Day: 29 December 2022

Binance, one of the world's leading cryptocurrency exchanges, has experienced consistent growth in 2022, adding 14 new licenses to its portfolio and growing its workforce to a diverse team of 7,500 employees representing over 100 nationalities.   The company has also made significant efforts to prioritize compliance, increasing the size of ...

BMW is looking to incorporate blockchain technology into its everyday business practices and create a blockchain loyalty program for its Thai customers. The popular automaker has selected BNB Chain for transaction settlement and Coinweb as its decentralized architecture provider. Coinweb will work with BMW Financial Services to build and implement ...

Devin Finzer, CEO of OpenSea, the world's largest non-fungible token (NFT) marketplace, has attempted to differentiate NFTs from cryptocurrencies as the industry faces challenging conditions. Finzer stated in a report that recent setbacks in the cryptocurrency industry were caused by the bankruptcy of the FTX exchange in November, which contributed ...

Celsius Network, a crypto lending company, is planning to extend the deadline for users' claims till early February. This was announced via the company's Twitter handle this morning.  The firm suspended withdrawals and transfers on its platform in June due to extremely unstable market conditions and a $1.19 billion deficit ...

After a relatively calm weekend, during which it remained hovering around the $16,800 mark, the primary cryptocurrency, bitcoin, saw a minor uptick at the start of the new week. This pushed the asset's price to the $17,000 mark, although it ultimately failed to break through that level, as it has ...

The controversial topic of wash trading within cryptocurrency exchanges has again come to the forefront with the release of a new research paper. The National Bureau of Economic Research (NBER) published a working paper titled "Crypto Wash Trading," which studied 29 unregulated exchanges and found that an alarming 73% of ...

On December 28, 3Commas CEO Yuriy Sorokin confirmed on Twitter that a hacker had exposed his company's API keys. 1. Statement from 3Commas: We saw the hacker’s message and can confirm that the data in the files is true. As an immediate action, we have asked that Binance, Kucoin, and ...

Over the past two days, the California Department of Financial Protection and Innovation (DFPI) has issued 17 different warnings to cryptocurrency brokers and websites it believes to be fraudulent. Tahoe Computerized Trade, TeleTrade Choices, Tony Alin Exchanging Firm, Hekamenltd/Total Markets Restricted, Exchange 1960, Yong Ying Worldwide Speculation Organization Restricted, Harmony ...

On December 28th, 30 cryptocurrency wallets belonging to Alameda Research, the bankrupt sister company of the popular crypto exchange FTX, suddenly became active after four weeks of inactivity. These wallets were used to swap and mix over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers, also ...

Tiffany Fong, a crypto influencer, visited Sam Bankman-Fried (SBF), the former CEO of the now-bankrupt FTX exchange, yesterday in his parents’ house in Palo Alto, California. Bankman-Fried was recently granted $250 million bail in a Manhattan court while awaiting trial for fraud and other criminal charges. According to the New ...