Shaurya Malwa · 14 hours ago · 2 min read
Crypto exchange Binance sets up three Irish entities after global regulatory tussle
With the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland.
DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown
A little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction illegal.
‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown
It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction.
Just 10 Korean crypto exchanges have registered with the government ahead of deadline
With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities.
Binance suspends futures, options trading in Australia amidst regulatory troubles
In its latest attempt to be more regulatory compliant, Binance has announced that it would not be able to offer its users in Australia access to futures and options trading.
Binance reportedly under investigation in the US for insider trading
Binance, the world’s largest cryptocurrency exchange, is under a fresh investigation by United States Commodity Futures Trading Commission (CFTC) for possible insider trading and market manipulation.
Binance is finally getting a headquarter as regulators slam ‘decentralized’ workspaces
After facing a ton of regulatory scrutiny about its lack of a physical headquarters anywhere in the world, Changpeng Zhao, the CEO of Binance, the largest crypto exchange by trading volume, has revealed that the exchange would be embracing a centralized headquarters sometime soon.
Crypto exchange FTX now supports NFT mining
With the growing demand for NFTs reaching new heights, the latest crypto firm to dive into the space is FTX, a leading crypto exchange.
Binance woes continue as UK watchdog warns of failure to comply
U.K monetary watchdog, the Financial Conduct Authority (FCA), said Binance “is not capable of being effectively supervised.” Adding that, within the context of offering complex and high-risk financial products, this poses a significant risk to consumers.