FTX may be planning to purchase stake in BlockFi: Report
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Go to Source Powered by WPeMatico
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Bybit enters into settlement agreement with Ontario Securities Commission
Bybit is currently holding listing discussions with the provincial regulator, and if the process fails, the firm will cease operations in Ontario. Go to Source Powered by WPeMatico
Coinbase to shut down Coinbase Pro to merge trading services
Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. Go to Source Powered by WPeMatico
Canadian regulator takes enforcement actions against Bybit and Kucoin
“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC. Go to Source Powered by WPeMatico
Celsius’ crisis exposes problems of low liquidity in bear markets
Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins. Go to Source Powered by WPeMatico
Binance-owned Trust Wallet adds buy option via Binance Connect
Binance’s self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity. Go to Source Powered by WPeMatico
Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline. Go to Source Powered by WPeMatico
Crypto.com scores approval from Singapore finance regulators
The cryptocurrency exchange will get a Major Payment Institution License from the country’s top financial regulator. Go to Source Powered by WPeMatico
FTX US acquires Embed Financial subsidiary for stock trading platform
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer. Go to Source Powered by WPeMatico
Crypto exchange BlockFi secures $250M credit from FTX amid bear market
At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds Go to Source Powered by WPeMatico