citing price surges on decentralized exchanges before centralized trading begins. “Just beware.” CZ Breaks Silence on Binance Listings—Why Traders Should ‘Beware’ Binance’s approach to token listings faced criticism from its former CEO, Changpeng Zhao (CZ), who highlighted flaws in how the […]
Coinbase is transforming into a financial giant, rivaling banks and brokerages with $420 billion in assets. CEO Brian Armstrong envisions a future where crypto dominates financial services. Coinbase Surpasses Banks, Envisions a Unified Crypto-Powered Financial System Coinbase (Nasdaq: COIN), the largest publicly traded cryptocurrency exchange in the U.S., has quietly expanded its role in the […]
Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financial […]
Coinbase has secured UK regulatory approval, cementing its dominance as the country’s largest registered digital asset provider and accelerating its global expansion in crypto and fiat services. Crypto Giant Coinbase Gets FCA Approval Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on Feb. 3 that it has secured its virtual asset service provider (VASP) registration in the […]