Category: Exchanges

OKX launches crypto exchange, wallet services in Brazil

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Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform.  On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp capabilities. Guilherme Sacamone, the general manager of OKX Brazil, said the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi. “We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution,…

Crypto exchange HTX reinstates Bitcoin services after $30M hack

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Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT). In a later post on X (Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.” The majority of the work has been accomplished,…

The Choice You Will Eventually Face With Cryptocurrency

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This week, Binance kingpin CZ capitulated to US authorities. He and his exchange, Binance, will pay over $4 billion to the US government for facilitating money laundering and sanctions evasion. CZ may go to jail. Binance will continue operating under the US government’s watch. No collapse. No implosion. All funds are SAFU! Time will tell what this means for crypto prices. One step closer to Wall Street’s dream scenario: “safe, regulated” crypto that they can sell to mainstream investors (for a small fee). For us, we know better than to…

NFT Marketplace Altcoin Blur Leaps After Listing on Top Crypto Exchange by Trading Volume Binance

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A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons. According to Binance, BLUR will at first be available in the BLUR/BTC, BLUR/USDT and BLUR/TRY trading pairs. The announcement caused BLUR’s price to skyrocket, as the digital asset went from a seven-day low of $0.303 on November 20th to a…

Dutch exchange Bitvavo cleared to operate in France

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Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF). The expansion into France comes just weeks after Bitvavo secured regulatory approval to offer its services in Austria. The exchange expanded its offering to Italy in 2022 and has filed registration applications for other major European markets.  “Securing registration with the French AMF marks a pivotal moment for us. We are excited about bringing our consumer-focused offering to the French market,”…

‘Strap yourselves in’ — Bull market coming early 2024, say crypto exchange heads

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The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward which is expected to accelerate early next year, say the heads of Australia’s largest crypto exchanges. Independent Reserve CEO Adrian Przelozny told Cointelegraph he expects market activity to see an uptick in early 2024 and is hiring to build infrastructure before that happens. “We’re just doing everything we can to get ready for a bull market because we know that when the bull market comes, it happens very fast,”…

Bankrupt Crypto Exchange FTX Transfers $36,000,000 Worth of Altcoins to Exchanges: On-Chain Data

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On-chain data indicates that bankrupt crypto exchange FTX suddenly moved $36 million worth of altcoins to leading exchanges. According to on-chain analytics firm Lookonchain, FTX transferred massive amounts of Polygon (MATIC) and Avalanche (AVAX) to top crypto exchanges Coinbase and Binance. “In the past 24 hours, FTX transferred a total of ~$36 million in assets to exchanges. Deposited 12.6 million MATIC ($9.4 million) to Coinbase. Deposited 10 million MATIC ($7.45 million) to Binance via FalconX. Deposited 975,859 AVAX ($19.25 million) to Binance via FalconX.” Polygon is trading for $0.78 at…

New Binance CEO Richard Teng Says Exchange’s Fundamentals Are ‘Very Strong’ – Here’s What He Means

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The new Binance chief executive maintains that the embattled exchange’s business fundamentals remain “very strong” despite recent regulatory headwinds. Richard Teng, who previously worked as Binance’s head of regional markets, was promoted to the CEO position earlier this week after the company’s previous chief executive, Changpeng Zhao, resigned. Zhao stepped down after agreeing to plead guilty to violating US federal law that requires financial institutions to guard against money laundering and terrorist financing. The U.S. Department of Justice also slapped Binance with $4.3 billion worth of penalties and forfeiture after…

Is the Future of US Crypto Exchanges in Jeopardy? Binance Folds, but Kraken Holds Ground

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It appears that once again, the Securities and Exchange Commission in the US has a major crypto exchange in its sights, as it has filed a lawsuit charging Kraken, the 10th biggest centralized crypto exchange by spot trading volume, with operating as an unregistered securities broker, dealer, exchange and clearing agency, and with commingling customer assets with its own corporate assets. Chart From CoinGecko 2023 Q3 Crypto Industry Report The SEC’s complaint makes mention of the Howey Test for determining whether assets are investment contracts and can be regarded as…

Crypto Exchange Bittrex Global Announces Plans To Cease Operations and Wind Down Trading

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Embattled crypto exchange Bittrex Global has decided to wind down operations after its US-based arm filed for bankruptcy amid a slew of regulatory challenges earlier this year. The foreign exchange will disable all trading activity on December 4th. No concrete withdrawal deadline has been established, but Bittrex Global recommends customers pull out their assets as soon as possible because a “withdrawal deadline may be set by the liquidators at some point in the future.” The exchange also notes that customers cannot directly withdraw US dollar holdings and will need to…