OKX SG, the Singaporean entity of the crypto exchange OKX, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is considered highly valuable in Singapore, as it enables businesses to operate without daily or monthly transaction limits. To be eligible for the MPI
Exchanges
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. This decision comes after Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being
Two major crypto exchanges, Binance and Bybit, have recently dropped hints about launching new products related to Solana. The mysterious messages shared by both exchanges have left the crypto community speculating about a potential entrance into the Solana liquid staking market. Liquid staking is gaining traction as a popular way for users to earn additional
WazirX, a crypto platform that fell victim to a $234 million hack in July, has recently entered into an initial 30-day moratorium. This decision is pending a ruling by Singapore’s High Court on whether to grant an extension. The moratorium was filed by Zettai Pte, the company behind WazirX’s operations, triggering a freeze that will
The US government has recently responded to Ryan Salame’s attempt to void his guilty plea, which he argues was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. The US Attorney’s Office called Salame’s claims “demonstrably false,” emphasizing that the charges against Bond are distinct and ongoing. Salame, who was
Indian cryptocurrency exchange WazirX has recently expressed concerns regarding external parties not invested in the platform attempting to prolong its restructuring process for their own gains. The exchange fears that these parties are focused on creating and sustaining “uncertainty” rather than working towards finding a resolution to the current situation. Following a major security breach
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused
Coinbase, a popular crypto exchange, recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration from MATIC to POL is set to begin on Aug. 26, with Coinbase facilitating the process for its users in the coming months. During the
In a recent statement shared with CryptoSlate, Binance, the leading crypto exchange, announced that it had successfully prevented over $2.4 billion in potential user losses from scams and fraud within the first seven months of 2024. This innovative approach highlights a significant step towards protecting users and their assets within the volatile crypto market. Binance
Following the $235 million hack targeting Indian crypto exchange WazirX, the platform has decided to end its asset custody arrangement with Liminal. The exchange announced on August 14 that it would be moving its assets from Liminal to new multi-signature wallets to enhance security. This decision comes in the wake of the recent breach and