Crypto Exchange OKX Withdraws Hong Kong License Application
The well-known cryptocurrency exchange OKX declared that it will withdraw its application for a Hong Kong Virtual Asset Service Provider (VASP) license. The exchange gave no specifics in its notification on OKX’s blog, but stated that it decided after considering its business plan. In accordance with local regulatory regulations, OKX will thus cease providing centralized […]
Coinbase Resumes XRP Trading in New York
After being suspended in 2021, the cryptocurrency platform Coinbase started trading XRP in the state of New York once more. The chief legal officer of Coinbase, Paul Grewal, declared on X that trading in XRP is now possible in the state. Grewal told the community on Thursday, “We heard you and put in the work […]
OKX Invests in Bitcoin Layer 2 Solution, Bitlayer
OKX Ventures invests in Bitlayer, a Bitcoin Layer 2 solution utilizing Taproot and BitVM technologies to enhance transaction scalability and security. OKX Ventures, the venture division of Bitlayer and the leading cryptocurrency exchange OKX, has announced a strategic investment. It is the first BitVM-based Bitcoin security-equivalent Layer 2. Bitlayer’s objective was to enhance the Bitcoin […]
Kraken Exchange Considers Phasing Out Tether (USDT)
Kraken Exchange contemplates the gradual removal of the Tether (USDT) stablecoin from its platform in light of the forthcoming MiCA regulation. The potential implementation of a regulatory framework for digital assets in July could result in the removal of USDT, a stablecoin anchored to the United States dollar, from the Kraken trading platform. Will Tether […]
Nigerian Court Rejects Binance Exec Tigran Gambaryan Bail
The Federal High Court in Abuja, Nigeria, refused Binance executive Tigran Gambaryan’s bail plea on charges of crypto money laundering. A federal high court judge in Abuja, Justice Emeka Nwite, has denied bail to Tigran Gambaryan , an executive of the leading crypto exchange Binance. The ruling attributed his possible escape upon release to concerns. Consequentially, Gambaryan […]