Tag: Exchange

Crypto exchange TrigonX latest to emerge from the FTX rubble

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Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million. According to company director Matteo Salerno, TrigonX is earmarked for revival after a deed of company arrangement was approved by creditors, The Australian reported on May 29. Founded in 2014, the digital asset exchange was one of the many affected by the sudden collapse of the FTX in November. TrigonX appointed administrators on Dec. 16, after it was unable to meet…

Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

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Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday said it decided to halt withdrawal in order to aid authorities in collecting evidence. “The team will actively work with the relevant authorities to resolve the current issues faced to ensure that the rights of our users are protected to the greatest extent possible,” BKEX said in a statement on its blog. #BKEX Announcement on Suspension of Withdrawals – Details: https://t.co/gDh6Z3bg9apic.twitter.com/EMTEuU2DDO —…

Russia scraps plans for a national cryptocurrency exchange

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The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea, according to State Duma member Anatoly Aksakov. As previously reported, the local government was considering launching a unified crypto exchange as part of the Moscow Exchange. Instead of setting up a unified crypto exchange, Russia now wants to set rules for creating and managing such platforms, Aksakov said, the…

Binance and Gulf Energy’s Partnership Secures License for Regulated Crypto Exchange in Thailand

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Gulf Binance, a collaboration between cryptocurrency exchange Binance and Gulf Innova, the innovation arm of Gulf Energy, has secured a digital asset operator license in Thailand. The Ministry of Finance in Thailand granted the license, giving Gulf Binance the green light to proceed with its plans to establish a regulated cryptocurrency exchange and brokerage. According to a press release, the platform is expected to be launched by the end of this year. The strategic partnership between Binance and Gulf Energy’s Gulf Innova aims to leverage Binance’s expertise in the crypto…

Crypto Exchange Gemini Launches European HQ in Ireland Amid Swirling US Regulatory Uncertainty

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Crypto exchange Gemini has found a new European headquarters as regulators in the US remain hostile toward the digital asset industry. On Thursday, Cameron Winklevoss, who co-founded the exchange with his twin brother Tyler, announced his company would be setting up a regional HQ in Ireland. “Awesome meeting this morning with Leo Varadkar, the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that Gemini…

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Ethereum’s exchange holdings plunge to 5-year low

Ethereum (ETH) balances on crypto exchanges have plunged to a five-year low, triggering speculation on its future price action. Intriguing developments have always marked the ebb and flow of the crypto market, and this week is no exception.  The show’s star is ether, the world’s second-largest cryptocurrency, quietly making headlines due to an intriguing phenomenon – its balance on exchanges is nearing an all-time low.  The question on everyone’s mind is: what could this mean for the future of ETH? Data from Glassnode paints a compelling picture. As of May…

Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

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Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand. Gulf Binance — a joint crypto venture of Binance and Gulf Energy’s innovation arm Gulf Innova — has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses enable the firm to operate a crypto exchange regulated by the country’s Securities and Exchange Commission. Announcing the news on May 26, Binance said Gulf Binance is set to launch a new digital asset exchange in Thailand by Q4 2023. The new crypto venture will…

No ETH to trade? Ethereum exchange balance drops to a 5-year low

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The balance of available Ether (ETH) across crypto exchanges dropped to a five-year low on May 26, bringing the total amount of Ether held on exchanges to 17.86 million. A drastic decline in the exchange supply of ETH like this has not been seen since April 2018. According to Glassnode data, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared with the 25–26% of supply held during the 2021 bull run. The decline in Ether exchange balances. Source: Glassnode The drop in ETH supply began…

Former Director of Listing of Crypto Exchange Coinone Acknowledges South Korea Bribery Charges: Report

“Mr Jeon,” Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such as “Furiever Coin,” which was listed exclusively on the exchange, and has since been linked to a kidnapping and murder investigation in the Gangnam district in Seoul. Jeon’s broker, known as “Mr Ko,” is accused of facilitating the listings. Source