Binance, the world’s largest cryptocurrency exchange, has strongly refuted recent allegations that it transferred $1.8 billion of stablecoin collateral to hedge funds without affecting user holdings. In a statement to Forbes, Binance’s chief strategy officer, Patrick Hillman, emphasized that user…
Crypto exchanges Huobi and KuCoin continue to provide services to users of sanctioned Russian banks, according to a report from Politico on Feb. 24. News Sentiment: Negative Inca Digital report cites a “loophole” allowing the use of bank-issued debit cards The…
News Sentiment: Negative Nexo has announced that it would phase down its “Earn Interest” offering for US consumers beginning in April 2023. The decision was taken owing to the United States’ regulatory limits and licensing requirements. The termination product is…
A centralized exchange (CEX) is a cryptocurrency exchange run by a central authority. This implies that the exchange controls and administers all transactions, and users must rely on the exchange to properly handle their funds and perform deals. To establish…
