Sunday, May 28, 2023

Exchange News

PancakeSwap Completes CAKE Burning Event; Burns Tokens Worth $31M

PancakeSwap tweeted that the blockchain burnt 6,780,013 CAKE.The burnt CAKE is worth $31 million.The tokens were gained through trading, auction, prediction, NFT, and lottery. The...

Bankman-Fried Sheds Light on How FTX Would Approach a Celsius Bid

CEO Bankman-Fried shared details on how FTX might purchase Celsius' assets. BnkToTheFuture CEO accused FTX CEO of proposing Celsius' assets for cents.Bankman-Fried clarified that...

Coinbase Resolves Technical Issues; No More Hindrances

Dennis Porter tweeted on the fixation of Coinbase’s technical issues.Coinbase encountered technical issues that restricted users from transactions.After some hours, the company announced that...

WazirX Dismantles its Entire Public Policy & Communication Team

WazirX fired its entire public policy and communication team last Friday.A estimated 50 to 70 workers, representing 40% workforce, were sacked.The company pinned blames...

Korea’s DAXA to Implement Consumer Protection Measures for Crypto

Korean Crypto Alliance DAXA announces guidelines for consumer protection.The guidelines cover various risk assessment measures.The exchanges will offer transaction support to its consumers. The Digital...

Japan Proposes Rules To Combat Crypto-Exchange Money Laundering

Japan is planning new rules that will combat crypto-exchange money laundering.The country’s travel rules will be expanded to include crypto and stablecoins.The legislation will...

Korean Exchange Upbit to Build Monitoring Center with LUNC Revenue

Upbit plans to establish virtual asset monitoring services with LUNC revenue.The fees stand at 239.13025970 bitcoin, equivalent to over $4.5 million.Upbit would divide the...

Bankrupt Firm Voyager Accepts FTX’s $1.4B Asset Acquisition Bid

Voyager has picked FTX.US as the best bid for its assets after multiple bidding rounds.FTX bid $1.422 billion, comprising the fair market value of...

Canada’s Crypto Exchange Announces Its Acquisition of CoinSmart

Canada’s leading crypto exchange bought the crypto trading platform CoinSmart.The agreement would allow Coinsquare to purchase a definite amount of shares of Simply Digital.Both...