Category: Exchanges

Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report

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Hong Kong’s Securities and Futures Commission (SFC) reportedly says that nearly a dozen crypto exchanges are on the cusp of getting their trading licenses approved. The SFC’s website showed on June 1st that the 11 applicants, including the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” according to a Bloomberg report. Hong Kong introduced new digital asset exchange regulations last year and set a June 1st deadline for crypto exchanges to obtain a virtual asset trading platform license or get the “deemed to be licensed” status.…

Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer

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Monex USA, a specialist in global payment, corporate FX, and currency risk hedging services, has announced plans to integrate with Payments Exchange from Fiserv, a global provider of payments and financial technology. Integration for Wire Transfers This collaboration will enable financial institutions using Payments Exchange to directly engage with Monex USA as their foreign exchange partner for international wire transfers. “Monex USA’s integration with Payments Exchange will expand financial institutions’ service offerings for their clients,” said Mike Rockouski, Managing Director of Financial Institutions at Monex USA. “This integration underscores our…

$3,000,000,000 in Ethereum Has Left Crypto Exchanges Since SEC Approved Listing of ETH ETFs, Says Analyst

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An on-chain analyst and trader says crypto exchanges have been witnessing massive Ethereum outflows since the listing approval of spot ETH exchange-traded funds. Ali Martinez tells his 63,500 followers on the social media platform X that market participants have taken out 777,000 ETH worth $3 billion from crypto exchanges since the U.S. Securities and Exchange Commission (SEC) green-lighted spot ETH ETFs last month. Source: Ali Martinez/X At time of writing, Ethereum is trading at $3,776, a fractional decrease in the past day. Turning to fellow layer-1 protocol Toncoin (TON), the…

562,000,000 People Across the Globe Now Own Cryptocurrency, According to New Study

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Roughly 6.8% of the global population now holds crypto assets, according to digital currency payment company Triple-A. In a new report, Triple A says the number of people who own cryptocurrency is now 562 million, up by about 34% from 420 million in 2023. Of the countries worldwide, the United Arab Emirates has the highest cryptocurrency ownership rate at 25.3%, followed by Singapore at 24.4%.  Other leading countries include Turkey (19.3%), Argentina (18.9%), Thailand (17.6%), Brazil (17.4%), Vietnam (17.4%), United States (15.5%), Saudi Arabia (15.0%), Malaysia (14.3%) and Hong Kong…

OKX Extends to Netherlands Offering Crypto Wallet and Exchange

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OKX, a global cryptocurrency exchange platform, has announced the launch of its services in the Netherlands. Dutch customers now have access to spot trading, including buying and selling cryptocurrencies, along with conversion services for over 150 digital assets, including more than 60 crypto-Euro pairs. Additionally, the OKX Wallet is available to Dutch customers, providing a gateway to the Web3 world and allowing them to have full custody of their crypto assets. Instant Euro Transactions Integration with iDEAL, the online payment system in the Netherlands, enables customers to withdraw and deposit…

Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses

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The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […] Source

Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams

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Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693 […] Source

Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute

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The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that Bittrex had complied with legal requirements and upheld […] Source

Japanese Crypto Exchange DMM Bitcoin Hacked for More Than $300,000,000 Worth of BTC

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The Japanese crypto exchange DMM Bitcoin announced on Friday that it had been hacked for more than $300 million worth of BTC. The exchange said it lost 4502.9 BTC ($305 million) in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.” DMM Bitcoin announced the hack on Friday morning and promised it would replace customers’ stolen Bitcoin, though the exchange’s website appeared to be down by Friday evening. The blockchain security firm Beosin says the stolen funds have been distributed to 10 addresses so far and were…

Major cryptocurrency shift due to SEC Ethereum ETF ruling: VanEck CEO

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VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck told CNBC’s “ETF Edge” this week.  VanEck was the first to apply to the SEC for permission to list its proposed Ethereum ETF. With that first hurdle cleared, VanEck can begin the process of bringing…