Huobi exchange announces shutdown of Cloud wallet service
Huobi cryptocurrency exchange has announced the closure of its Huobi Cloud Wallet service, the platform will be discontinued in May 2023. The multi-token wallet service’s maintenance and updates will formally end on February 13 according to a statement on Huobi’s support website. Cryptocurrency and nonfungible tokens (NFTs) users who are still utilizing the Huobi Cloud […]
Binance launches new tax reporting tool for crypto users
Crypto exchange Binance is launching a new tax reporting tool to help crypto users access tax details aligning with their crypto activity and also to help report information during the upcoming tax season. In order to assist customers to keep track of their cryptocurrency transactions for tax reporting reasons, cryptocurrency exchange Binance announced on February […]
Binance cuts relations with Indian cryptocurrency exchange WazirX
Indian cryptocurrency exchange, WazirX must withdraw any remaining funds it has stored in Binance wallets by midnight UTC on February 3rd. A recent blog post claims that Binance is prohibiting WazirX from using its services, which is the latest development in the scandal involving the international cryptocurrency exchange Binance and Zanmai, the company behind the […]
FTX warns customers of scammers promising return of assets
The insolvent cryptocurrency exchange FTX has notified customers of recent schemes by scammers one of which is offering them the prospective return of their assets and taking advantage of their vulnerability. Customers of FTX were warned on February 3 about recent scam efforts by con artists, including requests for money, fees, payments, or account passwords. […]
Binance acquires South Korean crypto exchange GOPAX
As a re-entry means into the South Korean crypto market after two years, Binance cryptocurrency exchange has acquired a majority stake in South Korea’s crypto exchange GOPAX. Bitcoin exchange A majority interest in GOPAX, a South Korean cryptocurrency exchange , has been bought by Binance. The “Industry Recovery Initiative,” which is headed by Binance, provided […]