Binance, the largest crypto exchange by trading volume, said its users collectively transferred $26 billion in peer-to-peer remittances between 2022 and 2024 — saving $1.75 billion in remittance fees, according to a Jan. 21 statement shared with CryptoSlate. Binance CEO Richard Teng revealed the milestone during the World Economic Forum in Davos, highlighting how Binance […]
The post Binance enabled $26 billion in remittances via crypto over 2 years, saving users $1.75 billion appeared first on CryptoSlate.
The launch of the new service, under development since 2022, comes as pro-crypto President Donald Trump enters office.
Coinbase CEO Brian Armstrong said the crypto exchange is working hard to scale up amid a surge in activity on Solana.
The Coinbase app is now ranked number 21 on the U.S. App Store, reflecting a surge in interest in crypto ahead of Trump's inauguration.
The Official Trump (TRUMP) memecoin saw its price rebound to $61 after Robinhood announced the token’s listing on the exchange.
Indian crypto exchange WazirX has frozen $3 million in USDT as part of efforts to recover funds stolen during a $230 million hack in July 2024. The platform confirmed this progress in a Jan. 17 update on X, saying this move showcases its determination to safeguard user funds and rebuild trust after the breach. It […]
The post Indian crypto platform WazirX freezes $3M to aid recovery from $230M hack appeared first on CryptoSlate.
Crypto.com announced it has received in-principle approval for a Markets in Crypto Assets (MiCA) license, becoming the first major global crypto exchange to achieve this milestone. The license will enable the company to offer its services across all European Union (EU) member states under a unified regulatory framework that aims to foster transparency and stability […]
The post Crypto.com becomes first exchange to secure MiCA license for EU operations appeared first on CryptoSlate.
Obtaining final approval will allow Crypto.com to offer services within the EU after MiCA rules went into effect in late December.
Coinbase announced a partnership with money market Morpho on Jan. 16 to offer on-chain USD Coin (USDC) loans backed by Bitcoin (BTC), according to a Jan. 16 release. The service will allow Coinbase users to borrow USDC by pledging Bitcoin as collateral. Loans are processed through the layer-2 blockchain Base. The collateral is automatically converted […]
The post Coinbase partners with Morpho to introduce Bitcoin-backed loans on Base appeared first on CryptoSlate.
Kraken, founded in 2014, has doubled down on growth and “embraced startup mode," Ink creator Andrew Koller told The Block.
Coinbase has launched Bitcoin-backed onchain loans through Morpho, a decentralized lending protocol available on Ethereum and Base.
The social stock and crypto trading platform could list in New York as soon as Q2, targeting a valuation of more than $5 billion.
The company intends to use the new financing to develop its onchain UX platform via its software development kits.
Upbit is South Korea’s largest crypto exchange and one of world's largest centralized trading platform in terms of volume.
The US Department of Justice announced on Jan. 15 that BitMEX and its parent company, HDR Global Trading Limited, have been fined $100 million for violating the Bank Secrecy Act (BSA). The firms pleaded guilty to the violations in July 2024 after a lengthy legal process. The DOJ had initially sought penalties exceeding $200 million […]
The post BitMEX slapped with $100M penalty for US Bank Secrecy Act violations appeared first on CryptoSlate.
The US government ordered that the 94,000 Bitcoin (BTC) seized in connection with the 2016 Bitfinex hack be returned to the exchange as part of an in-kind restitution process. The ruling stated that there is no victim for the specific offenses of conviction, resulting in the return of all the assets seized from the “Bitfinex […]
The post Bitfinex to recoup stolen Bitcoin after US restitution mandate appeared first on CryptoSlate.
The overseas exchange previously pled guilty to these crimes in July 2024 and agreed to pay a $110 million penalty at the time.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. government says bitcoin stolen in the 2016 hack of Bitfinex should go back to the exchange, in a court document filed this week.
The US Court of Appeals for the Third Circuit granted Coinbase a partial victory in its legal dispute with the Securities and Exchange Commission (SEC) in a Jan. 13 ruling. The panel of judges, led by Circuit Judge Ambro, deemed the SEC’s reasoning “arbitrary and capricious” under the Administrative Procedure Act (APA), a standard requiring […]
The post Coinbase scores legal win, court orders SEC to explain lack of crypto rulemaking appeared first on CryptoSlate.
HashKey Group, a digital asset firm based in Asia, has announced it received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), according to a Jan. 13 statement. This development marks the next step in the company’s expansion into the Middle East and North Africa (MENA) […]
The post HashKey expands global footprint with Dubai virtual asset license approval appeared first on CryptoSlate.
The decentralized prediction platform Polymarket is facing intense scrutiny from regulators and the public alike for its actions. Over the past day, reports emerged that the US Commodity Futures Trading Commission (CFTC) has subpoenaed user data amid backlash over its controversial wildfire betting markets. Controversial wildfire bets Polymarket has been criticized for allowing bets on the […]
The post Polymarket’s wildfire betting markets attract public ire amid ongoing CFTC investigation appeared first on CryptoSlate.
The bankrupt FTX exchange has challenged the announced sale of its European subsidiary, FTX EU, to Backpack, a crypto platform founded by former FTX employees. In a Jan. 8 statement, FTX clarified that its subsidiary FTX Europe AG wholly owns FTX EU. The company stated that the anticipated transfer of FTX EU shares to former […]
The post FTX and Backpack dispute sale of European arm to former insiders’ crypto platform appeared first on CryptoSlate.
Kazakhstan intensified its crackdown on illegal crypto exchanges in 2024, targeting platforms linked to money laundering activities. According to a press statement, the Asian country’s Financial Monitoring Agency (AFM) announced that it liquidated 36 unauthorized exchanges with a combined turnover of more than $100 million and restricted access to over 3,500 unregistered crypto trading platforms. […]
The post Kazakhstan liquidated 36 crypto exchanges with $100 million turnover and seizes $4.8 million USDT appeared first on CryptoSlate.
District Judge Katherine Polk Failla of the United States District Court Southern District of New York granted a Coinbase motion for an interlocutory appeal in their lawsuit against the US Securities and Exchange Commission (SEC) in a Jan. 7 ruling. Judge Failla claimed that the parties seek clarity on an “important legal issue,” although they […]
The post Coinbase secures important win in legal dispute against the SEC, crypto community cheers appeared first on CryptoSlate.
Backpack, a crypto exchange founded by former FTX executives, has taken a significant step into the European market by acquiring FTX EU, the European arm of the defunct FTX platform. According to a Jan. 7 statement, the acquisition was approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). European expansion […]
The post Former FTX execs buy FTX EU to expand Backpack Exchange in Europe appeared first on CryptoSlate.
Gemini co-founders Tyler and Cameron Winklevoss agreed to pay a $5 million fine to resolve the Commodity Futures Trading Commission (CFTC) allegations that it misled regulators during its bid to launch the first US-regulated Bitcoin (BTC) futures contract. As Bloomberg News reported, the settlement averts a trial that was set to begin on Jan. 21, […]
The post Gemini settles CFTC Bitcoin futures case for $5 million appeared first on CryptoSlate.
Nasdaq filed to raise the current options contract limit of the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts, representing an exercisable risk of 2.89%, according to a Jan. 6 SEC filing. According to the filing, the current limit represents only 0.4% of exercisable risk for the spot Bitcoin (BTC) exchange-traded fund (ETF). […]
The post Nasdaq proposes raising IBIT options contract limit for traders appeared first on CryptoSlate.
Centralized exchanges see highest net-inflow of SOL tokens since March, according to Coinglass
Coinbase chief legal officer Paul Grewal shared documents revealing that the Federal Deposit Insurance Corporation (FDIC) urged banks to halt or avoid not only crypto-related services but also simple Bitcoin (BTC) offerings. The letters are unredacted versions of documents shared by Grewal on Dec. 6, 2024. They were dubbed “pause letters” because they repeatedly recommend […]
The post Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services appeared first on CryptoSlate.