Coinbase Stock Drops After SEC Sues Crypto Exchange
Shares of Coinbase are down 20% after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. At the time of writing, shares had dropped to an intraday low of $46.43. However, they have recovered slightly and are currently trading at $50.14. As a result, the corporation’s market capitalization now stands […]
Kraken Faces Withdrawals, Deposits Delay
Crypto exchange Kraken disclosed that it was investigating a problem with some crypto funding gateways, including Bitcoin, Ether, and ERC-20, which caused operational delays to withdrawals and deposits. The status page of Kraken on June 6 stated, “Deposits and withdrawals are currently delayed. We will provide any new information as quickly as possible.” The initial […]
Crypto exchange TrigonX emerges from FTX downfall
TrigonX, an Australian cryptocurrency exchange that lost almost $50 million during the FTX catastrophe in December, is gearing up for a return. On May 29, The Australian reported that TrigonX has started functioning again after its creditors approved a deed of business arrangement. TrigonX was established in 2014 and became one of the casualties of […]
South Korea To Implement System That Freezes Funds On Top Crypto Exchanges
The National Police Agency of South Korea will meet with Binance and the top five cryptocurrency exchanges in South Korea to discuss plans to implement a system with real-time wallet address monitoring and freeze funds capabilities. Local news outlets reported that the National Police Agency would hold a virtual asset exchange working meeting with Binance […]
Bybit Receives “In-Principle” Approval from Kazakhstan Regulatory Authorities
Bybit cryptocurrency exchange, in a bid to continue its expansion, has received “in-principle” approval to operate in Kazakhstan as a crypto custody services provider. The exchange announced on May 29 that it had received preliminary approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and custody services provider […]