EXCHANGES
Blockchain.com May Suffer $270M in Losses for 3AC's Insolvency
Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital's inability to repay loans due to the bankruptcy and liquidation of Three Arrows Capital.
MoonXBT Eliminates Fees on Multiple Spot Trading Pairs
MoonXBT is no longer charging fees for multiple spot trading pairs to ease the burden on users during the ongoing economic crisis.
Binance Taps Operating License from the Bank of Spain
Binance cryptocurrency exchange has received the license to operate in Spain through its subsidiary in the country, Moon Tech Spain SL
Bitstamp Scraps Inactivity Fee Plan
Bitstamp had announced that as of August 1, it will start charging a monthly 10 euro fee to users with an inactive account to make up for costs. However, the exchange changed their mind within a day.
Smart Contracts Enables Commodity Trading Transformation, GSCG Report Shows
Given that commodity trading is highly fragmented, blockchain-driven smart contracts can transform this sector by redefining market transactions and transparency, according to a Global Smart Commodity Group (GSCG) report.
Bitstamp to Charge Inactive Fee to Make Up for Costs
Inactive users of the cryptocurrency exchange Bitstamp platform will have to pay a fee to make up for costs, according to a report from The Block.
Huobi's Subsidiary HBIT Taps MSB License in US
HBIT Inc, one of the subsidiaries of Huobi Technologies, has received the Money Services Business Registration License (MSB) issued by the U.S. Financial Crimes Enforcement Bureau (FinCEN).
Binance Eliminates Fees on Spot Bitcoin Trading to Mark 5th Anniversary
Crypto exchange Binance is marking its 5th year anniversary in a special way, with the elimination of trading fees of Bitcoin spot trading pairs.
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld has become the latest crypto firm to halt trading, deposits, and withdrawals. The lender is exploring improvements in its corporate performance through restructuring exercises.
KuCoin CEO Quashes Rumours of FUD as its Exchange Might Halt Withdrawals
Over the weekend, Johnny Lyu, the Chief Executive Officer of KuCoin Exchange allayed all FUD sentiment that the trading platform may halt withdrawals by the ongoing meltdown in the market.
