Judge Lewis Kaplan of the United States District Court issued an unusually lenient ruling. Wang had already entered a guilty plea for his part in the FTX bankruptcy proceedings. The trading platforms fraud case against Gary Wang, a former senior executive of the now-defunct FTX exchange, will not result in a prison sentence. Judge Lewis…
Coinbase tops Apple’s iOS finance category with a record $12 billion in trading volume. Coinbase introduces the COIN50 Index and perpetual futures, enhancing investment options for institutional and retail investors. Coinbase’s climb to the top of Apple’s iOS App Store finance category is a big achievement for the crypto exchange. Reflecting a spike in user…
South Korea investigates Upbit for suspected large-scale KYC violations involving 500,000 to 600,000 unrecognizable documents. Regulatory scrutiny could impact Upbit’s license renewal and highlight ties with K-Bank under anti-monopoly investigation. Upbit, South Korea’s largest crypto exchange, is under investigation by the authorities over allegations of large-scale violations of Know Your Customer (KYC) requirements, according to…
The Special Cell of the Delhi Police managed to capture SK Masud Alam, a resident of West Bengal. The chargesheet states that Alam had an account on WazirX made under the name Souvik Mondal. The arrest of SK Masud Alam, a resident of West Bengal, by the Delhi Police in relation to the ₹2,000 crore…
According to statistics provided by DeFiLlama, Binance, which is the leading blockchain ecosystem in the world and the biggest cryptocurrency exchange in terms of trading volume and users, has achieved two consecutive billion-dollar inflow weeks. This brings the total amount of net inflows for the month of November to more than $5 billion dollars. This number is…
Exchange News WazirX has declared the launch of a “Recovery Token” to pay off its platform creditors. The amount that each creditor has in their account will determine how it is airdropped to them. After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to…
Crypto.com said today that it would provide qualified users with access to banking services via partner banks, as well as credit card and equity services through the Crypto.com family of enterprises, all backed by its most substantial benefits package to date, Level Up. With a progressive benefit structure, Level Up will offer consumers the most…
Binance Charity, the philanthropic arm of the global blockchain firm Binance, is leading the donation of $3M to the Spanish Red Cross (Cruz Roja Española) in order to provide assistance to relief operations in the region. This contribution is in response to the disastrous floods that occurred in the Valencia province of Spain. In order to provide aid and support…
Gemini multisig wallet withdrew over $114M in various altcoins, sparking speculation on institutional activity. High-value altcoin withdrawals from Gemini raise questions on possible internal moves or client requests. The Gemini multisig custodial wallet, identified by the address 0xc96, has received a lot of attention due to large altcoin withdrawals. Data from SpotOnChain shows that this…
A recent report by Binance Research ‘Understanding the Rise of Memecoins’ explores how economic and cultural changes have fueled the meteoric rise of memecoins as a distinct asset class within cryptocurrencies. The macroeconomic environment, including inflation and growing financial disenchantment, especially among Millennials and Gen Z, is examined first. In this setting, memecoins—which promote the values of…
The U.S. seeks to recover $13.25 million in political donations made by former FTX executives amid ongoing legal scrutiny. Federal Judge Kaplan extends the deadline to January 2025 for negotiations on returning donations tied to FTX’s former leadership. The U.S. government is stepping up its efforts to recover $13.25 million in political donations made by…
M2 swiftly restored services and reimbursed users after a $13.7M security breach, showcasing strong user-centric management. The incident highlighted the importance of robust security measures in the crypto industry and M2’s proactive response. On October 31, 2024, crypto exchange M2 experienced a massive security breach, resulting in a loss of $13.7 million. This happened at…
The second-biggest cryptocurrency exchange in the world based on trading volume, Bybit, is pleased to announce the debut of its fully localized platform (bybit.kz) for the Kazakhstan market. Bybit is prepared to provide Kazakhstan users with a customized, secure, and easy trading experience at bybit.kz after receiving complete license from the Astana Financial Services Authority (AFSA). Tailored Trading for…
A solution that smoothly combines many AWS services is at the center of this optimization endeavor. Simplifying user KYC procedures and using generative AI to automatically resolve customer complaints are the two main goals. Impressive results have already been obtained from the deployment of a GenAI-powered KYC process solution. Today, Binance, the world’s leading blockchain…
During Binance Blockchain Week, Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange by trading volume, announced today that Jeff Li has been appointed as its new Vice President of Product. Jeff will be concentrating on growing and improving Binance’s product line to make sure it stays at the forefront of creating the…
Binance Wealth, the first crypto exchange technological solution for wealth managers, was unveiled today by Binance, the global blockchain ecosystem that more than 230 million people globally trust. Similar to conventional wealth management, Binance Wealth gives wealth managers the ability to supervise their clients’ onboarding and provide investment recommendations. This way, customers may get robust assistance both…
FTX secured a $228 million settlement with Bybit, recovering $175 million and selling BIT tokens to Mirana for $53 million. Former Alameda CEO Caroline Ellison agreed to hand over assets, including $30 million in bonuses, to FTX debtors. Reaching a $228 million deal with Bybit, FTX has made a major milestone in its continuous bankruptcy…
The estate had first sued the exchange in 2023, attempting to recoup monies. The court still has to accept the settlement accord before the settlement deal can go through. In a legal filing made public on October 24th, the FTX bankruptcy estate announced a $228 million settlement with the Bybit exchange. The estate had first…
Coinbase partners with the Golden State Warriors, boosting fan engagement with crypto giveaways and interactive game-day events. Coinbase achieved the first AI-to-AI crypto transaction using USDC on its Base network, unlocking decentralized automation. Coinbase has taken another significant step toward growing its position in the sports business, partnering with the NBA’s Golden State Warriors. Previously…
The license grants Bitstamp the ability to provide crypto derivatives products. American fintech company Robinhood paid $200 million to purchase Bitstamp. After reviewing Bitstamp’s application, the Securities Market Agency in Slovenia granted the company a Multilateral Trading Facility (MTF) license. With this authorization, the exchange may provide its retail and institutional customers with more advanced…
As per a recent Binance Research report, Spot Bitcoin (“BTC”) Exchange-traded funds (“ETFs”) have amassed more than 938.7K BTC (~US$63.3B), which, when combined with other funds of a similar kind, represents 5.2% of the entire supply of Bitcoin. The report further mentions that these ETFs are removing an average of almost 1.1K BTC each day,…
Binance, the global blockchain ecosystem that is behind the world’s biggest crypto exchange in terms of trading volume and users, made an announcement today about the revamp of Binance Connect. The purpose of this overhaul is to deliver an innovative solution that is designed for Web3 projects and facilitates efficient transfers from fiat to cryptocurrency. It provides businesses with a…
The current state of cryptocurrency, macro events, and trading indications from spot trade activity as well as futures, options, and perpetual contracts are all covered in our weekly crypto derivatives analytics report. Despite an overall decreasing trend in implied volatility, at-the-money implied volatility for 14-day tenor options has increased with only two weeks to go before…
The Pantera-backed cryptocurrency exchange VALR is pleased to announce the launch of VALR’s Futures Trade Arena, a competitive trading platform where traders may compete for weekly and monthly rewards determined by their performance in terms of ROI and PnL. By rewarding performance rather than merely transaction size, this new program, which will be in effect from…
RWA blockchain Lumia has announced that major cryptocurrency exchange Binance is launching an Earn campaign for LUMIA holders. Through staking on Binance, the endeavor will allow holders of the new LUMIA token to get extra rewards. On October 24 at 9:00 (UTC), the Binance Simple Earn program for LUMIA holders will go live. Holders will earn…
WazirX denies fund misuse, attributes delays to ongoing custodian onboarding. Security breach led to $230M loss, sparking investigations and liabilities. Indian cryptocurrency exchange, WazirX, is back in the spotlight following accusations from CoinSwitch’s co-founder, Ashish Singhal, regarding the transfer of over $73 million in cryptocurrency to exchanges like Bybit and KuCoin. Singhal expressed concerns about…
In order to engage the community with entertaining challenges, rewarding experiences, and informative information, Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange in the world by trading volume and users, began the Halloween campaign today. Participants in the Binance Halloween Pumpkin Chase are invited to go on a scary journey throughout Binance…
As blockchain-backed digital assets that are anchored to fiat currencies or other assets, stablecoins have become more popular in the global financial scene. These digital currencies promise to transform international finance by providing stable, transparent, and effective cross-border transactions. But because of their quick expansion, regulatory agencies all over the globe are now creating frameworks that…
The new company, along with the firm’s intentions to relocate, are set to start in November. Retail traders will be the primary target of the new derivatives exchange. Launching a crypto derivatives exchange to compete with Binance and other competitors is a possible next step for OpenAI-backed crypto company Arkham Intelligence. The new company, along…
Bitget’s updated listing standards focus on evaluating FDV, tokenomics, and team background to enhance security and reduce scam risks. Bitget integrates OmniConnect to transform Telegram into a Web3 platform, enabling interaction with 500 blockchain networks. One of the main players in the crypto market, Bitget Exchange, has released its revised token listing criteria. This action…
A crypto exchange lets you buy, sell, and trade cryptocurrencies. This guide breaks down how these platforms work and what you should consider when choosing the best cryptocurrency exchange. Whether you’re just starting or have been trading for years, you’ll find the best crypto exchanges to fit your needs here. Key Takeaways Cryptocurrency exchanges are…
Binance, the global blockchain ecosystem trusted by more than 230 million users globally, is excited to announce the launch of Binance Traders League. With Binance committing to the largest rolling prize pool of over $10 million in incentives, Traders League will become the premier event for the cryptocurrency trading community. Retail traders may also participate…
HKVAX joins two other Hong Kong exchanges that have recently received full authorization. The exchange excels at tokenizing real-world assets (RWAs) and security token offerings. The Securities and Futures Commission (SFC) of the Special Administrative Region has granted licenses to three cryptocurrency exchanges, among them is the Hong Kong Virtual Asset Exchange (HKVAX), allowing it…
Market performance in the future is highly dependent on central bank policy actions and forthcoming economic data. In September 2024, the value of all on-chain Real-World Assets (RWAs) surpassed $12 billion. The total market cap of the cryptocurrency market increased by 8.0% in September 2024, propelled by positive global macroeconomic trends as per the latest report by…
According to a report released by digital asset data provider CCData on Oct. 3, Binance’s market dominance has declined significantly. Its spot market share has fallen to 27%, the lowest level since January 2021, according to the report. It stated that in September, Binance’s spot trading volume dropped by 22.9% to $344 billion, marking the…
Monthly spot volume hit a low of $344 billion, down 22.9% from the previous month. Binance continues to dominate the global spot trading in terms of volume, even if activity has dropped. September saw a precipitous drop in trading volume on crypto exchange Binance. A CCData analysis states that derivative trading volume on Binance hit…
After Coinbase and HashKey Global reach the island, Kraken follows suit. Kraken’s legal name, Payward Digital Solutions, was granted a Class F Digital Business License. In order to facilitate derivatives trading, crypto exchange Kraken has established a trading platform in Bermuda. The BMA has granted Kraken the necessary license. An increasing number of people are…
The report provides a thorough view of the present market dynamics. Stakeholders from all facets of the ecosystem must work together to promote transparency. A Binance research October report explores issues related to fund transparency, centralization concerns, valuation, and the tactical use of rebranding as it digs into important market insights in the crypto space. It provides…
Native cryptocurrency traders now have the opportunity to use advanced cross-asset trading methods. Bybit customers now have access to international markets, including important benchmarks in China and Hong Kong. With the addition of indices trading, Bybit—the second-largest cryptocurrency exchange globally based on trade volume—has enhanced its MetaTrader 5 (MT5) platform even further. Bybit customers now…
On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin. Users will not be able to trade using any of Coinbase’s platforms. Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will…
The exchange has reached their 20th regulatory milestone internationally. The registration with the CNV is a direct outcome of their ongoing dedication to compliance. Crypto exchange Binance has expanded to Argentina with a successful registration. The announcement that the exchange had obtained a complete license in Kazakhstan to provide crypto services to Kazakh residents came…
Bithumb aims for a Nasdaq listing in 2025, shifting from its earlier Kosdaq plans. Binance Labs invests in OpenEden, boosting the integration of real-world assets into DeFi. Bithumb, South Korea’s second-largest crypto exchange, has made headlines for its decision to seek a public listing on Nasdaq in the United States. During an extraordinary shareholders’ meeting,…
Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest in our teams and systems to protect our users,” Binance claimed. Binance…
The Orion (ORN) mainnet swap and rebranding to Lumia (LUMIA) will be supported by Binance. Moreover, Binance will delist all current ORN spot trading pairs (i.e., ORN/BTC and ORN/USDT) and cancel all outstanding ORN spot trading orders on October 15, 2024, at 03:00 (UTC). Binance will begin trading for the LUMIA/USDT trading pair at 09:00 (UTC)…
These repayments are part of the long aftermath of the scandalous collapse of FTX. This impending infusion of capital will trigger the greatest bull run in the industry’s history. The reimbursements procedure for the insolvent derivatives exchange FTX, which is one of the most eagerly awaited, starts next week, which might be a pivotal moment…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 As the crypto world scores big these days with altcoins displaying major reversals, Ripple (XRP) is under considerable scrutiny before the upcoming deadline of the SEC appeal. This keeps investors on the edge of their chairs for a break in the bull-bear stalemate. Similarly, Chainlink is also ready to…
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the…
Efforts to improve Bybit’s worldwide compliance have made great progress. Over 130 million wallet addresses over 30+ chains have been integrated by the platform’s Web3 team. Bybit has solidified its place as the chosen platform for millions of crypto enthusiasts and traders globally, and the latest astounding feat shows its fast expansion. As its registered user…
Binance, the leading global blockchain ecosystem that powers the world’s largest crypto exchange by trading volume, has launched Binance Pre-Market today. Select Binance Launchpool token subscriptions will be made available for pre-market trading on Binance Pre-Market, increasing trading prospects on Binance for all users and providing Launchpool participants with more utility. By enabling users to take an…
Exchange News Catizen ($CATI) has successfully been listed on Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. The listing went live today at 10 AM Dubai time. Bybit’s remarkable dependability and leadership in the digital asset space are further shown by the fact that it is the first exchange to successfully distribute…