FTX Customers to Vote on Billion Dollar Repayment Plan

FTX, once a titan in the cryptocurrency exchange world, now faces a pivotal moment in its bankruptcy saga. The next few weeks will be crucial for the customers of the failed exchange as they vote on a compensation plan designed…

Bybit Becomes Second-Largest Crypto Exchange Globally

Bybit rise to the second-largest cryptocurrency exchange globally, overtaking Coinbase, is a testament to its strategic initiatives and market adaptability. Key factors include the successful launch of spot Bitcoin ETFs in the US, competitive trading fees, and a broad range…

Crypto Exchange Gemini Agrees to $50 Million Payout in Legal Settlement

The cryptocurrency market has been fraught with various legal battles, regulatory scrutiny, and investor skepticism. One of the latest developments involves Gemini Trust Co., a well-known crypto exchange, and its controversial Gemini Earn program. This article delves into the details…

Binance New CEO, Richard Teng Leads Remarkable Growth in 2024

In 2024, Binance Holdings Ltd. has seen remarkable growth under the leadership of its new CEO, Richard Teng. This year has indeed turned out to be a landmark one for the crypto industry, marked by increased regulatory clarity, mainstream adoption,…

Robinhood acquires crypto exchange Bitstamp for $200 million, expanding into institutional crypto.

Robinhood Markets Inc. has announced a major acquisition, purchasing the European cryptocurrency exchange Bitstamp Ltd. for $200 million. This strategic move marks Robinhood’s expansion beyond its home market in the US and into the institutional cryptocurrency business. The deal, which…

Crypto Exchange Kraken Seeks Over $100 Million for Pre IPO Funding Round

Kraken, one of the oldest and most reputable cryptocurrency exchanges, is contemplating raising a final funding round ahead of a potential initial public offering (IPO). This decision comes amid inquiries from potential investors during the current digital-asset market surge. Founded…

DMM Bitcoin Raising $321 Million to Recover from Major Hack

In an ambitious move to recover from a significant security breach, Japanese crypto exchange DMM Bitcoin plans to raise 50 billion yen ($321 million). The funds will be sourced from group companies within the broader DMM.com Group. This strategic infusion…

Hong Kong Crypto Licensing Progress and Future Challenges

Hong Kong’s regulatory landscape for cryptocurrency exchanges has taken significant strides over the past year. The Securities and Futures Commission (SFC) has actively worked towards creating a robust framework to foster a digital asset hub. This article delves into the…

Coinbase Sees Shifts in Digital Assets Amid Market Growth

Coinbase Global Inc. has witnessed significant shifts in the digital asset landscape over the past few years. As the largest US cryptocurrency exchange, its journey from the volatility of the 2021 bull run to the more mature and stable market…

Bybit Ends Trade Access via Hidden Road Prime Brokerage(backed by Citadel Securities )

Citadel Securities-backed prime brokerage firm Hidden Road has recently announced that it will no longer offer its clients access to trading on Bybit, the third-largest crypto exchange by volume. This decision, communicated to clients a few weeks ago, stems from…