Per data from Crypto Quant, people continue to take their bitcoin and digital currency funds out of exchanges. In October alone, more than $750 million in BTC was moved out of digital currency trading...
Tag: Exchanges
High number of Bitcoin investors withdrawing crypto funds from exchanges after FTX crash
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Paxos freezes assets tied to FTX after law enforcement directive
U.S. law enforcement officials directed Paxos on Saturday to freeze assets previously held on FTX. Paxos, a regulated blockchain infrastructure platform, froze 11,184.38 PAXG tokens valued at ro...
FTX collapse to trigger structural change in crypto markets, away from centralization
The collapse of FTX last week will trigger significant market structure changes, namely moving away from a model of all-in-one platform centralization, crypto trading firm Cumberland said. The v...
Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges – Exchanges Bitcoin News
During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the foref...
Fiat-to-Crypto Company Ramp Raises $70 Million to Solve the Crypto Onboarding Problem – Exchanges Bitcoin News
Ramp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and ...
$1 Billion Bitcoin Withdrawn From Binance, 1.6 Million ETH Withdrawn From Exchanges – Trustnodes
Exchanges are currently seeing a mass exodus with more than 59,000 bitcoin, worth about $1 billion, withdrawn from Binance. Coinbase, as one of the oldest and the biggest, had even more withdrawn, 69,...
Multiple Crypto Exchanges Suffer from FTX’s Aftermath
The crash of bankruptcy from the crypto exchange FTX escalates to the crypto industry. Huobi-related subsidiary is the latest victim. Citing “Failure to withdraw cryptocurrency assets from crypto ex...
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...
Pissed, pessimistic and paranoid, FTX clients face new reality: ‘It’s all gone.’
Crypto investor Sean Taggart’s opinion of FTX and its founder Sam Bankman-Fried soured radically in recent days. “Should’ve known when he said he was a vegan altruist not to trust him,” said the 3...
SHIB’s 2022 bottom could have everything to with exchanges and their…
SHIB falls to an all-year low amid market subsidies and exchanges public revelation Price indicators reveal it might be much more difficult for the meme to revive in the short term In a bid to resist ...
FTX saga unravels more after the crypto exchange’s bankruptcy filing
The bankruptcy filing of crypto exchange FTX on Friday did not stop the chaos surrounding the once prominent and trusted crypto trading venue. Since the filing that included 135 affiliated companies, ...
Learning from the FTX collapse: Are centralized exchanges really safe?
The recent collapse of popular crypto exchange FTX is again raising the question of ‘who actually controls our crypto assets?”. This whole debacle has significantly damaged the crypto industry, as alm...
FTX under investigation for possible criminal misconduct in the Bahamas
FTX, which filed for Chapter 11 bankruptcy protection in the U.S. on Friday, is now under investigation in its headquarters of the Bahamas. “In light of the collapse of FTX globally and the prov...
Binance’s CZ Cautions Investors Over Proof of Reserves by Exchanges
Exchange News Crypto.com’s CEO said that the mentioned transactions were, in fact, inadvertent. Huobi has also issued a statement referencing the transfer to an institutional investor. After the FTX c...
All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough
On top of that, at risk of sounding like a Luddite, I also think consumers are wising up to one of the problems with contemporary business: complexity. Sure, without complicated things we wouldn’t hav...
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives – Exchanges Bitcoin News
Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that ...
$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics ...
Are Crypto Exchanges Faking Proof Of Reserves? CZ Warns Investors
In the light of FTX crash, Binance CEO CZs initiative to disclose proof of reserves has forced other market players to do the same. While, exchanges have started declaring their proof of funds, crypto...
Binance CEO Says Why You Should Avoid Exchanges That Do This
Arman Shirinyan CEO of biggest exchange on market explains how to avoid losing funds on crypto trading platforms Changpeng Zhao, Binance CEO and a person who is now considered one of the most influent...
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships – Exchanges Bitcoin News
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to bu...
Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
The Securities Commission of the Bahamas (SCB) did not require failed crypto exchange FTX to allow withdrawals for users in the country, according to a statement shared on the financial regulator̵...
The FTX aftermath: Exchanges shoulder this shared responsibility of…
Singapore-based crypto exchange Crypto.com published its proof of reserve on 11 November and Shiba Inu [SHIB] took center stage. The move to publish the proof of reserve was in line with an industry-w...
FTX spent $74 million on real estate in the Bahamas this year: Exclusive
Now-bankrupt crypto exchange FTX Group went on a real estate splurge this year, according to government documents obtained by The Block and confirmed by two former FTX employees. In total, the ...
Among the oldest and most reliable crypto exchanges available on the market
Advertisement     Most new crypto startups and platforms blossom during a bull market when profits are flowing, and new venture capital is everywhere. The only problem...
CZ vows to be ‘more vocal’ about competition following FTX collapse
Binance CEO Changpeng Zhao says he will be loosening up his “policy to not comment on competitors (we call industry peers) publicly” following the collapse of FTX. “Going forwa...
FTX had only $900 million in liquid assets backing $9 billion in debt: FT
FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
SBF built bespoke ‘backdoor’ to outwit FTX compliance systems: Reuters
Sam Bankman-Fried built a “backdoor” to his FTX exchange in an effort to change financial records and move funds without alerting others, according to a report by Reuters citing two people...
Alameda wallets seemingly being drained, according to on-chain data
Funds were seemingly being channelled out of Alameda wallets, with millions in tokens being redirected to one address this morning. Transactions to the wallet included 9.8 million wrapped XRP (...