Binance Launches Marketplace Focused on Ordinals Protocol
The cryptocurrency exchange Binance has launched a trading place dedicated solely to Ordinals protocol inscriptions. The exchange announced that BRC-20 standard tokens and other EVM-compatible assets will be able to be bought, sold, and mined on the new platform. Via the Binance app, users can access the inscriptions marketplace, which is housed on the platform’s […]
Bybit Seeks License in Hong Kong for Crypto Asset Trading
According to regulatory papers, the cryptocurrency exchange Bybit has sought a Virtual Asset Service Provider (VASP) license in Hong Kong. Bybit is now one of the fourteen candidates vying for a Securities and Futures Commission (SFC) license to provide services in Hong Kong. In the regulatory filing that was sent in on January 31, Bybit […]
Coinbase Unveils Fee Upgrade Program for Specific Traders
With a new initiative, Coinbase is trying to draw in large volume traders by lowering trading fees and providing a sixty-day fee-free period for those moving from other platforms. A recent blog post claims that the incentive gives traders with monthly trading volume of over $500,000 a quick path to reduced cost tiers, allowing them […]
Binance freezes $4.2m in stolen XRP
Crypto exchanges are on high alert due to an exploit linked to XRP issuer Ripple, as several platforms work together to monitor $112.5 million in stolen assets. CEO of Binance Richard Teng revealed that late last month, his exchange halted accounts containing $4.2 million in Ripple’s XRP that unidentified hackers had stolen. Teng pledged that […]
Polygon Labs to Cut Off 19% of Staff
The CEO of Polygon Labs announced the departure of sixty employees or 19% of the company. The reductions are not motivated by a need for funds but rather by a strategic decision to improve performance efficiency. The release also emphasized Polygon Ventures’ transformation into P2 Ventures after its split from Polygon Labs at the end […]