In recent news, crypto exchange OKX’s Singaporean entity, OKX SG, has made significant strides by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore and allows businesses to operate without daily or monthly transaction limits. The appointment of former regulator Gracie Lin as
Exchanges
Former FTX executive Ryan Salame has recently decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a critical court hearing, creating significant speculation about the motives behind it. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition
The cryptocurrency community is abuzz with speculation following hints from major exchanges Binance and Bybit about potential new products related to Solana. Binance’s official X account teased a mysterious “BNSOL” message, hinting at something “coming soon.” Shortly after, Bybit announced the introduction of “bbSol” on its platform, signaling the arrival of a new product. While
WazirX, a popular crypto platform, is currently facing the aftermath of a $234 million hack that occurred in July. As a result, the platform has entered into an initial 30-day moratorium, awaiting a decision by Singapore’s High Court on whether to grant an extension. This move comes after rival platform CoinSwitch announced its intention to
Ryan Salame, a former FTX executive, is currently entangled in a legal battle with the US government over his guilty plea. He claims that his plea was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently opposed Salame’s allegations, calling them “demonstrably false”
Indian cryptocurrency exchange WazirX is currently facing challenges during its restructuring process. The exchange has highlighted that there are external parties who are not invested in the platform, but are trying to prolong the restructuring for their own gains. These parties are creating and maintaining “uncertainty” rather than seeking a resolution, which is hindering the
In a recent development, a US federal judge has denied the request made by crypto exchange Kraken to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). This lawsuit alleged that Kraken was operating an unregistered securities exchange. The SEC’s complaint also accused Kraken of acting as an unregistered securities exchange, broker, dealer,
Cryptocurrency exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration from MATIC to POL is set to begin on August 26, with Coinbase facilitating the transition for its users in the coming months. During the migration period,
In the ever-evolving world of cryptocurrency, scams and fraud are a harsh reality that users must navigate. Binance, the leading crypto exchange, has taken significant steps to protect its users from potential financial losses. By leveraging a sophisticated internal risk engine that operates around the clock, Binance was able to prevent over $2.4 billion in
Indian cryptocurrency exchange WazirX, which was recently the target of a $235 million hack, has taken the decision to end its asset custody arrangement with Liminal. The exchange announced on August 14 that it would be moving its assets from Liminal to new multi-signature wallets in order to enhance the security of its remaining assets