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Tag: Exchanges
Bitcoin worth $120M withdrawn from exchanges on Jan. 10
Around $120 million worth of Bitcoin (BTC ) was withdrawn from crypto exchanges on Jan. 10, according to Glassnode’s data. Roughly $50 million of the withdrawals came from Binance, while $30 million w...
The Block: Bankruptcy judge terminates FTX naming rights for Miami Heat arena: Miami Herald
A federal bankruptcy judge on Wednesday terminated FTX’s naming-rights deal with Miami-Dade county for the downtown arena where the NBA’s Miami Heat play, the Miami Herald reported. ...
Coinbase: Assessing the state of the exchange’s forgotten NFT marketplace
The sales volume of the Coinbase NFT marketplace has been underwhelming since it was launched. So far this year, there has been an increase in NFT trading activity. Since its debut in May 2022, Coin...
Crypto exchanges need to start giving customers their keys
The business model that cryptocurrency exchanges currently use relies on ignorance and fear. It relies on their customers not knowing much about decentralized finance (DeFi) and their fear of what co...
QiDex leads growth of decentralized exchanges with lowest fees
The large ecosystem offered by the Qi blockchain consists of several platforms that offer a wide range of services, from NFT marketplace, NFT 3D games, digital asset exchange and many other products c...
Bitcoin hodlers hold as coins flow off centralized exchanges
Despite a rough 2022, many bitcoin holders are taking their funds off centralized exchanges, and not selling them. Bitcoin (BTC) — the world’s first cryptocurrency — is seeing more and more holders ge...
Coinbase pops 7% after job cuts; Needham says buy
Coinbase jumped 7% after saying it would cut staff, with Needham calling it “necessary” and holding onto its buy rating. The exchange is cutting 950 employees, which should reduce o...
Gemini CEO Winklevoss escalates DCG spat, demands removal of Silbert
Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange’s Earn users. &...
Coinbase to cut 20% of staff in latest round of layoffs
Coinbase has implemented another round of layoffs, affecting 950 employees and reducing its operating expenses by 25%. After examining the firm’s prospects for 2023, Coinbase CEO Brian Arm...
Hong Kong Lures Crypto Exchanges and Firms Through Licensing
10 hours ago | 2 mins read Exchange News Regulators are ready to give licenses to crypto companies and exchanges. Crypto exchanges are now subject to regulations that are on par with conventional bank...
Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market
There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hov...
FTX businesses including LedgerX draw interest from over 100 potential buyers
Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
Bitcoin blasts through $17,000 amid wider market rally
Bitcoin blasted past $17,000 amid a wider market rally that sent crypto-related stocks and traditional markets higher. The biggest cryptocurrency increased 1.8% in the past 24 hours to $17,260...
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin – Exchanges Bitcoin News
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all crypt...
Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange – Exchanges Bitcoin News
Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owne...
Former FTX U.S. president Harrison says he’ll share information on exchange ‘in time’
Brett Harrison, former president of FTX U.S., plans to share information on the crypto exchange’s operations. Harrison responded to a post on Twitter asking what he knew about FTX’s U.S. unit, a...
Can Solana keep up the momentum?
With crypto winter now starting to feel like an ice age, layoffs and new regulatory investigations could continue to be in the news after a slew of announcements and reports in the first week of Janua...
The impact of 2022 on crypto exchanges
The collapse of FTX and the Luna ecosystem, have shaken every sector of the crypto world, including exchanges, which have seen themselves reevaluate the priorities they need to show to the public and ...
Flare Airdrop Gaining More Traction With Exchanges
Alex Dovbnya Flare Network is just days away from finally conducting its long-awaited airdrop event Bitget has joined the list of cryptocurrency exchanges that will support the Flare (FLR) token airdr...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Chiliz (CHZ) Rises by 10% After Upbit Exchange’s Announcement
Lookonchain tweeted that CHZ prices rose by 10% with Upbit’s announcement. CHZ trading at $0.1049, rose to $0.1153 within hours after the announcement. CHZ gains momentum mid of the regression trend c...
Mt. Gox first repayments pushed back to September
The timeline for Mt. Gox financial details registrations and repayments has been pushed back by two months. The first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, ...
Genesis cuts 30% of staff in latest round of layoffs
Genesis Trading begun a new round round of layoffs, reducing its workforce by 30%, a source familiar with the matter told The Block. “As we continue to navigate unprecedented industry cha...
Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules
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Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Binance Rules 2022 Roost of Crypto Exchanges as Winner
Leading exchange Binance was recently crowned winner among exchange performances for 2022 after dominating the crypto space. According to Arcane Research, Binance is the clear winner among crypto exc...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
Indians moved cryptos to foreign exchanges in 2022
Research shows that India’s new tax policy has driven the country’s cryptocurrency users away from national exchanges over the last year. According to a new report from the Esya Centre, Indian citizen...
Coinbase shares jump over 12% following settlement with New York regulator
Coinbase shares soared following the exchange’s $100 million settlement with a New York state financial regulator. Coinbase shares rose 12.3% to $37.65 at 12:30 p.m. EST, according to Nasd...