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Thailand’s Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange

Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand, has announced the effective termination of its proposed deal to acquire the BitKub exchange. According to the press release shared by the banking firm, the plan to terminate the deal was circumstantial and approved by the company’s board of directors.  The deal was first …

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Crypto Exchange CoinZoom Receives License to Operate in Bermuda

Cryptocurrency exchange CoinZoom announced on Tuesday that its Bermuda-based subsidiary CoinZoom Global, Ltd. has received a license under the Digital Asset Business Act (DABA) from the Bermuda Monetary Authority (BMA). The license grants the exchange to serve as a trading platform for non-U.S. customers outside of the U.S. seeking an avenue to trade digital assets …

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Argentine Crypto Exchange Ripio Launches Crypto Prepaid Debit Card in Brazil

Latin American cryptocurrency company Ripio partnered with Visa on August 24, to launch a cryptocurrency prepaid debit card in Brazil that supports payments with cryptocurrencies. Holders of the card can pay with Brazil’s fiat currency, the Real, as well as 28 cryptocurrencies listed by Ripio on its platform. This debit card also offers a 5% bitcoin …

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Foreign Exchange Reserves Decline $2.24 bn To $570 Billion

Business oi-Renu Baliyan | Published: Saturday, August 20, 2022, 22:53 [IST] The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous week ended August 5, the foreign exchange reserves declined USD 897 million to …

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FTX Derivatives Exchange Revenue Tops $1B in 2021, Report said

The financial record of FTX Derivatives Exchange for the 2021 financial year has shown that the company’s revenue topped the $1 billion mark, according to leaked earnings documents seen by CNBC. The trading platform, founded in 2019 by Sam Bankman-Fried, has grown amongst the ranks and now stands as one of the most positive cash …

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Binance CEO Calls Out ‘Bad Players’ for Crypto Exchange Jitters

Changpeng ‘CZ’ Zhao, the CEO of the Binance cryptocurrency exchange, on Saturday expressed worry for traders after learning about the outrageous phenomenon known as ‘trade jitters’ on other cryptocurrency exchanges. “Jitters” in crypto trading normally refer to a trade event whereby an investor’s buy or sell order gets stuck and moves down in the list, …

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Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5

India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending July 29 after falling for the four consecutive weeks earlier. The fall …

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India’s foreign exchange reserves falls $897 million to $572.978 billion

The country’s foreign exchange reserves declined USD 897 million to USD 572.978 billion in the week ended August 5, according to the Reserve Bank of India (RBI). In the previous week ended July 29, the reserves had risen USD 2.315 billion to USD 573.875 billion. In the week ended August 5, …

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