cryptocurrency exchange
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Understanding Bitcoin Reserves: Binance’s Performance in the Last 24 Hours
According to reports, the changes in BTC reserves in the wallet addresses of the exchange in the past 24 hours are as follows: Binance has inflow of 2387.4 BTCs, and currently hold
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ZkSync Era main network Alpha is now open to all users
On March 24th, zkSync Era reported that the main network Alpha is now open to all users and has spent $3.8 million to ensure the security of zkSync Era. Users can now use cross cha
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Binance Spot Order Book Data Update Failure: An Overview
It is reported that the cryptocurrency exchange Binance has failed and its spot order book data has not been updated for a long time. Coin An stated on its social platform that the
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Binance: Problems in spot trading have been suspended and efforts are being made to resolve them
On March 24th, Binance said on its social platform that there was a problem affecting Binance\’s spot trading. In the process of trying to resolve this issue as soon as possible, al
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Kraken Suspends ACH Deposits and Withdrawals: What You Need to Know
According to reports, Coindesk: The cryptocurrency trading platform Kraken suspended all deposits and withdrawals at ACH (Automated Clearing Center).
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On March 23, the Independent Reserve of the Australian Cryptographic Exchange Established its Presence in Hong Kong, China
On March 23, it was announced that the Independent Reserve of the Australian Cryptographic Exchange plans to pay closer attention to the opportunities in Hong Kong, China, as Hong
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#Insiders of Coinbase Sell Company Shares Worth $7.4 Million in 30 Days
On March 23rd, according to Dataroma data, insiders of Coinbase, the cryptocurrency exchange (including CEO Brian Armstrong and other executives), have sold approximately $7.4 mill
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Marcus Swanepoel Resigns as Luno’s CEO to Serve as Executive Chairman
According to reports, Marcus Swanepoel, co founder of the cryptocurrency exchange Luno, will resign as CEO and become the company\’s executive chairman. Since being acquired by DCG
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The Sale of 150 Million ARENA Tokens to Paradigm by Code4rena
On March 22, it was reported that the audit DAO Code4rena had sold 150 million ARENA Tokens (accounting for 15% of the total) to Paradigm for $6 million, which had been voted throu
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Coinbase’s Security Reviews: ChatGPT Raises Accuracy Concerns
It is reported that Coinbase: ChatGPT, a cryptocurrency exchange, does not meet the accuracy requirements of security reviews.
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Coinbase Considering Offshore Platform to Launch Permanent Swaps
According to reports, two sources said that Coinbase, the cryptocurrency exchange, is exploring the launch of an offshore platform to launch permanent swaps related to cryptocurrencies, as the company hopes to break the status quo of the industry dominated by its competitor, Coinbase. According to people familiar with the matter, Coinbase has briefed market makers and trading companies on plans to launch the platform in offshore jurisdictions, where permanent swap contracts will be included. Derivatives provide traders with a more capital efficient way to bet on the underlying cryptocurrency market. Source: The proposed overseas platform of Coinbase will provide derivatives trading Analysis based on this information:Coinbase, one of the largest cryptocurrency exchanges in the world, is reportedly exploring an offshore platform to launch permanent swaps related to cryptocurrencies. The move is aimed at challenging its competitors and breaking the status quo of the industry. Two sources familiar with the matter have stated that Coinbase has briefed market makers and trading…
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Coinbase Plans to Expand Services Globally
According to reports, Coinbase, a cryptocurrency exchange, said it was in discussions with customers to develop a new overseas (trading) platform. (Jin Shi) Coinbase: Negotiating with customers to develop a new overseas trading platform Analysis based on this information:One of the largest and well-known cryptocurrency exchanges, Coinbase, has reportedly announced plans to develop a new overseas trading platform. The move comes as more users worldwide are showing interest in digital assets, with cryptocurrencies being one of the most popular. The firm has already laid the groundwork for the new platform by starting discussions with customers around the world with the aim of expanding their global reach and providing a more user-friendly service. The development of the new trading platform reflects Coinbase’s ambition to increase their market coverage, particularly in parts of the world where the demand for cryptocurrencies is high. With traditional financial intermediaries gradually losing their grip, digital assets are becoming an increasingly attractive investment option. However, navigating the…
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Allegations of Bribery Emerge in South Korean Cryptocurrency Exchanges
On March 17th, it was confirmed that employees of Bithumb, another cryptocurrency exchange in South Korea, after Coinone, were also being investigated by prosecutors for allegedly collecting money to list cryptocurrencies. The Financial Investigation Department 2 of the Southern Seoul District Attorney’s Office conducted an arrest and search on the Bithumb Holdings office and the suspect Lee. Bithumb employees are investigated by South Korean prosecutors for allegedly accepting bribes when the company launched cryptocurrency Analysis based on this information:In recent years, cryptocurrency has seen a surge in popularity across the globe, and South Korea has been no exception. However, with this popularity comes a rise in misdeeds, with allegations of bribery emerging against employees of cryptocurrency exchanges Bithumb and Coinone. On March 17th, it was confirmed that Bithumb was being investigated by prosecutors for allegedly collecting money to list cryptocurrencies. The investigation follows a similar case uncovered in February 2021, where employees at Coinone were alleged to have taken bribes…
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Gemini: Safe, but Troubled Deposits and Withdrawals
According to reports, Gemini, the cryptocurrency exchange, has encountered delays/timeouts in deposits and withdrawals; All customer accounts and funds remain 100% secure. Gemini: The customer’s funds are safe due to the timeout issue of deposit and withdrawal delays Analysis based on this information:Gemini, one of the popular cryptocurrency exchanges, has been experiencing delays and timeouts when it comes to deposits and withdrawals. This message is a warning from the exchange that it could take longer than usual for its customers to receive their deposited funds or to withdraw their crypto holdings from their accounts. However, despite these issues, Gemini assures its users that their accounts and funds are entirely secure. This calming assurance is considerable since there have been numerous instances of other cryptocurrency exchanges hacking or folding, resulting in significant losses to their customers. Issues related to delays and timeouts are not new in the world of cryptocurrency exchanges. When the market experiences a substantial increase in activity, the…
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Massive Transfer of Digital Coins to Coinbase Platform Surfaces
On March 16th, according to Whale Alert data monitoring, 21134 ETHs (approximately $35150650) were transferred from unknown wallets to Coinbase. Data: 21134 ETHs transferred from unknown wallets to Coinbase Analysis based on this information:The cryptocurrency market has been experiencing a significant surge in recent months, and the trend appears to have continued as the digital asset industry now registers another massive transaction. An announcement from Whale Alert data monitoring has revealed that unknown wallets have transferred a total of 21134 Ethereum (ETH) tokens to Coinbase, one of the leading cryptocurrency exchanges in the world. This transaction, which is worth approximately $35,150,650, is one of the biggest transfers recorded within the last few days. The transfer of such a large sum of digital currency to the Coinbase platform has been making headlines because it is coming from an unknown source. The anonymity of the wallet makes it difficult to determine the reason behind the transfer, considering that it could be a…
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African Payment Platform Chipper Cash Weighs Options Including Sale or Finding New Investors
It is reported that the source revealed that the African cross-border payment platform Chipper Cash, supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, is weighing various options, including exploring the sale or finding new investors. Chipper Cash received a US $250 million financing led by FTX and SVB in 2021. FTX invested a total of US $40 million in it, and SVB owned 2% of its equity. At that time, its valuation was about US $2 billion. (Bloomberg) Chipper Cash is considering selling and has been invested by Silicon Valley Bank and FTX Analysis based on this information:Chipper Cash, the cross-border African payment platform, is reportedly exploring a range of options, including a potential sale or finding new investors. The company has been supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, who led a $250 million financing round in 2021. FTX invested a total of $40 million in the platform, while SVB…
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Bitstamp Reduces Workforce by 30%
According to reports, Bitstamp, the cryptocurrency exchange, recently reduced the number of employees by 30%, from about 650 in September last year to 450 in February. However, Bitstamp CEO Jean Beatiste stated in an interview that this is not a round of layoffs. Many consultants engaged in licensing, strategy, compliance, and safety have completed their projects, all of whom completed their tasks at the end of last year. Bitstamp has laid off 30% of its employees and laid off about 200 employees Analysis based on this information:Bitstamp, a renowned cryptocurrency exchange, recently reduced its workforce by 30%, from 650 in September 2020 to 450 in February 2021. The move has caused quite a stir in the cryptocurrency community, with many wondering what it means for the company’s future. Bitstamp’s CEO, Jean Beatiste, has, however, been quick to explain that the reduction was not a round of layoffs but the completion of projects by consultants. According to Beatiste, the consultants were…
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FTX seeks additional time to submit reorganization plan under Chapter 11 bankruptcy law
It is reported that FTX, the cryptocurrency exchange, applied to the US judge, hoping to give another six months to submit the reorganization plan in Chapter 11 of the bankruptcy law. It said that after the bankruptcy last year, the company needed more time to continue to clarify its financial situation and would “soon” publish the details of its assets and liabilities. According to a motion submitted to the Delaware District Bankruptcy Court of the United States on Friday, the company requested to propose a reorganization plan before September 7, compared with the previous plan of March 11. FTX applied to submit the bankruptcy reorganization plan within 6 months Analysis based on this information:FTX, one of the most prominent cryptocurrency exchanges, has reportedly applied to a US judge to extend the deadline for submitting its reorganization plan under Chapter 11 bankruptcy law. The new request asks for six more months to submit the plan, as the company needs additional time…
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Coinbase CEO’s Views on Pledge Plan, Derivatives Platform and CFTC Cooperation
On March 14, Brian Armstrong, CEO of Coinbase, said in the latest Bankless podcast interview that Coinbase’s pledge plan was not a security, so he would defend the pledge mechanism and defend its rights and interests in court. In addition, Brian Armstrong also revealed that Coinbase was considering selecting several derivatives. The exchange had been cooperating with the United States Commodity Futures Trading Commission (CFTC) to promote the online operation of its derivatives platform as soon as possible, which would also become a major event in the United States encryption market. Coinbase CEO: is cooperating with the CFTC of the United States to launch the derivatives platform as soon as possible Analysis based on this information:Brian Armstrong, CEO of Coinbase, spoke in detail about the company’s pledge plan, derivatives platform, and cooperation with the Commodity Futures Trading Commission (CFTC) during his latest Bankless podcast interview in March. Armstrong reinforced his confidence regarding the pledge mechanism, stating that it was not…
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BitMEX Suspends All Transactions Due to Problems, But Assures User Funds are Safe
It is reported that BitMEX, the cryptocurrency exchange, said that all transactions in the exchange were suspended due to the discovery of problems. At present, only the “cancellation mode” is active and available. BitMEX said that it was working hard to implement the repair and would release updates when necessary. BitMEX said that all user funds are safe. BitMEX Exchange has suspended all transactions Analysis based on this information:BitMEX, a popular cryptocurrency exchange, announced its suspension of all transactions on its platform due to the discovery of problems. Currently, users only have access to the “cancellation mode,” while the exchange works to implement repairs and updates. The exchange has also reassured its users that all their funds are safe. The reason behind the suspension of transactions is not specified, but it’s not uncommon for cryptocurrency exchanges to halt activity to address technical problems. This is considered a safety measure to protect users’ assets and prevent trading errors. However, such unplanned…