The U.S. Justice Department has stated that it would drop multiple criminal charges filed against FTX Sam Bankman-Fried if the Bahamian government says that they violated the terms of his extradition.
Binance is reportedly exploring a plan to allow some of its institutional clients to keep their trading collateral at a bank instead of storing it on the trading platform.
The Russian Government has abandoned a plan to launch a national crypto exchange. The country will instead establish a regulatory framework for crypto trading platforms which would help local businesses avoid sanctions.
Binance CEO Changpeng Zhao recently revealed that his company plans to make investments into several bank. By becoming a minority investors, the exchange will try to guide the banks towards crypto friendly policies.
A joint venture between Binance and Gulf Innova is set to launch a new crypto exchange in Thailand by Q4'2023 after receiving regulatory approval from the country's Ministry of Finance.
Summary: TradeBlock will shutter its institutional trading platform come May 31, per a DCG announcement. Bloomberg reported that parent company Digital Currency Group (DCG) arrived at the decision amidst the hostile crypto regulatory atmosphere in the U.S. The company is also experiencing cash problems and missed a $630 debt repayment...
Coinbase has signed a licensing deal with Bitpanda to leverage the latter's infrastructure to cater to European banks looking to serve digital asset clients.
Binance has responded to a report published by Reuters earlier today, which alleged that the crypto exchange commingled customers' funds with company revenue between 2020 and 2021
