Binance to Halt Support for Several Leveraged Token Services
Binance exchange will discontinue support for a subset of its leveraged tokens that are associated with Bitcoin, Ether, and BNB starting April 3. On February 19, Binance declared its intention to discontinue support for leveraged tokens coupled with Tether. Affected are the following leveraged tokens: BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN. […]
Mocaverse and KuCoin to Streamline Cross-Platform Identity
The partnership merges Mocaverse’s Moca ID, KuCoin’s accounts, and Halo’s Genesis pass to redefine on-chain identity. Mocaverse—the membership network and metaverse initiative of Animoca Brands —has formed a partnership with Web3 wallet Halo Wallet and cryptocurrency exchange KuCoin to simplify user navigation across multiple industry sectors, including SocialFi, gaming, decentralized financing (DeFi), and crypto trading. […]
Crypto Exchange Bitsonic CEO, Exec Reportedly Face Jail Term
Reportedly, for plundering 10 billion South Korean won ($7.5 million) worth of customer deposits, the CEO of cryptocurrency exchange Bitsonic has received a seven-year prison sentence, the firm’s CTO also received a one-year sentence. The Korean District Court imposed a seven-year prison sentence on Jinwook Shin, according to a February 6 report by the Yonhap […]
Zipmex to Suspend Services Temporarily in Thailand
Thailand’s Securities and Exchange Commission (SEC) has issued a temporary suspension order for digital asset trading and brokerage services on the cryptocurrency exchange Zipmex. The SEC stated in a supplemental filing on February 2 that Zipmex had fifteen days to rectify “its financial position and operational deficiencies,” as the financial regulator had previously mandated. The […]
Coinbase Appoints Former UK Chancellor to Advisory Board
In an effort to resolve disputes with the SEC, Coinbase will welcome former British Chancellor George Osborne onto its board of advisors. Coinbase announced on Wednesday that former British Chancellor George Osborne will join the organization’s board of advisors. Bloomberg reports that Coinbase’s action coincides with the cryptocurrency exchange being confronted with litigation and the […]