Binance Employees Reportedly Help Chinese Customers Bypass KYC Verification

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• Binance, the world’s largest cryptocurrency exchange, has reportedly been facing a security issue. • According to an investigation conducted by CNBC, some employees at the exchange have been helping Chinese customers to bypass the Know-Your-Customer (KYC) verification process. • Binance’s response was to take action against any employees found violating their internal policies and…

or Coinbase Eyes Crypto Trading Platform Outside US Reach

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• Coinbase is exploring the possibility of setting up a cryptocurrency trading platform in a jurisdiction outside US regulatory reach. • This move could expand Coinbase’s offerings to a global client base and increase its liquidity for institutional clients. • Establishing a presence overseas could provide the exchange with added benefit of diversifying its risks…

Alameda Research Sells Interest in Sequoia Capital to N Abu Dhabi

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• The US Bankruptcy Court for the District of Delaware recently revealed that Alameda Research sold its interest in Sequoia Capital to N Abu Dhabi sovereign wealth fund. • Judge John Dorsey has approved the sale and also allowed FTX to sell some of its assets, including those of LedgerX, Embed, FTX Europe, and FTX…

Fed’s March 22 FOMC Meeting to Shape Bitcoin, Crypto Markets in 2023-2024

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• The March 22 meeting of the U.S. Federal Reserve (FOMC) is the most important of the year and could determine the trend for Bitcoin and crypto markets through 2023-2024. • QCP Capital, a leading digital asset trading firm in Asia, believes that the dollar index (DXY) will remain as a key indicator for these…