Genesis Global Halts Spot Trading For US Users
Genesis Global Trading has announced the termination of its U.S. spot cryptocurrency. It plans to cease all operations by September 30. Genesis Global Trading has announced the termination of its U.S. spot cryptocurrency business. Digital Currency Group (DCG)- owned Genesis Global Trading plans to cease all operations by September 30. The spot trading platform was among […]
Stake.com Recovers from $41M Crypto Exploit, Resumes Services
Stake.com, a popular crypto casino and sportsbook, has resumed all services with instant deposits and withdrawals after losing $41 million worth of cryptocurrencies due to an exploit. The attacker(s) converted the stolen funds to ether and transferred them to multiple wallets. Stake.com assured its users that their funds are safe and that the exploit had […]
OKX Plans to Enter India Market with Local Hirings
Cryptocurrency exchange OKX intends to enter the Indian market and hire local employees to expand the capabilities of Web3 applications. OKX’s chief marketing officer, Haider Rafique, stated that the company intends to “exponentially” expand its wallet services by joining India’s developer community. He added that 200,000 OKX Wallet users are in India, representing less than […]
SEC Adopt Rule Amendments Targeting Broker-Dealers
The SEC is targeting broker-dealers and private funds for greater supervision and transparency in the ever-changing securities landscape. Adopting rule amendments aimed at broker-dealers, the Securities and Exchange Commission (SEC) takes a bold step forward. Gary Gensler, chair of the SEC, stated, Some broker-dealers rely on outdated exemptions, creating a regulatory gap.” As a result, […]
Grayscale’s Bid for Spot Bitcoin ETF Faces Another Delay
The US Court of Appeals has again postponed its verdict on whether Grayscale can transform its popular Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The announcement was made by Craig Salm, Grayscale’s chief legal officer. The latest deferral follows two previous ones earlier this year. The decision was anticipated by industry observers on […]