Coinbase UK, one of the leading cryptocurrency exchanges, is taking proactive steps to comply with the Financial Conduct Authority’s (FCA) upcoming financial promotions regulations. As of January 8, Coinbase UK is requesting its users to complete a risk-acknowledgment form. This form aims to identify the investor type of users and assess their understanding of the
Exchanges
The crypto exchange Binance experienced a significant decline in market share in the past year, dropping to 44.5%. This decline comes after a period of rapid growth for Binance, where its market share reached a peak of 60% in 2022. However, regulatory hurdles and legal actions in various jurisdictions, particularly in the United States, have
Crypto exchange OKX recently announced that it will be implementing new requirements in order to comply with the rules set by the UK Financial Conduct Authority (FCA). These requirements will affect users in the United Kingdom, and it is important to understand the implications of these changes. Starting on January 8th, OKX users in the
In a recent court filing dated Dec. 20, it has been revealed that former FTX CEO, Sam Bankman-Fried, has been denied his request for an adjourned sentencing hearing. Bankman-Fried, who had hoped for a postponement of four to six additional weeks, would have seen his sentencing date pushed into May 2024. However, this request has
Decentralized exchanges (DEX) on the Solana blockchain have experienced significant growth, surpassing the trading volume of Ethereum for the first time on December 16. This development highlights the increasing adoption and strength of Solana’s smart-contract-enabled ecosystem. Although Ethereum has since regained its dominance, the brief flip serves as a testament to the flourishing decentralized finance
Coinbase recently made headlines when it announced its decision to add Bonk (BONK), a Solana network token, to its list of tradable assets. This move marked a significant addition to Coinbase’s offerings, which already include memecoins like Shiba Inu and Dogecoin. Despite being a memecoin, BONK has managed to secure a position among the top
Cryptocurrency exchange Gemini has unveiled a reorganization plan that estimates users of its Gemini Earn platform will only recover between 61% and 100% of the value of their pending Earn balance as of January 19, 2023. The plan, disclosed in an update on Gemini’s website, has sparked widespread outrage among users who label it as
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently reached a settlement with cryptocurrency exchange CoinList regarding violations of sanctions related to Russia and Ukraine. Over a two-year period, CoinList processed 989 transactions worth $1.25 million from users residing in Crimea, a disputed region that was annexed by Russia in 2014. OFAC deemed this
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in its Bitcoin balance during the month of November. According to the latest proof of reserves report, the exchange’s Bitcoin balance dropped by over 23,000 BTC, or roughly 4%. This decline directly correlates with the regulatory issues Binance faced with U.S. authorities. The report
The UK Financial Conduct Authority (FCA) has recently added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without proper authorization. This move by the financial regulator highlights the need for caution when dealing with Poloniex and raises concerns among UK residents. This article will delve into
