Tag: Exchange

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…

Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges

CryptoX – Cryptocurrency Analysis and News Portal However, the attorney stressed that the possibility of re-starting FTX is one of many, and any decisions are far from final.”There are as many opinions on this, I think, as there are professionals involved in this case,” Dietderich said. “And that’s a lot.” Source The post Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges appeared first on CryptoX. CryptoX Portal

Large Bitcoin Investor Sent $330M of BTC to Exchange Before Price Dropped Below $30K: Blockchain Data

Blockchain transactions show that the wallet had been accumulating BTC between June 2022 and January 2023 at an average price of $20,083, per data by Bitinfocharts, a website that tracks the on-chain behavior of largest bitcoin holders. Until mid-March, the wallet was the 14th largest BTC holder controlling more than $1.2 billion of tokens. Source 30K330MBitcoinBlockchainBTCdataDroppedExchangeInvestorLargePrice CryptoX Portal

ApeCoin surges 1,950% on South Korean crypto exchange Upbit

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On April 12, Yuga Labs’ ERC-20 token ApeCoin (APE) briefly surged to $90.00 from around $4.20 apiece on the South Korean cryptocurrency exchange Upbit before most gains were wiped out in a sharp sell-off. However, the token is still trading at $10.90 apiece at the time of publication, representing a significant premium of around $4.50 compared to other exchanges.  ApeCoin’s spectacular rally on Upbit Currently, the only APE trading pair listed on Upbit is BTC/APE; it represents only a tiny portion of the coin’s trading volume, with around 4 million…

Bitcoin gaming enters Africa with local crypto exchange partnership

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Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike. Zebedee, a fintech and payments processor targeting the gaming space, has partnered with crypto exchange platform Bitnob to offer payments and gaming reward options in Africa using the Bitcoin Lightning Network (LN). Within the partnership, African users can earn Bitcoin through Zebedee-powered apps and games. Zebedee’s offering serves as a second layer in games that allows developers to replace vague in-game points rewards with satoshis, the smallest denomination of Bitcoin. Through…

‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022 – Africa Bitcoin News

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Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle to keep the naira to the dollar exchange rate from depreciating further” until both crude oil and non-oil exports are boosted, an accounting firm has asserted. Nigeria’s High Cost of Doing Business In its latest report on the flow of foreign capital into Nigeria,…

How to buy or sell Bitcoin without using a centralized crypto exchange?

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The failure of FTX triggered a notable growth of self-custody in 2022, with numerous cryptocurrency investors transitioning from centralized exchanges (CEX) to hardware or software wallets. The rising popularity of self-custody could even potentially erase the need for centralized exchanges one day, according to Binance CEO Changpeng Zhao. But how would people buy or sell cryptocurrencies without centralized exchanges? The crypto industry already offers ways to exchange cryptocurrencies like Bitcoin (BTC) for fiat money without using a CEX like Binance. However, such a process is associated with certain pros and…

Employees of South Korean Crypto Exchange Coinone Arrested: Report

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South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack

The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses. GDAC crypto exchange, a South Korean WEMIX-listed platform, has announced the loss of nearly $14 million in various digital assets through a system hack. As a result, GDAC has announced the suspension of trading services including crypto deposits and withdrawals from the exchange’s hot wallet. Among the affected coins include approximately 60.8 Bitcoins, 350.5 Ethers, 10M WEMIX, and 220k USDT. Reportedly, the stolen GDAC digital assets represent a total of 23…