Tag: Exchange

Solana Decentralized Exchange Altcoin Skyrockets More Than 95% This Week Amid Roaring Network Growth

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The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago. The 144th-ranked crypto asset by market cap is also up nearly 16% in the past 24 hours and more than 1,140% since the start of 2023. RAY’s recent gains have materialized as the Raydium protocol…

XRP Whales Show Exchange Inflow Activity, Bad Sign For Price?

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On-chain data shows that XRP whales have been making exchange inflows in the past day, a sign that may be negative for the asset’s price. XRP Whales Have Made Multiple Large Exchange Inflows Today According to data from the cryptocurrency transaction tracker service Whale Alert, the XRP network has handled a few large transactions during the last 24 hours. In total, there have been four such transfers, each worth at least $10.9 million. Given the huge scale of these moves, it’s likely that whale entities were responsible for them. The…

Hong Kong’s HashKey Exchange restricts large third-party deposits except from Binance

Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. In a blog announcement on Dec. 21, HashKey Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (SFC), which is why the exchange will not accept crypto deposits from third-party exchanges except Binance. Those users who send more than 8,000HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than…

Rebel Satoshi set for exchange listing, surpassing PEPE and XRP in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi (RBLZ) progresses into the Warriors Round 2 of its presale Experts believe XRP could rise to $1.150 in the next three months. PEPE bulls expect the token to reach $0.00000350.  XRP has failed to break above the $0.645 barrier, but analysts remain hopeful. Meanwhile, due to BONK’s recent surge, PEPE has lost its position as the third-largest meme coin by market capitalization. As XRP and PEPE strive for…

Ethereum Exchange Balances Drop Drastically, What This Means For ETH Price

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Ethereum is currently ranging around $2,200, with its price undergoing a calm volatility in the past 7 days. New data from Santiment has revealed the current sentiment among Ethereum whale addresses, as the total supply on exchanges recently hit a new low. According to the on-chain analytics platform, more than 240,000 ETH have left 10 of the biggest ETH exchange wallets in the past 24 hours.  As a result, the cumulative number of ETH deposited across crypto exchanges dropped from 8.03 million ETH to 7.79 million ETH in a single…

FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange

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Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time of the disgraced exchange’s collapse back in November 2022. A recent disclosure statement shows that FTX’s lawyers are proposing that claims regarding digital assets will be calculated and processed by converting the value of the crypto into cash based on the exchange rate on November 11th, 2022, the day the now-defunct exchange commenced its Chapter 11 case. Crypto prices had cratered at the time due to the FTX turmoil and…

FTX Bankruptcy Fees Reach $53,000 per Hour, Crypto Exchange Still Owes Over $1B

Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges. The collapse of cryptocurrency exchange FTX, previously valued at $32 billion, has resulted in exorbitant legal and advisory fees amounting to an average of $53,000 per hour within three months. According to recent filings with the bankruptcy court, FTX attempted to address its insolvency issues by spending an astounding $118.1 million on professional services between August 1 and October 31 of this year. This equates to more than $1.3…

US Government Slaps $1,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions

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A San Francisco-based crypto exchange has reached an agreement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to settle its potential civil liability for violating US sanctions related to Russia and Ukraine. In a new enforcement release, the OFAC says that CoinList Markets (CLM) has agreed to pay over $1.2 million as a settlement for processing hundreds of transactions that violated the government’s embargo policies. The agency says the exchange complied with some of the sanction measures including denying access to users with IP addresses in prohibited…

Qredo Closes Crypto Exchange Ankex, CEO Michael Moro Leaves

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Over $2,700,000 in Ethereum and Other Crypto Assets Stolen From OKX Decentralized Exchange in Hack: PeckShield

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The decentralized exchange (DEX) OKX has suffered a security breach as a result of a compromised private key, according to cybersecurity firms. In a post on social media platform X, blockchain security company PeckShield says the exploit enabled the hackers to get away with $2.76 million worth of Ethereum (ETH), Tether (USDT) and USDC. “PeckShieldAlert OKX DEX suffered a Private Key Leakage attack, resulting in ~$2.76 million worth of cryptos being stolen. Please *Revoke* your allowance if any, to https://etherscan.io/address/0x40aa958dd87fc8305b97f2ba922cddca374bcd7f” Source: PeckShield/X Another blockchain security firm, SlowMist, says the private…