Coingecko released a report about the current state of the digital asset industry for the third quarter of 2022, which indicates a quieter environment than what was experienced in Q1 and Q2. The most notable of the pointers in the recent release is how the cryptocurrency market cap made an encouraging recovery. As outlined in…
Against the wishes of the Aptos team, Binance will list an APT perpetual contract product on Oct. 19, with up to 25x leverage, according to Wu Blockchain. OKX joined Binance with a similar product offering going live on the same date. Perpetual contracts enable both longs and shorts. Following its recent debut, the controversial Aptos…
Binance CEO Changpeng Zhao (CZ) posted a response to the company’s recent dealings with a reporter from Reuters, complaining of a deliberate smear campaign by the news agency. CZ mentioned a “breakdown in trust” due to adverse reports informed from anonymous sources. In recent times, Reuters has published several damning stories about the exchange, including…
The Japanese government passed a cabinet decision to revise six foreign exchange laws to better combat money laundering on Oct. 14. These changes will also affect crypto trading businesses, as local news outlets report it. The revised bill will tighten know-your-customer (KYC) rules for crypto exchange businesses and expand money laundering penalties for all institutions….
Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the biggest holders of the HT tokens. In his capacity as a Huobi advisor, Justin Sun said he…
Singapore-based crypto investment platform Pillow raised $18 million in Series-A funding on Oct. 13. The funding round was co-led by Accel, Quona capital, Elevation Capital, and Jump Capital. Accel is the top venture capital firm with the most Unicorn ownership, and Elevation Capital was a significant investor in Pillow during its seed round. Pillow allows…
Directors at Dimplx have alleged that Binance’s 2020 annual report for its UK subsidiary was inaccurate as it did not accurately report the nature of the exchange’s business, revenue, assets, and liabilities, the Financial Times reported on Oct. 12. According to the report, the inaccuracies were reported for a payment processing facilitator, Binance Digital, registered…
Crypto exchange platform crypto.com announced it’ll invest €150 million in France to expand its operations and set up a new regional headquarters in Paris. The announcement states that the exchange is making a long-term commitment to France and intends to expand its talent pool by hiring local talent. With a local team, crypto.com will be…
Crypto exchange company Bittrex agreed to pay $30 million for violating federal sanctions set by the U.S. Treasury Department. The settlement was announced by the U.S. Treasury Department’s Office of Foreign Assets (OFAC) and the Financial Crimes Enforcement Network (FinCEN) on Oct. 11. The exchange allowed nearly 1,800 people that resided in sanctioned regions, including…
Leading tech giant Google is set to integrate crypto payments into its cloud services following a new partnership with crypto exchange Coinbase. Google announced on Oct. 11 that from 2023 it will start accepting cryptocurrencies for payments and use Coinbase Prime to store its crypto holdings. The pilot phase will see a handful of customers…