Category: Exchanges

Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

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Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.” The project is a ZK rollup, one of the two main types of rollup solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. ZK rollups run computations off the chain and then…

Crypto Exchanges at Crossroads – Adapting to Market Changes

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HodlX Guest Post  Submit Your Post   Despite years of development, the cryptocurrency market remains the Wild West of finance – an unpredictable arena where fortunes can be made or lost in the blink of an eye. And seeing as a great portion of the activities with digital assets take place on crypto exchanges, they are often at the center of this turbulent landscape. While crypto exchanges have played a crucial role in the market’s growth, there is much uncertainty about their future. As the market matures and attracts more and…

Trustpilot Flags “Fake” Binance Reviews: Disables Crypto Exchange’s TrustScore

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Trustpilot, a platform where real users provide reviews, has disabled the ‘TrustScore’ of crypto exchange Binance, alleging the detection of “a number of fake reviews for this company.” The review platform has already removed the fake reviews. “If additional suspicious reviews are discovered on this profile, we’ll remove those too. If you believe a review is fake, you can flag it,” a banner on the verified page of Binance on Trustpilot stated. “We take the integrity of our platform very seriously and wanted to let you know this company hasn’t…

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

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South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […] Source

Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

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An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…” Source: PeckShield/X The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets. Blockchain tracking firm…

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

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The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset […] Source

Former Mt. Gox CEO Rolls Out New Crypto Exchange EllipX in Poland

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Mark Karpeles, the former CEO of Mt. Gox, is set to launch a new cryptocurrency exchange called EllipX this month. Based in Poland, the platform will initially serve European users, with plans for global expansion. The exchange will focus on cryptocurrency trading at launch, with the possibility of adding banking and fiat currency services in the future. Targeting MiCA Compliance EllipX will aim to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. Karpeles has emphasized the importance of transparency, promising regular third-party audits of the platform. In an interview…

Changenow Partners With Privacy Token Zano to Expand Cryptocurrency Offerings

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Changenow has announced a strategic partnership with Zano Project, integrating the $ZANO cryptocurrency into its platform. This collaboration aims to expand the variety of digital assets available for exchange on Changenow, providing users with more options for seamless and secure transactions. Changenow is a non-custodial cryptocurrency exchange known for its fast, unlimited cross-chain swaps of […] Source

Crypto Exchange Reveals Insane Plan to Pay Influencers $5 Million

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One in three retail investors is more likely to trust a financial influencer (or finfluencer) than someone from their immediate circle. It’s no wonder that the internet is full of experts offering their help in making money. Trading platforms and cryptocurrency exchanges are well aware of this, as affiliate marketing has long been an important way to acquire new customers. Now, one of them has decided to take it a step further by introducing a new model of influencer engagement. Moreover, in the first year, they want to give influencers…

Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity

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A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs. He also urged Nigeria to follow the rule of law regarding the […] Source