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Crypto Exchange OKEx Is Shutting Down In South Korea

Crypto Exchange OKEx Is Shutting Down In South Korea

Bernice Nyambura - March 23, 2021

Coinbase Exits Blockchain Association in Alleged Disappointment of Recent Admittance of Binance.US

Coinbase Exits Blockchain Association in Alleged Disappointment of Recent Admittance of Binance.US

Coinbase reportedly lands contract to provide blockchain analytics to the US Secret Service

Coinbase reportedly lands contract to provide blockchain analytics to the US Secret Service

Organized? Crypto Exchanges Bitfinex And OKEx Hit By Sophisticated DDoS Cyberattacks At Almost The Same Time

Changpeng Zhao Attributes The Recent DDoS Attacks On Binance To ‘Self-Perceived Competitors’

Binance Launches Binance Card That Lets Users Shop And Pay With Crypto Around The World

Binance Launches Binance Card That Lets Users Shop And Pay With Crypto Around The World

Binance Seeks to Beat LocalBitcoins in Latin America

Binance Seeks to Beat LocalBitcoins in Latin America

Marco Tulio - March 19, 2020

Bitcoin Gears Up For Another 9 Million Percent Rise As The World Braces For The Next Financial Crisis

Bitcoin Gears Up For Another 9 Million Percent Rise As The...

Nick James - March 2, 2020

Binance Announces ‘First Bank Channel Integration’ With the Biggest Bank in Turkey for Direct Lira Transactions

Binance Announces ‘First Bank Channel Integration’ With the Biggest Bank in...

Tolu - March 2, 2020

Organized? Crypto Exchanges Bitfinex And OKEx Hit By Sophisticated DDoS Cyberattacks At Almost The Same Time

Organized? Crypto Exchanges Bitfinex And OKEx Hit By Sophisticated DDoS Cyberattacks...

Brenda Ngari - February 28, 2020

Binance CEO Strikes Back At ‘FUD’ Over Reports That Exchange Is Not Authorized To Operate In Malta

Binance CEO Strikes Back At ‘FUD’ Over Reports That Exchange Is...

Brenda Ngari - February 21, 2020

Binance Now Supports Bitcoin, Ethereum, XRP Direct Purchase With Russian Rubles

Binance Has No License To Operate In Malta, Says Financial Watchdog

Tolu - February 21, 2020

Kyber Network (KNC) Glides Against Market Downturn To Rally 13% Ahead Of Coinbase Pro Listing

Kyber Network (KNC) Glides Against Market Downturn To Rally 13% Ahead...

Brenda Ngari - February 20, 2020

Coinbase Pro Introduces Margin Trading For Eligible Customers

Ponvang Bulus - February 12, 2020

Altsbit Crypto Exchange Closes Shop Following Recent Hack

Altsbit Crypto Exchange Closes Shop Following Recent Hack

Steve Muchoki - February 10, 2020

Poloniex Delists Digibyte After Founder Took Aim At Justin Sun’s Tron

Poloniex Delists Digibyte After Founder Took Aim At Justin Sun’s...

Brenda Ngari - December 5, 2019

Bitfinex Launches Bitcoin Lightning Network Support – Huge Step For Lightning...

Jide Idowu - December 3, 2019

Coinbase Holds Over $7 Billion Worth Of Bitcoin In Its Cold Wallet - Huge Centralisation Risk_

Coinbase Holds Over $7 Billion Worth Of Bitcoin In Its Cold...

Tolu - December 2, 2019

Crypto Adoption: Binance Acquires WazirX Exchange To Expand Operations In India Binance, one of the world’s largest exchange, announced on Thursday (November 20) that it had acquired WazirX, - a decision aimed at establishing a strong presence in India as well as fostering crypto adoption in the country not-so-welcoming to cryptocurrencies. The deal will allow Indian traders to buy and sell cryptocurrencies using Indian Rupees as from November 25 after integration with the Binance Fiat Gateway. Binance Acquires India’s Largest Cryptocurrency Exchange According to The Economic Times India, Binance acquired WazirX - the largest peer-to-peer crypto exchange in India - for an amount ranging somewhere between $5 million and $10 million, to build fiat-to-crypto bridges for the more than 1 billion residents in India. Through this integration, traders will be able to buy tether ( UDST) directly from Binance exchange using Indian Rupee, which they can subsequently use to trade any cryptocurrency on the WazirX exchange. Speaking about this new acquisition, Binance CEO Changpeng Zhao said the firm’s main goal is to foster crypto adoption by “adding more fiat currencies to Binance and work with local partners to add as many fiat-to-crypto pairs as possible”. Notably, Binance has been on a spree to increase fiat-to-crypto operations in as many countries as possible. Over the last couple of months, Binance has already launched the fiat-to-crypto service in countries like Singapore, Jersey, United States and Uganda. On his account, CEO of WazirX Nischal Shetty opined that the next phase of mainstream crypto adoption will start in developing countries like India and this Binance partnership will not be confined to the Indian crypto circle but will also help other developing countries that require fiat on-ramps. As aforementioned, Indian authorities are quite hostile towards cryptocurrencies. India has followed the lead of other countries like China and Indonesia that have imposed harsh restrictions surrounding cryptocurrency trading. Case in point, in April 2018, India’s central bank, the Reserve Bank of India ordered all banks and other financial institutions to stop any operations with people dealing in cryptocurrencies. Now in July this year, an inter-ministerial committee formed by the Indian government proposed banning of cryptocurrencies, including jail terms and hefty fines for anyone caught selling, buying or mining virtual currency. However, none of this has happened yet, and Binance's acquisition of WazirX could be a harbinger of more good things to come for crypto enthusiasts in India

Crypto Adoption: Binance Acquires WazirX Exchange To Expand Operations In India

Brenda Ngari - November 21, 2019

Over 23,000 Emails Leaked Following BitMEX Email Catastrophe

Over 23,000 Emails Leaked Following BitMEX Email Catastrophe

Jide Idowu - November 3, 2019

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