PayPal’s Stablecoin PYUSD Struggles with Adoption Challenges, On-Chain Data Shows

PayPal recently released stablecoin PayPal USD (PYUSD) is facing challenges gaining traction, on-chain data reveal. According to findings from blockchain analytics firm Nansen, roughly 90% of PYUSD is currently held in stablecoin issuer Paxos Trust's wallets. Holdings on crypto exchange wallet ...

CryptoQuant Research Head Addresses Binance Bank Run Allegations with On-Chain Data Analysis

CryptoQuant Research Head Weighs in On Possibility of Binance Bank Run, Citing On-chain Data CryptoQuant Head of Research Moreno has provided data addressing concerns of a bank run on Binance amid growing allegations surrounding the exchange. Am ...

Crypto Exchange Faces Legal Threat After Ceasing Communication with GPT Guru Team

Opinion: Is this exchange the next FTX? The blockchain industry has been revolutionary, to say the least. In the last three years, the crypto market has affected and changed lives positively — mine included. And this is ...

Binance.US Partners with MoonPay to Enable USDT Transactions on Crypto Platform

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform. The crypto exchange announced on Aug. 22 that USDT was being adopted as the ...

Gemini and Genesis Seek Dismissal of SEC Lawsuit Against Gemini Earn

Crypto exchange Gemini and cryptocurrency lender Genesis Global Capital have asked the court to dismiss the U.S. Securities and Exchange Commission's (SEC) permanent injunction against Gemini Earn. Gemini and Genesis argue that the Gemini Earn program should not be classi ...

Bitget Launches Blockchain Courses on Bitget Academy Platform, Coinciding with Bitcoin Pizza Day

The launch coincides with Bitcoin Pizza Day And claims to be the main event of the year Telling all the details The Bitget crypto exchange has officially launched blockchain courses on the Bitget Academy platform. This is part of a large-scale Bitg ...

Bitget Quarterly Report Reveals Impressive Growth in Q1 2023

Crypto exchange Bitget published its quarterly report, which outlines the company's achievements and successes in the first quarter. Bitget increased its staff by 30% and the number of BGB token holders by 146%. ...

Binance Conducts Offline Training in Ukraine to Combat Crypto-Crime

This is the first offline event from Binance since the war began It was attended by regulators, the National Police and cyber experts The company taught how to combat cryptocurrency crimes The Binance crypto exchange held training seminars for regulat ...

Bittrex Crypto Exchange Files for Bankruptcy After Regulatory Pressure

Crypto exchange Bittrex filed for bankruptcy after closing operations in the U.S. due to regulatory pressure. The bankruptcy also applies to several subsidiaries of the exchange. According to a May 8 filing by Bittrex Inc.. to U.S. Bankruptcy Court in Delaware County. ...

Bitget Crypto Exchange Launches “Super Airdrop” for BGB Native Token Holders

It starts May 8 And gives an exclusive privilege to native coin holders The Bitget crypto exchange is launching a new "Super Airdrop" promotion. This is a special promo for BGB native token holders. As part of the promotion, they will receive any new tokens av ...

FTX Gets Court Approval to Sell LedgerX for $50M to Pay Off Creditors

The new owner will be Miami International Holdings And FTX will receive $50 million to pay creditors Scandalous crypto exchange FTX has received court approval to sell its "subsidiary" LedgerX for $50 million. This will allow them to raise additional capital to p ...

Shaquille O’Neal Served Court Papers in FTX Class Action Lawsuit

Lawyers representing the class action lawsuit against FTX, a bankrupt crypto exchange, have finally managed to serve court papers to Shaquille O'Neal, the four-time NBA champion, after months of failed attempts. The law firm, led by attorney Adam Moskowitz, had initially requested to serve legal ...

Binance.US delists TRON trading pairs citing internal review results

On Wednesday, April 12, the Binance.US crypto exchange announced the delisting of trading pairs involving TRON (TRX). The price of the native token of the Tron network reacted to the news, recording a fall of 4.81% over the past few hours, from $0.0666 to $0.0632.. At ...

Binance Accused of Violating US Laws by CFTC: VIP Clients Named

Bloomberg's investigation has unearthed some interesting information regarding Binance, the world's largest crypto exchange, and its VIP clients. The US Commodity Futures Trading Commission (CFTC) has accused Binance of not registering in the US and violating federal laws governing commodity mark ...

ASIC Revokes License of Oztures Trading, Binance Australia Derivatives Brand

The Australian Securities and Investments Commission (ASIC) has taken action against Oztures Trading, a provider of cryptocurrency derivatives under the Binance Australia Derivatives brand, by revoking its financial services license. Following an audit by ASIC experts to ensure compliance with lo ...

Binance Coin (BNB) Price Disregards CFTC Lawsuit, Aims for Bullish Rally

Binance Coin (BNB) Price Ignores CFTC Lawsuit Against Binance Crypto Exchange, Seeks Support to Launch Powerful Rally Binance decided to sue On March 27, it became known that the world's largest cryptocurrency exchange Binance Holdings Ltd. and its founder and CEO, Changp ...

Commodity Futures Trading Commission Sues Binance for Violating US Laws

The Northern District of Illinois has recently seen a lawsuit brought against Binance by the Commodity Futures Trading Commission, alleging a lack of registration and potential violations of US commodity market laws. The CFTC has specifically targeted Binance's CEO, Changpeng Zhao, as well as the ...

Bitzlato announces the start of withdrawals after being accused of money laundering

Bitzlato Crypto Exchange Allows Depositors to Withdraw Funds After AML Services Mark Coins as High-Risk. On March 1, Bitzlato, a cryptocurrency exchange accused of money laundering by foreign law enforcement, announced in a Telegram channel that depositors can start withdrawing their funds. The ...

Binance Responds to Forbes Article on Misappropriation of Customer Collateral

Binance has issued a response to an article published by Forbes, which alleged that the exchange had misappropriated $1.8 billion of customer collateral. “When you are the world’s largest crypto exchange in a virtually unregulated market, you can change the rules of the game as you see ...

Ruari Donnelly Foundation sold $150 million worth of FTT tokens

The Charitable Foundation of the ex-manager of the large crypto exchange FTX, has earned at least $150 million from the sale of its own tokens of the FTT exchange, according to The Wall Street Journal. Ruairi Donnelly started his career at FTX and Alameda Research in 2019 as Head of Human Resourc ...