Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a warning to the four founders of OPNX Exchange and CEO Leslie Lamb, accusing them of operating an unlicensed and unregulated cryptocurrency exchange. The founders named in the warning include Mark Lamb, Sudhu Arumugam, and Su Zhu and Kyle Davies, who were founders of failed crypto hedge
Exchanges
Changpeng Zhao (CZ), the CEO of Binance, has stated that the success of the cryptocurrency industry should not be based on the failures of traditional banking systems. During a Twitter AMA, CZ responded to a question regarding whether banking collapses could benefit Bitcoin. He explained that both banking and crypto can coexist and that it
Coinbase, one of the world’s largest cryptocurrency exchanges, has launched an international exchange that allows institutional traders outside the US to trade Bitcoin (BTC) and Ethereum (ETH) perpetual futures. The new platform will be settled in USD Coin (USDC) with no fiat on-ramps required. The company’s perpetual futures contracts offer up to five times leverage.
During a recent Ask Me Anything (AMA) session, Kris Marszalek, CEO of Crypto.com, discussed plans for new benefits on the Crypto.com card during the upcoming bull market. In the last bull cycle, Crypto.com cardholders enjoyed enticing benefits, including substantial cashback and increased staking rewards, but these were cut in response to deteriorating market conditions. Marszalek
In response to a recent consultation by the UK HM Treasury on the regulation of crypto-assets, Binance has stated that a regulatory framework for crypto should prioritize consumer protection, market integrity, and financial stability. The exchange believes that regulators need to take a balanced approach to regulating the crypto industry to ensure that it can
The U.S. Securities and Exchange Commission (SEC) has imposed fines and cease-and-desist orders on three parties involved in UpToken, a cryptocurrency securities offering. Up Global, Coinme, and Neil Bergquist, CEO and founder of both companies, were found to have sold securities without registering and without obtaining an exemption from registration. The three parties raised $3.65
Binance CEO Changpeng Zhao has announced that he will prevent crypto entrepreneur Justin Sun from farming SUI tokens with his $56.1 million True USD (TUSD) deposit. This follows Whale Alert’s report on May 1st that Sun had made the deposit, leading to speculations that he was attempting to farm the SUI token through LaunchPool. Binance’s