Asset management giant BlackRock has recently announced its selection of Coinbase as the key infrastructure provider for its new tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund, as stated by BlackRock, aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets
Exchanges
BitMEX, a popular cryptocurrency exchange, is currently investigating unusual activity that occurred involving a user selling large orders on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the platform, causing the price of Bitcoin to crash by 87% to as low as $8900 before correcting back to its actual
The recent decision by crypto exchange OKX to delist Tether (USDT) pairs in the EU and only support USDC and Euro-based stablecoin pairs has caused quite a stir in the cryptocurrency community. This move comes on the heels of draft technical standards released by the EU related to stablecoins, which are expected to go into
Shockwaves reverberated through the financial world as federal prosecutors unveiled the extent of the fraudulent activities orchestrated by FTX founder Sam Bankman-Fried (SBF). The US Attorney’s Office for the Southern District of New York did not mince words in its sentencing memorandum, painting a damning picture of SBF’s misdeeds that shook the very foundations of
In a surprising move, Binance spun off its venture capital arm, Binance Labs, into an independent entity worth $10 billion. This decision, made by the exchange’s new CEO Richard Teng, marks a significant shift in the company’s organizational structure. The move was highlighted by Bloomberg in a report on March 15, bringing attention to the
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC, a virtual asset trading platform targeting investors in the city. The SFC emphasized that MEXC is not licensed by the commission and therefore is in violation of local laws. According to the SFC, under the
Binance, one of the largest cryptocurrency exchanges in the world, has recently found itself embroiled in a contentious dispute with Nigerian authorities. This conflict has escalated to the point where two senior executives from Binance were detained in Nigeria due to allegations of manipulating the local fiat currency. Despite acknowledging Nigeria’s “extraordinary potential,” Binance has
Crypto.com, a popular crypto trading platform, has recently been hit with a substantial fine of €2.85 million ($3.1 million) by the Netherlands Central Bank. The penalty was imposed on Crypto.com’s Dutch trading entity, Forix DAX Mt, for operating within the European country without proper registration for a period of two years. This violation of Dutch
Coinbase, a leading cryptocurrency exchange platform, recently made headlines with its announcement of a $1 billion bond offering aimed at fueling its growth and expansion strategies. The move involves issuing unsecured convertible senior notes that are due to mature in 2030. This offering provides investors with the opportunity to convert their holdings into Coinbase shares
The recent reports of the Nigerian government obtaining a court warrant to detain Binance officials have raised concerns about the treatment of foreign executives in the country. The officials were reportedly held in Abuja without access to their passports for at least twelve days. This incident has sparked a debate on the transparency and fairness