Swyftx, a crypto exchange based in Australia, has been forced to pull out of a planned 1.5 billion Australian dollar ($1 billion) merger deal with superannuation fund platform Superhero, the Australia...
Tag: crypto exchange
Binance Market Share Bounces Back, BNB Price Consolidating
After a tumultuous few weeks in the wake of FTX’s collapse and an unexpected surge in withdrawals, Binance has recovered its market share. The largest crypto exchange is back to holding about 80...
Mazars to pause all crypto exchange proof-of-reserves reports
Accounting firm Mazars is temporarily ceasing all work for its crypto exchange clients, including proof-of-reserves reports for the likes of Binance, KuCoin and Crypto.com. A spokesperson for M...
Bybit crypto exchange says customers can verify its crypto reserves
Bybit has rolled out a system that will allow its customers to verify the crypto assets that the crypto exchange platform holds in its reserves, the company announced last week. The Bybit proof ...
Crypto exchange Rtcoin not licensed in Germany, BaFin says
Germany’s financial regulator BaFin warned that crypto exchange platform Rtcoin is not authorized to operate in the country, in a statement issued on Friday. BaFin said that Rtcoin was not regis...
Line-owned crypto exchange Bitfront to shut down by March 2023
Crypto exchange Bitfront will shut down its services in a staggered approach up until the end of March 2023. Bitfront’s shutdown process begins on Nov. 28, with the suspension of new account sig...
Not Your Keys, Not Your Crypto
A crypto exchange is not an exchange. A crypto exchange is a bank. getty There is nothing more dangerous in life than misunderstanding. One of the worst ways to misunderstand something is to believe w...
Crypto exchange Gemini reports broad outage, says client funds ‘secure’
UPDATE (1:35 p.m. ET): Gemini says its services have been restored following the outage. Gemini’s crypto exchange is offline. The outage is affecting a number of services, including its tr...
Coinbase, Block jump 12% following third quarter earnings
Coinbase and Block soared 12% a day after reporting third quarter earnings, outpacing gains by the S&P 500. Coinbase’s third-quarter results showed expenses fell to $1.1 billion from $...
Coinbase MTUs beat estimates, trading volumes miss
Coinbase’s third quarter sales missed estimates while its Monthly Transacting Users (MTUs) topped expectations. Shares whipsawed in after-market trading. The cryptocurrency exchange said r...
Amber Group cuts staff by 10%: Bloomberg
Singapore-based digital asset company Amber Group recently reduced staff, citing bearish cryptocurrency market conditions. As headcount adjustments occur on a quarterly basis, this year approximately ...
Bitcoin Tests $20k Liquidity Point for Four Consecutive Days
Contributed by Adaptive Analysis. The crypto market has been experiencing a dramatic fall since mid-August. Bitcoin (BTC) has lost almost $100 billion in market capitalization with Ethereum shedding n...
Solana-based Derivative Platform OptiFi Mistakenly Shuts Down Mainnet, Loses Access to $661k
OptiFi, a derivative decentralized exchange (DEX) built on the Solana network, announced the sudden closure of its mainnet on Tuesday, causing users to lose access to the $661,000 worth of assets lock...
Troubled Crypto Lender Hodlnaut Granted Creditor Protection After Suspending Withdrawals
Beleaguered cryptocurrency lender, Hodlnaut, was placed under interim judicial management (IJM) by the Singapore High Court on August 29, a few weeks after the company halted its services due to the r...
What? CryptoCom Mistakenly Sent $10M to Woman Instead of $100
Leading cryptocurrency exchange, CryptoCom has made a huge mistake by transferring $10.5 million to a customer while trying to refund $100. The company only realized its mistake seven months after the...
Singapore Investment Firm Temasek to Lead $100M Funding for Animoca Brands
Singapore-based investment firm Temasek Holdings is set to lead a $100 million funding round for the famous Hong Kong-based play-to-earn gaming platform Animoca Brands, Bloomberg reported Tuesday. Te...
Why Financial Independence Starts with Bringing Communities Together
The financial challenges of developing countries are far from those of western countries. Basic financial inclusion is still a big challenge. The ability to send and receive money without hefty paperw...
How to Buy Bitcoin Near Me – A Guide from the Experts
Buying Bitcoin (BTC) is the current gold rush by many crypto investors. Bitcoin has the highest value against the US dollar and also the highest market cap. Although it has had a dip because of the CO...
Singapore’s Central Bank Labels Crypto Trading “Highly Hazardous”
The Monetary Authority of Singapore (MAS) regards crypto trading as “highly hazardous” for retail investors in the country, according to a statement from the central bank’s managing director, Ravi Men...
HODL Hard! Bitcoin Address Records $96M Profit After Nine Years
An old Bitcoin wallet address that has held 5000 BTC for about nine years recently transferred its entire balance to another address, seeing $96 million in profit, despite the broader market decline. ...
Solana (Testnet) Reports 13,000 TPS on Latest Stress Test
Layer-1 blockchain project Solana could process around 13,000 transactions per second (TPS) in future releases. According to an image tweeted by Solana Labs co-founder Anatoly Yakovenko over the weeke...
Median U.S. Home Expected to Drop to 4 BTC by End of 2024
Contributed by Adaptive Analysis. Real estate has always been a desired asset worldwide. While other asset classes like stocks, bonds, commodities, precious metals, and crypto are attractive to specif...
Animoca Brands Japan Secures $45 Million to Promote Web 3 Technology
Animoca Brands Japan, the Japanese division of Animoca Brands, a Hong Kong-based company driving digital property rights through non-fungible tokens (NFTs), has received $45 million in funding to grow...
Cboe Global Markets Unveils Equity Partners for Its New Digital Asset Business
Leading global market infrastructure provider Cboe Global Markets has on Thursday announced its first group of potential equity partners to buy stakes in its newly acquired business ErisX, to be renam...
Blockchain Firm ThirdWeb Raises $24M From Haun Ventures, Coinbase, and Others
San Francisco-based blockchain company, ThirdWeb, has raised $24 million from leading industry investors such as Haun Ventures and Coinbase. The Series A funding brings the firm’s valuation to $160 mi...
Siam Bank Terminates Stake Acquisition Deal With Crypto Exchange Bitkub
Thailand’s oldest bank, Siam Commercial Bank (SCBX), will no longer follow through with its plans to acquire a 51% stake (over $500 million) in local crypto exchange Bitkub. Coinfomania reported last ...
Polygon Says Ethereum Merge Is “Good News” Amid Community Fear
With the highly-anticipated Ethereum Merge fast approaching, the team behind layer 2 scaling solution Polygon has asserted that Ethereum’s upcoming transition to a Proof-of-Stake (PoS) consensus mecha...
Tether Says It Will Not Freeze USDT in Sanctioned Tornado Cash Addresses
Stablecoin issuer Tether has revealed that it will not freeze USDT tokens in U.S.-sanctioned Tornado Cash addresses. The Hong Kong-based company noted that the USDT would only be frozen if the appropr...
Crypto ATM Operator Bitcoin Depot to Go Public via $885M SPAC Deal
United States-based Bitcoin ATM operator Bitcoin Depot has disclosed its plans to go public by merging with a Special Purpose Acquisition Company (SPAC) in a deal that values the firm at around $885 ...
Sullivan Bank Partners With Bakkt to Deliver Crypto Services
American-based financial services company Sullivan Banks has entered the world of cryptocurrencies through a partnership with Bakkt Holdings, Inc, to leverage the exchange’s Crypto Connect, designed t...