28 / 31 Relevant items tagged with #CryptocurrencyExchange

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Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%

[Dec 13, 2022 2:22 PM] GMX and LOOKS price pulled off double-digit rallies in the last week as former BitMEX CEO Arthur Hayes revealed his investment thesis for both projects.

Canada bans crypto leverage and margin trading after FTX collapse

[Dec 13, 2022 7:53 AM] Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess.

$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report

[Dec 12, 2022 4:10 PM] To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity.

Bitcoin’s bear market is far from over, but data points to improving investor sentiment

[Dec 12, 2022 3:55 PM] Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay.

Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange

[Dec 12, 2022 2:05 AM] While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody.

Binance's proof-of-reserves raises red flags: Report

[Dec 11, 2022 1:39 PM] Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern.

SBF tried to destabilize crypto market to save FTX: Report

[Dec 10, 2022 2:59 PM] Trades made by Alameda Research were reportedly focusing on depeg Tether's stablecoin.

Binance suspends trader's account after complaints on Twitter

[Dec 10, 2022 12:49 PM] Binance CEO Changpeng Zhao said the firm doesn't want to service "unreasonable" clients.

Bahamian attorneys pursue access to FTX data of international customers

[Dec 9, 2022 11:08 PM] The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations.

Data shows the Bitcoin mining bear market has a ways to go

[Dec 9, 2022 4:30 PM] The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.

FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'

[Dec 9, 2022 2:00 PM] According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”

Crypto.com releases proof of reserves, showing above 100% for BTC, ETH

[Dec 9, 2022 1:00 PM] The new disclosure page allows skeptical users to self-verify that their assets are included in the report.

BlockFi employees were discouraged from describing risks in internal communications: Report

[Dec 8, 2022 1:30 PM] According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.

Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

[Dec 8, 2022 12:01 PM] WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.

Fintech Company ZELF launches anonymous Visa debit card with crypto recharge

[Dec 8, 2022 10:17 AM] The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.

Many Koinly staff point to poor communication, CEO in global layoffs

[Dec 8, 2022 9:00 AM] Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.

Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year

[Dec 7, 2022 3:30 PM] The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.

Crypto consumer protection, proof of reserves bills introduced into US Congress

[Dec 7, 2022 3:00 PM] New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.

Binance US eliminates trading fees for Ethereum

[Dec 7, 2022 2:00 PM] This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.

Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report

[Dec 7, 2022 12:30 PM] Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady, and NBA point guard Stephen Curry promoted FTX.

Zodia Custody launches service to protect users’ crypto from exchange insolvency

[Dec 7, 2022 11:45 AM] The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges.

Security in crypto comes from liquidity or the lessons we learned after FTX

[Dec 7, 2022 9:00 AM] Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.

Gate.io pledges $100M to revive crypto and rebuild investor confidence

[Dec 7, 2022 2:49 AM] With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.

Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'

[Dec 6, 2022 5:31 AM] Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire.

Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances

[Dec 5, 2022 12:30 PM] Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda.

Audit firm Mazars to verify KuCoin’s proof of reserves

[Dec 5, 2022 4:00 AM] Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.

AAX clients storm exchange's office in Lagos following operational halt

[Dec 4, 2022 12:23 PM] A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media.

Regulators face public ire after FTX collapse, experts call for coordination

[Dec 4, 2022 8:34 AM] U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.

Bybit announces second round of layoffs in 2022 to survive bear market

[Dec 4, 2022 4:50 AM] Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce.

Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report

[Dec 3, 2022 10:05 AM] The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis.