Browsing: Exchanges

The UK’s Financial Conduct Authority’s FCA regulations spark transformative changes at cryptocurrency giants Binance and OKX. Both exchanges undertake significant operational restructuring to align with the evolving regulatory landscape, reflecting the FCA’s impact on the crypto industry. In a significant move to adapt to the evolving regulatory landscape, two major cryptocurrency exchanges, Binance and OKX, have announced major restructuring efforts to align with the digital asset regulations put forth by the United Kingdom’s Financial Conduct Authority (FCA). Both Binance and OKX, well-known for their prominence in the world of cryptocurrencies, have occasionally found themselves embroiled in legal challenges. In light…

Binance US undergoes a leadership change as CEO Brian Shroder steps down during layoffs; Norman Reed assumes the role. Explore the implications for the crypto industry. In a sudden and unexpected turn of events, Binance US CEO and President, Brian Shroder, has resigned from his position, as reported by Bloomberg and subsequently confirmed by TronToday on Tuesday. This announcement has sent ripples through the cryptocurrency community, raising questions about the stability of one of the world’s largest cryptocurrency exchanges. Shroder’s departure comes at a critical juncture for Binance, as CEO Changpeng ‘CZ’ Zhao has been working tirelessly to dispel negative…

Discover a comprehensive Bitget review exploring its features, functionalities, and user experience. Get insights into this crypto exchange platform. Bitget has established a global user base of over 2 million registered individuals and has achieved a remarkable 24-hour trading volume of $5.6 billion. Notably, in January 2022, Bitget soared to the third position worldwide for daily average futures trading volume, a feat largely attributed to its prominent product, Coin-Margin futures. This particular product achieved an impressive milestone, recording an all-time high trading volume of $7.82 billion. While Bitget stands out for offering competitive fees for both spot and derivatives trading,…

Bitstamp highlights Shibarium’s relaunch, showcasing crypto’s resilience amid setbacks and evolution. In a recent tweet, the renowned cryptocurrency exchange Bitstamp drew attention to the anticipated public relaunch of Shibarium, positioning it as one of the most significant trends in the crypto industry this week. This move by Bitstamp underscores the growing interest and importance surrounding the Shibarium project within the crypto community. Shibarium, a blockchain project associated with the Shiba Inu token, has been making waves in the crypto space with its upcoming relaunch. The project’s initial launch encountered technical difficulties, prompting the team to temporarily put the network in…

The legal battle between the United States Securities and Exchange Commission (SEC) and leading cryptocurrency exchange Coinbase has taken a significant step forward, as Judge Katherine Polk Failla has approved a joint request from both parties to proceed with the scheduling of hearings. This development comes after weeks of anticipation surrounding the SEC’s lawsuit against exchange. In a tweet on July 24, Coinbase’s Chief Legal Officer, Paul Grewal, announced that Judge Failla had given the green light for the submission of opening briefs and subsequent responses. The judge issued a scheduling order for Coinbase’s Rule 12(c) motion for judgment on…

South Africa’s Financial Sector Conduct Authority (FSCA) has announced that all crypto exchanges must obtain licenses by the end of this year. The move aims to enhance consumer protection and regulate the rapidly growing digital asset market. FSCA Commissioner Unathi Kamlana stated in an interview that approximately 20 license applications had been received since the licensing process opened a few weeks ago, and more are expected before the November 30 deadline. The FSCA vows to take “enforcement action” against exchanges that operate without a license past the deadline. This could lead to closures or financial penalties for non-compliant firms. Kamlana…

In a surprising move amid increased regulatory scrutiny on the crypto market ecosystem in the United States, Hong Kong Legislative Council member Johnny Ng has extended an invitation to global virtual asset trading operators, including Coinbase, to establish their presence in the region. This development follows the U.S. Securities and Exchange Commission (SEC) targeting Coinbase, one of the leading U.S.-based crypto exchanges, with charges of violating securities laws in the country. However, arguments have surfaced suggesting that the SEC was already aware of the operations when it approved Coinbase’s initial public offering (IPO) back in 2019. It is worth noting…