Tag: Exchange

Hong Kong Warns against Unlicensed Crypto Exchange Sure X

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Hong Kong’s financial regulator has issued a warning to the public regarding an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization. The Securities and Futures Commission (SFC) cautioned investors against trading on Sure X, highlighting the risks of potential losses due to platform failure, hacking, or misappropriation of assets. Sure X is a virtual asset trading platform operating under various names, such as “Sure Bit International Pte Ltd” or “Sure Bit International Ltd”. The SFC warned that investors might still find ways…

Beeks Group and STT Collaborate for Exchange Trading and Clearing Services

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Beeks, a cloud computing and connectivity provider for financial markets, has partnered with Securities & Trading Technology (STT) to enhance exchange trading and clearing services in the global financial markets. According to the press release, this collaboration aims to provide a suite of services targeting financial institutions. Beeks and STT aim to offer financial solutions delivered as fully managed services. According to these organizations, this approach alleviates the need for huge investments in infrastructure and operational costs. Zack Hodgson, the Chairman of STT, mentioned: “Joining forces with Beeks represents a…

Bitcoin exchange reserves hit record low

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Bitcoin exchange reserves have plummeted to its lowest levels since early 2021, indicating that holders could store BTC another way. More than 90,700 bitcoin have been withdrawn from major cryptocurrency exchanges over the past month, reveals CryptoQuant, stressing a reduction in Bitcoin’s liquid supply and hinting at a long-term holding strategy among investors. According to data from CryptoQuant, the noteworthy outflow from exchanges to cold storage aligns with a multi-year trend, seemingly driven by the digital asset’s price increase, the approval of spot Bitcoin ETFs, and anticipation of the halving…

Crypto Exchange Insurance Funds Surge Over $1 Billion Amid Bull Market

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Amid the ongoing crypto bull market, the top crypto exchange insurance funds have seen a remarkable surge in value, exceeding $1 billion. As of April 3, Binance’s Secure Asset Fund for Users (SAFU), comprising Bitcoin, BNB, Tether, and TrueUSD (TUSD) balances, has surpassed $2.03 billion, soaring from its initial balance of $1 billion in January 2022. Similarly, Bitget’s protection fund, initially set at $300 million when launched in November 2022, has now grown to $612 million due to the appreciation of its Bitcoin holdings. Over the past year, Bitcoin has…

HanChain (HAN) Goes Live on Top 10 Crypto Exchange MEXC

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PRESS RELEASE. HanChain (HAN) went live on MEXC, a top 10 global cryptocurrency exchange, at 5:00 AM UTC on April 3, 2024. In addition to the listing, the HanChain project also launched its mobile staking version, coinciding with LBANK’s Grid Trading Competition and Flexible Staking Service. HanChain is a dual cryptocurrency project designed for real-life […] Source

KNINE Listed On Major Exchange After 50% Drop

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Shiba Inu’s Layer-2 blockchain, Shibarium, is experiencing a shot of optimism amidst a bearish crypto market. K9 Finance (KNINE), a project aiming to become the go-to platform for liquid staking derivatives (LSD) on Shibarium, has secured a listing on BitMart, a major cryptocurrency exchange. This move, coupled with the upcoming launch of the K9 Finance dApp, is seen as a potential catalyst for growth within the Shibarium ecosystem. K9 Finance offers functionality similar to Lido Finance on Ethereum. Lido allows users to stake their Ethereum (ETH) while receiving Lido Staked…

Owner of Thailand’s Largest Cryptocurrency Exchange Set to Go Public in 2025

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Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, reportedly plans to go public in 2025. Jirayut Srupsrisopa, the CEO of the holding company, revealed that Bitkub Capital Group is currently hiring financial advisers to assist with the listing. Enhancing Bitkub Capital Group’s Profile Bitkub Capital Group Holdings, the owner of Bitkub Online […] Source