Cross-chain bridge protocol Multichain ceases operations
Multichain protocol says its forced to cease operations due to recent events. CEO Zhaojun and his sister have reportedly been detained leaving the team with no operational funds. Multichain saw…
Nigeria’s SEC orders Binance Nigeria Limited to stop operations
Nigeria’s SEC said Binance Nigeria Limited is neither registered nor regulated and its operations in Nigeria are illegal. The order against Binance Nigeria Limited comes days after the US SEC…
Bybit gets “in-principle” approval to begin operations in Kazakhstan
Bybit has been in the process of expanding its service offerings. Bybit received “in-principle” approval from the Astana International Financial Centre to begin operations in Kazakhstan. The exchange will begin…
Securities Commission Malaysia (SC) orders Huobi Global to stop operations
The securities commission said Huobi was operating in the country without registration. The exchange was ordered to disable its website and mobile apps. Huobi was also ordered to cease circulating,…
Binance set to begin operations in Japan in two months’ time
Japan’s financial authorities had issued a warning that Binance was operating in the country without permission. Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC will…
Peer-to-peer crypto exchange Paxful to suspend operations
Paxful will temporarily halt operations. The exchange’s CEO however stated that they are not sure if it will resume operations. This is the second peer-to-peer crypto exchange to shut down.…
Beaxy Exchange suspends operations after the US SEC charges
The US SEC has filed several charges against the Beaxy Exchange. The exchange has consequently suspended operations In its defence, Beaxy has said that it committed to cooperation with the…
OKB price dips: OKX to cease operations in Canada
OKX will cease operation in Canada in June 2023. The exchange has already sent an off-boarding message sent to Canadian OKX users. Canadians will not be able to open new…
MetisDAO unveils KORIS, end-to-end operations system for DACs
MetisDAO Foundation says decentralised autonomous organisations can use its KORIS technology to transition into decentraised autonomous companies, or DACs. KORIS is designed to help businesses tap into the Web3 ecosystem.…
Coinbase halts operations in Japan, customers to withdraw assets
Coinbase has announced that it has stopped its operations in Japan. The exchange has cited “market conditions” for the move. Customers are advised to withdraw funds before the deadline After…