Crypto Exchange

Crypto exchange giant Binance to halt Chinese yuan crypto OTCs.

Binance has said it will halt the marketplace for the Chinese yuan over-the-counter (OTC) trading on its platform following China's latest crackdown on cryptocurrencies. Binance, one of the major crypto exchanges with a significant number of China-based customers, said...

Payments giant Visa announces interoperability platform for CBDCs and stablecoins.

International payments giant Visa is working on a platform that will allow for interoperability between central bank digital currencies and stablecoins. Dubbed the Universal Payments Channel, the platform would enable CBDCs to be transferred from one blockchain to another...

Binance US appoints Brian Shroder as its new CEO.

Following the sudden and controversial departure of Brian Brooks in August, Binance.US announced the appointment of the new Chief Executive Officer (CEO), Brian Shroder. In its community announcement, the crypto exchange platform noted that Shroder had already been part...

South Korea’s crypto exchange Upbit limits withdrawals for unverified users.

South Korean crypto exchange Upbit is to limit services for unverified users in a bid to step compliance efforts in line with new crypto regulations. The crypto exchange revealed that it would begin by limiting withdrawals from unverified users...

Indian crypto exchange CoinSwitch Kuber raises $250 million, becomes largest crypto firm in India.

Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled the crypto exchange to the “very top”...

South Korean ruling party does not want to implement crypto tax law just yet.

South Korean investors may have to wait a bit longer before they start paying taxes on their cryptocurrency holdings. The new crypto tax regime was scheduled to take effect in January next year, but according to local reports, the...

Tesla CEO Elon Musk says crypto is impossible to destroy.

As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable. "It is not possible to, I think, destroy crypto, but it is possible for governments to slow down...

Swiss financial watchdog approves the country’s first fund that invests primarily in crypto assets.

Switzerland's financial markets supervisor announced Wednesday that it had approved the country's first fund that invests primarily in crypto assets. The Crypto Market Index Fund is restricted to qualified investors and categorized under "other funds for alternative investments" with...

U.S. Federal Reserve Chairman Jerome Powell is still undecided on CBDC.

Speaking at a recent press conference, Fed Chairman Jerome Powell said the Fed was still weighing up the advantages of a central bank digital currency (CBDC) and was in no rush to reach a decision on committing to a...

Alibaba announces to ban crypto miner sale amid Chinese crackdown.

Alibaba officially announced Monday that its platform would prohibit sales of cryptocurrency miners and suspend categories for blockchain miners and accessories from its website on Oct. 8. In addition to stopping sales of crypto mining devices, Alibaba will impose a ban...

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The European Central Bank appoints an advisory group for the digital euro project.

The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group. This organization will give council to...