KuCoin Announces $10 Million Airdrop Amid DOJ Charges and Withdrawal Delays

In a recent announcement, Johnny Lyu, the CEO of KuCoin, revealed that the popular cryptocurrency exchange will be launching a special $10 million airdrop in Bitcoin and KuCoin tokens. This strategic move comes in response to the recent charges leveled…

US-UK Review of $20 Billion in Crypto Transactions Tied to Russian Exchange

The US and UK governments are currently conducting a comprehensive review of cryptocurrency transactions worth over $20 billion associated with Garantex, a Russia-based virtual exchange. This joint effort aims to address the issue of sanctions evasion, which has been supporting…

StakeStone and Binance Labs Team Up for Omnichain Liquidity Enhancement

StakeStone, the staking protocol, has garnered a strategic investment from Binance Labs, the venture capital and incubation arm of Binance. This partnership marks a significant milestone in the world of decentralized finance, as StakeStone sets out to transform the landscape…

US Prosecutors Charge KuCoin and Founders for Alleged Anti-Money Laundering Violations

In a recent development, US prosecutors have charged KuCoin, one of the world’s largest cryptocurrency exchanges, along with two of its founders, for allegedly failing to comply with American anti-money laundering (AML) regulations. The charges stem from KuCoin’s purported negligence…

KuCoin Achieves Compliance with India’s FIU-IND Amid Strict Cryptocurrency Regulations

The FIU-IND, essential in India’s financial crime prevention efforts, scrutinizes financial transactions to combat money laundering. Cryptocurrency exchange KuCoin navigated regulatory challenges to align with FIU-IND’s strict compliance requirements, amidst India’s tight cryptocurrency regulations. Achieving compliance, KuCoin has been recognized…

Robinhood Exchange Debuts Android Crypto Wallet for Enhanced Digital Asset Management

Robinhood, the cryptocurrency trading platform, has made a significant move in the digital asset space by officially launching its highly anticipated crypto wallet for Android users. This expansion aims to cater to the growing demand for accessible and seamless cryptocurrency…

OKX Crypto Exchange Ends USDT Trading Pairs in EEA to Enhance Euro Liquidity

In a recent announcement, crypto exchange OKX revealed its decision to discontinue support for digital currencies traded against Tether Holdings Ltd’s USDT token for users based in the European Economic Area (EEA). This move comes as OKX aims to prioritize…

Binance Labs Becomes Independent With a Valuation Over $10 Billion Under CEO Richard Teng’s Leadership

In a remarkable turn of events under the leadership of Chief Executive Officer Richard Teng, Binance, the world’s largest digital asset exchange, made a significant move earlier this year. It quietly spun off its venture capital arm, Binance Labs, into…

$4B Bitfinex Heist: Hacker’s Testimony Reveals Crypto Theft and Laundering

In a stunning turn of events, Ilya Lichtenstein, a hacker involved in the infamous Bitfinex heist, recently revealed the intricate details of the massive cryptocurrency theft that shook the world in 2016. Lichtenstein’s testimony during a money laundering trial shed…

Kraken Challenges SEC Lawsuit, Joining Industry Peers in Defense Against Regulatory Allegations

Kraken, one of the cryptocurrency exchanges, has recently filed a motion to dismiss the lawsuit brought against it by the Securities and Exchange Commission (SEC) in a US court. This legal action by Kraken aligns it with other industry peers,…