Category: Exchanges

Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows – Exchanges Bitcoin News

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Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto Transfers Identified in a Study Sent to Largest Exchange More than $40 million was sent last year from wallets that were used to sponsor the Russian invasion of Ukraine to cryptocurrency exchanges, according to an…

Crypto Exchange Bybit Partners With Innovation Growth Hub to Launch Blockchain Education Program – Bitcoin News

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Bybit has said it is inviting African youths that wish to attend a blockchain education training program to submit their applications. The training and educational program is expected to help the participating individuals learn the fundamentals of blockchain technology. Understanding the Blockchain Bybit, one of the world’s leading global crypto exchanges, has partnered with Innovation Growth Hub to launch a blockchain education and training program targeting African youths. The training program is expected to help young people learn and understand the fundamentals of blockchain, as well as how this creates…

Aquis Exchange Ends FY22 with 24% Revenue Rise

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Aquis Exchange (LON: AQX) reported net revenue of £20.1 million in the fiscal year 2022, which is a yearly jump of 24 percent, in its latest audited results published on Thursday. It closed the year with a 27 percent jump in pre-tax profits at £4.5 million. According to the official numbers, the 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…

Bitcoin-Inpired Altcoin Rallies 107% in a Week As Project Gets Listed on Two Crypto Exchanges

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An altcoin inspired by Bitcoin (BTC) is surging after being listed on two crypto exchange platforms in a week. Kaspa (KAS) has more than doubled in price since last week after being listed on crypto exchanges Hotbit and BYDFi. News of the listings sent the crypto asset flying as it went from a seven-day low of $0.0158 to $0.0344, a 107% increase. The digital asset has since stabilized and is trading for $0.0342 at time of writing. Kaspa uses BlockDAG, which is its version of the GhostDAG/PHANTOM protocol, and aims…

Crypto Exchange Beaxy Shuts Down in Wake of SEC Lawsuit

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Cryptocurrency exchange, Beaxy, has shut down its operations after over three of launching into the market. The exchange ceased its operations in the wake of a lawsuit from the United States Securities and Exchange (SEC) which charged the platform and its executions for operating an unregistered exchange, brokerage and clearing agency. In a statement published on its website on Tuesday, Beaxy said it was immediately suspending its services on the Beaxy Changes “due to the uncertain regulatory environment surrounding our business.” Beaxy launched its crypto trading services in June 2019…

Beaxy exchange shutters after SEC presses multiple charges against founder, execs

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Beaxy suspended operations on March 28 “due to the uncertain regulatory environment surrounding our business,” according to the cryptocurrency exchange’s blog. The suspension came a day before the United States Securities and Exchange Commission (SEC) announced it was charging Beaxy and its executives with failing to register as a national securities exchange, broker and clearing agency.  The SEC also said it was charging Beaxy founder Artak Hamazaspyan and Beaxy Digital, a company he controls, with raising $8 million through an unregistered offering of the Beaxy token (BXY) and misappropriation by…

Crypto Exchange Beaxy Shut Down After SEC Lawsuit

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Windy Inc. took over the platform in 2019 after the founder misappropriated money, according to the SEC, and managers Nicholas Murphy and Randolph Bay Abbott maintained Beaxy for trading crypto assets “that were offered and sold as securities,” the SEC said. So the agency is also accusing them of violating securities law by operating an unregistered exchange, broker and clearing agency, though the platform was described as defunct in another SEC case last year. Source