The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China, and Shanghai Pudong Development Bank, have reportedly either started offering their services to cryptocurrency businesses based in Hong Kong or reached out to them. The special administrative region has recently emerged as a digital asset hub,...Read More
Hundreds of millions of dollars in crypto was withdrawn from Binance shortly after the exchange was slapped with civil charges by US regulators on Monday, on-chain data shows. According to Nansen, the exchange has experienced $400 million in net outflows over the past 24 hours alone. By comparison, Binance has undergone over $2 billion in...Read More
Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits. The main aim is to explore “the intersection between fashion and entertainment in the Metaverse,” according to the press release. With the latest move, the Italian high-end luxury fashion house is...Read More
A&T Capital’s founding partner Yu Jun reportedly resigned from his position earlier this month. While the crypto fund cited “personal issues” as the reason, Jun has refrained from commenting on the matter. According to a statement to Bloomberg, A&T Capital said that Jun, a veteran in China’s crypto investor community, is no longer involved with...Read More
A US Federal regulatory agency just filed a lawsuit against Binance – the world’s largest crypto exchange – for a sweeping range of regulatory violations, spooking Bitcoin back down to $27,000. Here’s what the Commodities and Futures Trading Commission (CFTC) believes the company and its CEO, Changepeng Zhao (CZ), are guilty of. Binance’s Violations According...Read More
Gold may finally be prepped to break past its $2000/oz resistance and shatter its reputation among crypto bros of being a “Boomer Rock” in 2023, according to macro strategist Mike McGlone of Bloomberg Intelligence. The analyst believes that as the macroeconomic environment gets worse, investors are once again retreating to gold as a safe haven...Read More
Binance, one of the world’s largest cryptocurrency exchanges, has been facing regulatory concerns from authorities around the world. The exchange has been accused of violating a number of regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Recently, Binance has been sued by the US CFTC for alleged derivatives trading violations. Binance Faces Legal...Read More
Crypto exchange Binance announced the opening a new blockchain hub in Georgia. The establishment of this new “Web3 outpost” is expected to help Binance strengthen blockchain education and accelerate the adoption of crypto in the region. Binance had forged several strategic partnerships, initiatives, as well as community events in the transcontinental country that is known...Read More
[PRESS RELEASE – Please Read Disclaimer] The partnership will enable OKX Wallet users to access Sui’s ecosystem projects and participate in a range of airdrops and community initiatives. March 8, 2023 – Sui Network, a layer 1 blockchain designed for scaling decentralized applications, has announced a strategic partnership with OKX Wallet, a leading self-custodial service...Read More
[PRESS RELEASE – Please Read Disclaimer] Coniun a leading Web3 company, has announced the tokenization of its NFT ecosystem to promote sustainability and scalability. The project, which includes a suite of B2B and B2C utilities for the NFT market, has been providing services such as the Coniun Pass NFT collection, NFT analytics tool (Coniun.io), whitelist...Read More
The world’s largest corporate holder of bitcoin has resumed its accumulation spree after three months on the sidelines. Additionally, the Michael Saylor-founder business intelligence giant has repaid its Bitcoin-collateralized loan to Silvegate at a substantial discount. The former company CEO took it to Twitter on March 27 to announce the latest bitcoin purchase from his...Read More
[PRESS RELEASE – Victoria, Seychelles, 27th March 2023] OKX makes it more convenient than ever to directly deposit and withdraw Turkish Lira (TRY), streamlining the trading experience for Turkish users Full features now live on Android, iOS and web OKX, the world’s second-largest crypto exchange by trading volume, today launched Turkish Lira (TRY) deposits and...Read More
Next Tuesday, 4 April 2023 (10:00 UTC/ 6PM SGT), we invite you to join one of our Co-Founders Arthur Hayes and the CEO of Voltz Labs, Simon Jones for a discussion covering Bitcoin and cryptocurrency interest rate derivatives. You’ll find the link to the Twitter Space here. Related The post appeared first on Blog BitMexRead More
On 11 April at 04:00 UTC, we will enable our new profit and loss (PnL) realisation feature – allowing our cross-margining users to automatically realise their PnL for open positions, with the same margin currency, every 10 minutes. Put simply, this means cross-margining users will be able to free up capital from their winning positions,...Read More
The worst banking mess since the 2008 financial crisis has increased investors’ fear of a global recession. As a result, the investors’ perspective on Bitcoin and Ethereum, among other digital assets, has significantly shifted to less risky instruments. With the rising global inflation, holding on to fiat currencies continuously depreciates investors’ cash value. On the...Read More
Do Kwon – the co-founder of Terraform Labs – will reportedly appeal against the Montenegrin court’s decision to extend his detention for up to one month. The 31-year-old developer has supposedly been on the run for several months after the native token of the project – LUNA – and its algorithmic stablecoin – UST –...Read More
Nearly 3 weeks after SVB unceremoniously collapsed, it seems the U.S. authorities have finally found a buyer to take over and revive the bank. SVB, the bank that powered much of the startup culture ever-present in the Bay Area and beyond, collapsed following a bank run once it became apparent that trouble was brewing for...Read More
