CEX Spot Trading Volume Dropped 20% in Q3 2023.
Analysts said last quarter was a turbulent one for crypto exchanges.The top 10 centralized crypto exchanges (CEXs) recorded a spot trading volume of $1.12 trillion in Q3 2023, indicating a…
South Korea’s Crypto Craze: 6 Million Investors and the Rise of Centralized Exchanges.
Approximately 10% of the population in South Korea have made investments in cryptocurrency.South Korea has emerged as a global hotspot for cryptocurrency investment in recent years, according to a recent…
Ripple CEO Criticizes Former U.S SEC Chairman Jay Clayton.
Clayton blasted current SEC Chairman Gary Gensler for his handling of proceedings.The former SEC chairman departed the SEC days after the Ripple case was filed.When it comes to debates over…
Not Just Crypto: Australian Police Unravel Currency Exchange Laundering Nearly $230 Million in Illegal Funds.
AFP uncovered Long River syndicate, laundering $229 million through 12 establishments in Australia. 7 arrests were made in Melbourne. The Australian Federal Police (AFP) has uncovered a money laundering syndicate,…
South Korea’s Crypto Market Surges with Altcoin Dominance.
South Korean investors have a strong preference for altcoins and local tokens in their crypto portfolios. South Korea now boasts 6 million crypto investors, comprising 10% of its population.South Korea…
Crypto Isn’t Primarily Responsible For Terrorist Financing, Says US Treasury Official
Though not a major terror issue today, the department’s deputy secretary says they intend to prevent crypto from becoming one.U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on…
Ireland Grants VASP License to Standard Chartered-Backed Zodia Markets.
Zodia Markets may now provide OTC crypto services to institutional customers.Before the MiCA goes into force, Ireland is shaping up to be a major crypto hub.Zodia Markets, a platform for…
Virtual Asset Management Bill Introduced in Taiwan’s Parliament
The 30-page measure seems to provide reasonable requirements for the sector.The proposed legislation sets a penalty for unlicensed VASPs. The Virtual Asset Management Bill was proposed to the Legislative Yuan,…
Gemini Sues Genesis Global To Recover 60 Million GBTC.
This complaint follows a similar one filed by NYAG Letitia James a week earlier.Gemini has launched an action to acquire possession of the GBTC shares.In a lawsuit against Genesis Global,…
Crypto Exchange Trading Crash Affects CEO of Binance CZ as He Lost $12 Billion From Net Worth.
The Bloomberg Billionaires Index has significantly reduced its estimate of the profits earned by the cryptocurrency exchange Binance, citing a 38% decrease in trading volumes this year. This led to…