cryptoexchange

The #WhiteHouse has released its latest report on #DigitalAssets , emphasizing the urgent need for clearer regulatory frameworks.The report highlights growing concerns over investor protection, illicit use, and systemic risks within the crypto space.
It calls for enhanced coordination between federal agencies to supervise stablecoins, DeFi, and #CryptoExchange .Notably, the administration signals support for a U.S. #CBDC (Central Bank Digital Currency), pending further research.
This move reflects a broader strategy to maintain financial stability while fostering innovation.Crypto markets responded cautiously, with #Bitcoin and Ethereum holding steady amid policy uncertainty.
The report warns of “regulatory gaps” and stresses rapid action to avoid economic vulnerabilities.Experts believe clearer rules could invite institutional participation and long-term confidence.With this announcement, the U.S. is stepping closer to defining crypto’s future within traditional finance.All eyes are now on Congress and regulatory agencies to translate the White House’s vision into law.

Coinbase, the leading U.S.-based cryptocurrency exchange, is reportedly in negotiations to acquire CoinDCX, one of India’s top crypto trading platforms. According to WuBlockchain, citing local Indian media sources, the talks follow CoinDCX’s significant valuation drop after a major security breach.
Valuation Plummets After $44M Security Breach
CoinDCX, which once boasted a valuation of $2.2 billion following its $135 million Series D funding round, has seen its worth fall below $1 billion. The decline comes in the aftermath of a $44 million hack involving its operational hot wallet. The breach targeted the exchange’s trade liquidity funds.
CoinDCX responded swiftly to contain the incident, although the public announcement was delayed for 17 hours. Blockchain investigator ZachXBT traced the stolen funds, noting the attacker received 1 ETH through Tornado Cash. Security firm Cyvers further confirmed the suspicious fund movements across multiple wallet addresses.
Coinbase Seeks Expansion into India’s Booming Crypto Market
Coinbase’s interest in acquiring CoinDCX highlights its ambitions in India, one of the world’s fastest-growing crypto markets. As of recent data from Triple-A, India has over 93 million cryptocurrency holders, placing it among the top countries in global crypto adoption.
CoinDCX currently ranks 397th among centralized exchanges on CoinMarketCap, with a reported 24-hour trading volume of $14 million, equivalent to 119 BTC. Its total assets are estimated at $160 million.
This isn’t Coinbase’s first attempt to gain a foothold in the Indian market. In March, Coinbase secured a license from India’s Financial Intelligence Unit (FIU), signaling its renewed interest in re-entering the country following regulatory setbacks that ended its 2022 India launch.
CoinDCX’s Growth and Decline
At its peak, CoinDCX had over 10 million users and was expanding its workforce rapidly, from 400 to 1,000 employees. Despite the recent setback, the platform remains one of India’s most recognized crypto brands, making it an attractive acquisition target for Coinbase.
While the deal is still in the negotiation phase, it underlines a growing trend of consolidation in the crypto industry and reaffirms Coinbase’s commitment to expanding in high-growth regions.
The post appeared first on CryptosNewss.com
#cryptoexchange $BTC

🚨Flash-News: The Kucoin exchange will suspend its services for residents of France due to current laws and regulations. 🇫🇷
#cryptoexchange #CryptoScamSurge

Binance continues to be the largest cryptocurrency exchange in the world, with over 250 million users and an active presence in several countries, offering everything from basic operations to advanced products like staking, derivatives, and Web3. It is a global reference both in traded volume and in the variety of assets.
On the other hand, El Dorado is a Venezuelan exchange that gained prominence by specializing exclusively in stablecoins, focusing on the quick exchange between dollar-backed digital currencies (like USDT and USDC) and local currencies like the bolívar. This simplified proposition won many users in Venezuela, especially during periods of high inflation, and has been expanding to other countries in Latin America.

With Binance established as the largest cryptocurrency exchange in the world — and also a reference for Brazilian users — we decided to evaluate how Foxbit, a local platform, positions itself against this global standard.
We deposited the same amount in both, made purchases, tested staking, navigated the menus, and analyzed support. Below, we show what Binance delivers at each stage and how Foxbit compares — highlighting the points where it approaches, diverges, or falls behind.

Binance remains the global leader in volume and variety of crypto products. To understand how a regional platform compares to this standard, we tested Lemon, an Argentine exchange that has been gaining popularity in Argentina and some Latin American countries with its proposal for simplicity in reais, pesos, and dollars.
We deposited the same amount on both platforms, made deposits, purchased assets, staked, and requested support. Below, you can see how Binance performs at each step and where Lemon approaches, diverges, or still needs to evolve.