Tag: Exchange

Shiba Inu (SHIB) Burn Rate Explodes Nearly 8,000% As Dogecoin Rival Gets Surprise Listing from Major Exchange

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Shiba Inu’s rate of token burns has skyrocketed nearly 8,000% as the SHIB community welcomes yet another listing from a major crypto exchange. According to Shibburn, which keeps track of SHIB burning, the burn rate suddenly exploded 7,900% on Friday as 43 million tokens were burned in a single day. “HOURLY SHIB UPDATE SHIB Price: $0.00001137 (1hr 0.13% ? | 24hr -5.18% ? ) Market Cap: $6,699,607,943 (-5.47% ?) Total Supply: 589,614,707,812,657 TOKENS BURNT Past 24Hrs: 43,192,603 (7909.09% ?) Past 7 Days: 148,357,592 (-19.8% ?)” At time of writing, over…

Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign – Featured Bitcoin News

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Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams in partnership with law enforcement agencies. Noting “an alarming uptrend in both traditional and crypto-related scams,” Binance said it has been “engaging in discussions with law enforcement agencies worldwide about how to fight and prevent…

Top US Crypto Exchange Coinbase Acquires Digital Asset Manager With Goal of ‘Bridging the Gap’ to Institutions

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Top US crypto exchange Coinbase has acquired a digital asset manager in an effort to expand further into the institutional investor space. Coinbase purchased One River Digital Asset Management (ORDAM), a subsidiary of One River Asset Management, according to a new press release. ORDAM will now operate as Coinbase Asset Management (CBAM), an independent subsidiary of the US-based crypto exchange. Greg Tusar, Coinbase’s head of institutional product, tells Bloomberg that the acquisition is about strengthening ties with institutions. “This is about wanting to bring more institutional capital into the world…

Silvergate closes Exchange Network, releases $9.9M to BlockFi

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Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision”. The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy.  A disclaimer on Silvergate’s website stated: “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational.”  A second decision on the same day from United States Judge Michael B. Kaplan said Silvergate had…

Under-the-Radar Exchange Token Defies Crypto Market Downtrend, Surges Over 40% in One Week

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A crypto exchange token that’s flying under the radar is on the up and up this week even amid the market-wide corrective move. The native token of the MEXC exchange platform (MX) rallied from this week’s open at $1.23 to a high of $1.74 on Friday, representing an ascent of over 41%. The 215th-ranked crypto asset by market cap is also up more than 80% in the past month and over 101% since the start of 2023. MX has retraced from the high since and is trading for $1.65. Founded…

SEC Official Says Binance US Is Operating ‘Unregistered Securities Exchange’

CryptoX – Cryptocurrency Analysis and News Portal “The staff believes – based solely on the facts and circumstances currently known to the staff – that the offering and sale of VGX tokens has the attributes of a securities transaction,” he said. “The staff also believes that Binance US is operating an unregistered securities exchange in the United States.” Source The post SEC Official Says Binance US Is Operating ‘Unregistered Securities Exchange’ appeared first on CryptoX. CryptoX Portal

Crypto Exchange Bitzlato Restores Access to User Funds – Exchanges Bitcoin News

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Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who have deposited funds to Bitzlato can now start to withdraw their coins, the recently seized crypto exchange said in a Telegram message. The announcement comes after a period of over a month during which the…

US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’ – Regulation Bitcoin News

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Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance and Binance US on Wednesday, calling for the crypto exchanges to “provide transparency about potentially illegal business practices.” The letter, addressed…

Crypto Exchange OKX Seizes 2,000,000 in USDT From Five Accounts Allegedly Involved in Price Manipulation

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Crypto exchange OKX says it has taken action against five accounts involved in the market manipulation of Celestial (CELT). CELT is the native token of the Celestial metaverse project, which recently announced the creation of a new blockchain game. Celestial developers promoted the game on social media using the OKX brand, causing the price of CELT to surge by nearly 200% before dropping by over 50% in the past 24 hours. Amid allegations of insider trading, OKX says it did not authorize the promotion and denies having a business relationship…