Category: Exchanges

Chainalysis and Calgary police launch cryptocurrency investigation center

boss

A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12.  In a blog post announcing the partnership, Chainalysis co-founder and chief strategy officer Jonathan Levin remarked that “this demonstration of public-private partnership to solve novel issues in financial services is a model that the rest of the world can learn from.” Together with @CalgaryPolice, today we’re launching the Western Canada Cryptocurrency Investigations Centre, a partnership that will enable law…

FTX has recovered $7.3B in assets, will consider rebooting exchange

boss

Cryptocurrency exchange FTX may be considering restarting in the future, according to the legal team behind the debtors. In an April 12 hearing in United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 billion in assets. A March filing from the debtors reported the four FTX company silos had roughly $4.8 billion in scheduled assets as of November 2022, with an investigation into the assets ongoing. According to the legal team, FTX will also consider…

ApeCoin surges 1,950% on South Korean crypto exchange Upbit

boss

On April 12, Yuga Labs’ ERC-20 token ApeCoin (APE) briefly surged to $90.00 from around $4.20 apiece on the South Korean cryptocurrency exchange Upbit before most gains were wiped out in a sharp sell-off. However, the token is still trading at $10.90 apiece at the time of publication, representing a significant premium of around $4.50 compared to other exchanges.  ApeCoin’s spectacular rally on Upbit Currently, the only APE trading pair listed on Upbit is BTC/APE; it represents only a tiny portion of the coin’s trading volume, with around 4 million…

Polygon (MATIC) Supply on Crypto Exchanges at Lowest Level in Four Years: Analytics Firm Santiment

boss

Blockchain scaling solution Polygon (MATIC) is currently witnessing its lowest levels of supply on exchanges in four years, according to the crypto analytics firm Santiment. Santiment notes in a new analysis that only 7.1% of MATIC’s supply is currently sitting on exchanges, the lowest level since the crypto asset’s introduction in 2019. The firm says the low exchange supply “does imply limited continued selloff opportunities that should put investors somewhat at ease.” Source: Santiment MATIC is trading at $1.12 at time of writing. The 10th-ranked crypto asset by market cap…

Cryptocurrency Market Tumbles as Bitcoin Falls Below Key $30K Mark

boss

Bitcoin and other cryptocurrencies faced a decline in the last 24 hours, with Bitcoin falling under $30,000, leading to an overall market capitalization decline of 1.2%. Ethereum saw the largest drop among largest tokens, trading just over $1,860. Liquid staking tokens were also affected, with Lido’s IDO governance tokens and Rocket Pool’s RPL dropping 10% and 8%, respectively, media reports said. The decline in prices was likely due to traders taking profits ahead of two significant events that are set to happen on Wednesday: The U.S. Consumer Price Index (CPI)…

Gate.io Crypto Exchange Confirms its SFC Application

boss

Gate Group, the owner of the Gate.io crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that…

Winklevoss Twins Loaned $100M to Their Crypto Exchange Gemini

boss

Tyler and Cameron Winklevoss loaned $100 million to Gemini Trust Co. when their crypto exchange facing setbacks from the broader market conditions, Bloomberg reported citing ‘two [unnamed] people familiar with the matter.’ The billionaire Winklevoss twins reached out to their pockets as Gemini failed to raise funds from outside investors. The exchange reportedly informally approached outside investors in recent months but could not seal an agreement. The crypto exchange, now planning for global expansion, will utilize the fresh loan proceeds for operations. Earlier, a media report revealed that Gemini is…

MetaMask launches new fiat purchase function for cryptocurrency

boss

Cryptocurrency wallet and decentralized application (Dapp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The move is intended to provide users with an easier way to purchase crypto with fiat currency. We foxes at MetaMask are excited to announce that our Buy Crypto feature now also resides in our Portfolio Dapp, providing a simple and smooth purchasing journey https://t.co/sEcCnQhbRB pic.twitter.com/UvaG2wMSpy — MetaMask (@MetaMask) April 10, 2023 The new “Buy Crypto” feature enables MetaMask…

$13,000,000 Vanishes After Korean Crypto Exchange GDAC Hacked

boss

South Korean cryptocurrency exchange GDAC has reported that hackers have stolen almost $13 million on Sunday, April 9. According to a GDAC support page, the hackers transferred approximately 23% of GDAC’s total custodial assets from the exchange’s hot wallet to an unidentified wallet, which included nearly $13,000,000 in Bitcoin (BTC), Ethereum (ETH), Wemix (WEMIX), and Tether (USDT). GDAC is currently working with several institutions to recover the funds and has notified authorities about the incident. The exchange has also suspended its wallet system and related servers and reported the event to…

Top Philippine Exchange Coins.ph Suspends XRP Withdrawals Due to Technical Issues

boss

Leading Philippines based crypto exchange company Coins.ph has announced that it is temporarily halting XRP withdrawals due to technical issues.  “Hi Coinmunity! Please be informed that XRP withdrawal services are currently disabled. We are already working closely with our technical team to resolve the issue as soon as possible…” the company stated through a Twitter post.  Users appear to be concerned, as some are inquiring about their unreceived deposits and inability to work on platforms like Binance. One user warned that there’s no update on the app and it should…