Category: Exchanges

DMM Bitcoin Exchange Hit by $305M Hack

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Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has assured customers that it will cover the full amount lost by procuring an equivalent sum of BTC with the support of its group companies. Additionally, the exchange has implemented measures to prevent further unauthorized outflows…

Coinbase-Backed Altcoin Skyrockets Nearly 100% After Earning Listing From Korean Exchange Upbit

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South Korean crypto exchange Upbit has announced the new listing of a low-cap altcoin, triggering explosive price action. In a new announcement on May 29, Upbit says they’re listing Bounce (AUCTION), a crypto project focused on blockchain-based auction technology. The project, created by Bounce.Finance, is a decentralized auction platform that allows for the swapping of tokens in a competitive environment with a limited supply of tokens. Bounce is backed by several large players in the space, including Pantera, Coinbase Ventures and Blockchain Capital. Following the announcement from Upbit, AUCTION exploded…

Winklevoss’ crypto exchange Gemini returns $2.2 billion to users

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Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co. on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their money back. The company, which is owned by tech billionaire twins Cameron and Tyler Winklevoss, announced Wednesday that it will return $2.18 billion of their digital assets…

Ouinex Taps Netdania for Enhancing Upcoming Crypto Exchange Interface

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Ouinex, a blockchain firm led by FX industry veteran Ilies Larbi, announced today (Wednesday) its partnership with United Fintech-backed Netdania to launch a cryptocurrency trading platform. Enhancing Crypto Exchange’s Capability According to the press release shared with Finance Magnates, Netdania will provide the interface for the cryptocurrency exchange, while Ouinex will strengthen it with its backend technology. “Our partnership with Netdania reflects Ouinex’s dedication to innovating secure trading solutions in the cryptocurrency sector,” Larbi, Co-founder and CEO of Ouinex, said. “The platform will transform expectations regarding functionality and security in…

UK’s First Spot Bitcoin and Ethereum ETPs Begin Trading on the London Stock Exchange

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The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, welcoming products from WisdomTreeEU and 21Shares.” ETNs are a type of exchange-traded product (ETP) and are distinct from exchange-traded funds (ETFs) in that ETNs are debt-carrying vehicles tracking an index, and not backed by underlying…

Artdollar (AD) Is Now Available for Trading on LBank Exchange

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PRESS RELEASE. Road Town, BVI, May 28, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Artdollar (AD) on May 28, 2024. Users of LBank Exchange can brace themselves for the AD/USDT trading pair, which went live already. […] Source

Bitcoin Whales Bullishly Buy Up Cryptocurrency

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Bitcoin (BTC) whales, significant holders of the cryptocurrency, have reignited their purchasing activity after a brief pause following Bitcoin’s record high in March. According to market intelligence firm CryptoQuant, there has been a notable increase in the 30-day percentage change in whale address holdings, suggesting a renewed interest in accumulating Bitcoin at current price levels. In March, whales had boosted their BTC holdings by more than 9.8%. While their accumulation persisted into April, the growth rate slowed to 4.2% by May 1, coinciding with a significant market downturn that saw…

TradingView Unveils Options Strategy Builder Supporting Contracts from Major Exchanges

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TradingView has introduced a new platform with an options strategy builder designed to enhance the trading experience of its users. Dubbed TradingView Options, this new tool promises to transform how traders approach strategy modeling with unparalleled flexibility and depth. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex traders to operate securely and globally. Click to know more! According to the press release, TradingView Options allows users to model option spreads. On the platform, traders can select from a comprehensive handbook…