Binance CEO Chanpeng Zhao said the industry is in a “healthier” place after a “nasty” 2022, and he expects better thing in 2023. “I would expect recovery,” Zh...
Tag: Exchanges
Here’s how centralized exchanges aim to win back users after the FTX collapse
Centralized crypto exchanges play a huge part in the crypto trading ecosystem. However, the FTX collapse showcased how difficult it is to trust exchanges with user funds. Despite this, crypto trading ...
Binance releases proof-of-reserves system, starting with bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. This comes just weeks after rival exchange FTX collapsed, aft...
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70% – Exchanges Bitcoin News
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to ...
Leading South Korean Exchanges Announces Delisting of WEMIX Token
Exchange News The token’s delisting was declared by the Digital Asset Exchange Joint Consultative Body. The token’s developer has completed a $46 million funding round. The WEMIX token, used on the WE...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
WEMIX token plunges 70% after it’s delisted by Korean exchanges
South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false informa...
Microsoft-Backed WEMIX Falls 68%, Getting Delisted by Five Top Exchanges
Yuri Molchan Five major exchanges are delisting WEMIX, whose company Wemade was invested in by Microsoft Disclaimer: The opinion expressed here is not investment advice – it is provided for informatio...
South Korean Exchanges Delist Microsoft Linked WEMIX
WEMIX Token Delist News: Several major crypto exchanges based in South Korea have announced the delisting of gaming platform token WEMIX. The crypto project had recently announced raising funds from c...
UAE regulator revokes FTX license amid the exchange’s collapse
As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license that allows FTX to make preparations to service...
Bitcoin exchanges see 180K BTC supply decrease amid Mt. Gox BTC sales
Bitcoin (BTC) exchanges may have just seen the largest exodus of user funds ever, data suggests. Data from on-chain analytics firm Glassnode shows that on Nov. 23, major exchanges were down almost 179...
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets – Exchanges Bitcoin News
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have al...
Lemon Cash CEO expects more fintech layoffs in LatAm amid its own: Exclusive
Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region. Several other Latin America-based crypto companies have announc...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Korean exchanges to delist gaming company Wemade’s native token
Wemade’s native token, wemix, will be delisted from top South Korean exchanges next month, despite assurances from the gaming company about the way it has distributed the token. Members of...
Russia Prepares to Create Government-Controlled Crypto Exchange – Exchanges Bitcoin News
Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and t...
As crypto exchanges reel, Kraken’s new UK head remains ‘extraordinarily bullish’
Barely a month into his new role, Blair Halliday was just finding his feet at crypto exchange Kraken when the spectacular collapse of rival FTX shook the industry to its foundations. Kraken ann...
Binance targets $1 billion for ‘industry recovery fund’
Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced “industry recovery fund.” CEO Changpeng “CZ” Zhao discussed the plan on B...
Researcher explains ETH exodus from exchanges
Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra...
FTX asks court to let BitGo safeguard its assets during bankruptcy
FTX notified a federal judge that it wants BitGo to safeguard its remaining digital assets as bankruptcy proceedings play out. A custodial services agreement with BitGo was signed Nov. 13, appro...
Sam Bankman-Fried says he’ll speak at New York conference
FTX founder Sam Bankman-Fried, who’s mostly kept to making statements on Twitter amid the collapse of the crypto exchange he once ran, said he’d be speaking with New York Times columnist A...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Record quantities of Bitcoin leave exchanges in readiness for contagion fallout
Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges. Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136,992 BTC had been withdrawn over ...
Are Decentralized Exchanges More Attractive after FTX Collapse?
Sabrina Martins Vieira Even though decentralized exchanges have boomed with crash of FTX, road to spontaneous acceptance can be long Contents Advantages of decentralized exchanges But does this mean t...
South Korea Crypto Bill Could Leave Exchanges With Less Power
South Korean lawmakers are proposing an amending to a crypto regulation bill. The bill would give financial regulators more authority over crypto exchanges. South Korean lawmakers are preparing to ame...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...
Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin – Exchanges Bitcoin News
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing...
Here’s How Trillions of SHIB are Spread Across Key Crypto Exchanges
Gamza Khanzadaev Location of trillions of SHIB becomes known after crypto exchanges disclose holdings CoinMarketCap, a cryptocurrency information portal, has published detailed reports on the reserves...
Coinbase CEO reaffirms exchange’s BTC holdings after CZ’s tweet
Coinbase chief executive officer Brian Armstrong is reassuring users about the financial health of the Nasdaq-listed crypto exchange, following a potentially damaging tweet – since deleted – from Chan...