Coinbase Debunks Rumors on Bitcoin Weekly Withdrawal Limits
Coinbase has debunked false allegations circulating on social media that it imposes withdrawal limits on Bitcoin. A user’s social media post asserting that crypto exchange Coinbase had imposed a $5,000-per-week limit on Bitcoin withdrawals was widely shared. In response, Coinbase denied the rumors. Meanwhile, a user on X (formerly Twitter) claimed on Oct. 24 that he […]
Bitcoin Lightning Network Climbs 1,200% in 2 years
According to a report from the Bitcoin-only exchange River , increased Lightning utilization will play a significant role in Bitcoin’s evolution into a superior medium of exchange. According to data from the Bitcoin-only exchange River, Bitcoin’s layer 2 Lightning Network has grown by an estimated 1,212% in the past two years, with approximately 6.6 million […]
Brazil’s Congress Proposes Indicting Binance CEO CZ
Changpeng Zhao and three local Binance executives have been recommended for indictment for fraud and other financial offenses by a congressional committee. A Brazilian congressional committee has recommended that Binance CEO Changpeng “CZ” and three other Binance executives be indicted following an investigation into financial pyramid operations in Brazil. On October 10, the committee issued […]
OK Group Retires ‘Okcoin’ for Global Upgrade to ‘OKX’
Okcoin will share the same name as OK Group’s other crypto venture, OKX, formerly known as OKEx. Okcoin was established in 2013. OK Group, a major cryptocurrency exchange operator, continues to transform its business by rebranding its crypto ventures as “OKX.” Hong Fang, chief operating officer at OK Group and president of OKX, announced the […]
Taiwan Prohibits Unregistered Foreign Crypto Exchanges
In addition to local platforms such as Maicoin, prominent global cryptocurrency trading companies like Binance, ByBit, and Kraken have also actively provided services to customers in Taiwan. The Financial Supervisory Commission (FSC) of Taiwan is taking steps to enhance the safeguarding of cryptocurrency investors by introducing new regulations . On September 26, the FSC outlined […]