Category: Exchanges

Kevin O’Leary Says FTX Collapse Makes Him and Other Investors in the Crypto Exchange ‘Look Like Idiots’

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Shark Tank star Kevin O’Leary says that the collapse of FTX made him and other prominent investors look ‘like idiots.’ In a new interview on CNBC Squawk Box, O’Leary says former FTX CEO Sam Bankman-Fried being an American citizen subject to US laws contributed to making the company an attractive investment for institutional investors. He also says that some of the narratives centered around Bankman-Fried, such as having parents who are compliance lawyers, kept investors from thinking anything was amiss. “I obviously know all the institutional investors in this deal.…

What is stagflation, and how could it impact the cryptocurrency markets?

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Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional markets behave during inflation or stagflation and why. Stagflation is naturally bad for traditional markets, and as cryptocurrency markets have a high correlation with general indexes, meaning that negative sentiment can trickle into cryptocurrencies which are digital assets managed with cryptographic…

Newlyweds lose funds in FTX exchange a day after their wedding

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While it’s undeniable that companies were significantly affected by the FTX debacle, retail investors like Jaime Zulueta – who recently just got married – also bore the burden of trusting a trading platform that ended up collapsing to oblivion.  Speaking to Cointelegraph, Zulueta told the story of how he and his wife dealt with the challenge of losing some of their investments right after their wedding. According to the crypto investor, he first found out about the exchange because it was popular in Taiwan, his partner’s home country. “Prior to…

Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project

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The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase & CoinbaseExch in the regions where…

Crypto Exchange Coinbase Adds Support for Two Low-Cap Ethereum Altcoins, Sparking Rallies

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Top US crypto exchange Coinbase has given support for two Ethereum (ETH)-based altcoin projects as markets continue to consolidate. In an announcement via Twitter, Coinbase says it will be adding support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network on December 8th when sufficient liquidity levels are achieved. With a market cap of $91 million, Aragon aims to be a framework for building decentralized autonomous organizations (DAOs), allowing users to easily construct DAOs on the Ethereum blockchain. Its native token ANT allows users to vote on proposals.…

The murky world of cryptocurrency mixers

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Cryptocurrency mixing services are a divisive subject in the industry. Some advocate for the privacy-enabling features of these protocols while others maintain that they are mainly used for illicit means. For platforms like Tornado Cash, the mainstream verdict is “guilty as charged.” The infamous decentralized mixing protocol was sanctioned by the United States Office of Foreign Assets Control (OFAC) in August 2022, essentially making it illegal for anyone to make use of the service. Tornado Cash continues to be a contentious topic and one of its developers, Alexey Pertsev, controversially remains…

Crypto Exchange Binance.US Eliminates Trading Fees for Ether

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Binance.US is getting rid of trading fees for ether (ETH), the company announced on Tuesday, expanding its zero-free program beyond just bitcoin (BTC). Free trading will apply to the following spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens. Source