Crypto

Venkate Exchange: Leading the Charge in the Future of Cryptocurrency Trading

Published

1 year ago

September 3, 2024

Venkate Exchange: Leading the Charge in the Future of Cryptocurrency Trading

TORTOLA, British Virgin Islands, Sept. 03, 2024 (GLOBE NEWSWIRE) — In the rapidly evolving world of cryptocurrency, Venkate Exchange has emerged as a groundbreaking force, blending traditional values with cutting-edge technology. Inspired by the Indian deity Venkateswara, symbolizing wealth and prosperity, Venkate Exchange is revolutionizing the digital asset market with a secure, efficient, and innovative trading platform designed to serve a global audience.

A Harmonious Blend of Heritage and Modernity

Venkate Exchange is redefining the future of cryptocurrency by integrating ancient wisdom with modern advancements. The platform offers a secure and sophisticated trading experience that appeals to both individual traders and ambitious projects, setting new standards within the crypto industry.

A Growing Global Presence

Headquartered in Singapore, Venkate Exchange is a leading name in digital asset trading, with a strong foothold in major financial hubs such as Hong Kong, Dubai, Australia, South Korea, and Malaysia. Boasting a rapidly expanding user base of over 100,000 and daily transaction volumes surpassing $1 billion, Venkate Exchange is quickly becoming synonymous with reliability and high-performance trading.

Innovative Asset Integration

Venkate Exchange distinguishes itself with a unique approach to asset integration. The exchange’s core team possesses over one ton of physical meteorites, which are set to be tokenized into Real World Assets (RWA) and made available for trading on the platform. This pioneering initiative positions Venkate as the first exchange to offer meteorite trading, introducing a new frontier to the cryptocurrency market.

Why Venkate Exchange Stands Out

Global Reach: Venkate Exchange is committed to curating a diverse array of high-quality Web3 projects from around the world. With a growing selection of cryptocurrencies and a community-driven approach, the platform ensures high liquidity and 24/7 trading capabilities, making it a top choice for crypto enthusiasts globally.
Unmatched Security: Security is paramount at Venkate Exchange. The platform boasts an impeccable security record, supported by advanced risk management, secure asset custody, and strict KYC/AML compliance. Robust blockchain nodes further safeguard the integrity of every transaction.
Comprehensive Support: Beyond trading, Venkate Exchange offers extensive support to Web3 projects, including marketing, technical assistance, and strategic advice, ensuring that each listed project thrives and achieves its full potential.

Promoting Success and Community Engagement

Understanding the importance of visibility and community engagement, Venkate Exchange partners with influential Key Opinion Leaders (KOLs) and top-tier promotional agencies. This strategic support network spans multiple continents and is designed to accelerate project growth and ensure long-term success.

Core Values: Diversity, Sustainability, Integrity, and Dependability

Diversity: Venkate Exchange celebrates a wide range of perspectives and investment opportunities, offering a variety of tokens that allow users to create portfolios aligned with their unique goals and risk preferences.
Sustainability: Committed to fostering sustainable growth in the crypto market, Venkate Exchange promotes social impact investing, creating a marketplace that benefits all stakeholders.
Integrity: Transparency and ethical conduct are at the heart of Venkate Exchange’s operations, ensuring open, honest communication with users.
Dependability: Venkate Exchange prioritizes user needs by delivering consistent, reliable service and robust asset protection.

Innovative Trading Features: Meteorite Trading and Beyond

Venkate Exchange introduces a groundbreaking trading experience through its Real World Assets (RWA) program, where users can trade meteorites—a first in the cryptocurrency world. Participants in this unique market are rewarded with Eswara Points, enhancing their engagement with the platform.

Exclusive User Benefits

Holding Eswara Points unlocks a range of exclusive benefits, including early access to new meteorite listings, discounts on trading fees, and invitations to exclusive auctions. This system not only rewards active participation but also enriches the overall user experience.

Platform Governance

Eswara Points empower users to participate in the governance of Venkate Exchange, allowing them to influence key decisions such as new asset listings and resource allocation, fostering a community-driven approach to platform development.

Technical Excellence: Built for the Future

Venkate Exchange’s technical infrastructure is designed for scalability and security. The platform’s modular architecture ensures seamless scaling, meeting the demands of a growing user base without compromising performance or security.

Advanced Asset Custody Solutions

Venkate Exchange offers state-of-the-art custody solutions to safeguard digital assets, partnering with leading custody providers and utilizing Multi-Party Computation (MPC) wallets. This multi-layered security approach ensures users’ assets are well-protected.

User Control and Transparency

The platform’s intuitive asset management interface gives users full visibility and control over their assets, ensuring transparency and peace of mind.

Robust Risk Management

Venkate Exchange employs an advanced on-chain risk control system that continuously monitors all activities to minimize risks. Strict KYC/AML compliance further ensures that the platform remains a secure environment for all users.

A New Benchmark in Cryptocurrency Trading

Venkate Exchange is more than just a trading platform; it is a pioneer in the cryptocurrency industry, offering innovative solutions and unwavering security. From meteorite trading to comprehensive asset protection, Venkate Exchange is setting new standards for what a crypto exchange can be.

Website:https://www.venkate.io/en_US/
X:https://x.com/venkate_io
Telegram:https://t.me/VenkateOfficialCommunity

Contact
Smith
business@venkate.io

Disclaimer: This content is provided by Venkate Exchange. The statements, views and opinions expressed in this column are solely those of the content provider.The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/241042f4-7c16-46be-95f6-5aa346484191

Crypto

Debate Brews Over Crypto Kiosks As Lawmakers Consider Potential Ban

Published

6 hours ago

February 27, 2026

Press Room

Debate Brews Over Crypto Kiosks As Lawmakers Consider Potential Ban

Lawmakers Consider Crypto ATM Ban as Scam Losses Rise — Including in Central Minnesota

Minnesota lawmakers are considering banning cryptocurrency kiosks as scam losses continue to rise across the state—including in Central Minnesota.

There are currently about 350 crypto kiosks operating statewide, located in places like gas stations, convenience stores, and grocery stores. These machines allow users to deposit cash and convert it into cryptocurrency, which can then be sent electronically.

Law enforcement officials say scammers are increasingly directing victims to use these kiosks because once the money is sent, it is extremely difficult—if not impossible—to recover.

Police say scams often begin with a phone call, text, or online message. In many cases, scammers pose as government officials, tech support workers, or even romantic partners. Victims are eventually told to withdraw cash and deposit it into a crypto kiosk to “protect” their money or resolve a supposed emergency.

Central Minnesota has seen similar cases. Because St. Cloud serves as a regional hub for shopping and services, crypto kiosks are available locally, giving scammers access points to target area residents.

Some say kiosks also serve legitimate users

Despite the concerns, crypto kiosks do offer legitimate benefits. They allow people to purchase cryptocurrency quickly using cash, without needing a traditional bank account, credit card, or online exchange. Supporters say this can make cryptocurrency more accessible, especially for people who prefer cash transactions or have limited access to banking services.

Crypto kiosks can also be used to send money quickly, including international transfers, without relying on traditional wire services. Some users view them as a convenient way to invest in cryptocurrency or move money electronically without going through a bank.

Companies that operate the machines say the vast majority of transactions are legitimate and that kiosks include warnings about scams. They argue the focus should be on stopping scammers, not banning the machines entirely.

Lawmakers weighing next steps

Supporters of the proposed ban say removing the kiosks could help prevent fraud and protect vulnerable residents, particularly older adults. Law enforcement officials told lawmakers that crypto kiosk scams have resulted in significant financial losses statewide.

Minnesota passed regulations in 2024 requiring some safeguards, including limits on deposits for new users and refund requirements in certain fraud cases. But officials say scammers have continued to adapt.

The bill remains under consideration at the Capitol.

In the meantime, authorities urge Central Minnesota residents to be cautious. Officials emphasize that legitimate government agencies, law enforcement, and businesses will never ask someone to deposit cash into a cryptocurrency kiosk.

As cryptocurrency becomes more common, lawmakers are now weighing whether the risks to consumers outweigh the convenience and accessibility these machines provide.

10 (More) Hilariously Bad Google Reviews of Central MN Landmarks

Crypto

Cryptocurrency Investment Fraud: Bizman loses Rs 2.6 cr to crypto, investment fraud | Hyderabad News – The Times of India

Published

18 hours ago

February 26, 2026

Press Room

Hyderabad: A 69-year-old businessman from Somajiguda lost 2.65 crore allegedly in a cryptocurrency and stock investment fraud. Based on his complaint, Hyderabad Cyber Crime police have registered a case.The complainant was first contacted by a fraudster posing as Ramya Krishnan on Aug 30, 2025 through Facebook. She persuaded the victim to invest in a cryptocurrency and stock trading platform, Polyus Finance PFP Gold, hosted at the domain pfpgoldfx.vip, promising high returns to finance his proposed resort and apparel ventures.Fraudsters provided the victim a contact number for daily communication and sent screenshots showing notional profits credited in his wallet in USDT cryptocurrency. To build trust, the fraudster even allowed the victim a token withdrawal of 4,300 on Sept 12, 2025.Encouraged, the victim transferred over 2.65 crore in 10 transactions between Sept 10 and Dec 39, 2025 to various current accounts provided by the accused.When he attempted to withdraw his ‘earnings’, the accused demanded an additional 15% conversion commission. After he refused, the website became inaccessible and calls to the fraudsters went unanswered.Realising that he was duped, the victim filed an online report on the National Cybercrime Reporting Portal (NCRP) before approaching the Cyber Crime police on Feb 25.Based on his complaint, a case was registered under Sections 66C and 66D of the Information Technology Act and Sections 111(2)(b) (Organised crime), 318(4) (Cheating), 319(2) (Cheating by personation), 336(3) (Forgery for purpose of cheating), 338 (Forgery of valuable security, will, etc.) and 340(2) (Using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita on Wednesday. Police were analysing financial transactions to identify and arrest the accused.

Crypto

Terror groups receive $1.7b. from Iran through Binance | The Jerusalem Post

Published

1 day ago

February 26, 2026

Press Room

Terror groups receive .7b. from Iran through Binance | The Jerusalem Post

Iranians were able to access more than 1,500 Binance accounts last year, and $1.7 billion was transferred from two of them to terrorist proxies, The New York Times reported Monday.

That was a potential violation of global sanctions, the report said, citing company records and documents collected by internal investigators.

The cryptocurrency exchange site reportedly fired or suspended at least four employees cited in the internal investigation. The company blamed “violations of company protocol” relating to its clients’ data, the Times reported.

The report came days after The Jerusalem Post spoke with experts from blockchain intelligence platform NOMINIS.io about how the Iranian regime was evading Western sanctions through cryptocurrencies.

The regime maintains a steady income using cryptocurrency through oil sales to Russia and China, NOMINIS CEO Snir Levi said at the time.

Binance founder Changpeng Zhao, who pleaded guilty to failing to implement a program to prevent money laundering, arrives for his sentencing in federal district court in Seattle, Washington. (credit: REUTERS/Deborah Bloom)

Regarding the latest scandal, he told the Post this week: “The latest allegations about Binance come months after the lawsuit by the victims’ families of October 7 – the ongoing Balva [versus] Binance case.

The majority of the allegations can be easily confirmed by on-chain data. There are thousands of cases where money has been sent and received to and from wallets that have clear connections to Iran.”

Binance founder Changpeng Zhao is being sued by the families of American victims and hostages of the October 7 massacre. He has been accused of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps to transfer more than $1b. through its platform, including more than $50 million after the October 7 massacre.

Zhao pleaded guilty to anti-money-laundering violations in connection with Binance in 2023. US President Donald Trump pardoned him last October.

“They say what he did was not even a crime,” Trump told reporters last October. “It wasn’t a crime. That he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”

Binance representative Rachel Conlan said the accounts linked to the $1.7b. in Iranian transactions have been removed and the relevant authorities were informed.

“Any suggestion that Binance knowingly allowed sanctionable activity to continue unchecked is incorrect and defamatory,” she said, despite Zhao’s earlier admission of anti-money-laundering violations.

More than half a dozen compliance officials have left Binance, including a sanctions manager and the leader of the enterprise compliance team, over the past few months, the Times reported.

“No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues,” Conlan said in a statement to The Guardian.

Democrat senator opens inquiry into cryptocurrency company

While Conlan insisted there was no wrongdoing, US Sen. Richard Blumenthal (D-Connecticut) opened an inquiry into Binance on Tuesday, seeking records of the company’s dealings in Hong Kong , where funds have previously been transferred in a network against sanctions.

“Binance appears to have ignored warnings and recommendations to prevent Iranian money-laundering schemes on its cryptocurrency exchange,” Blumenthal wrote in a letter to Binance co-chief executive Richard Teng.

“According to documents obtained by the Times and the Journal, Binance was even warned that Hexa Whale was financing terrorist organizations such as the Yemeni Houthis, and internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps and payments to crew members of Russia’s sanctions-evading shadow fleet of oil tankers,” he wrote.

“Instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership with World Liberty Financial (WLFI), the cryptocurrency firm owned by the sons of President Trump and his special envoy Steve Witkoff… This influence campaign has worked: In May 2025, the Securities and Exchange Commission announced that it was dismissing a lawsuit against Binance for lying to regulators and mishandling funds, followed in October by the stunning Presidential pardon of founder Changpeng Zhao.”

“The scale of the newly revealed illicit transfers – uncaught until nearly $2 billion flowed to sanctioned entities – and the unexplained firing of internal investigators call into question Binance’s compliance with American sanctions and banking laws, and its 2023 agreement to resolve the previous federal investigation,” Blumenthal wrote.