India’s FIU Considers Approving More Offshore Crypto Exchanges

September 6, 2024 Bitcoin.com

AML

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

September 5, 2024 Bitcoin.com

bitcoin.com

South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay

September 4, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Crypto liquidations may be way worse than data has let on, suggest researchers

September 2, 2024 Coin Telegraph

Binance

“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research.

The amount and scale of crypto market liquidations could be much worse than data from major exchanges suggest, according to a researcher.

On Aug. 29, K33 Research senior analyst Vetle Lunde reported that major cryptocurrency exchanges such as Binance, Bybit, and OKX had significantly altered their reporting of liquidation data since 2021.

These alterations meant that exchanges recorded one liquidation per second instead of reporting all liquidations.

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Crypto.com Adds Paypal as Payment Option in US for Crypto Purchases

August 28, 2024 Bitcoin.com

bitcoin.com

Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president. Crypto.com Integrates Paypal for Crypto Purchases Cryptocurrency trading platform Crypto.com announced on Wednesday […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

August 26, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

August 25, 2024 Bitcoin.com

Assets

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Wazirx Defends Restructuring Decision — Founder Assures ‘Not Bankruptcy or Liquidation’

August 24, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges. “This is not bankruptcy or liquidation since that will take several years,” […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure

August 24, 2024 Bitcoin.com

Binance

Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Binance Launches Mobile Money Feature for Crypto Transactions in Africa

August 23, 2024 Bitcoin.com

Africa

Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]

Exchanges

Share this video