Tag: Exchange

UAE Exchange Al Ansari Financial Services Surge 17% in Dubai IPO

Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.  The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210 million after selling 750 million shares in the offering, or 10% of its value. The Al Ansari Financial Services development marks the first IPO for Dubai in 2023. The UAE government looks to diversify its economy as well as…

Media Outlets Push for Access to Non-US Customer Information in FTX Cryptocurrency Exchange Bankruptcy Case

boss

Several conventional media outlets seek to uncover the personal information of non-U.S. customers of the cryptocurrency FTX exchange, similar to the events that took place during the Celsius bankruptcy case, as stated by our sources. In an official filing on April 4th with the Delaware Bankruptcy Bloomberg Court, The New York Times, The Financial Times, and parent company Dow Jones & Company collectively objected to withholding FTX customers’ identities. According to their argument, the public and the press hold a “presumptive right” to access bankruptcy filings. FTX and its clients,…

Binance Australia’s Derivatives License Cancelled Following Request by Exchange.

boss

“It is critically important that AFS licensees classify retail and wholesale clients in accordance with the law,” ASIC Chairman Joseph Longo said in the release. “Retail clients trading in crypto derivatives are afforded important rights and consumer protections under financial-services laws in Australia, including access to external dispute resolution through the Australian Financial Complaints Authority,” Source

Cryptocurrency Exchange Hacks and Insurance: Risks, Coverage, and Limitations

boss

Individuals and institutions are increasingly using cryptocurrency exchanges to purchase, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. However, the rise of cryptocurrency exchanges has also resulted in an increase in security risks and hacks, with several high-profile exchanges falling prey to cyberattacks resulting in the loss of millions of dollars in cryptocurrency. We will look at the risks, coverage, and limitations of cryptocurrency exchange insurance in this piece. The Dangers of Cryptocurrency Exchange Hacks The possibility of cyberattacks and hacks is one of the most serious risks…

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return – Bitcoin News

boss

According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. Challenges Cited by Paxful CEO Ray Youssef Explain Why the P2P Bitcoin Exchange Is Suspending Its Marketplace On April 4, 2023, Paxful released a blog post stating that the peer-to-peer Bitcoin (P2P) exchange is suspending…

Crypto exchange backed by 3AC founders launches with claims trading plans

boss

Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX. Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius. “Claims trading will be the next thing that…

OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders is Now Live

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…