Binance Refutes Claims Of Misusing Customer Funds
The crypto exchange denies violating U.S. banking rules by combining customer deposits and company revenue, as alleged by a Reuters report. According to a Reuters report, citing three former insiders in 2020 and 2021, Binance commingled customer funds with company revenue in violation of U.S. financial rules that require customer funds to be kept separate. […]
Strike App Integrates Tether Stablecoin for Seamless Transactions
Strike has integrated Tether (USDT) , the world’s largest stablecoin, into its platform. This allows users to easily and efficiently transact and store their digital assets. Strike, a leading global money app, has announced an innovative partnership with Tether (USDT). This collaboration marks a major milestone in the widespread adoption of cryptocurrencies as a medium […]
OKX to Hire 100 People in France as Crypto Hub
OKX has filed an application to become a DASP in France and plans to hire 100 people there in the next three years. OKX, a Seychelles-based crypto exchange, has set its sights on France as a strategic base in Europe. The company has applied to become a Digital Asset Service Provider (DASP) in the country […]
Warnings Lifted: KAVA, WAVES Trading Resumes in Korea
KAVA and WAVES, two cryptocurrencies linked to stablecoins been removed from the South Korean exchanges’ warning list, and their deposit services have been restored. DAXA , a self-regulatory organization for South Korean exchanges, designated KAVA and WAVES as warning items due to their unstable stablecoins USDX and USDN. However, the exchanges have resolved the risk […]
Ledger CEO Downplays Subpoena Risk for Crypto Wallet Users
Ledger CEO Pascal Gauthier says that the company’s new Recover service, which allows users to backup their seed phrases with third parties, is unlikely to expose them to government subpoenas. About Ledger Recover Ledger, a leading provider of hardware wallets for cryptocurrencies, has recently launched a new service called Ledger Recover, which enables users to […]