Binance Launches Tax Reporting Tool
Binance, a leading crypto exchange, has taken a step forward to help its users comply with local tax regulations by launching a tax reporting tool called “Binance Tax.” With this tool, users…
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Bithumb Owner Kang Jong-hyun Arrested for Stock Manipulation and Embezzlement
South Korean authorities arrested Kang Jong-hyun, who is said to be the real owner of a local cryptocurrency exchange called Bithumb. He is accused of stock manipulation and embezzlement. Local media outlets…
FTX Suing Voyager Digital for $445.8M in Loan Repayments
FTX, once a top crypto exchange, is suing Voyager Digital, a crypto lender, seeking to reclaim $445.8 million in loan repayments made prior to FTX’s bankruptcy in November 2022. The two companies…
Binance and Mastercard Join Hands to Launch Prepaid Crypto Card in Brazil
Binance and Mastercard have partnered to introduce a new prepaid crypto card in Brazil. The Binance Card enables Binance users in Brazil to pay bills and make payments using 13 cryptocurrencies, including…
Bithumb Under Special Tax Investigation by South Korean National Tax Service
South Korea’s National Tax Service (NTS) is conducting a “special tax investigation” into cryptocurrency exchange Bithumb, according to local media reports. The investigation comes amid a series of controversies surrounding the exchange,…
Coinbase Expands Partnership with Soccer Club Borussia Dortmund
Coinbase, the US-based cryptocurrency exchange, has announced an expanded partnership with German soccer team Borussia Dortmund (BVB). The platform, which was previously an advertising partner of the Bundesliga club, will now serve…
Crypto Exchanges Shouldn’t “Self-Certify” Tokens: CFTC Commissioner
A US Commodity Futures Trading Commission (CFTC) commissioner has asked Congress to stop letting cryptocurrency exchanges “self-certify” and list tokens without supervision. The head of the CFTC, Christy Goldsmith Romero, said, “I’m…
Bithumb Must Compensate Investors for Monetary Losses: South Korean Court
The Bithumb must pay more than 100 users who filed legal claims for monetary losses as a result of the exchange’s service interruption, according to a ruling by the South Korean Supreme…
Gemini Exchange and Genesis Are Charged by the SEC for Offering Securities
For selling unregistered securities through Gemini’s “Earn” program, the SEC has filed charges against Genesis Global Capital and Gemini Global Capital. Genesis, a division of the crypto conglomerate Digital Currency Group (DCG),…
Coinbase to Eliminate 950 Jobs by the End of the Second Quarter
In order to streamline its operations, Coinbase intends to eliminate about 950 positions by the end of the second quarter. Including $58 million in cash charges for employee severance, the company estimates…
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