crypto

Users will be able to view, pick, compare, and trade in numerous tokens across exchanges using the CoinSwitch Pro platform. With a single login, users can trade crypto assets in INR on various exchanges.

Depending on the cryptocurrency exchange, the cross-exchange platform will charge consumers a transaction fee for trades made on the site.

Through the registration, JP Morgan Wallet will be able to offer services including a cryptocurrency exchange, cryptocurrency transfers on a blockchain, credit or cash card payment processing, and the creation of virtual checking accounts.

JP Morgan started enabling its clients to invest in cryptocurrency funds in August 2021. A service like this was provided by New York Digital Investment Group.

Binance CEO said if taxes are levied at 1% on each transaction, there won’t be that many transactions, citing India’s aggressive tax environment.

He added, “Binance goes to countries where regulations are pro-crypto and pro-business. We don’t go to countries where we won’t have a sustainable business — or any business”

Rathanakishore Giri, an Indian American, was arrested by Federal law enforcement authorities in the US on criminal charges related to his alleged involvement in cryptocurrency investment.

The fraud scheme raised at least USD 10 million from investors. He is accused of deceitfully portraying himself as a skilled cryptocurrency trader in order to deceive investors.

Binance is offering free courses on cryptocurrency, blockchain, Web3, and the metaverse for its millions of customers. An NFT certificate will be awarded once the students have finished all of these courses.

Six modules will make up the course, the first of which is a beginner’s course that covers the fundamental facts and investing techniques of the sector.

The FTX-owned crypto exchange Liquid took to Twitter on Nov. 15 to officially announce a suspension of fiat and crypto withdrawals on its Liquid Global platform.

The news comes shortly after Liquid claimed that customer assets on Liquid wallets were not impacted by the FTX contagion, with the FTX exchange halting all withdrawals on Nov. 10.

Blockchain records on Etherscan show that on October 21, Crypto.com sent the sum, around 80% of its total ETH reserves, to rival exchange Gate.io.

Gate.io subsequently returned the slightly diminished sum of 285,000 ETH, around $456 million as a result of a minor ETH surge, on October 29.

Crypto exchanges Binance and Huobi blocked deposits of FTX’s native tokens FTT Sunday after about $400 million worth of the tokens were released out of schedule, with no official explanation.

FTT tokens follow an unlocking schedule wherein large batches of the tokens are periodically released. Over 192 million FTT tokens were released.

The US-based branch of Sam Bankman-Fried’s crypto empire, FTX.US, just announced that it may imminently implement a freeze on trading.

A new note on the company’s website says investors looking to close positions and move their crypto out of the exchange are currently able to do so.

Users will be able to move up to $10,000 of supported tokens using any of these bridges across Ethereum, Avalanche, BNB Smart Chain and Polygon.

Supported tokens include ether and wrapped ether; popular stablecoins such as DAI; and native gas tokens like Matic. The bridge aggregator will help users find the cheapest route for moving coins across supported networks.

The SEC’s investigation, which has been continuing for months, is focused on the company’s U.S. subsidiary, FTX.US, which lists dozens of crypto tokens.

Agency officials believe some of these assets, as well as FTX’s lending product, might constitute securities that, under U.S. law, should have been registered with the SEC before being sold to investors.

Abu Dhabi has launched a new association backed by the emirate’s financial free zone to hasten the development of blockchain and cryptocurrencies in the region.

Blockchain, in particular, has received special focus, with a number of government initiatives established, including the Emirates Blockchain Strategy 2021 and the Dubai Blockchain Strategy, as well as the formation of the Global Blockchain Council.

Binance has agreed to buy FTX, a once-stalwart rival suddenly facing a destabilizing stream of customer withdrawals, in the latest bout of turmoil to rock the industry this year.

Binance CEO Changpeng Zhao said that the deal came together rapidly to “protect users.” The deal, whose value was not revealed, stunned crypto watchers.