Binance, the cryptocurrency exchange, experienced issues due to the volume of pending transactions, leading to a temporary pause of Bitcoin (BTC) withdrawals. The exchange explained on Twitter that large volumes of BTC withdrawal transactions were yet to be processed due to the recent surge in BTC gas fees. To resolve the issue, Binance replaced pending
Exchanges
SUI, a layer1 blockchain network, has launched its mainnet and its native token is now available for trading on major exchanges such as Binance and Bybit. The launch took place at 12:00 UTC and the token began trading for less than $2. However, the token’s price rapidly declined by 72% to $1.29 within less than
Gemini, a leading cryptocurrency exchange, has launched its derivatives platform – Gemini Foundation – in 30 countries outside of the United States. The platform will offer Bitcoin perpetual contracts denominated in Gemini dollars (GUSD) with up to 100 times leverage and Ethereum trading will be available soon. The exchange plans to expand its offerings with
The Office of Foreign Assets Control (OFAC) has reached a settlement with Poloniex for $7.6 million regarding various sanctions violations. Poloniex allowed customers in sanctioned countries to trade and transact over $15.3 million of digital currencies through 66,000 transactions between January 2014 and November 2019. Violation Details The violations took place in Cuba, Iran, Sudan,
Adam Grabski, an investor in Coinbase, has filed a lawsuit in the Delaware Chancery Court claiming that certain executives and board members of Coinbase used inside information to avoid losses from Coinbase stock sales. According to Bloomberg, the lawsuit alleges that Brian Armstrong, the Chairman and CEO of Coinbase, board member Marc Andreessen, and other
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a warning to the four founders of OPNX Exchange and CEO Leslie Lamb, accusing them of operating an unlicensed and unregulated cryptocurrency exchange. The founders named in the warning include Mark Lamb, Sudhu Arumugam, and Su Zhu and Kyle Davies, who were founders of failed crypto hedge
Changpeng Zhao (CZ), the CEO of Binance, has stated that the success of the cryptocurrency industry should not be based on the failures of traditional banking systems. During a Twitter AMA, CZ responded to a question regarding whether banking collapses could benefit Bitcoin. He explained that both banking and crypto can coexist and that it
Coinbase, one of the world’s largest cryptocurrency exchanges, has launched an international exchange that allows institutional traders outside the US to trade Bitcoin (BTC) and Ethereum (ETH) perpetual futures. The new platform will be settled in USD Coin (USDC) with no fiat on-ramps required. The company’s perpetual futures contracts offer up to five times leverage.
During a recent Ask Me Anything (AMA) session, Kris Marszalek, CEO of Crypto.com, discussed plans for new benefits on the Crypto.com card during the upcoming bull market. In the last bull cycle, Crypto.com cardholders enjoyed enticing benefits, including substantial cashback and increased staking rewards, but these were cut in response to deteriorating market conditions. Marszalek
In response to a recent consultation by the UK HM Treasury on the regulation of crypto-assets, Binance has stated that a regulatory framework for crypto should prioritize consumer protection, market integrity, and financial stability. The exchange believes that regulators need to take a balanced approach to regulating the crypto industry to ensure that it can