Upbit Exchange Suspends Transactions Exceeding 1M Won
South Korea Upbit cryptocurrency exchange will suspend withdrawals and deposits of digital assets exceeding 1 million Korean won (approximately $721). On April 17, the cryptocurrency exchange Upbit stated in a blog post that the inability to process deposits and withdrawals was due to the suspension and termination of Ten&Ten’s Travel Rule Solution service . The […]
HashKey Launches Crypto Listing Applications Post ETF Approval
HashKey Group’s HashKey Global crypto exchange has launched a crypto listing application channel to list high-quality tokens amid spot ETF approval. On Tuesday, HashKey Global, a cryptocurrency exchange, announced its regulated cryptocurrency listing system is live, granting listing opportunities for tokens to high-quality projects. The action follows the Bermuda Monetary Authority’s approval of HashKey Global for HashKey […]
OKX Exchange Launches Ethereum Layer-2 Network
OKX cryptocurrency exchange has launched an in-house Ethereum layer-2 network to offer reduced transaction fees and seamless functionality. On April 15, OKX introduced the public mainnet of X Layer, its network powered by zero-knowledge proof technology. Constructed utilizing Polygon’s chain development kit (CDK), the network leverages the Aggregation Layer of the Ethereum scaling protocol to […]
VALR Exchange Receives Dual Crypto Licenses in South Africa
The South African Financial Sector Conduct Authority (FSCA) has issued two new crypto asset service provider (CASP) Licenses to crypto exchange VALR. The FSCA granted VALR Category I and II CASP licenses in addition to the $55 million in equity funding it received from Pantera Capital, Coinbase Ventures, and others. With the acquisition of both […]
Voyager Digital Recovers Over $480m From FTX, 3AC Settlements
Voyager Digital has declared that it has successfully retrieved $484.35 million from insurance settlements for directors and officers (D&O), FTX, and Three Arrows Capital (3AC). The announcement on April 10 was part of a thorough status report about the recovery and distribution of assets to creditors following the company’s financial downfall that was provided to […]