Exchanges

BTSE has recently unveiled the groundbreaking BTSE Dex 2.0, a platform that revolutionizes decentralized trading by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This innovative feature enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol, BTSE Dex 2.0 offers
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Solana has recently made headlines in the world of decentralized exchanges (DEX) by surpassing Ethereum in monthly DEX volume for the month of July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking a significant milestone for the network. This surge in volume is attributed to the increasing activity on Solana’s platforms such
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Recently, crypto researcher Molly White raised allegations against popular crypto exchange Coinbase regarding a $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC). White suggested that this donation might have violated campaign finance laws due to the timing of the contribution in relation to Coinbase’s negotiations for a federal government contract with
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Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter, exceeding market expectations. This significant figure represents a substantial increase from the $674.1 million in total income reported during the same period last year. Furthermore, the company managed to achieve a net income of $36 million for the quarter,
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The decentralized exchanges (DEXs) have reached a milestone with their highest-ever trading volume compared to centralized exchanges (CEXs). Uniswap founder Hayden Adams pointed out this significant achievement, emphasizing that the DEX market share is currently at an all-time high in relation to CEXs. This trend is supported by a chart from The Block, illustrating the
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In the competitive world of crypto exchanges, Zoomex has set itself apart by prioritizing user anonymity. Unlike many other platforms that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. This emphasis on privacy particularly
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Upon conducting a preliminary investigation, WazirX announced that there was no evidence to suggest that the machines of WazirX signers were compromised during the recent cyber attack on its multi-signature Ethereum wallet. Despite this, the attack that took place earlier this month has sparked concern and scrutiny within the crypto community. Initially, the exchange attributed
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Bitstamp, a popular crypto exchange, has recently announced that it has started the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a major milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that resulted in the collapse of Mt. Gox. Bitstamp
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India-based centralized exchange WazirX is currently in the process of seeking partnerships to restore its full operations after experiencing a significant exploit that led to the loss of nearly half of its assets. Co-founder Nischal Shetty shared this development in a social media post on July 23, reassuring users that the team is actively working
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The recent hack of India-based crypto exchange WazirX has raised significant concerns regarding the security measures implemented by the platform. Despite claims by multiparty computation (MPC) wallet provider Liminal that its infrastructure remained safe and was not compromised in the breach, the incident has exposed vulnerabilities that need to be addressed. According to Liminal’s post-mortem
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Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This strategic move is aimed at catering to the needs of the 450 million residents of the European Union. By establishing a presence in Malta, OKX intends to offer services that are in compliance with local regulations, while
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Cyvers Alert, a blockchain security firm, recently reported that the Indian exchange WazirX fell victim to an exploitation scheme, resulting in the loss of approximately $235 million. The firm’s system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, where a total of $234.9 million worth of funds were moved to
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Russia’s Ministry of Finance has recently proposed a new approach to digital asset trading, suggesting that traditional exchanges could handle such transactions for select investors. This potential shift in regulations could have significant implications for the future of cryptocurrency in Russia. The proposed regulations outline the creation of special rules for “conducting organized trading in
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In a recent hearing, Judge Katherine Polk Failla criticized Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. She pointed out that the request included Gensler’s statements before he became SEC chair in 2021. Coinbase’s argument for seeking Gensler’s earliest comments was based on the need to confirm whether
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Blockchain technology has revolutionized the way we think about transactions and data storage. With the rise of cryptocurrencies, it has become essential to ensure the security of digital assets. Recently, Kraken, along with other key industry players, announced the formation of the Blockchain Security Standards Council (BSSC) to enhance security within the crypto sector. This
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Artur Schaback, co-founder and former CTO of Paxful Inc., recently pleaded guilty to conspiracy charges related to the failure of maintaining an effective anti-money laundering (AML) program. This negligence allowed Paxful to become a hotspot for various illicit activities, including money laundering, sanctions violations, fraud, romance scams, extortion schemes, and prostitution. Criminal activities flourished under
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The deputy director of the Central Bank of Nigeria (CBN), Olubukola Akinwumi, made serious allegations against Binance, a popular cryptocurrency exchange platform. Akinwumi accused Binance of conducting transactions that are typically reserved for authorized banks and financial institutions. This accusation was a part of his testimony in an ongoing lawsuit brought by the Economic and
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Taiwan Mobile, the second-largest telecom operator in Taiwan, recently made headlines by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move was in line with the Financial Supervisory Commission’s efforts to regulate virtual currency platforms and prevent money laundering. The company’s General Manager, Lin Zhichen, has been named as
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The European Banking Authority (EBA) recently announced an update to its Travel Rule guidelines that will now include crypto service providers and intermediaries. This update, which will come into effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The aim of these guidelines
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