Tag: Exchange

Crypto Exchange Kraken Cuts Global Workforce by 30%

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Kraken, one of the longest running cryptocurrency exchanges, has shed its global workforce by 30%, firing approximately 1,100 people “in order to adapt to current market conditions.” Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! The action, which the United States-based crypto exchange announced on Wednesday, comes at a time when some crypto firms based in the country are undergoing bankruptcy proceedings. These include Chicago-based FTX.US, the US subsidiary of beleaguered…

Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange

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The statement is the first confirmation of Telegram’s direct involvement with integrating TON blockchain into the messenger. Earlier, Durov spoke of the blockchain development as a community project Telegram was just happy to watch. The system, earlier known as Newton and Toncoin, is one of two rival projects that grew out of the initial TON concept developed by Telegram; both were developed by the community of supporters, however, only one ended up with Telegram’s official recognition. Source

Binance Obtains Japanese Regulated Crypto Exchange

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After purchasing a 100% stake in a recognised cryptocurrency service provider in Japan, cryptocurrency exchange Binance aims to reenter the market. On November 30, Binance CEO Changpeng Zhao stated the cryptocurrency exchange was dedicated to reentering the Japanese market while adhering to regulations. After four years, the acquisition of Sakura Exchange BitCoin (SEBC), a company with a licence from the Japan Financial Services Agency, would signal the return of international exchange to the Japanese market. Following a notification from the FSA for operating without a licence, Binance was forced to…

FTX Hacker Sends Part of Stolen Funds to OKX Exchange

A market analyst has spotted a pattern in the fund transfers made by the FTX hacker to OKX. The crypto exchange said that it is investigating into the matter. On Tuesday, November 29, the FTX hacker who drained $450 million worth of assets from the exchange, moved some of his assets to the crypto exchange OKX in an attempt to launder money. The FTX hacker has been constantly shuffling funds from one digital asset to other. Initially, the hacker converted all the stoled stablecoins into Ether and later into Bitcoin.…

Binance Acquires Sakura Exchange BitCoin to Enter Japan Under Regulatory Compliance

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Leading crypto exchange Binance has secured regulatory compliance in Japan via the 100% acquisition of local exchange Sakura Exchange BitCoin. Binance has announced the acquisition of Japanese-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC). According to the Changpeng Zhao-led crypto exchange, it now owns 100% of Sakura. In addition, with its wholly-owned ownership, Binance seeks to foray into the Japanese clime, as an entity regulated by the Japan Financial Services Agency (JFSA). By offering Japanese-regulated services through SEBC, the major crypto exchange supports a responsible global environment for digital currencies. Binance Sakura Exchange…

Binance acquires regulated crypto exchange in Japan

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Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported. In an official public announcement on Nov. 30, Binance CEO Changpeng Zhao said the crypto exchange was committed to re-entering the Japanese market under regulatory compliance. The acquisition of Sakura Exchange BitCoin (SEBC), a Japan Financial Services Agency-licensed business, would mark the re-entry of global exchange in the Japanese market after four years. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan…