South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […] Source
The cryptocurrency exchange Bybit has integrated Apple Pay with its Bybit Card. This new feature promises a blend of security, convenience, and better pricing for users purchasing cryptocurrencies through the Bybit app or website. Access to 20+ Fiat Currencies According to the press release, this latest offering enables Bybit’s users to access over 20 fiat currencies to purchase digital assets with Apple Pay, reportedly with zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to encourage users to easily buy cryptocurrencies with their preferred payment currency…
Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on June 20, 2024, the ETF is touted as the most cost-effective Bitcoin fund exposure in Australia. Arian Neiron, Vaneck’s CEO for the Asia-Pacific region, emphasized […] Source
The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA […] Source
The biggest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH, according to the newest on-chain data. According to crypto analytics firm Santiment, the 100 largest non-exchange Ethereum whales hold a record high of 68.39 million ETH tokens, while exchange wallets have declined. “The top 100 Ethereum wallets on exchanges recently fell below its May 2018 all-time low, now at 8.41 million total ETH. This is a sign of increasing distribution over time. Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding…
New York Attorney General Letitia James is settling with crypto exchange Gemini over fraud allegations for $50 million. In a new press release, James says she’s recovered $50 million worth of digital assets on behalf of 230,000 investors allegedly defrauded through Gemini’s Earn program, which had the firm partnering up with crypto lender Genesis to provide staking rewards. However, Genesis ended up going bankrupt in 2022 and thus Gemini could not pay back customers what it owed them. In 2023, James launched an investigation into Gemini and found that the…
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […] Source
PRESS RELEASE. One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and […] Source
Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain. The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation. The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its first 24 hours. Coinbase added support for the asset under its “Experimental Label,” a designation the exchange established for riskier, lower liquidity tokens. The Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph also rolled…
According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05 billion worth of BTC has […] Source