Wednesday, February 26, 2025
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Crypto Exchange Binance Slashes Worker Benefits as Profit Falls: WSJ

Changpeng “CZ” Zhao, Binance’s CEO, however, told workers in a company meeting on Friday that Binance was still profitable and had not been impacted by the recent lawsuit against it by the U.S. Securities and Exchange Commission, according to attendees at the meeting that spoke to the Journal. He did

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National Australia Bank joins crypto exchange boycott, cites ‘scams’

Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.National Australia Bank (NAB) on July 17 officially announced a set of new measures to protect customers from fraud as part of its “bank-wide scam strategy.”Alongside halting “millions in

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Synthetix takes on counterparty risks with Infinex derivatives exchange

Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products.Kain Warwick, the founder, revealed intentions to introduce a new derivatives front-end called Infinex to the decentralized trading infrastructure of Synthetix. The upcoming exchange, Infinex, will cater to both novice and experienced traders by

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3AC co-founders’ OPNX exchange onboards FTX, Celsius bankruptcy claims

OPNX, an exchange dedicated to the trading of bankruptcy claims against fallen crypto firms, has listed FTX and Celsius claims.According to the July 14 announcement, FTX claims specifically can be immediately onboarded and converted into collateral in the form of OPNX's native reborn OX (reOX) tokens or oUSD, its credit

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Binance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’

Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company celebrates its sixth anniversary. Within the letter, Zhao highlighted some of the company’s challenges throughout its journey. The executive said that in

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Indonesia to launch crypto exchange in July: Report

The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks.Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news

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