Binance ‘Buidls’ Bridge With India, Acquiring Leading Bitcoin Exchange

Binance has acquired the well-known Indian crypto exchange WazirX, bringing easier cryptocurrency access to a population of over one billion. According to an announcement published on Nov. 21, users will be able to use Indian rupees (INR) to buy and sell crypto via the Binance Fiat Gateway as early as Nov. 25. Major morale boost for the Indian community During the first quarter of 2020, WazirX’s auto-matching engine will be integrated into the Binance Fiat Gateway so that Binance.com users will be able to directly place orders on the flagship…

Canada’s Largest Bank Refutes Rumors About It Launching Crypto Exchange

The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news. Last week, rumors that the RBC was exploring the possibility of launching its own cryptocurrency exchange began circulating the internet on a range of finance and economics-focused publications. At the time, it was reported that the trading platform would “facilitate buying and selling of individual digital coins, including Bitcoin (BTC) and Ether (ETH), as well as…

Criminal Case Against Failed WEX Crypto Exchange Points at Russian Law Enforcement

The formerly anonymous administrator of the cryptocurrency exchange WEX, which shut down last summer, has made some shocking claims about the fate of “hundreds of millions” of dollars of clients’ cryptocurrency in talks with Russian police. Russian citizen Alexei Bilyuchenko, who confessed to being the tech administrator of the infamous BTC-e exchange and later co-founder of WEX, had been questioned as part of a criminal investigation underway in Russia since late 2018, BBC News Russian reported Friday. The report was based on materials of the probe, obtained by the BBC and reportedly…