Crypto community suspects pump and dump happening on Binance exchange, according to Collins Wu. Repeated cases of token dump shortly after listing has been recorded. All reported cases so far have hap...
Tag: Exchanges
Gemini lays off 10% of its staff amid Genesis and DCG lending crisis
Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...
Leading Cryptocurrency Exchanges That Have Published Proof of Reserves
There is no question that transparency plays a crucial role in the cryptocurrency sector. The premise of decentralization powered by blockchain technology is to create an ecosystem without any central...
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K – Exchanges Bitcoin News
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposur...
Comparing The Top Decentralized Exchanges
Nearly everyone in the crypto space agrees that decentralized exchanges (DEX) are the future of crypto trading. That is because, even now, in 2023, trading digital assets on centralized crypto exchang...
Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges – Bitcoin News
The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian...
Bitcoin surpasses $22k as 20k BTC pulled off exchanges
Quick Take: Jan. 20 saw 20k BTC pulled from exchanges. The majority of the coins have been pulled from Binance — roughly ~13k Bitcoin. Over $100 million has been liquidated in the past 4 hours. Bitcoi...
Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges and more
Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has recently witnessed a massive resurgence in daily sales volume. Co...
XRP Transactions Skyrocket In Australian Top Exchanges
Ripple has reached a new milestone in Australia with its native token, XRP, recording the highest trading volumes on exchanges. With this, Ripple now dominates Australian crypto exchanges as the XRP c...
Genesis Transfers Over $113M To Exchanges Despite Filling for Chapter 11 Bankruptcy Protection
Distressed institutional crypto lending and trading protocol Genesis Trading has transferred digital assets from its wallets to exchanges after filing for bankruptcy protection. Notably, Genesis Globa...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
Top 10 Exchanges that have Released Proof of Reserves Audit
On November 11, 2022, FTX, the third largest cryptocurrency exchange based on the volume of trades, voluntarily filed for Chapter 11 bankruptcy. FTX was forced to shutter because it had just $900 mill...
Binance to Increase Presence in Poland in Compliance With Local Regulations – Exchanges Bitcoin News
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Poli...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...
FTT token price soars after FTX CEO floats exchange restart
FTT, the token tied to bankrupt crypto exchange FTX, shot up 30% after the exchange’s new CEO suggested that FTX.com might be restarted. The token was trading at around $2.28 as of 11:20 a...
New FTX CEO says the crypto exchange could be restarted: WSJ
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III’s plan to restart the exchange. “I’m glad Mr. Ray is finally paying lip service to turning the exc...
LUNC Network Upgrade Backed By Major Exchanges
Just this January 14th, LUNC just went through its network upgrade that was supported by Binance. The upgrade was due to several developments on-chain. According to its January 1st blog post, it was b...
Crypto Tokens Shouldn’t be “Self-Certify” by Exchanges
3 hours ago | 2 mins read Editors News CFTC commissioner Christy Goldsmith Romero warned about crypto self-certification. Goldsmith urges Congress to stop allowing exchanges to self-certify products. ...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight – Regulation Bitcoin News
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion...
Mr. Wonderful Predicts “Massive Outflows” of Crypto Exchanges
The Shark Tank star, Mr. Wonderful or Kevin O’Leary is a Canadian businessman, and entrepreneur. He initially expressed skepticism of cryptocurrencies. He told CNBC that Bitcoin is “a digital game and...
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner – Exchanges Bitcoin News
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Depa...
Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?
The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were pulling their cryptocurrencies off exchanges ...
Unregulated Crypto Exchanges Will “Go to Zero,” Says Kevin O’Leary
Despite his involvement in the downfall of FTX, which he sponsored for financial gain, Kevin O’Leary, the venture capitalist, is once again investing in the cryptocurrency sector. In a recent intervi...
‘Wtf is Bitzlato?’ Crypto Twitter rolls eyes at DOJ’s big arrest
The U.S. Department of Justice got schooled in how not to manage expectations on Crypto Twitter Wednesday morning after it teased the announcement of an “international crypto enforcement action&...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
Bitcoin Sees Historic Drop on Exchanges, Here’s What it Means
The fall of Sam Bankman-Fried’s $32 billion crypto empire highlighted the importance of self-custody for users. In fact, investors have already hopped on the trend of holding their assets themselves r...
Bitzlato founder arrested for allegedly processing $700 million in illicit funds
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department’s efforts to take down a “money laund...
Ripple Ruling Australian Crypto Exchanges Despite SEC Lawsuit
Ripple, cross border payment service providing firm has been engaged in a legal tussle forced by the U.S. Securities and Exchange Commission (SEC) for a very long time. This has led to an unclear visi...