Soon after BTC-e stopped operations, its successor, WEX, appealed to the BTC-e users offering to resume trading from their accounts and also to get refunds for their lost funds. However, WEX shut down, too, a year later, the victim of internal conflict and in-fighting. WEX wallets were drained of millions of dollars worth of crypto, CoinDesk reported at the time. Original
Top US-based crypto exchange platform Coinbase is adding trading support for Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), a chief competitor of Polygon (MATIC). In a new announcement, Coinbase says that trading for Arbitrum is now available across both iOS and Android with an experimental label a week after it was added to the crypto exchange giant’s roadmap listing. According to Coinbase, the experimental tag means that a digital asset is highly volatile and has a lower trading volume compared to other cryptocurrencies in the crypto exchange giant’s repertoire. The…
Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients’ money, the hedge fund’s founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon? Source
Zipmex, a troubled cryptocurrency exchange, is facing the risk of losing a $100 million bailout deal as it did not receive its latest payment due on March 23. The exchange was supposed to receive $1.25 million as part of the acquisition deal with V Ventures, a subsidiary of Thoresen Thai Agencies Pcl. According to a letter by the company, Zipmex has not received any information on when or if the latest payment will be made. The exchange is working with its advisers to decide on the next steps. Although Zipmex…
Crypto whales are reportedly moving hundreds of millions worth of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as the markets respond to the Federal Reserve announcing further rate hikes. According to new data from whale-surveying platform Whale Alert, a staggering 84,890,577,207,998 Dogelon Mars (ELON) tokens, worth about $29 million at time of writing, were abruptly shifted from Crypto.com to an unknown crypto wallet. Transactions featuring the king crypto were also on Whale Alert’s radar as many deep-pocketed investors started transferring millions of dollars…
On Wednesday, the SEC issued Coinbase a Wells notice, which informs businesses that it is planning future enforcement action against them. Coinbase said in a filing with the SEC that it believes any action “would relate to aspects of the company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet.” Source
Ziglu is also looking to raise around $2.46 million to enable it to continue operating until a sale is agreed Source
Independent Reserve, an Australian cryptocurrency exchange, is considering opening a branch in Hong Kong as the city works to establish itself as a major cryptocurrency hub. In keeping with its goals to become Asia’s next crypto hub, the Hong Kong Securities and Futures Commission (SFC) issued a proposed licencing scheme for cryptocurrency exchanges on February 20. The scheme is scheduled to go into effect in June. Adrian Przelozny, co-founder and CEO of Independent Reserve, said that his company is now seriously contemplating establishing a headquarters in Hong Kong due to…
Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asia’s next crypto hub. Independent Reserve co-founder and CEO, Adrian Przelozny told Cointelegraph the “friendly” licensing regime makes Hong Kong a worthy destination to set up a new base, something his firm…
The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.’” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an enforcement action.” Coinbase Receives a ‘Wells Notice’ From SEC Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC) “regarding an unspecified portion…