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August 16, 3:00 am
|Indian Finance Minister Asks Crypto Investors to Exercise Caution as Aut...|
India's finance minister has cautioned investors about cryptocurrency as the country's Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms.Indian Finance Minister Cautions About Crypto
Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs that cryptocurrency is not currency, stating:
The government has already warned. I think all of us will have to share our thoughts and move with a bit of caution on this.
On Thursday, News18 reported that the finance minister asked investors to exercise caution on crypto, emphasizing that a new law on cryptocurrency is coming soon.
Her statements came as India's Enforcement Directorate (ED) probes cryptocurrency exchanges in relation to its money-laundering investigations. The law enforcement agency has frozen the assets of at least two cryptocurrency exchanges this month. Wazirx's bank assets worth $8 million were frozen on Aug. 5 and Vauld's bank and crypto assets worth about $46 million were frozen last week.
Responding to the ED's allegations, Vauld released a statement Saturday revealing that it fully cooperated with the ED and provided all the re...
August 14, 4:30 am
|Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Main...|
Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges.Ale...
August 13, 4:30 pm
|Binance CEO Says Exchange Recovered $450 Million From the Curve Finance ...|
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9.Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Explo...
August 13, 6:00 am
|Philippines' Unionbank to Support Cryptocurrency Exchange via Mobile App|
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet. Unionbank to Add In-app Crypto Exchange Feature, Reportedl...
August 12, 7:00 pm
|Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges|
On-chain data shows Bitcoin exchange inflows from whales holding between 1k to 10k BTC have spiked up recently, a sign that can be bearish for the price of the crypto.
Bitcoin Exchange Inflows Spike Up Following Rally Above $24k
As pointed out by a CryptoQuant post, the BTC whales with between 1k to 10k BTC seem to have sent a large stack to exchan...
August 12, 11:00 am
|New Crypto Exchange Platform Bitflex Launches Futures Trading Competitio...|
PRESS RELEASE. Seychelles, August 2022 – Bitflex Ltd., a secure crypto trading exchange currently specializing in crypto derivatives, has announced the launch of a new trading competition with a prize pool of $15,000. From August 5 to September 9, new and existing users on the Bitflex platform can participate in the event for a chance to win ...
August 12, 4:32 am
|Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, ...|
Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT.
*Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and Kraken's staking platform.
The addition of five ...
August 12, 3:30 am
|India Investigates Ten Crypto Exchanges For Laundering Over $125 Million|
India's Enforcement Directorate is conducting an investigation against ten cryptocurrency exchanges allegedly involved in laundering more than 1 billion rupees, equivalent to more than $125 million in digital currency.
According to The Economics Times, the exchanges (which have not yet been identified) were used by several companies accused of mone...
August 12, 2:30 am
|Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes It...|
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange's former employee.Hotbit Suspends Trading, Deposits, Withdrawals
August 11, 10:30 pm
|Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges|
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation.Uzbekistan Takes Steps to Prevent Crypto Trading and Cu...
August 10, 5:17 pm
|Brazil payment app PicPay launches new crypto exchange service with Paxo...|
PicPay, a Brazil-based payment app, has announced will now allow its users to buy, sell and hold cryptocurrencies, in its first foray into the crypto market. Today, PicPay launches its cryptocurrency exchange service, which initially supports trading of Bitcoin and Ethereum, as well as USDP.
The exchange is operated in partnership with Paxos, a blo...
August 10, 4:00 pm
|Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixed...|
Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve's front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform's team managed to freeze $200K worth of the stolen funds.Curve Finance Exploit...
August 10, 2:00 pm
|German Crypto Exchange Nuri Files for Insolvency|
Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany's first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform's services and their funds will not be affected, the company assured.Crypto Exchange Cites 'Lasting Strain on Liquidity' as Reason for Insolvency Fili...
August 08, 5:17 pm
|THORWallet expands DeFi swap functionality with Rango Exchange integrati...|
THORWallet, a non-custodial wallet that allows users to swap native crypto-assets across chains and earn passive income on them, today announced a new partnership with multi-chain DEX, Rango Exchange.
For the first time, THORWallet DEX users can now execute cross-chain swaps on assets beyond those available in THORChain pools, starting with cross-c...
August 01, 7:22 pm
|Crypto exchange WhiteBIT is now available through XTRD's FIX API|
XTRD, an institutional-grade OEMS for crypto-asset trading, announced today that crypto exchange WhiteBIT is now available through its FIX API.
XTRD OEMS for cryptocurrency trading now allows for receiving normalized market data and active trading on WhiteBIT’s exchange using a unified FIX 4.4 end-point.
Launched in December 2018, WhiteBIT is...
August 01, 1:01 am
|Korean crypto exchange KODA to use Uppsala to boost AML and threat detec...|
Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to supply digital asset AML solutions to KODA (Korea Digital Asset), a South Korean crypto exchange.
Through the contract with Uppsala Security, KODA will...
July 29, 3:19 pm
|LATAM crypto exchange Bitso and FMF launch NFT of Mexico's National Team...|
Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team's jerseys that was acquired in cryptocurrencies.
This morning through their social media platforms, the FMF and Bitso announced the opportunity to a...
July 26, 8:10 am
|Long-running crypto exchange EXMO unveils 'lively' rebrand amidst growth|
EXMO, a crypto exchange platform operating since 2014, announced this week a rebranded visual identity with includes a new logo, brand colors, and design features. This new branding comes as EXMO continues to grow its crypto platform while also seeking to expand its presence in other jurisdictions.
Some new developments underway at EXMO:
July 14, 4:18 pm
|Ethereum L2 exchange DeversiFi transforms into multi-chain gateway rhino...|
DeversiFi, the first exchange to integrate StarkWare's ZK-STARK technology, is the next dApp to move beyond its exclusive affiliation with Starkware and Ethereum and is transforming into rhino.fi, a gateway to DeFi, offering users frictionless access to the multi-chain world from a single app.
With an expanded focus, rhino.fi will include other blo...
July 14, 11:02 am
|Bexplus Exchange Announces $5,000 Giveaway for New Users|
[PRESS RELEASE - Hong Kong, Hong Kong, 14th July 2022]
Cryptocurrency exchange Bexplus has announced a generous new incentive program for its users. The platform promises rewards worth up to $5,000 to new users who sign up and make their first deposit. Its New Users Welcome Plan includes a slew of additional benefits.
Launched on June 21, the lates...
July 13, 7:00 pm
|Bitcoin Bearish Signal: Exchange Whale Ratio Is Trending Up|
On-chain data shows the Bitcoin exchange whale ratio has been going up recently, something that may be bearish for the price of the crypto.
Bitcoin Exchange Whale Ratio Has Been Going Up In Recent Weeks
As pointed out by an analyst in a CryptoQuant post, the current BTC whale ratio value suggests whales are still selling large amounts.
July 13, 4:18 pm
|Crypto exchange CoinCola implements new KYC system from Onfido|
CoinCola, a popular bitcoin and crypto exchange, announced today it has launched a new KYC (Know Your Customer) system from Onfido, an identity verification, and fraud prevention technology company.
The new CoinCola KYC system enables a simple and efficient identity verification process.
Users just log into the CoinCola app to capture and upload th...
July 12, 11:00 pm
|Bitcoin Daily Exchange Net Flows Shows Sell-Offs Have Not Subsided|
Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a p...
July 11, 9:30 am
|Crypto Exchange Bitso Launches Remittance Service in Colombia|
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service in Mexico last year in partnership with Circle.
July 10, 7:00 pm
|Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to...|
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there's 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin's 'weak...
July 09, 7:00 pm
|Bitcoin On-Chain Data: Miners Deposit Big To Derivatives Exchanges|
On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls.
Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently
As pointed out by an analyst in a CryptoQuant post, around 4.3k BTC has exited miner reserves d...
July 09, 6:00 am
|US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, ...|
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow's financial isolation amid the ongoing Russian assault on Ukraine.Washington Wants Japan's Crypto Companies to Cut Ties, Further Isolate Russia
The United States h...
July 08, 10:30 pm
|Argentinian Exchange Ripio Presents Crypto Educational Textbook and Web3...|
Ripio, an Argentina-based cryptocurrency exchange, announced the launch of two products, a cryptocurrency educational textbook to help newcomers navigate the crypto market, and a Web3 wallet that the company aims to position as an easy gateway to the metaverse. While other Latam-based exchanges have laid off some staff to survive the current market...
July 08, 1:30 pm
|Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users|
2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition, the platform erased its presence from social media, deletin...
July 08, 1:27 pm
|SimpleSwap: An Exchange That Rewards Crypto for Every Swap|
Cryptocurrencies have shown that they have potential, both as a payment method and as an investment vehicle. During the last bull season, several countries like El Salvador and the Central African Republic adopted Bitcoin as a legal tender. Publicly traded companies such as MicroStrategy and Telsa also invested heavily in Bitcoin, adding the crypto...
July 08, 10:00 am
|Proposal to Set Up Russian Crypto Exchange Circulated in Moscow|
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee.Russian Authorities Mull Creating Domestic Cryptocurrency Exchang...
July 07, 5:17 pm
|Venue One: new blockchain-powered predictions exchange deploying on Algo...|
Venue One, a new blockchain-powered predictions exchange will soon launch live operations on Algorand. Deploying on the Algorand chain will enable Venue One to deliver super speed, flexibility, and security.
In May of 2022, Venue One declared beta tests would begin. The platform had complete functionality in the beta stage, and beta-testers were ab...
July 07, 11:47 am
|Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders|
[PRESS RELEASE - Victoria, Seychelles, 7th July 2022]
Bitwells, the leading crypto derivatives exchange, has launched a 100% deposit match for new signups. The programme will reward traders who deposit up to 10 BTC with a corresponding bonus amount. A total of 777 BTC has been set aside in a funding pool and allocated for the promotion.
A user who ...
July 07, 9:08 am
|Gate Io Announces Second Audit, After Being First Exchange to Provide Pr...|
[PRESS RELEASE - Majuro, Marshall Islands, 6th July 2022]
Gate.io has announced it will commence another proof-of-reserves audit to provide user verifiable reserves data through a Merkle tree implementation audited by a leading third-party firm, after several high-profile bankruptcies in the space.
In 2020, as the first cryptocurrency exchange in t...
July 05, 6:13 am
|Indian Exchanges Volumes Slump Further Following Recent Crypto Tax|
In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pressure following the introduction of another new tax that kicked in last Friday. Trading volume on large platforms has been down roughly 95% as a resul...
July 01, 11:30 pm
|Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venez...|
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers ...
July 01, 11:00 pm
|Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Take...|
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has no...
June 30, 7:00 pm
|USDC Exchange Reserves Rise As Investors Escape From Bitcoin|
This recent selling can prove to be bearish for the values of Bitcoin and other cryptocurrencies.
At the time of writing, Bitcoin's price floats around $19.1k, down 7% in the last seven days.
June 30, 5:10 pm
|Ethereum Loses Steam As Exchange Supply Spikes|
Ethereum (ETH) is once again losing momentum after exhibiting a positive bounce the previous week. At the time of publication, ETH has a market valuation of $125 billion and is currently trading 9 percent lower at $1032.
The second-largest economy in the world is unmistakably losing strength, and if it cannot maintain $1,000, it may go as low as $7...
June 30, 8:43 am
|Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity F...|
Paying gas fees is a crucial component of exchanging crypto and mining digital assets yet remains a significant cost barrier for transactions. A prime example is the major cryptocurrency Ethereum, whose network incurs inherently high gas fees due to its high volume of transactions and token evaluation.
The term gas is used to define the amount of E...
June 29, 5:00 pm
|LBank Exchange Will List Delio (DSP) on June 30, 2022|
PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Delio (DSP) on June 30, 2022. For all users of LBank Exchange, the DSP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on June 30, 2022.
Its native token DSP will be listed on LBank Exchange at 16...
June 29, 9:53 am
|Multiple Crypto Exchanges Are “Secretly Insolvent,” Warns SB...|
FTX CEO Sam Bankman-Fried (SBF) recently shared his thoughts on the state of the crypto market, its trajectory, and the platforms and companies within it. He claimed that there are still many remaining 'third-tier' crypto exchanges that are insolvent but yet to be exposed.
More Instability to Come?
During an interview published by Forbes on Tuesday...
June 29, 3:44 am
|Bankman-Fried Is Looking At “Secretly insolvent” Small Excha...|
It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretly insolvent exchanges puts it best, “Like J.P. Morgan during the stock market panic and crash of 1907, Bankman-Fried is taking advan...
June 27, 8:21 pm
|Crypto Exchange FTX is Exploring a Robinhood Buyout: Sources|
Sam Bankman-Fried (SBF)’s crypto exchange FTX is examining pathways by which it can acquire Robinhood, according to people with knowledge of the matter.
As reported by Bloomberg on Monday, FTX is having internal deliberations on how it can buy out the brokerage app.
The source of the information chose to remain anonymous, as this matter is n...
June 27, 1:41 pm
|Bitcoin Sitting on Exchanges Drops to 3-Year Low|
With bitcoin losing nearly half its value at one point a week ago and marking an 18-month low, the asset's situation seemed gloomy at best. However, there are some positive signs as investors have been continuously withdrawing their BTC holdings from exchanges.
BTC on Exchanges Sees 3-Year Lows
A lot has been said about what transpired in the crypt...
June 27, 3:29 am
|Crypto Exchanges Suffer in India, But The RBI Doesn't Give Up On T...|
In India, the downturn in the crypto market and the government's overly restrictive control over the industry have caused many exchanges to suffer, not only because of a decline in adoption but from regulatory uncertainty.
Meanwhile, the 'anti-crypto' Reserve Bank of India (RBI) continues to work on its pilot project to introduce blockchain technol...
June 26, 7:15 pm
|CoinFLEX Becomes the Latest Crypto Exchange to Halt Withdrawals|
Futures cryptocurrency exchange CoinFLEX has paused all withdrawals on the platform as a result of the current extreme market conditions and issues involving a counterparty.
3AC Not the Cause of CoinFLEX's Suspension
CoinFLEX CEO Mark Lamb announced the news in a blog post on Thursday (June 23, 2022), which reads:
'Due to extreme market conditions...
June 24, 11:30 pm
|Singapore Based Crypto Exchange Bybit Expands to Argentina|
Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinia...
June 24, 9:30 pm
|Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions|
Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past - shutting down accounts and requiring KYC controls that some users deemed excessive - declares that the exit from Venezuela has to do with the 'complex...
June 24, 2:00 pm
|Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product|
On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new 'nano bitcoin futures' product will be listed under the ticker 'BIT.' Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC)....