The Directorate of Enforcement (ED) has seized bank assets belonging to crypto exchange WazirX in light of a government probe. Source
Indian Government Raids Director of Crypto Exchange WazirX, Freezes $8.1M
Tag: Exchange
BlackRock Pairs Up with Cryptocurrency Exchange Coinbase Global
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…
Crypto Exchange Blockchain.Com Joins Exchanges in Italy
Blockchain.com, a global cryptocurrency exchange headquartered in the UK, said on Thursday it had registered as a virtual asset service provider in Italy. The move made the London-based full-stack crypto services platform one of the latest crypto firms to have received such a registration. The latest approval enables its legal entity to operate in Italy issued by the Italian financial authority Organismo Agenti e Mediatori (OAM). Blockchain.com said the registration it obtained would make it accountable and minimize the prospects for money laundering. In a statement, the firm said it can…
Here's Why Portuguese Banks Are Closing Crypto Exchange Accounts
In the past year, at least three exchanges have had their accounts shut down with major Portuguese banks, despite obtaining regulatory approval to operate in the country. And although some anticipate the MiCA bill to allow exchanges to do so, others are pessimistic about its reach. Source
Macro Analyst Lyn Alden Says Bitcoin (BTC) on Track to Becoming a Medium of Exchange – Here’s Why
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…
Exchange global Binance lanza tarjeta prepaga en Argentina junto a Mastercard
“Los pagos son uno de los primeros y más obvios casos de uso de las criptomonedas, aunque su adopción tiene mucho espacio para crecer”, Maximiliano Hinz, director general de Binance América Latina, dijo en un comunicado. “Al utilizar la Binance Card, los comerciantes siguen recibiendo fiat y los usuarios pagan en la criptodivisa que elijan”. Source
US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock
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…
Crypto Exchange ZB Exchange Loses Nearly $5M in Suspected Hack, Pauses Withdrawals
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
Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield
Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals. In a Wednesday tweet, PeckShield speculated that hackers might be responsible for transferring 21 types of tokens off of the exchange starting on Monday, including Tether (USDT), Shiba Inu (SHIB), and Tesra (TSR). According to the blockchain investigator, the funds totaled roughly $4.8 million at the time of publication. The total funds being transferred out from @ZBexchange are ~$4.8M and here is the detailed breakdown of tokens: https://t.co/uMpkvxtOAo pic.twitter.com/xo373Zyge1…
Crypto Exchange Binance Reveals Reserves Backing BUSD Stablecoin in Push for Transparency
The world’s largest cryptocurrency marketplace is sharing data about the money behind its own US dollar-pegged stablecoin. In a new announcement, Binance says that it will regularly provide updates about the reserves behind the popular Binance USD (BUSD). The move comes after several digital assets and their affiliated projects have collapsed this year while causing tens of billions of dollars in losses worldwide. Binance says that, unlike other so-called stablecoins, BUSD is not only “100% backed by cash and cash equivalents” but also regulated and approved by the New York…