Royal Bank of Scotland Limits User Transfers to Crypto Exchanges
Users complained about the Royal Bank of Scotland’s decision to limit transfers to crypto exchanges to GBP 1,000 per day.
Crypto Exchange
Bitget Initiates Aid for Earthquake Victims in Turkey, Syria
Following reports of a 7.8-magnitude earthquake in Turkey and Syria, crypto exchange Bitget announced that it will be sending aid to victims.
Market Shares of Crypto Exchanges Announced
Huobi`s market share declined from 22% in 2020 to 4% in 2022, OKX dropped from 21% to 9%, while Binance climbed from 37% to 57%. Read CNL for more.
CZ: No Amount of Withdrawal Will Put Binance Under Pressure
Binance CEO Changpeng Zhao (CZ) went live on Twitter Spaces on December 14 to answer multiple questions regarding pressing issues today. During the ask-me-anything (AMA) session, he remarked “no amount of withdrawals” will put the exchange “under pressure.” To bring the uninitiated up to speed, Binance customers have been withdrawing their funds from the exchange en masse. In fact, on December 13 alone, Binance processed at least $6 billion. Earlier today, CZ posted that they have processed even more when the first version of TerraUSD (UST) and Terra (LUNA) collapsed. Also, he said that yesterday’s withdrawals were a mere “stress
Gemini has Less Than $100M Worth of Stablecoins Left
A recent report reveals that Gemini’s stablecoin stockpile is now below $100 million. The FTX disaster may explain the continuous money drain.
Bybit CEO to Lay Off Up To 30% of Global Headcount
Bybit, a derivatives exchange, announced plans to reduce staff as part of ongoing business reorganization on 4th December 2022. Read CNL for more.
Influencers Advise Withdrawal of Funds From Exchanges
Influencers in the cryptocurrency sector have been advising that all funds be completely withdrawn from exchanges like Gate.io and Cex.io. Read CNL.
Moscow Exchange To Become a Cryptocurrency Exchange
MOEX is imposing a bill to make it a crypto exchange. The measure lies in the hands of the Central Bank. Twitter users have criticized the move by the Moscow Exchange. The largest stock market, the Moscow Stock Exchange (MOEX), has agreed to draft legislation allowing it to function as a cryptocurrency exchange. This is brought to us by an update from the Bitcoin Archive. The demand for cryptocurrencies grows day by day, and various governments, notably Russia, are seeking measures to satisfy it. The measure by the Moscow exchange is presently in the hands of the Central Bank, which
Crypto CEOs Step Down to Focus on Their Strengths
Kraken’s CEO Jesse Powell stepped down to be chairman. The CEO’s action was followed by the stepping down of fellow CEOs of Genesis, Alameda, and MicroStrategy. Due to extreme market volatility, “this is a time where you’re seeing a lot of exits,” said the crypto practice head of Korn Ferry. The industry’s ‘crypto meltdown’, which caused numerous bankrupted crypto firms and thousands laid-off, was looking at another trend as CEOs are stepping down in some leading crypto firms. As announced on Wednesday, the founder of crypto exchange Kraken Jesse Powell stepped down as CEO of the crypto exchange. In addition,
Coinbase’s Pledge to Upgrade Economic Freedom
Coinbase has been on a mission to make crypto more accessible and user-friendly. It was once suspected that insiders at Coinbase had traded on inside information. Coinbase is moving forward with its plans to make cryptocurrencies more mainstream. Updates from Coinbase, a cryptocurrency exchange, have stated that it would be expanding its services to allow more people to participate in the digital economy. Coinbase has been on a mission to make cryptocurrencies more accessible and user-friendly. Last year, the company launched Coinbase Commerce, which allows merchants to accept payments in digital currencies. Last month followed with Coinbase announcing that it
Kraken Accused of Violating U.S. Sanctions In Iran
Foreign Assets Control has been investigating Kraken. U.S. crypto exchange Kraken faces U.S. sanctions. Possible fines for violating the sanctions. In recent reports, crypto exchange platform Kraken is under federal investigation for potentially violating U.S. sanction laws. The exchange platform allowed users in Iran and elsewhere to potentially buy and sell digital currency. In a recent tweet by the Wu Blockchain, Kraken is suspected of allowing users to buy and sell digital assets in sanctioned countries like Iran. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) is investigating the platform, and they could face fines for violating the sanctions.
Kraken Beats Binance as ‘Favorite Cryptocurrency Exchange’
Kraken takes the title of the people’s choice for favorite crypto exchange. A Reddit thread asked which crypto exchange users most preferred to use. The community shared many reasons for why they chose Kraken. According to an interesting discussion on a Reddit thread, Kraken has trumped Binance for the crown of favorite crypto exchange. Indeed, it seems Kraken is the most popular cryptocurrency exchange in the hearts and minds of many crypto enthusiasts. In a subreddit thread ‘CryptoCurrency’, one user asked the community what crypto exchange is their overall favorite to use. In response, Kraken crypto exchange got the highest
