While 850,000 bitcoin went missing from the exchange in 2014, it’s not that amount that’s potentially being disposed of, because the exchange has recovered 142,000 BTC along with 143,000 in Bitcoin Cash (BCH) and 69 billion Japanese yen ($510 million), representing about 20% of the hack. Original
With the new offering, traders can bypass complexities involved in setting up options strategies and directly buy and sell volatility similar to trading futures tied to bitcoin’s price. The product may attract more institutional and retail investor participation, much like the Chicago Board Options Exchange’s (Cboe) VIX futures – derivatives on The Cboe Volatility Index, or VIX. The index represents the market’s expectation for volatility in the S&P 500 over the coming 30 days. Original
A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments. In a TASE first, a Feb. 27 announcement stated the proposed structure will enable customers to deposit fiat money designated for investments in digital assets. Non-banking members will act as licensed providers for crypto trading and custodial services should the proposal be approved. Customer funds will be placed in an “omnibus account” as the intermediary for crypto trading activities. It will also…
Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted. TASE Exchange Moves to Regulate Cryptocurrency Trading for Brokers The Tel Aviv Stock Exchange (TASE) has published a draft proposing to allow clients of non-banking institutions (NBMs) among its members to buy and sell cryptocurrencies. It intends to expand the list of…
Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded. Binance has hit back at the Forbes report that claims it quietly transferred $1.8 billion in client-backing collateral. According to the Forbes report, the prominent crypto exchange moved the stablecoin-backing funds without informing its customers. The Forbes report stated that Binance moved a significant chunk of the transferred customer funds ($1.1 billion) to Cumberland, the crypto trading arm of DRW Holdings LLC, a diversified trading firm based in Chicago. Binance’s chief strategy officer, Patrick…
In the aftermath of the FTX collapse, Forbes published an article that focused on the recent “shuffling” of funds by the cryptocurrency exchange Binance. However, the following day on Feb. 28, Binance co-founder and CEO Changpeng Zhao (CZ) took to Twitter to tackle the FUD. In response to the article, the CEO said: “They seem to not understand the basics of how an exchange works. Our users are free to withdraw their assets any time they want.” In his series of tweets, he addressed various claims from the Forbes article. This…
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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…
The Tel Aviv Stock Exchange (TASE) has become another traditional trading floor to hop on the accelerating cryptocurrency wagon by allowing customers to transact digital assets. On Monday, TASE started a public discussion on draft rules to approve Non-Banking Members (NBMs) to trading cryptos. The proposed structure allows customers to deposit fiat money for investment in cryptocurrency, which licensed providers will trade. The Non-Banking Members will act as intermediaries between the customer and the trading and custodial services providers. When a customer places the order to buy or sell cryptocurrency,…
A Shiba Inu (SHIB) competitor has rallied under the radar leading to the announcement of a major crypto exchange enabling perpetual contracts for the dog-theme crypto asset. On Friday, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu (FLOKI) perpetual contracts with up to 12.5x leverage. Floki Inu’s Twitter account welcomed the development, saying that Bybit’s move is a sign that people are starting to look at the Dogecoin (DOGE) rival. “This is a MAJOR move that further legitimizes Floki and shows that key industry players continue…