Category: Exchanges

Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Twitter

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Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter).  Called GiveawayScamHunter, the automated system discovered 95,111 scam lists between June 2022 and June 2023 that were created from 87,617 accounts on the X social network. The researchers used the tool to autonomously extract website and wallet addresses associated with the scams. In doing so, they were able to collect 327 scam giveaway internet domains and 121 new scam-related cryptocurrency wallet addresses. Related:…

U.S. Securities and Exchanges Commission (SEC) Opens Potential Bitcoin Spot ETFs to Public Opinion

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The U.S. Securities and Exchange Commission (SEC) is opening up the potential creation of ARK Invest’s spot market Bitcoin (BTC) exchange-traded funds (ETFs) to public opinion. In a new document, the regulatory agency is asking the public to submit their “written data, views, and arguments” on a proposed rule change that would allow the Chicago Board Options Exchange (CBOE) to list and trade shares of the ARK 21 Shares Bitcoin ETF. “The Commission is instituting proceedings pursuant to Section 19(b)(2)(B) of the Act97 to determine whether the proposed rule change,…

Hong Kong Securities Watchdog Grants Preliminary Nod to HKVAX for Virtual Asset Exchange Operations

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The Securities and Futures Commission (SFC) of Hong Kong has issued an in-principle approval to the Hong Kong Virtual Asset Exchange (HKVAX) to establish and operate a virtual asset trading platform in accordance with the securities laws of the region, media reports said. On August 11th, HKVAX made an announcement confirming that it had received an “approval-in-principle” from the SFC, allowing the exchange to conduct regulated activities falling under Type 1 and Type 7 classifications. A Type 1 license authorizes the platform to operate a digital asset trading platform catering…

Top Crypto Exchange Binance Sinks $5,000,000 Into Curve (CRV) Following Massive Hack on the DeFi Platform

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The venture capital arm of crypto exchange Binance just announced that it is putting money into the native token of the decentralized finance (DeFi) platform Curve. In a statement, Binance Labs says that its $5 million investment in the Curve DAO Token (CRV) signifies its commitment to join forces with the largest stableswap and second-largest decentralized exchange (DEX). The announcement comes as the price of CRV dipped following a massive hack on the platform in late July. Says Binance Labs head Yi He, “Given the recent events that have impacted…

Bittrex Settles with SEC for $24 Million After Unregistered Exchange Charges

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Bankrupt cryptocurrency exchange Bittrex, along with its CEO, has reached a settlement with the Securities and Exchange Commission (SEC) for a sum of $24 million. This resolution comes after the SEC charged the exchange in April for its operation as an unregistered exchange, media reports said. Bittrex, its foreign affiliate, and former CEO William Shihara neither admitted nor denied the allegations. Bittrex’s foreign affiliate, known as Bittrex Global GmbH, has agreed to settle charges regarding its failure to register as a national securities exchange, according to an official statement by…

19% of New Yorkers own cryptocurrency: Coinbase report

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A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption.  Within the report, Coinbase noted that 19% of New York residents who participated in the study own cryptocurrencies. Additionally, one in three New Yorkers agreed that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.“ Bitcoin ATMs in Manhattan, New York City. Source: CoinATMRadar The Coinbase report…

Decentralized Exchange Uniswap (UNI) Now Operating on Coinbase-Backed Layer-2 Base

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Leading decentralized exchange (DEX) Uniswap has been deployed on Base, the new Ethereum layer-2 built by US crypto giant Coinbase. Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet first launched in February of this year. Announcing the launch of Base support on X, Uniswap Labs says that users can now execute swaps or add liquidity directly on the Base chain from the Uniswap web app. “Rumor has it that Base needs a DEX. We’re excited to announce that Base is now live on the Uniswap web…

Binance Receives 2 Licenses to Become First Fully Licensed Crypto Exchange in El Salvador

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Binance has received two licenses in El Salvador — Bitcoin Services Provider (BSP) license from the Central Reserve Bank of El Salvador and the pioneering non-provisional Digital Assets Services Provider (DASP) license from the National Digital Assets Commission of El Salvador. Now it has become a “first fully licensed” cryptocurrency exchange to operate in this Central American nation, media reports said. These licenses grant Binance the authority to introduce customized products and services tailored to the preferences of the local people. While Binance had been previously serving in El Salvador,…

Bitstamp crypto exchange to raise funds for global expansion: Report

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Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations. Crypto exchange Bitstamp started the fundraising process in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser, Bloomberg reported on Aug. 7. The firm plans to use the raised capital to launch derivatives trading in Europe in 2024 and expand several of its served markets in Asia. Bitstamp is also looking to scale its services in the United Kingdom, the report notes.…

Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

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The Securities and Futures Commission (SFC) of Hong Kong issued a notice about unlicensed virtual asset trading platforms “engaging in improper practices,” warning of potential criminal charges. In an Aug. 7 notice, the SFC said certain trading firms had falsely claimed to have submitted applications for licenses in Hong Kong. The securities regulator said should the companies actually apply to operate legally in the special administrative region, it would consider any false statements as well as possible criminal charges. Aug. 7 notice from Hong Kong’s Securities and Futures Commission. Source: Securities…