In a pivotal move, Binance.US has reinstated the ability for its American customers to deposit and withdraw US dollars. This shift, announced on February 19, signifies a departure from the firm’s recent operations as a crypto-only entity. The restoration of USD services opens the door to enhanced accessibility for users, permitting them to engage in
Exchanges
In a significant development that underscores the growing regulatory scrutiny in the cryptocurrency sector, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited, seeking a staggering $81 billion in unpaid taxes and penalties. The enormity of this claim—with $79.5 billion attributed to economic damages alone—has sent shockwaves through the financial
The world of cryptocurrencies, while heralded for its potential to democratize finance, has also become a fertile ground for deception and criminality. Richard Teng, the CEO of Binance, recently shed light on a sophisticated scam known as the “share-seed-phrase” scheme, which highlights the evolving nature of fraud in the digital asset space. Unlike traditional phishing
The cryptocurrency market has always been dynamic, but certain digital assets like XRP have recently captured significant attention due to their exceptional trading performance. A recent report from Kaiko indicates that XRP has outpaced other cryptocurrencies on U.S.-based exchanges, highlighting a substantial spike in trading volumes since November. This uptick not only underlines the shifting
Recent speculation regarding the future of Binance, the prominent cryptocurrency exchange led by its founder and former CEO Changpeng ‘CZ’ Zhao, has stirred considerable interest and confusion among users and investors alike. In a social media clarification dated February 17, CZ staunchly denied any intentions of selling the exchange, particularly amidst reports suggesting that the
In a significant development in the world of cryptocurrency, Bybit’s CEO Ben Zhou recently announced on social media that the exchange has successfully shed its status on the Autorité des Marchés Financiers (AMF) blacklist of France. This achievement comes after a diligent two-year effort aimed at resolving compliance issues that had previously halted Bybit’s operations
As 2024 came to an end, Coinbase, the prominent cryptocurrency exchange, demonstrated its remarkable adaptability and growth potential by reporting an impressive $2.3 billion in revenue for the fourth quarter, vastly outpacing market forecasts of $1.87 billion. This figure not only underscores the company’s resilience but also marks an astonishing 88% increase compared to the
In a remarkable turnaround, Robinhood experienced a monumental 400% increase in its cryptocurrency trading volume during the fourth quarter, culminating in an impressive $70 billion. This surge can largely be attributed to a renewed surge of interest from retail investors, propelled by Bitcoin’s astounding ascent past the $100,000 mark. The charismatic revival of the larger
The landscape of cryptocurrency trading has witnessed a transformative shift, particularly highlighted by the impressive performance of the CME Group in the fourth quarter of 2024. The exchange reported unprecedented trading volumes in crypto derivatives, signaling a robust surge in both institutional and retail appetite for regulated digital asset products. Averaging around $10 billion in
Crypto.com has made a significant advancement in its operations by officially launching its crypto asset services throughout the European Economic Area (EEA). Announced via a social media post on February 12, the exchange expressed pride in its ability to provide services across all member states, which is poised to elevate its brand presence in key
