Category: Exchanges

US Sanctions Russia’s Crypto Exchange, Executives Over $100 Million in Illicit Transactions

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The US Treasury Department has re-designated Moscow-based cryptocurrency exchange Garantex and sanctioned its successor, Grinex, along with three executives and six associated companies in Russia and the Kyrgyz Republic. Officials say Garantex processed more than $100 million in illicit transactions since 2019, including funds tied to ransomware attacks and darknet markets. “Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion. Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks…

Crypto Exchange Bullish Valued at $13.2 Billion After NYSE Debut, Outperforms eToro

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Cryptocurrency exchange Bullish made a stunning Wall Street debut yesterday (Wednesday), with shares more than doubling to give the company a nearly $13.2 billion valuation and mint two new crypto billionaires in the process. The company’s stock opened at $90 and climbed as high as $118 before settling at $68 – an 84% gain from its $37 IPO price. The debut marked one of the year’s most successful public offerings and signals growing mainstream acceptance of digital assets. Bullish raised $1.1 billion in the offering after pricing shares above its…

Total Cryptocurrency Market Cap Reaches New High, Ethereum Value Surpasses Mastercard – SuperCryptoNews

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The total market capitalization of cryptocurrencies has reached a new all-time high of $4.14 trillion, driven by significant gains in Bitcoin and Ethereum. This new peak surpasses the previous record set on July 23, with the crypto market gaining 22% since the beginning of the year. This inflow of approximately $750 billion is comparable to the entire market cap during the bear market crash in November 2022. Despite the growth, the total crypto market is still valued less than tech giant Nvidia, which has a market capitalization of $4.45 trillion.…

Unknown Whales Abruptly Accumulate $4,167,000,000 in Ethereum via Exchanges: Report

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Unknown entities are reportedly accumulating billions of dollars worth of the second-largest digital asset by market cap via crypto exchange platforms. In a post on the social media platform X, Wu Blockchain reports that Chinese on-chain analyst EmberCN says unknown deep-pocketed investors have gobbled up billions of dollars worth of Ethereum (ETH) from crypto exchanges in about a month, contributing to its recent price hike. “According to EmberCN, since July 10, over 1.035 million ETH ($4.167 billion) have been accumulated by unknown whales or institutions via exchanges and institutional platforms.…

Binance Teams up With BBVA for Off-Exchange Custody

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Crypto exchange Binance has reportedly teamed up with Spain’s BBVA to enable clients to store collateral outside the trading platform. In this arrangement, BBVA — the nation’s third-largest lender — will act as an independent custodian, holding client funds in US Treasuries that Binance accepts as margin for trades. The collaboration aims to reduce counterparty […] Source

Binance Partners With BBVA to Secure Customer Funds Off-Exchange

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Binance has partnered with BBVA, one of Spain’s biggest banks, to act as an independent custodian for customer funds, according to a Friday report in the Financial Times citing two people familiar with the arrangement. The move reportedly aims to restore confidence in centralized crypto investing following scandals such as the FTX collapse and Binance’s own regulatory troubles. The FT report said Binance users can now custody assets with BBVA, offering enhanced security through bank-backed collateral. Binance has also partnered with Switzerland’s Sygnum and FlowBank to serve as independent custodians.…

World Liberty Financial Launches USD1 Points Program—Exchanges Ready to Accelerate Adoption

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World Liberty Financial is unleashing a sweeping multi-exchange rewards push tied to USD1, setting the stage for crypto’s boldest loyalty rollout and sparking fierce competition across platforms. WLFI Ignites Multi-Exchange USD1 Rewards—Could This Trigger a Loyalty Arms Race? World Liberty Financial (WLFI) announced on social media platform X on Aug. 7 that it is preparing […] Source

Philippines blocks big crypto exchanges, Coinbase scammer’s stash: Asia Express

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The Philippines’ internet firms block top crypto exchanges Members of the crypto community in the Philippines say local internet service providers have begun blocking access to several unlicensed cryptocurrency exchanges. The move follows a warning issued Monday by the Securities and Exchange Commission (SEC), which flagged 10 exchanges, including OKX, Bybit, and Bitget, for operating without a license. Several users report they can no longer access these exchanges’ websites, though mobile apps remain functional for now. However, previous enforcement history suggests that app access may also be restricted soon. Philippine…