Category: Exchanges

Crypto Exchange JPEX Halts Trading, HK Police Arrest an Influencer

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Hong Kong police has arrested a social media influencer, Joseph Lam Chok this morning (Monday) for his involvement with the cryptocurrency trading platform, JPEX, which is facing allegations of fraud, according to the South China Morning Post. The arrest came hours after the troubled exchange confirmed the suspension of trading activities following a probe by Hong Kong’s Securities and Futures Commission (SFC). “Due to the unfair treatment by relevant institutions in Hong Kong towards JPEX, a cryptocurrency trading platform, and a series of negative news, our partnered third-party market makers…

Crypto Exchange Gemini Says Investment Giant DCG Is Using Misleading Assertions in Bankruptcy Plan

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Digital asset exchange Gemini says venture capital firm Digital Currency Group (DCG) is engaging in deceptive practices to avoid fulfilling its full obligations to the creditors of its crypto lending unit Genesis. In July, Gemini filed a lawsuit against DCG after Genesis went bankrupt while owing $735 million worth of assets to users of Gemini Earn, a program that enabled the exchange’s customers to lend their cryptocurrencies and earn interest. On September 13th, DCG  proposed an agreement offering unsecured creditors, including Gemini Earn users, to recover a significant portion of…

Tether (USDT) Movement Signals ‘Future Buy Interest’ As Bitcoin and Ethereum Supply on Exchanges Dips: Santiment

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Troves of the top stablecoin USDT are moving back onto crypto exchanges, a potentially bullish indicator, according to the crypto analytics firm Santiment. Santiment notes 24.1% of USDT’s total supply now sits on exchanges, the highest level since March. The analytics firm also notes that Bitcoin (BTC) and Ethereum’s (ETH) supply on exchanges has resumed going down, indicating traders are comfortable in HODLing the top two crypto assets. Santiment calls those two trends “a golden combination” which the firm says indicates “more future buy interest.” Source: Santiment/X Additionally, the analytics…

North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis

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A market intelligence firm says that hackers from North Korea are using Russian crypto exchanges known to launder money to move stolen digital assets. In a new blog post, crypto analytics platform Chainalysis says on-chain data reveals that hacking groups linked with North Korea are using Russian crypto exchanges to launder funds stolen from the exploitation of decentralized app project Harmony (ONE) earlier this year. “In the wake of a historic arms meeting between Kim Jung-un and Vladimir Putin, on-chain data reveals disturbing information: Democratic People’s Republic of Korea (DPRK)-linked…

Remitano Exchange Reportedly Targeted in $2.7 Million Security Breach; Tether Freezes $1.4 Million

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Crypto exchange Remitano faced a series of substantial and suspicious withdrawals on September 14, prompting some blockchain experts to suspect a possible hack. In total, approximately $2.7 million worth of cryptocurrencies were withdrawn through these dubious transactions, news reports said. Tether took swift action by freezing one of the addresses allegedly used by the attacker, safeguarding potentially $1.4 million worth of customer assets, the coverage added. Around 12:45 pm, an established Remitano hot wallet initiated transfers to an address devoid of any prior transaction history. This unusual activity involved the…

Remitano exchange allegedly hacked for $2.7M; $1.4M frozen by Tether

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Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked. A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers’ crypto. At approximately 12:45 p.m. on September 14, a known Remitano hot wallet began sending funds to an address with no prior history. Approximately $1.4 million worth of Tether (USDT), $208,000 worth of USD Coin (USDC)…

Coinbase CEO Brian Armstrong Says Crypto Exchange Will Now Support Bitcoin Lightning Network

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Coinbase CEO Brian Armstrong says the largest US-based crypto exchange is adding support for Lightning Network, a layer-2 scaling solution for Bitcoin (BTC) that aims to address scalability issues. In a statement, Armstrong says Coinbase is working to add Lightning given the significance and importance of Bitcoin in the digital asset space. “We’ve made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions. Will take some time to integrate so please be patient.” Coinbase…

Forex vs. cryptocurrency trading, explained

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Forex trading, commonly referred to as foreign currency trading, entails buying and selling other currencies to increase one’s financial gain.  Forex trading involves trading fiat currency pairings and is open 24 hours a day during weekdays — i.e., closed on weekends — with trading sessions in major financial hubs, such as London, New York, Tokyo and Sydney. The first currency in the pair is known as the “base currency,” and the second currency is referred to as the “quote currency” or the “counter currency.” For instance, the United States dollar…

Premia Blue, the Future-Proof DeFi Options Exchange, Is Now Live on Arbitrum

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September 13, 2023 – Road Town, British Virgin Islands Premia Blue, the first-of-its-kind DeFi options exchange, is now live on Arbitrum. Designed for traders and liquidity providers across all experience levels, Premia Blue offers unparalleled capital efficiency, user functionality and composability in the DeFi space. Traders are now open to fully customizable European-style crypto options with market-driven pricing and dual trading modes – AMM and Orderbook. It’s the only options platform in DeFi where products are composable no matter the preferred trading method. Premia Blue opens the world to traders…