Bybit, Binance and OKX Volume Triples Since Late 2023
Bybit data indicates that centralized exchanges (CEXs) growth has not surpassed decentralized exchanges (DEXs), with Uniswap v3’s volumes rising by 320%. Since late last year, trading volumes on global centralized cryptocurrency exchanges (CEXs) such as Binance have increased substantially, according to a new report. From October 2023 to March 2024, numerous CEXs at least tripled […]
Nana Murugesan Former Coinbase Exec joins Matter Labs
Nana Murugesan, ex-Coinbase executive, joins Matter Labs as president, to enhance scaling of marketing, legal, and policy operations. Nana Murugesan, former vice president of international and business development at Coinbase, has been appointed president of Matter Labs and the developer of zkSync. Matter Labs’s chief executive officer, Alex Gluchowski, remarked, “It’s going to be like […]
Binance Obtains Full Dubai VASP License, CZ Gives Up Control
Binance, the largest digital asset exchange, receives a full Dubai VASP license. Co-founder CZ’s voting control relinquishment shows the company’s regulatory compliance. Binance Holdings Ltd. has accomplished a notable milestone by obtaining a full Virtual Asset Service Provider (VASP) license in Dubai . This accomplishment exemplifies Binance’s dedication to managing the intricate regulatory environment during […]
Sweden Requests $90M Unpaid Taxes from Crypto Miners
From 2020 to 2023, the Swedish Tax Agency discovered several cryptocurrency companies that had provided false business descriptions in an effort to evade taxation. After four years of misappropriations were uncovered through government investigations, Swedish cryptocurrency miners owe more than $90 million in taxes. Skatteverket, the Swedish tax agency, inquired into the activities of twenty-one […]
Cyprus SEC Suspends FTX Europe License
Cyprus SEC has suspended the license application of FTX Europe until September 2024 following challenges in maintaining operations caused by the FTX crypto exchange collapse. Until September 2024, the Cyprus Securities and Exchange Commission (SEC) has mandated that FTX Europe refrain from providing services under the suspension of its license. Officially announcing the news on […]