Trading Volume on Crypto Exchanges hit 2-year Low: The Block

According to the data from media outlet The Block, the trading volume on crypto exchanges has hit a 2 year low.

According to the data from The Block, the trading volume on crypto exchanges has hit a 2 year low. The current volume on trading platforms are similar to those witnessed in December 2020 when Bitcoin broke $22,000. The trading volumes fell by over 50% when multi-billion dollar crypto exchange FTX filed for bankruptcy. Moreover, the … Read more

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News

Monetary Autority of Singapore Clarifies Why It Treats Binance and FTX Differently — Warns Even Licensed Crypto Exchanges Can Fail

The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.” Singapore’s Central Bank Clarifies Its Stance on Binance … Read more

Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News

Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News

Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access … Read more

Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin – Exchanges Bitcoin News

Austrian Crypto Exchange Bitpanda Secures Trading License From Germany's BaFin – Exchanges Bitcoin News

Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform … Read more