Cryptocurrency Exchanges

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  Binance Founders Refute Rumours of Potential Crypto Exchange Sale

  Binance co-founders Changpeng Zhao and Ye Hi have clarified that the Binance crypto exchange is not up for sale. Both Yi and Zhao said that the exchange keeps getting offers to acquire a stake in the company, but the offers have not been considered. Zhao, did however mention, that in due time the company may allow some investments in the “single-...

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  Crypto Kingpin Alexander Vinnik Returns To Moscow In Russia-US Prisoner Swap

  The United States has released Russian cryptocurrency kingpin Alexander Vinnik, as part of an exchange deal that saw Moscow free US teacher Marc Fogel.

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  Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source

  Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...

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  Austria’s BitPanda Secures FCA Approval in UK, Plans to Offer ‘Set-and-Forget' Savings Strategy

  On Wednesday, February 12, BitPanda announced that the UK’s Financial Conduct Authority (FCA) has approved its registration to offer crypto-related services to British investors. According to FCA records, the exchange has also established an office in London to oversee its UK operations.

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  US SEC and Binance File Joint Motion in US Court Seeking 60-Day Pause on Legal Battle

  In a joint motion filed in the District Court of Columbia, Binance and the SEC requested a 60-day pause in their nearly two-year legal battle. They argued the stay would conserve resources as a newly formed US task force works on clearer crypto regulations.

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  WazirX Says Asset Rebalancing Complete, Invites Creditors to Raise Disputes

  On February 10, WazirX announced the completion of its Net Liquid Platform Assets (NLPA) rebalancing, aligning token denominations with its assets and liabilities. The exchange has introduced three new tabs on its app and website, allowing users to view their rebalanced portfolio, their balance as of July 18, 2024, and the preliminary creditor list...

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  ByBit Pays Rs. 9.27 Crore Penalty, Completes FIU-IND Registration

  ByBit has announced that it has completed its registration with India’s Financial Intelligence Unit (FIU), and paid a Rs. 9.27 crore penalty, as part of its compliance obligations. Earlier this month, the FIU-IND revealed that the Dubai-based exchange was not in compliance with India’s the Prevention of Money Laundering Act (PMLA) because of wh...

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  WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds

  WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.

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  Bitcoin Price Drops to Around $98,000 on Global Exchanges Amid Ongoing US-China Trade Tensions

  The overall crypto market cap slipped by 2.69 percent over the last 24 hours. Bitcoin and Ether, both registered losses over the past 24 hours. On Wednesday, most altcoins reflected losses on the price chart. Dogecoin, Solana, Cardano, and Shiba Inu are among cryptocurrencies that tumbled in their prices. 

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  Coinbase Acquires UK FCA's VASP Licence to Offer 'Better' Suite of Crypto Services

  Coinbase says its new VASP licence will allow it to offer a ‘better’ suite of crypto products and services for the communities of UK’s retail and institutional investors. The exchange will include fiat-to-crypto service offerings as part of its business expansion there.

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  Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU

  Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...

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  FIU-IND Levies Over Rs. 9 Crore Fine on Dubai-Based ByBit Crypto Exchange Citing PMLA Violations 

  FIU-IND has levied a penalty of Rs. 9.27 crore on ByBit for continuing to operate in India without bringing its operations in compliance with India’s legal guidelines. For now, ByBit’s services here remain suspended.  

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  CoinDCX Brings 'Bitcoin Chai Cafe' Crypto Literacy Campaign to Tea Stalls in Mumbai

  CoinDCX's latest crypto awareness campaign, called 'Bitcoin Chai Cafe', has been launched in Mumbai. It aims to make crypto-related conversations common on traditional, small tea stalls – where office goers, students, and others from varied age groups gather for snacks and tea throughout the day.

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  French Investigators Open Fraud Probe Against Crypto Platform Binance

  French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...

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  Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to Region 

  Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany.