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BitMEX Halts Crypto Trading, but Keeps Withdrawals Open Following Closure
BitMEX has shut down its crypto trading services following a strategy review by parent company HDR Global Trading. Trading, deposits, and new positions are no longer available, but users can continue withdrawing their balances. The exchange is also applying security measures during the withdrawal process and has introduced an account fee for eligib...
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BitMart Opens User Engagement Portal During Withdrawal Plan Review
BitMart has launched an exclusive feedback channel for users to submit questions and proposals as Alvarez & Marsal assesses the exchange’s financial situation and future options. The portal covers withdrawals, general feedback, potential investment or restructuring proposals, and other queries. The exchange is also preparing an action plan and co...
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CoinEx Set to Close Exchange After Almost Nine Years in Operation
CoinEx has announced a phased shutdown of its centralised exchange after nearly nine years of operation. New registrations will end on September 15, followed by the closure of derivatives services on September 22 and spot trading on September 29. Withdrawals will remain available until December 22. The exchange cited prolonged market weakness, redu...
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Rocket Loses $287,000 in Attack Targeting Dormant Perpetual Market
Rocket has halted deposits, withdrawals, and trading after an attacker manipulated an inactive perpetual market to generate artificial profits. The attacker used a burner wallet to trade against itself at inflated prices before withdrawing around $287,000 (roughly Rs. 2.7 crore) from the Bridge. Rocket said it is working with security firms, exchan...
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BitMart Users Demand Answers Over Withdrawal Issues, Unpaid Salaries Ahead of August 19 Deadline
BitMart users and employees are seeking answers about the crypto exchange’s assets, liabilities and ability to process withdrawals ahead of an August 19 deadline. An open statement addressed to BitMart executives calls for verifiable wallet and reserve information, third-party checks and a repayment plan for customers. The demands come weeks afte...
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Binance Takes RedotPay to Court Over Claimed $473 Million Losses
Binance-affiliated companies have filed lawsuits against Hong Kong-based crypto payments firm RedotPay, alleging it diverted customers from Binance Card in breach of a commercial agreement. The lawsuit seeks nearly $473 million in damages, claiming the alleged conduct contributed to RedotPay's rapid growth ahead of a planned IPO. RedotPay has denie...
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BitMart Exchange to Cease Trading by August 26, Full Shutdown Set for 2027
BitMart has announced a phased shutdown of its crypto exchange, with trading set to end on August 26 and all platform operations scheduled to cease by January 31, 2027. The exchange has already stopped accepting new users and deposits while restricting futures trading. The announcement follows reports of delayed withdrawals and a sharp decline in t...
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OKX Introduces Exchange OS to Support User-Created Crypto Trading Markets
Crypto exchange OKX has launched Exchange OS, a new platform built on its Ethereum Layer 2 network X Layer that allows users to create spot perpetuals and outcomes markets. The company said the platform will support shared liquidity, custom compliance frameworks, and high-speed on-chain trading infrastructure.
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US SEC Drops Fraud Case Against BitClout Founder Nader Al-Naji
The US Securities and Exchange Commission has dismissed its civil fraud lawsuit against BitClout founder Nader Al-Naji. The case accused him of raising $257 million (roughly Rs. 2,374 crore) through the sale of the project’s native token while allegedly misleading investors about how the funds would be used. The case was dismissed with prejudice...
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Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
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Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
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Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
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BYDFi Signs Multi-Year Crypto Partnership With Newcastle United
Newcastle United has signed a multi-year partnership with global crypto exchange BYDFi, making it the Club’s Official Crypto Exchange Partner. Announced via the Club’s website, the deal aims to expand Newcastle’s international presence while giving fans access to digital finance tools and experiences. Magpies now join Arsenal, Chelsea, Manche...
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Coinbase Launches Stablecoin Payments Service for E-Commerce
Coinbase is launching a platform designed to make stablecoins a go-to payment method for online transactions. The payments initiative could help add new sources of revenue, according to Mark Palmer, analyst at Benchmark.
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Iran Crypto Exchange Nobitex Hit by Hackers, $90 Million Destroyed
Nobitex, one of Iran's largest cryptocurrency exchanges, has been hacked for $90 million (roughly Rs. 782 crore). Nobitex’s website was unavailable Wednesday. Messages sent to the company’s support channel on Telegram were not returned.
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BitMEX Halts Crypto Trading, but Keeps Withdrawals Open Following Closure
BitMEX has shut down its crypto trading services following a strategy review by parent company HDR Global Trading. Trading, deposits, and new positions are no longer available, but users can continue withdrawing their balances. The exchange is also applying security measures during the withdrawal process and has introduced an account fee for eligib...
-
BitMart Opens User Engagement Portal During Withdrawal Plan Review
BitMart has launched an exclusive feedback channel for users to submit questions and proposals as Alvarez & Marsal assesses the exchange’s financial situation and future options. The portal covers withdrawals, general feedback, potential investment or restructuring proposals, and other queries. The exchange is also preparing an action plan and co...
-
CoinEx Set to Close Exchange After Almost Nine Years in Operation
CoinEx has announced a phased shutdown of its centralised exchange after nearly nine years of operation. New registrations will end on September 15, followed by the closure of derivatives services on September 22 and spot trading on September 29. Withdrawals will remain available until December 22. The exchange cited prolonged market weakness, redu...
-
Rocket Loses $287,000 in Attack Targeting Dormant Perpetual Market
Rocket has halted deposits, withdrawals, and trading after an attacker manipulated an inactive perpetual market to generate artificial profits. The attacker used a burner wallet to trade against itself at inflated prices before withdrawing around $287,000 (roughly Rs. 2.7 crore) from the Bridge. Rocket said it is working with security firms, exchan...
-
BitMart Users Demand Answers Over Withdrawal Issues, Unpaid Salaries Ahead of August 19 Deadline
BitMart users and employees are seeking answers about the crypto exchange’s assets, liabilities and ability to process withdrawals ahead of an August 19 deadline. An open statement addressed to BitMart executives calls for verifiable wallet and reserve information, third-party checks and a repayment plan for customers. The demands come weeks afte...
-
Binance Takes RedotPay to Court Over Claimed $473 Million Losses
Binance-affiliated companies have filed lawsuits against Hong Kong-based crypto payments firm RedotPay, alleging it diverted customers from Binance Card in breach of a commercial agreement. The lawsuit seeks nearly $473 million in damages, claiming the alleged conduct contributed to RedotPay's rapid growth ahead of a planned IPO. RedotPay has denie...
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BitMart Exchange to Cease Trading by August 26, Full Shutdown Set for 2027
BitMart has announced a phased shutdown of its crypto exchange, with trading set to end on August 26 and all platform operations scheduled to cease by January 31, 2027. The exchange has already stopped accepting new users and deposits while restricting futures trading. The announcement follows reports of delayed withdrawals and a sharp decline in t...
-
OKX Introduces Exchange OS to Support User-Created Crypto Trading Markets
Crypto exchange OKX has launched Exchange OS, a new platform built on its Ethereum Layer 2 network X Layer that allows users to create spot perpetuals and outcomes markets. The company said the platform will support shared liquidity, custom compliance frameworks, and high-speed on-chain trading infrastructure.
-
US SEC Drops Fraud Case Against BitClout Founder Nader Al-Naji
The US Securities and Exchange Commission has dismissed its civil fraud lawsuit against BitClout founder Nader Al-Naji. The case accused him of raising $257 million (roughly Rs. 2,374 crore) through the sale of the project’s native token while allegedly misleading investors about how the funds would be used. The case was dismissed with prejudice...
-
Crypto Firms Form Global Alliance to Standardise Stablecoin Payments
A group of major blockchain organisations, including Solana Foundation, Polygon Labs, Stellar Development Foundation, and Fireblocks, has launched the Blockchain Payments Alliance to improve interoperability and compliance across stablecoin payments. The collaboration seeks to create unified standards for digital transactions, reduce fragmentation ...
-
Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
-
Japan’s Financial Services Agency Mulls Crypto Regulation Under FIEA
Japan’s Financial Services Agency has proposed transferring cryptocurrency oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. The move aims to address issues such as unregistered operations, scams, disclosure gaps, and security flaws, while improving investor protection. If approved by the Financial Sy...
-
BYDFi Signs Multi-Year Crypto Partnership With Newcastle United
Newcastle United has signed a multi-year partnership with global crypto exchange BYDFi, making it the Club’s Official Crypto Exchange Partner. Announced via the Club’s website, the deal aims to expand Newcastle’s international presence while giving fans access to digital finance tools and experiences. Magpies now join Arsenal, Chelsea, Manche...
-
Coinbase Launches Stablecoin Payments Service for E-Commerce
Coinbase is launching a platform designed to make stablecoins a go-to payment method for online transactions. The payments initiative could help add new sources of revenue, according to Mark Palmer, analyst at Benchmark.
-
Iran Crypto Exchange Nobitex Hit by Hackers, $90 Million Destroyed
Nobitex, one of Iran's largest cryptocurrency exchanges, has been hacked for $90 million (roughly Rs. 782 crore). Nobitex’s website was unavailable Wednesday. Messages sent to the company’s support channel on Telegram were not returned.
