KuCoin Exchange has integrated fiat payment provider Advcash. Thanks to this, users will be able to deposit and withdraw funds in fiat (including UAH, USD, EUR, GBP and BRL).
In honor of this, KuCoin announced the launch of two events with a prize pool of $50,000. A fiat deposit is required to participate in the programs.
As a reward, there is a chance to receive USDT, discount coupons for commission or trial futures funds.
Changpeng Zhao, Binance’s founder and CEO, shared in a Bloomberg interview firm’s plans for the crypto industry recovery, a bid for Voyager, and he also unruled the possibility of acquiring FTX assets. СZ shared his views with a Bloomberg reporter on whether contagion in the market will keep pace following the collapse of a big […]
Binance Labs made a strategic investment in Belgium-based cold wallet maker NGRAVE, following CEO’s Changpeng Zhao repeated calls for users to turn to self-custody. Another confirmation of these words is the integration of Trust Wallet in Binance, announced last week, which we covered in Digest #171. According to an official statement, Binance Labs, the venture […]
Now bankrupt crypto lender BlockFi filed a suit over Robinhood stocks bought by former FTX CEO Sam Bankman-Fried, citing it was pledged as collateral earlier in November. The suit was filed on the same day in the same court in New Jersey on Nov. 28, when crypto lender BlockFi filed for Chapter 11 bankruptcy. Allegedly, […]
South Korean authorities are proposing to widen the current Digital Assets Bill due to the security issues in the wake of the FTX collapse. The politician Yoon Chang-hyun is currently working with authorities on amendments to prevent the re-occurrence of FTX-like cases. With a new revision, local regulators such as the Financial Services Commission and […]
Binance got its first license in East Asia by acquiring Japan-based licensed crypto exchange Sacura Exchange BitCoin. Last year, Japan’s Financial Services Agency listed another warning to Binance on operating in Japan without registration. Back in the day, Binance replied by saying it “does not currently hold exchange operations in Japan, nor do we actively […]
ConsenSys, the Ethereum protocol behind MetaMask wallet and an application for developers Infura, decided to update its privacy policy. ConsenSys now collects IPs, usernames, KYC details, and bank account information. Running the ConsenSys application, MetaMask, users agree to share their full name, date of birth, and gender. Consensys also demands home address details and telephone […]
Citing a Bloomberg anonymous source, several Genesis clients hired restructuring advisers to avoid the company’s filing for Chapter 11 bankruptcy. One group of creditors is currently working with Proskauer Rose law firm, and another is getting advice from Kirkland & Ellis. The information was shared with Bloomberg by an unidentified source close to the matter. […]
In the aftermath of the FTX collapse, several U.S. states, including Alabama, opened an investigation of Genesis Global, the lender of paused Genesis Trading, on securities violations and crypto firms’ interconnection. As reported by Barron’s, Alabama’s Security Commission director Joseph Borg said, “his agency and those of several other states are part of the inquiries, […]
Crypto bank Silvergate Capital stated less than $20M exposure to newly-bankrupt lender BlockFi. In the blog post from Nov. 28, the company officials claim: BlockFi is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans, which to date have continued to perform as expected with zero losses and no forced liquidations. Silvergate has no investments […]
Dutch authorities decided to leave Alexey Pertsev, a developer of Tornado Cash mixer, in detention until Feb. 20. 2023, due to potential flight risk. On Aug. 12, Dutch authorities arrested Alexey Pertsev following the decision of OFAC, the U.S. Office of Foreign Asset Control, to ban Tornado Cash. A mixer is supposedly related to criminal […]
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