Binance has recently reached a remarkable benchmark in the cryptocurrency industry by exceeding $100 trillion in trade volume since its inception in 2017. This staggering figure was announced by CEO Richard Teng in a social media update on September 24, underscoring Binance’s significant role within the crypto ecosystem. To put this accomplishment into perspective, $100
Exchanges
In a decisive strategic maneuver, Kraken, a renowned cryptocurrency exchange, has acquired Coin Meester (BCM), a prominent Dutch crypto broker with a long-standing history. Announced on September 24, this acquisition signifies Kraken’s ambition to solidify its operational foothold in the Netherlands, a burgeoning market for digital assets. The integration of Coin Meester into Kraken is
In an innovative move aimed at expanding its user base, Bybit, a prominent cryptocurrency exchange, has launched an Islamic crypto account tailored specifically for Muslim investors. Announced on September 24, this initiative is designed to align with Islamic finance principles, allowing for a secure and compliant trading environment. CEO Ben Zhou announced the launch on
The case of Tigran Gambaryan, a US citizen and employee of Binance, has garnered significant attention due to his precarious situation in Nigeria. Detained since February, Gambaryan’s case highlights the complexities of international law and the responsibilities of governments in protecting their citizens abroad. As the details of his detention have emerged, including allegations of
On September 17, Binance made an exciting announcement regarding the launch of “Moonbix,” a new play-to-earn (P2E) game set to be available on Telegram’s Mini App platform. This crypto-centered game invites players into a vibrant universe where they can embark on interstellar adventures, with the aim of collecting valuable in-game items that can enhance their
The cryptocurrency landscape has seen its share of controversies, and the latest involves Coinbase, a major player in the marketplace, and its relationship with BlackRock’s Bitcoin exchange-traded fund (ETF). Recent allegations have cast doubt on whether Coinbase genuinely uses the funds provided by BlackRock to acquire real Bitcoins. As these rumors gained traction on social
In a significant move to rein in illicit activities associated with cryptocurrency exchanges, German authorities have recently shut down 47 platforms involved in facilitating money laundering and other criminal operations. Officials from the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA) jointly announced that these exchanges were operating without
On September 20, crypto exchange BingX revealed that it had suffered a “minor asset loss” due to suspicious transactions linked to one of its hot wallets. This alarming situation unfolded in Singapore at approximately 4:00 AM local time, prompting immediate responses from the exchange’s team. The Chief Product Officer, Vivien Lin, announced that they were
In a notable development in the ongoing legal tussle between the US Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase, the SEC has formally requested a four-month extension for completing fact discovery. This request, aimed at potentially moving the deadline from October 2023 to February 2025, underscores the significance and complexity of the case
The Swiss stock exchange, SIX, is positioning itself to create a new cryptocurrency trading platform aimed at institutional investors across Europe. According to a report by the Financial Times on September 18, this initiative is set to challenge well-established competitors such as Binance by tapping into the increasing legitimacy of cryptocurrencies as a valid asset