Tag: Exchange

FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange

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John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy. In testimony for FTX’s case in the United States Bankruptcy Court for the District of Delaware on Feb. 6, Ray said he and other professionals had “carefully” been conducting an investigation into FTX’s activities, due to the company having no physical office. The FTX CEO seemed to be pushing back against a motion to assign an independent examiner to the bankruptcy case, claiming that…

Shiba Inu (SHIB) Rallies Once Again As ShibaSwap (BONE) Gets Listed on Crypto Exchange Bitget

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Dogecoin (DOGE) rival Shiba Inu (SHIB) has outrun most of the digital asset markets yet again as hype continues to build around the top meme cryptocurrency. At time of writing, SHIB is up over 80% since and the beginning of the year and more than 32% in the last seven days, trading at $0.00001461 at time of writing. The Shibu Inu ecosystem is anticipating the launch of its new layer-2 upgrade Shibarium, a scaling solution built on top of Ethereum (ETH), similar to Polygon (MATIC) Days ago, crypto exchange Bitget…

Binance Exchange Floats New Tax Return Reporting Tool

The launch of the Binance Tax product in France has tagged a stepping stone for the service that will soon be made available in other countries around the world. The Binance exchange, the world’s largest crypto brokerage firm by trading volume, has announced the launch of its Binance Tax product to help simplify the process of filing tax returns for its customers. Per a Press Release shared with Coinspeaker, the Binance Tax tool will first be available to customers in France before it is eventually rolled out to other customers…

Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of Exchange – Featured Bitcoin News

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Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “amazing” what bitcoin has accomplished but believes the cryptocurrency is not going to be an effective money, a store of value, or a medium of exchange. Nonetheless, he stressed that “we are in a world in which money as we know it is in jeopardy.” Billionaire Ray Dalio on Bitcoin Billionaire investor and hedge fund manager Ray Dalio, who founded the world’s largest hedge fund, Bridgewater Associates, and previously served as its co-chief investment officer,…

Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet Services – Exchanges Bitcoin News

Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 “to remove the funds from the accounts that they used for Wazirx’s operations.” The move followed a public dispute regarding the relationship between Binance and Wazirx. Binance Ends Wallet Services to Wazirx Cryptocurrency exchange Binance said Friday that Indian crypto exchange Wazirx “can no longer use Binance wallet services.” Noting that it “has no control over Wazirx user funds or any aspect of the Wazirx exchange’s…

Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax – Exchanges Bitcoin News

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Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance Invests in Troubled Korean Crypto Exchange Cryptocurrency exchange Binance announced Friday that it has invested in Gopax, a licensed crypto exchange in South Korea. The investment marks Binance’s return to the Korean crypto market, which the company exited two years ago, citing low usage and trading volume.…

Top US Crypto Exchange Coinbase Adds Ethereum Staking Altcoin to Listing Roadmap

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Top US crypto exchange Coinbase has added the altcoin Liquid Staked Ethereum (LSETH) to its listing roadmap. Liquid Staked ETH is a new “receipt token” investors receive when they stake their Ethereum (ETH) with the Liquid Collective, a liquid staking protocol. The Liquid Collective notes its staking method differs from traditional staking, where users lock up their tokens. “Whereas traditional methods of staking are subject to bonding and unbonding periods (ranging from days to weeks), liquid staking provides stakers with increased liquidity and capital efficiency. Token holders stake their token…