Coinbase stockpiles a $4B war chest in anticipation of the ‘crypto winter’
Coinbase, the largest US cryptocurrency exchange, has amassed a $4 billion war fund in anticipation of lower crypto retail trading volumes and greater operational expenses due to regulatory barriers. It apparently intends to utilise the funds to offset expenditures incurred as a result of a range of circumstances, including complying with new laws enacted by […]
Poloniex settles unregistered exchange charges with the SEC
Poloniex will reportedly pay over $10 million as settlement charges of operating an unregistered online digital asset exchange to the Securities and exchange commission. Poloniex LLC has agreed to pay more than $10 million to settle charges of operating an unregistered online digital asset exchange in connection with its operation of a trading platform that […]
Enforcement Directorate (ED) issues notice against WazirX
The regulatory watchdog has issued a warning against India’s largest crypto exchange WazirX, the notice poses a significant challenge to the Indian crypto ecosystem. This bull season, India’s regulatory quandary has taken multiple twists and turns. First, there were speculations of a crypto bill being introduced during the forthcoming parliament session; however, the crypto bill […]
Binance puts a stops to stock token sales
Binance exchange gave no indication as to the reason why it is putting a stop to the sales, it only said that it would be shifting its “commercial focus to other product offerings.” Binance, the world’s largest cryptocurrency exchange, stated today that the purchase of stock tokens on the platform will be phased out after […]
Binance exchange faces another regulation in Italy
Italian Companies and Exchange Commission has warned Italians to avoid trading with Binance as the cryptocurrency exchange is not authorized to facilitate crypto investment services in the country. The Italian Entities and Exchange Commission (CONSOB) , Italy’s securities market regulator, has published a statement stating that Binance Group and connected companies are not authorized to […]