Canadian bitcoin mining company, Hut 8 Mining Corp., has issued an update on its merger with the U.S. Bitcoin Mining Corporation (USBTC). In a press release published on November 6, 2023, the company announced that it had filed amendments...
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...
Hong Kong-based crypto group HashKey has introduced its first secondary crypto market fund. The fund, launched on September 1, 2023, is set to focus on investments in altcoins. Jupiter Zheng, the portfolio manager at HashKey Capital, the group's investment...
Binance has officially announced its plans to gradually discontinue support for Binance US Dollar stablecoin (BUSD). The move confirms prior speculations that the exchange would do so following Paxos's announcement to halt the issuance and redemption of the stablecoin....
Binance has introduced a new product for its users across Latin America to seamlessly transfer their cryptocurrency holdings into their bank accounts. The newly launched service, Send Cash, allows crypto transfers from nine countries in the region, including Argentina,...
In another significant step marking its expansion into the financial services sector, X (formerly Twitter) has obtained a financial services license in another state in the U.S. According to public records, X, via its subsidiary Twitter Payments, secured a...
Binance has announced that it will no longer offer about 39 liquidity pools to users. The crypto exchange noted that the decision was based on its latest periodic review of listed liquidity pools aimed at optimizing trading experiences. Notable...
Binance has launched its instant payment service, Binance Pay, in Brazil. In a blog post on August 22, 2023, the crypto exchange noted that the move was to allow local merchants to offer a new payment alternative to their...
Binance.US has announced that it has now designated USDT as the "base asset" for all its transactions in line with its transition to a crypto-only exchange. As a result, its users will have to convert their deposited U.S. dollars...
Coinbase and Circle have announced a strategic restructuring of their partnership, ushering in a new chapter in the governance of the US Dollar Coin (USDC). In a joint blog post on August 21, 2023, the two companies unveiled a...
