Tag: Exchange

Top Crypto Analyst Updates Outlook on Bitcoin (BTC) and Ethereum (ETH), Issues Warning on Exchange Coin

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A widely followed crypto trader says Bitcoin (BTC) is showing signs of upward continuation after Ethereum’s (ETH) highly-anticipated upgrade. Crypto analyst Michaël van de Poppe tells his 653,200 Twitter followers that the crypto markets are in slow continuation after ETH initially dipped yesterday on the launch of the Shanghai upgrade. “Waking up after a massive crash on ETH after the Shanghai upgrade, it feels different. However, Bitcoin at $30,000 is a good sign. Slow continuation.” With ETH’s price dip yesterday being minimum and ETH currently up 4.07% in the last 24 hours,…

Collapsed Exchange FTX Recovers $7,300,000,000 in Cash and Crypto Assets, Reconsiders Future: Report

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Troubled crypto exchange FTX has reportedly recovered billions of dollars worth of cash and assets as it reconsiders its future. According to a new report by Reuters, the bankrupt crypto-swapping platform has recuperated $7.3 billion in cash and liquid digital assets as the firm considers how to move forward from its catastrophic downfall last year. FTX attorney Andy Dietderich told Reuters the situation has stabilized and that the worst is over, further adding that FTX has greatly benefited from rising crypto prices in 2023. According to Dietderich, the amount recovered…

London Stock Exchange may provide clearing services for BTC derivatives starting in Q4

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The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year. According to an April 11 announcement, LCH SA, the Paris-based subsidiary of the LSEG clearinghouse, is set to provide clearing services for dollar-denominated, cash-settled Bitcoin (BTC) index futures and options contracts traded on the GFO-X venue. The plan still requires regulatory approval.…

London Stock Exchange To Offer Clearing Of Bitcoin Futures And Options

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The London Stock Exchange will soon offer clearing services for Bitcoin futures and options. The BTC index derivatives clearing will be made available through the group’s clearing subsidiary LCH. LCH will provide clearing for cash-settled BTC index derivatives on the UK-based GFO-X exchange.  The London Stock Exchange Group has announced its plans to offer the clearing for Bitcoin index futures and options. As the world’s eighth-largest stock exchange, the LSE Group will facilitate the trading of BTC futures and options through its clearinghouse subsidiary LCH.  Bitcoin index derivatives on FCA-regulated…

FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange – Bitcoin News

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FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers Say FTX Is Considering a Reboot Lawyers representing FTX debtors recently told the U.S. bankruptcy judge that they have been discussing the possibility of relaunching the exchange. Andrew Dietderich of Sullivan & Cromwell stated that…

DeFi Exchange Uniswap Launches Uniswap Mobile Wallet

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The Uniswap mobile wallet will allow users to buy cryptocurrencies for fees as low as 2.55%, nearly half what some competing DeFi protocols charge, Uniswap said in the release. Users can also swap funds on popular DeFi platforms, including Polygon, Arbitrum and Optimism. The wallet features in-app token price and NFT data, allowing users to favorite tokens and wallet addresses so they can track the trading activity that matters most to them. Source

Man Charged in Coinbase Insider-Trading Scheme To Pay the US Exchange $469,525.50 in Restitution

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One of the perpetrators in the first-ever crypto insider trading case is required to pay digital asset exchange Coinbase in addition to serving jail time. A New York District Court filing signed by Judge Loretta A. Preska on April 6th orders Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, to pay the exchange $469,525.50 in restitution while serving his sentence behind bars. “The defendant shall make installment payments toward restitution and may do so through the Bureau of Prisons’ (BOP) Inmate Financial Responsibility Plan (IFRP). Any unpaid amount…

Attorney of FTX Said Exchange Could Reopen; Recovers Over $7.3 Billion in Assets

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In a court hearing on Wednesday, Sullivan & Cromwell, the solicitors for crypto exchange FTX, said the company is contemplating reopening in the future while it deals with bankruptcy. Allowing FTX’s creditors to convert a portion of their ownership into a stake in a reopened exchange was one possible solution that was proposed. The exchange’s relaunch was one of many potential possibilities being evaluated for the company’s future, lead FTX attorney Andy Dietderich told the court. If that course of action goes ahead, according to Dietderich, the plan will need to…

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

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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…