Galaxy Digital agreed to purchase high-security custodian GK8 from bankrupt crypto lender Celsius. Galaxy will support GK8’s self-custody solution in the ongoing development of GalaxyOne,...
Tag: Exchanges
Analysis of crypto transaction fees suggests exchanges prefer to move in Bitcoin
Crypto exchanges can earn revenue through various means, including lending to margin traders, liquidation fees, and on/off ramping charges. However, the core revenue generator remains taking a fee on ...
U.S. Trustee asks bankruptcy court to appoint FTX trustee
The U.S. Trustee has asked a Delaware bankruptcy court to appoint an examiner in the ongoing FTX bankruptcy case. In a Dec. 1 court filing, the U.S. Trustee cited a “virtually unprecedente...
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’ – Exchanges Bitcoin News
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly com...
Sam Bankman-Fried’s still sorry, but now he says his memory isn’t great
Former FTX CEO Sam Bankman-Fried regrets how he mishandled his troubled crypto exchange, but he doesn’t quite remember all the details. The disgraced crypto mogul spoke for almost two hours abou...
Apple disables version of Coinbase Wallet over NFT gas fees
Apple blocked the latest version of Coinbase Wallet until a feature that allows users to send NFTs over iOS is disabled, according to the exchange. “Apple’s claim is that the gas fees required t...
SBF was ‘delusional’ in interview, says Galaxy’s Mike Novogratz
Galaxy’s CEO Mike Novogratz thinks Sam Bankman-Fried is “delusional” and will spend time in jail. After watching the former FTX CEO’s live interview with the New York Tim...
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse – Bitcoin News
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around t...
‘I wasn’t even trying to do risk management,’ Sam Bankman-Fried tells ABC
Sam Bankman-Fried claimed that he didn’t spend time doing any risk management at FTX in yet another interview following the exchange’s collapse. The now disgraced FTX co-founder stru...
How Polkadex is Addressing the ‘Bottlenecks’ of Decentralized Exchanges
If you want to buy or sell crypto, you either go to a centralized exchange (CEX) run by private companies like Binance or a decentralized exchange (DEX) like Uniswap that runs on code and is non-custo...
Decentralized crypto exchange volumes nearly double in November amid FTX debacle
Cryptocurrency exchange volumes jumped in November from the previous month as the collapse of FTX roiled markets, with decentralized platforms seeing an increase of 93%. Centralized (CEX) exchan...
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
Binance Acquires Licensed Japanese Crypto Exchange — Prepares to Enter Japan as Regulated Entity – Exchanges Bitcoin News
Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese crypto market as a regulated entity. “The Japanese market will play...
U.S. Senator questions crypto exchanges on their user protection policies
Six exchanges have been asked to provide information pertaining to consumer relief in the event of the company’s insolvency. Senator Wyden has also sought answers on the safeguards put in place in ord...
Coinbase shuffles APAC leadership, appoints new regional policy lead
Crypto exchange operator Coinbase today announced leadership changes in its Asia-Pacific team. The San Francisco-based company said in a blog post that John O’Loghlen, who joined as country dire...
Sam Bankman-Fried tries to defend FTX collapse, apologizes (again)
Sam Bankman-Fried just wrapped up an interview with Andrew Ross Sorkin at the New York Times DealBook Summit. The Block tuned in and kept a running tally of what he had to say. Thanks for sticking wit...
Uniswap Unveils New Feature To Rival Crypto Exchanges
Despite the fact that transactions involving nonfungible tokens, often known as NFTs, have significantly decreased as a result of the ongoing crypto bear market, Uniswap Labs is optimistic about the f...
Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov
Pavel Durov, the founder of Telegram, announced that the company would launch a range of decentralized cryptocurrency products, including a decentralized exchange (DEX) and a non-custodial wallet. Te...
Proof of Reserves: A Trust Standard for Centralized Exchanges
Key Takeaways The recent FTX liquidity crisis highlighted the need for the industry to mature, and find solutions to improve transparency. Many exchanges have adopted Proof-of-Reserves, a method that ...
BlackRock Chief Executive Fink said firm invested $24 million in FTX
BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to Reuters. He also said that there were some misbehaviors at th...
Kraken cuts 30% of staff to ‘weather crypto winter’
Kraken’s the latest crypto firm to announce mass layoffs. “We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market condi...
Ether storage coming to Casa as centralized exchanges lose their luster
Crypto firm Casa will offer customers the ability to store ether, with its CEO referencing the FTX collapse as a reason for its appeal. “A lot of people learned the hard lesson of why holding yo...
BTCC vs KuCoin: Comparing Two of the World’s Largest Exchanges
Choosing the right crypto exchange to be the cornerstone of your trading strategy is not easy. And among the options available in the market today, both BTCC and KuCoin make strong cases for themselve...
Crypto Exchanges Huobi, Poloniex to Form ‘Strategic Partnership’
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Binance re-enters Japan, controls over 75% of exchanges’ monthly trading volume
Binance has re-entered the Japanese market with its acquisition of Sakura Exchange BitCoin (SEBC), according to a Nov. 30 announcement. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Commi...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy. In separate let...
1.8 Trillion Shiba Inu Moved Across Exchanges
Shiba Inu (SHIB), world’s second largest meme cryptocurrency is trading under high selling pressure due to the recent collapse of the FTX crypto exchange. However, the crypto exchanges have moved a hu...
27 Crypto Exchanges Vanished in 2022!
27 crypto exchanges vanished in 2022 alone. Only less than 500 crypto exchanges are currently active globally. FTX owes to be a major reason for large layoffs. As all the crypto followers know, the y...
Bitso cuts more staff in fresh round of layoffs
Mexico-based crypto exchange Bitso has let go of an unspecified number of workers in a fresh round of layoffs, about six months after cutting about 80 employees. “Bitso made the difficult ...