In a recent bankruptcy hearing, FTX has made the decision to abandon any hopes of revival and instead liquidate its assets to provide full compensation to its affected customers. This choice, delivered by Andy Dietderich, FTX’s attorney, has had a detrimental impact on the value of the exchange’s native token, FTT, which fell 13.95% as
Exchanges
In recent news, Binance, one of the leading cryptocurrency exchanges, has unveiled an innovative solution to address the concerns of institutional investors. Designed as a “banking triparty” arrangement, this groundbreaking development aims to enhance trust and mitigate counterparty risks. After two years of careful development, Binance is now allowing institutional investors to secure their trading
Bitcoin’s recent decline of approximately 20% from its year-to-date high has prompted the need to take a broader view of the overall market. To gain a better understanding, we will analyze the performance of various tokens listed in the Coinbase and Binance lawsuits, both defending their positions in U.S. courts. The main point of contention
Cryptocurrency exchange Coinbase has recently revealed its intentions to diversify its execution clients, citing concerns over the dominance of go-Ethereum (Geth). This move comes as the industry continues to evolve and grow, prompting Coinbase to explore alternative qualified execution clients for its platform. In a statement made on the social media platform X (formerly known
Crypto exchange Gemini has recently achieved a significant milestone by being registered as a Digital Asset Service Provider (DASP) in France. The registration, granted by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, allows Gemini to cater to retail and institutional customers in France. This regulatory approval opens up opportunities for Gemini
Coinbase Prime, the dedicated crypto platform tailored for institutional investors, trusts, and high-net-worth individuals, experienced a significant surge in trading activity after the introduction of U.S. spot Bitcoin ETFs. A recent CryptoSlate analysis revealed that a hot wallet at Coinbase Prime has witnessed a remarkable increase in inflows, surpassing the historical dominance of Binance’s hot
In a recent development, the Indian government has blocked access to major global crypto exchanges, including Binance, KuCoin, and OKX. This move, effective January 12th, is aimed at preventing Indians from accessing the URLs of foreign crypto platforms. Notably, the Ministry of Electronics and Information Technology has also requested Apple to restrict Indians from accessing
The recent announcement by Gemini, a prominent cryptocurrency exchange, regarding the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is being hailed as a game-changer for the crypto futures market. This development is set to revolutionize the dynamics of perpetual contracts and bring about increased liquidity and diverse market participation. The
In a recent announcement, crypto exchange Binance confirmed that its application, along with several other foreign-based exchange applications, has been removed from Apple’s Indian App Store. This move comes as a result of new changes introduced by Apple regarding crypto exchanges on its iOS platform in India. The impacted exchanges include Kraken, MEXC Global, HTX
Cryptocurrency exchanges and Bitcoin exchange-traded funds (ETFs) have gained significant attention in recent years. With the potential approval of a spot Bitcoin ETF, analysts have raised questions about the pricing structures of crypto exchanges and the implications for ETF issuers. This article critically analyzes the fees charged by exchanges and the cost of holding Bitcoin
Completing risk-acknowledgment forms has become a requirement for users of Coinbase UK, as the company strives to comply with the Financial Conduct Authority’s (FCA) new financial promotions regulations. However, this process has posed several challenges for users, leading to frustrations and dissatisfaction. Coinbase UK has notified its users via emails that they must complete a
In a recent statement, cryptocurrency exchange Binance announced its consideration to delist three major privacy tokens: Zcash (ZEC), Monero (XMR), and Horizen (ZEN). Binance justified this move by stating that these assets are no longer meeting its listing criteria. In addition to the aforementioned tokens, Binance also placed a “Monitoring tag” on other digital assets
In the world of cryptocurrency exchanges, Binance has been a dominant player for several years. However, recent data from Paris-based crypto intelligence platform Kaiko reveals a significant decline in Binance’s market share. From its peak at 60% in 2022, Binance’s market share plummeted to 44.5% in the past year. This decline marks a departure from
Crypto exchange OKX has recently announced that it will be introducing new requirements to ensure compliance with the regulations set by the U.K. Financial Conduct Authority (FCA). These measures, which will come into effect on January 8th, are aimed at enhancing user awareness of the risks associated with cryptocurrency investments and evaluating their level of
Ping Exchange has recently made waves in the crypto trading landscape by initiating its trading operations on January 1st. This new entrant in the industry brings a unique feature to the table: the integration of CorePass ID for user authentication. By leveraging the Core Blockchain ecosystem, Ping Exchange offers users a decentralized digital identity that
Bitfinex, a leading cryptocurrency exchange, has released its year-end Alpha report, in which it predicts a significant growth in the total market capitalization of the cryptocurrency market. Despite the challenges faced in 2023, Bitfinex remains optimistic about the resilience and potential growth of Bitcoin and other crypto assets. According to Bitfinex’s prediction, the total market
The Coinbase International Exchange recently announced that it has implemented leverage limits of 10X on its perpetual future contracts. This move aims to empower traders to execute more efficient trading strategies. While this development presents new opportunities for investors, it also comes with inherent risks and constraints that must be carefully considered. Coinbase International has
A new player has emerged in the cryptocurrency space, and its name is Solana. Over the weekend, Solana’s trading volume skyrocketed, surpassing that of Bitcoin and Ethereum on major centralized exchanges. This remarkable milestone has caught the attention of industry experts and traders alike, signaling a shifting landscape within the crypto market. An Unprecedented Achievement
In the world of cryptocurrency trading, exchange balance data plays a crucial role in understanding investor behavior. It provides insights into whether investors prefer to store their Bitcoin holdings off-exchange or keep them on exchanges for potential sale or trade. This metric holds the potential to signal market sentiment, with off-exchange storage often indicating a
Coinbase, one of the leading cryptocurrency exchanges, has recently registered to offer its services in France. The company announced on December 21 that it has received approval from France’s Autorité des marchés financiers (AMF) to operate as a virtual asset service provider (VASP). This registration, also known as Prestataire de Services sur Actifs Numériques (PSAN),
Former FTX CEO, Sam Bankman-Fried, has been denied his request for an adjourned sentencing hearing, according to a recent court filing. Bankman-Fried’s legal team had requested a delay of four to six additional weeks, pushing the sentencing date into May 2024. Currently, Bankman-Fried’s sentencing is scheduled for March 28, 2024. The defense argued that they
In the ever-evolving world of cryptocurrency, trust and transparency are of utmost importance. To address these concerns, exchanges have started adopting proof-of-reserves (PoR) practices. Bybit, a Dubai-based crypto exchange, recently made headlines by expanding its PoR attestation to cover 32 cryptocurrencies. This move aims to provide customers with assurance that their assets are fully backed
FTX Trading Ltd. has announced a groundbreaking settlement with its Bahamas-based subsidiary, FTX Digital Markets, to tackle the challenges stemming from the collapse of the FTX group in November 2022. This marks a significant step forward in addressing the fallout from the collapse and aims to provide compensation to affected users. Under the settlement terms,
In a momentous turning point for the blockchain industry, Solana’s decentralized exchanges (DEX) briefly overtook Ethereum’s trading volume on December 16. According to data from DeFillama, Solana’s DEX trading volume reached $1.536 billion, surpassing Ethereum’s $1.164 billion during this period. The community celebrated this milestone, with Anatoly Yakovenko, Solana’s co-founder, expressing his excitement by stating,
FTX Debtors recently filed an amended Chapter 11 reorganization plan on December 16th, which has raised concerns about potential financial losses for the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims at the crypto prices on November 11th, 2022, the day FTX filed for bankruptcy. This decision seems questionable, especially considering the
FTX Debtors recently submitted an amended Chapter 11 reorganization plan, putting the spotlight on the potential losses that the defunct cryptocurrency exchange’s creditors may face. The plan suggests valuing the claims of these creditors based on the cryptocurrency prices recorded on November 11, 2022, the day FTX filed for bankruptcy protection. Unfortunately, this particular date
Coinbase, one of the leading cryptocurrency exchanges, made headlines recently with its decision to include Bonk (BONK), a Solana network token, in its list of tradable assets. This move comes at a time when Coinbase is actively involved in institutional activities, such as the highly anticipated Bitcoin ETF custody with BlackRock. The inclusion of Bonk