Indian crypto exchange CoinDCX has launched Okto, a Decentralised Finance (DeFi) mobile app, Friday, aimed at easing the transition of crypto consumers to DeFi, co-founder Neeraj Khandelwal told CoinDesk. Source AppBitcoinCoinDCXcryptoexchangeDeFiExchangeExchangesIndianLaunchesMobileShiftSignalingWeb3 CryptoX Portal
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Major Indian crypto exchange CoinSwitch Kuber had five of its premises searched by anti-money laundering agents on Thursday over alleged violations of forex laws. According to an Aug. 25 report from Bloomberg, India’s Enforcement Directorate searched CoinSwitch Kuber’s offices as well as the residences of its directors and CEO Ashish Singhal. A source told the publication the crypto exchange is under suspicion of acquiring shares worth more than $250 million in contravention of forex laws, as well as being non-compliant with certain know-your-customer (KYC) requirements. The Directorate of Enforcement is…
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Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub. In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at the time of publication — to acquire a 51% stake in the Thailand-based crypto exchange. The bank cited concerns with Bitkub “resolving various issues” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline. According…
“We are looking into multiple possible contraventions under FEMA and other entities that are connected to it,” the official said. “Since we did not receive the desired cooperation we have conducted searches on (residences) of Directors, the CEO and the official premises (of the exchange).” Original Source authoritiesCoinSwitchCryptoExchangeIndianKuberSearched CryptoX Portal
“We are looking into multiple possible contraventions under FEMA and other entities that are connected to it,” the official said. “Since we did not receive the desired cooperation we have conducted searches on (residences) of Directors, the CEO and the official premises (of the exchange).” Source
“The benefit of using a decentralized exchange protocol like THORSwap is always having self-custodial control of your assets,” THORSwap’s pseudonymous product manager “paperx” explained in a Twitter message to CoinDesk. “Users connect their own native chain wallets (Bitcoin, Ethereum, BNB Chain, Cosmos, Litecoin, Dogecoin and THORChain, among others) to swap assets on one and receive assets on another directly into their personal wallet.” Source
Thailand’s oldest lender, Siam Commercial Bank (SCB) has abandoned the deal to acquire a controlling stake in Bitkub Online, the country’s largest cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may…
In the latest data published by Glassnode, the on-chain analytics platform highlighted that the number of BTC exchange deposits has significantly decreased in the past few weeks. The 7-day moving average of Bitcoin exchange deposits touched 1,921 on Thursday, which is the lowest level since July 2020. 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. Due to the latest dip in the price of the world’s largest cryptocurrency, profitability across the BTC…