Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain...
Taiwan's Financial Supervisory Commission (FSC) has released comprehensive guidelines for cryptocurrency platforms operating in the country in a move towards bolstering regulatory oversight of the crypto industry. The guidelines, published on September 26, 2023, underscore a commitment to...
Bitcoin Ordinals creator Casey Rodarmor has proposed the creation of a new fungible token protocol called "Runes" as an alternative to existing protocols, including the BRC-20 standard. In a blog post published on September 25, 2023, Rodarmor expressed...
Before DeFi, traditional finance (TradFi) institutions took deposits from ordinary individuals and lent them to those who could leverage them for economic initiatives that could unlock more profit-earning opportunities. Part of the wealth generated from this process was...
Feng Xiaodong, the founder of Mixin, a decentralized wallet service that recently fell victim to a $200 million hack, revealed in a public livestream on September 25, 2023, that the protocol can currently only guarantee the safety of...
In a significant move tied to its 10th anniversary celebrations, Huobi, one of the world's top cryptocurrency exchanges, has undergone a comprehensive rebranding. The exchange will now be known as HTX, reflecting its revamped strategy under the new...
In a surprising turn of events, Bybit has announced the suspension of its services in the United Kingdom (UK). Starting from October 1, 2023, the exchange will cease onboarding new users residing in the UK. Existing users in...
The management of bankrupt cryptocurrency exchange FTX has initiated legal proceedings against former employees of a Hong Kong affiliate, Salmeda. FTX alleges that these individuals withdrew $157.3 million under fraudulent circumstances just hours before the exchange filed for...
The Australian Securities and Investment Commission (ASIC) has taken legal action against Bit Trade Pty Ltd for failing to comply with design and distribution obligations related to its margin trading product. ASIC made this announcement on Thursday, September...
Nobuaki Kobayashi, the trustee overseeing the bankruptcy proceedings of the now-defunct cryptocurrency exchange Mt. Gox, has announced a further extension of the repayment deadline for creditors. In a letter addressed to the creditors on September 21, 2023, Kobayashi...
