South Korea’s Bithumb Exchange Sees Record Bitcoin Trading Volume
South Korea's crypto trading volume has significantly increased recently. Bithumb's zero-fee trading policy led to a surge in Bitcoin volume.…
Significant Increase in Crypto Trading Volume at South Korea’s Bithumb Exchange
South Korea's Bithumb sees a surge in Bitcoin trading volume. Zero-fee trading policy attracts investors, despite Bithumb's operational loss. Bithumb…
Analysis of Centralized Exchanges’ Performance in 2023
Central exchanges (CEX) reflect the broader crypto market's health. Binance's market share dropped below 50%, indicating reduced dominance. Regulatory actions…
Indonesian Crypto Exchanges Hit by Classification of Cryptocurrencies as Commodities
Indonesia's crypto transaction volume dropped 60% in 2023. Exchanges blame taxes due to classification as commodities. They advocate for reclassification…
Binance Loses Market Share While OKX and Bybit Rise
TokenInsight reports Binance's market share dropped to 48.7% in 2023. OKX and Bybit gained from Binance's decline, increasing their market…
Hong Kong-Based Crypto Exchange Hashdex Becomes a Unicorn
Hashdex surpassed a $1 billion valuation, earning unicorn status. Investors contributed approximately $100 million in a recent funding round. Despite…
India Pressures Tech Giants to Remove Crypto Exchange Apps Amid Regulatory Disputes
Most crypto investors use apps on mobile devices for transactions. Google removed global exchange apps from India's Play Store. India's…
FTX Bankruptcy Plan Faces Customer Opposition Over Valuation Concerns
FTX's bankruptcy plan is being contested by former customers. Customers argue the plan unfairly excludes them from past crypto gains.…
India’s Regulatory Pressure Leads to Decline in Binance’s Local Operations
India's FIU enforces anti-money laundering laws, impacting offshore exchanges. Binance faces a significant user migration from its platform in India.…
Binance’s Reserve Status and Challenges Amidst Turbulence
Binance weathers regulatory scrutiny and lawsuits, showing resilience. Stable reserve trends contrast with FTX; Binance's risk decreases. Despite potential issues,…
Major Cryptocurrency Exchange Apps Removed from Apple App Store in India
India's FIU issued notices to nine crypto firms for non-compliance. Apps removed from Apple App Store, still available on Google…
Bitget Announces 14th Asset Reserve Report: A Step Towards Transparency and User Empowerment
Bitget's 14th asset reserve report showcases user asset growth. Increases in BTC, ETH, and USDT reflect a thriving user community.…
Bitfinex Announces Service Restrictions for UK Customers
Bitfinex to remove services for certain UK customers due to regulations. New UK-based customers can't apply for account verification from…
Bithumb Announces Listing of Excela (WAXL) and Yield Guild Games (YGG)
Bithumb, South Korea's second-largest exchange, lists WAXL and YGG. Move aims to diversify trading options and expand crypto portfolios. Reflects…
HashKey Exchange Integrates Travel Rule and Focuses on Binance Transactions
HashKey Exchange adapts to Travel Rule, signaling operational evolution. Now solely supports transactions with Binance, indicating a strategic shift. Enhances…
Fintech Company Dave Decides to Distance from Troubled FTX
Dave plans to repurchase a $100 million note from FTX Ventures. Despite complexities, Dave continues to innovate and expand services.…
Huobi Korea Announces Impending Closure Amidst Tough Market Conditions
Huobi Korea prepares to cease operations by January 29. Other small South Korean crypto exchanges have also closed. Strict standards…
Decentralized Crypto Exchange dYdX Publishes Report on $9 Million Hack
Decentralized exchange dYdX reports targeted hack in November 2023. Hacker identified, legal options under consideration by dYdX. Incident involved manipulation…
FTX Eyes New Revenue Stream Amid Legal Battles and Bankruptcy
FTX plans to recover billions through ongoing legal processes. Bankrupt exchange FTX faces a fraud case worth $8 billion. Legal…
Fake SATS Token Trading Sparks User Backlash on OKX’s Web3 Wallet
OKX's Web3 Wallet reveals a gap in SATS trading market. Users spot numerous fake SATS tokens, prompting outcry. OKX responds…
