Category: Exchanges

What will cryptocurrency look like in 2027? Here are 5 predictions

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The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that’s a line from the 2011 video game, Deus Ex.) Long-term predictions are notoriously difficult to make, but they are good thought experiments. One year is too short a period for fundamental changes, but five years is just enough for everything to change. Here are the most unexpected and outrageous events that could happen over the next five years. 1. The metaverse…

India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’ – Exchanges Bitcoin News

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A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance. ED’s Action Against Wazirx India’s Directorate of Enforcement (ED) issued a press release Friday concerning Wazirx, a major crypto exchange in India. ED is a law enforcement and economic intelligence agency of the government of…

Coinbase Scrutiny Ratcheting Up As the Leading US Crypto Exchange Is Hit With Two New Lawsuits

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The largest cryptocurrency marketplace in the United States is facing a new round of legal challenges from a pair of lawsuits. Coinbase is being slapped with two class action lawsuits on the heels of the U.S. Securities and Exchange Commission (SEC) scrutinizing the exchange over unregistered securities as a former product manager pleads not guilty to insider trading in a Federal court. In the first case, the law firm Bragar Eagel & Squire is suing Coinbase Global in the United States District Court for the District of New Jersey on…

SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly investigating every US-based crypto exchange platform, including Binance. According to a new Forbes report, a US Senator Cynthia Lummis staffer is revealing that the regulatory body is looking into all 40 US-based crypto exchanges, including the world’s biggest crypto exchange platform Binance, for potential violations of the law. The staffer says that the platforms are in various stages of investigation and that the SEC is eagerly trying to resolve its dispute with the Commodities Futures Trading Commission (CTFC) over which agency…

Portuguese Banks Terminate Service Provision to Crypto Exchanges

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Several Portuguese banks have started closing accounts related to crypto exchanges as they believe that it would be too risky to continue. The country’s central bank seems to have approved the financial institutions’ decision. In recent years, Portugal has been renowned as a paradise of crypto as it does not impose a capital gains tax on crypto-related earnings. However, it appears that both the government and financial sector have been increasingly keen to regulate crypto in accordance with other EU countries in the past few months. According to media outlet…

BlackRock Pairs Up with Cryptocurrency Exchange Coinbase Global

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BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin.  The BlackRock-Coinbase Global partnership demonstrates that there is still demand for cryptocurrency exposure from sophisticated investors, despite the sharp decline in prices this year. In a huge fillip for the cryptocurrency industry, the world’s biggest asset manager BlackRock (+0.79%) is partnering with exchange Coinbase Global (+10.01%) to make it easier for institutional investors to manage and trade Bitcoin. The announcement by Coinbase Global and BlackRock sent shares of the former…

Macro Analyst Lyn Alden Says Bitcoin (BTC) on Track to Becoming a Medium of Exchange – Here’s Why

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Macro strategist Lyn Alden believes that it’s only a matter of time before the volatility of Bitcoin (BTC) falls thereby enabling it to be a practical medium of exchange. Alden says in a What Bitcoin Did podcast that currently, however, the flagship crypto asset fails as an “ideal medium of exchange.” “In the really early phases, unless you specifically need censorship resistance or unless you’re in an unbanked environment, for a lot of people in developed countries Bitcoin is not the ideal medium of exchange. Unless they are de-platformed or…

US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock

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Two titans from different corners of the investment world are partnering up to bring cryptocurrency trading to wealthy clients. In a new blog post, top US-based crypto exchange Coinbase announced an alliance with BlackRock, the traditional finance investment behemoth with $10 trillion in assets under management (AUM). Institutional investors who use BlackRock’s Aladdin management platform will now be able to purchase Bitcoin (BTC) via Coinbase Prime, with access to other altcoins coming at a future date. “Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, and staking…

Portuguese Banks Are Closing Crypto Exchanges’ Accounts

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Portuguese banks began closing accounts that belong to crypto exchanges, citing ‘risk management’ as the main reason for the closures. Portugal gained its reputation for welcoming cryptocurrency exchanges as no tax is imposed on crypto earnings. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. These banks are Banco Comercial Portugues (BCP), Banco Santander, Caixa Geral de Depósitos, BiG, and Abanca. At least four crypto exchanges had their accounts closed according to recent…

Crypto Exchange ZB Exchange Loses Nearly $5M in Suspected Hack, Pauses Withdrawals

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The exchange, which used to be based out of China, suspended its operations when Chinese regulators made the decision to ban fundraising through initial coin offerings (ICO) in 2017. The move came after the Chinese central bank voiced concerns about the then largely popular and mostly unregulated fundraising method’s use in several financial scams. Since then, the company has moved overseas, operating out of Hong Kong with offices in Australia and the U.S. Source