KuCoin, a prominent cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a noticeable decrease in user assets on the platform. A proof-of-reserve certificate released by the exchange highlighted the sharp decline in user holdings, with Bitcoin balances dropping by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances saw a decrease
Currency exchange
Recently, the government of Argentina has taken a significant step towards regulating the cryptocurrency sector within the country. This move has stirred up mixed reactions within the crypto community, as it goes against the expectations set by the nation’s new leader, Javier Milei, who is known for his small-government libertarian views. The creation of a
The news of Tigran Gambaryan, a Binance executive, taking legal action against the Nigerian authorities has sent shockwaves through the cryptocurrency community. The case, involving allegations of wrongful detention by the Office of the National Security Adviser and the Economic and Financial Crimes Commission, has sparked a fierce legal battle unfolding in Nigeria. The Fundamental
The Binance-linked HKVAEX exchange recently made headlines after it announced the closure of its services and the withdrawal of its application for an operational license in Hong Kong. The decision came approximately three months after the exchange applied for the license with the Securities and Futures Commission (SFC) in Hong Kong. The exchange, operating as
Ethereum has been showing strength in maintaining its position above the $3,500 mark, indicating a bullish sentiment among investors who are hopeful for a return to the $4,000 level. However, this optimism has fluctuated, as Ethereum recently fell from the $4,000 price level and is currently trading below $3,600. This price volatility showcases the uncertainty
The recent allegations against major cryptocurrency exchange KuCoin and its founders for failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures have sparked controversy within the crypto community. This article will delve into the details of the accusations, the implications for KuCoin and its founders, as well as the impact on the cryptocurrency market.
Recent US criminal charges against KuCoin have raised concerns about the exchange’s operational stability. However, CEO Johnny Lyu has reassured users that their funds are safe and that the platform will continue to function without any disruptions. Despite facing allegations of flouting anti-money laundering laws, KuCoin remains confident in its ability to provide a secure
Recently, Binance announced that it would be ending support for Tron network-based USD Coin (USDC) stablecoins by April 5. This decision comes after Circle, the company behind USDC, decided to pull out of the Tron blockchain entirely. This news means that Binance users now have less than two weeks to withdraw their assets or convert
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, is gearing up to introduce futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company recently filed letters with the United States Commodity Futures Trading Commission (CFTC) outlining their plans to launch monthly cash-settled and margin futures
The price of Ethereum has been facing challenges as the month progresses, despite a strong start. The bearish pressure in the cryptocurrency market has been impacting Ethereum, leading to a negative sentiment surrounding the “king of altcoins.” One significant concern contributing to this sentiment is the regulatory uncertainty surrounding ETH, adding to the bearish pressure