Day: 9 December 2022

The FTX exchange's subsidiary in Japan has been given an extension of three months to cease operations in the country. The Kanto Local Finance Bureau announced the extension on December 9. The firm's new deadline is March 9, 2023.  The reason for the approval of the extension is that the ...

U.S. lawmakers have proposed legislation requiring the Environmental Protection Agency (EPA) to publish a report on the energy requirements and environmental effects of cryptocurrency mining.  In response to criticism from some lawmakers that the significant amount of electricity required to verify transactions on Proof-of-Work (PoW) blockchains such as Bitcoin is ...

Bitso, Latin America's largest cryptocurrency exchange, has partnered with Félix Pago, the industry's leading remittance company, to facilitate cross-border settlements from the United States to Mexico. As a result of the partnership, users can easily send cryptocurrency-based payments from the US to Mexico via WhatsApp. Using Ripple's On-Demand Liquidity (ODL) ...

Coinbase, a cryptocurrency exchange, encouraged its users in an official blog post on December 8 to convert their USDT to USDC. According to Coinbase, USD Coin (USDC) is a reputable stablecoin that offers clients stability and confidence during times of turbulence.  Coinbase did not explicitly state why it made this ...

Sam Bankman-Fried (SBF), the former CEO of the FTX crypto exchange, has failed to meet the deadline for confirming his attendance at the US Senate Committee hearings.   The committee hearing is scheduled for December 14, but the former FTX CEO was required to confirm his attendance before then.   On November ...

According to Bloomberg, a US bankruptcy judge hearing the case against Celsius Networks has ordered the lender to return cryptocurrency worth $50 million to its customers. Judge Martin Glenn issued the order verbally in a hearing on Wednesday. According to the report, the cryptocurrency "never touched the lender's interest-bearing accounts ...

Bybit, a Dubai-based centralized cryptocurrency exchange, announced today that it had integrated ApeX Pro, a Singapore-based decentralized cryptocurrency exchange, into its offering.  ApeX Pro is a permissionless, non-custodial, decentralized exchange (DEX) that provides perpetual contracts by leveraging Starkware's scalability engine, StarkEx. Its Web3 wallet, a hybrid wallet similar to MetaMask, ...