In a joint effort, Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning against an entity masquerading as a legitimate crypto exchange called MEXC Global. The scammers are exploiting unsuspecting victims by posing as a virtual asset trading platform (VATP) and enticing them into what appears to be
Exchanges
The crypto market has witnessed a remarkable increase in the total assets under custodial accounts, soaring by a staggering 250% in the past four months. This surge can be largely attributed to the significant hype surrounding the spot Bitcoin exchange-traded fund (ETF), as revealed in a recent report by Bitget shared with CryptoSlate. However, there
The crypto market experienced a significant drop in value as Binance, the largest crypto exchange by trading volume, announced the delisting of two digital assets: Monero (XMR) and Multichain’s MULTI. This decision sent shockwaves throughout the market, causing both XMR and MULTI to plummet in value. However, while XMR and MULTI suffered a substantial decline,
The Securities and Futures Commission (SFC) of Hong Kong has issued a stern warning to unregistered Virtual Asset Trading Platforms (VATPs) operating within its jurisdiction. These platforms have been given an ultimatum – either submit their licensing applications by February 29 or face closure of their businesses by May 31. This move by the financial
The recent price movements of Bitcoin have captivated the attention of market participants, as it briefly dipped below $40,000 and then quickly climbed back to $42,000. While many expected a surge in retail trading, the reality of the situation, as revealed by Glassnode’s data, is more complex. This article delves into the unprecedented behavior of
Coinbase CLO Paul Grewal recently expressed disappointment and disbelief towards the U.S. Securities and Exchange Commission’s (SEC) legal filing on January 30th. Grewal, in a post on X, criticized the administrative record provided by the SEC, stating, “See for yourself whether it’s even close to complete or sufficient to justify their decision.” In June 2022,
In a groundbreaking move, Binance, one of the world’s largest cryptocurrency exchanges, has revealed its latest development – a “banking triparty” arrangement that allows institutional investors to secure their trading collateral. This game-changing solution not only addresses the concerns of counterparty risk but also optimizes capital efficiency for these investors. The platform has been working
In recent months, two of the biggest names in the cryptocurrency industry, Binance and Coinbase, have found themselves embroiled in legal battles with the U.S. Securities and Exchange Commission (SEC). The central issue in both lawsuits is whether the crypto assets offered by these exchanges should be classified as securities and fall under SEC regulation.
Cryptocurrency exchange giant Coinbase has recently announced its plans to diversify its execution clients in response to concerns over the dominance of the go-Ethereum (Geth) platform. This move comes as Coinbase acknowledges the growth of the industry and seeks to address the potential security risks posed by relying heavily on a single execution client. Seeking
Crypto exchange Gemini has recently announced its registration as a Digital Asset Service Provider (DASP) in France, paving the way for its entry into the French market. The Autorité des Marchés Financiers (AMF), the French financial markets regulator, has granted Gemini this regulatory milestone, allowing the exchange to cater to both retail and institutional customers