• 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…
• 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…
• 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…
• 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…