Moonhub

2023-03-30 19:11:42 Cryptocurrency exchange OKX has partnered with Alchemy Pay to launch a fiat-crypto on-ramp solution on its platform. The integration of Alchemy Pay's payment gateway makes it easy for OKX's 20 million active users across 180 countries to purchase cryptocurrencies using their local fiat currencies. Alchemy Pay's payment gateway supports payments with Visa and Mastercard in 173 countries and popular mobile wallets in emerging markets. OKX is known for being the fastest and most reliable crypto trading app, and it also offers an OKX Wallet for trading GameFi and DeFi tokens. Open / Comment

2023-03-30 17:16:30 Seychelles-based crypto exchange OKX is expanding its services to Australia, citing the country's "huge appetite" for crypto investment and trading. The exchange plans to build a strong local office and sees Australia as an indispensable part of its growth strategy. OKX has not yet registered with AUSTRAC, the licensing regime required to offer cryptocurrency services in Australia. The exchange is also applying for a Virtual Asset Service Provider license in Hong Kong. The expansion plans come as OKX prepares to cease services to Canadians in June. Open / Comment

2023-03-30 10:30:52 Crypto Exchange Beaxy Closes Following SEC Lawsuit and Misappropriation Accusations
Beaxy, a crypto trading platform, has shut down after the U.S. Securities and Exchange Commission (SEC) charged the company and its founder, Artak Hamazaspyan, with operating an unregistered exchange and brokerage. The SEC also alleged that Beaxy Digital Ltd. illegally raised $8 million through the offering of an unregistered BXY token, and that Hamazaspyan misused at least $900,000 for personal expenses, including gambling. Windy Inc. took over the platform in 2019, but managers Nicholas Murphy and Randolph Bay Abbott have also been accused of securities law violations for maintaining the unregistered exchange. The SEC's enforcement chief, Gurbir Grewal, warned that the "blurring of functions" at Beaxy put investors at serious risk. Open / Comment

2023-03-30 05:48:37 Bitcoin price hits $29,000 Open / Comment

2023-03-30 05:00:08 Crypto exchange Binance has seen $2.1 billion in outflows on the Ethereum blockchain in a week, as the Commodity Futures Trading Commission (CFTC) sued the company for operating illegally in the US. Binance's decision to reinstate fees on spot bitcoin trading and software issues further contributed to the outflows. The exchange's spot market share dropped from 57% to 30% after trading fees were reintroduced. Meanwhile, Binance.US, the American affiliate, was blocked from acquiring Voyager Digital's customer accounts by a federal judge. The company expects to pay monetary penalties to settle US investigations into its business. Open / Comment

2023-03-30 02:37:52 The world's largest crypto exchange, Binance, is accused of secretly maintaining ties to China years after its official departure. CEO Changpeng Zhao and executives allegedly directed staff to conceal Chinese operations, including an office operational until 2019 and a bank used to pay employees.

Binance denies the allegations, stating the founding team left China before incorporation due to crypto crackdowns. However, internal documents suggest China remained a crucial part of Binance's operations post-2017. Open / Comment

2023-03-29 22:44:59 Blockchain protocol Algorand has introduced AlgoBharat, a project designed to help India transition from the Web2 to the Web3 space. Instead of establishing a registered entity in the country, AlgoBharat will feature a dedicated team that focuses on blockchain utility in India with global relevance.

Anil Kakani, India country head at the Algorand Foundation, highlighted the country's position as the back office of Web2, and emphasized the potential for real-world blockchain use cases in India. The AlgoBharat team has been engaging with the nation's engineering universities and blockchain-friendly states, with plans to engage with regulators this year.

India's stance on crypto has evolved from attempting to ban the industry's access to financial services to implementing a strict tax regimen in 2022. As the current President of the G-20, India is pushing for global consensus on crypto asset rules, while also encouraging the Web3 and blockchain industry to separate itself from crypto. Open / Comment

2023-03-08 02:36:04 Shibarium has announced the launch of its public beta this week. This news was shared with the #SHIBARMY on Twitter, urging them to stay tuned for more details on how to access the beta website. Hail Shib! #ShibariumBeta Open / Comment

2023-03-07 19:52:09 CoinGate has integrated Binance Pay into its payment processing service, allowing businesses to receive payments from users of the Binance Pay app. The partnership provides customers of CoinGate-powered stores with more payment options and convenience. Justas Paulius, CoinGate's CEO, believes the collaboration will accelerate crypto adoption. Open / Comment

2023-03-07 08:48:30 Binance Coin's (BNB) fees and revenue have been consistently increasing due to the rise in the average daily transactions conducted on the network. The average daily transaction exceeded 3.7 million, and the average weekly transaction increased to 22.39 million. The decline in gas prices might have contributed to the rise in the number of transactions over the past week. Additionally, BNB's weekly active users grew exponentially to reach 5.01 million, and the number of daily active users exceeded 1.3 million. The launch of BNB's new Ecosystem Bounty Board could be a possible reason for this growth. Open / Comment