Citadel-backed Hidden Road halts ByBit access for clients

May 30, 2024 Coin Telegraph

AML

Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.

Hidden Road, a Citadel-backed brokerage firm, has officially halted access to the ByBit exchange for Hidden Road clients, who were notified of the impending change weeks ago.

According to Bloomberg, the restriction on services resulted from differences between Hidden Road and ByBit regarding Know Your Customer (KYC) verification procedures and Anti-Money Laundering (AML) regulations.

In response, ByBit claimed that it would conduct an audit of its brokerage business to ensure regulatory policy was being implemented correctly.

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

May 29, 2024 Bitcoin.com

Argentina

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

P2P Bitcoin Exchange Hodl Hodl Suspends Lending Services for US and UN Embargoed Countries’ Residents

May 25, 2024 Bitcoin.com

bitcoin.com

Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending services. The platform is now excluding residents of the U.S. as well as U.N. embargoed countries from its lending platform, citing “regulatory uncertainty” as the reason behind these changes. Hodl Hodl to Exclude US […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Kraken Insists It Will Keep USDT Listed in European Markets

May 21, 2024 Bitcoin.com

bitcoin.com

Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.” Kraken Will Keep Tether’s USDT […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Latam Powerhouse Crypto Exchange Bitso Launches Web3 Wallet

May 14, 2024 Bitcoin.com

bitcoin.com

Bitso, the Mexico-based, Latam-focused cryptocurrency exchange, recently launched its own Web3 wallet, targeting the decentralized finance (defi) ecosystem. The idea behind this new product is to ease the onboarding of Bitso’s customers into this landscape, allowing them to dabble in non-fungible tokens (NFTs), decentralized exchange, and other services from a trustable platform. Bitso Launches Web3 […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Leading Colombian Conglomerate Bancolombia Launches Crypto Exchange, Introduces Peso Stablecoin

May 7, 2024 Bitcoin.com

bancolombia

Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with the launch of Wenia, a cryptocurrency exchange. Wenia seeks to disrupt Bitso’s and Binance’s dominance in the cryptocurrency exchange industry in Colombia, and offer a Colombian peso-pegged stablecoin as part of its asset […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Coinbase Announces Support for Bitcoin’s Lightning Network

May 2, 2024 Bitcoin.com

Bitcoin

Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices

May 1, 2024 Bitcoin.com

bitcoin.com

Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange’s balance sheet. Balance Sheet Discrepancies About 50 users of the Russian […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko

April 25, 2024 The Crypto Briefing

crypto

Binance dominated the Q1 centralized exchange market with a 49.7% share and a massive surge in trading volume, outperforming competitors.

The post Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko appeared first on Crypto Briefing.

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Bitcoin halving puts focus on crypto education initiatives

April 19, 2024 Coin Telegraph

Binance

With Bitcoin gearing up for its next deflationary jolt, here are some initiatives aimed at fostering a deeper understanding of the digital currency and its ecosystem.

Over the last couple of months, the crypto world has been abuzz with anticipation for the upcoming Bitcoin halving event.

This pivotal moment, expected to occur on April 20 (based on the UTC time standard), will once again cut the reward for mining new Bitcoin blocks in half, further reducing the supply of the world’s first and largest cryptocurrency, Bitcoin (BTC).

While many investors and traders are speculating on the potential price implications, a growing movement within the industry is shifting this focus toward education and adoption.

Exchanges