Exchange News

Ernst & Young (EY) has filed a report with the Ontario Supreme Court. Ernst & Young (EY) acting as the trustee of the QuadrigaCX crypto exchange. In 2019, the largest cryptocurrency exchange, QuadrigaCX, ceased operations and was declared bankrupt with liabilities of C $ 215.7 million and assets of about C $ 28 million.

BNB Vault is an investment product or BNB profit aggregator that combines a flexible savings system. BNB DeFi Staking and Launchpool to enable users with guaranteed annual returns ranging from 5% to 8%.

DBS Digital Exchange intends to start with four major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) versus four fiat currencies Singapore dollar (SGD), US dollar (USD), Hong Kong dollar ( HKD), Japanese yen (JPY).

Huobi has expanded its support for Visa and Mastercard credit and debit cards worldwide. The new payment service is provided by Huobi Technology, DLT, which is regulated by the Gibraltar Financial Services Commission.

On September 25, 2020, KuCoin fell victim to a massive hacker attack. The hacker managed to withdraw a total of $ 281 million in cryptocurrency from hot wallets. The KuCoin platform took responsibility for the counter-attacks and managed to recover most of the stolen funds with the help of its partners in the cryptocurrency field. $ 204 million in cryptocurrency was returned to users.

TaoTao (known as BitARG prior to Yahoo Japan's involvement) confirmed in a press release that SBI had acquired shares in Japanese operator Yahoo Z Holdings, and Japanese media reported that Taotao would become a subsidiary of SBI.

Binance is discussing cooperation with TaoTao platform for digital asset trading and Z Corporation (formerly Yahoo Japan), a subsidiary of Z Holdings, to enter the Japanese market. The digital asset trading platform is currently licensed by the country's Financial Services Agency (FSA), while Binance is not.

EQUOS.IO A cryptocurrency exchange owned by the Singapore company Diginex, registered on the Nasdaq.
Diginex Limited is a digital asset financial services company that operates the Singapore-based cryptocurrency exchange EQUOS.io.

The total number of stablecoins in circulation has reached $ 20 billion, and the market value of USDC is $ 2.53 billion, which is 13% of the total number of stablecoins in circulation. The rise in USDC has brought Tether's dominance to below 80%, which has never been the case in the era of modern stablecoins.

On August 11, it became known about the decision of the cryptocurrency exchange Coinbase to terminate participation in the American blockchain association, presumably due to the acceptance into the organization of Binance US