Tag: Exchange

Ethereum Exchange Supply Drops To 5-Year Lows, What This Means For Price

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Ethereum recently cleared the $2,000 price level again in the past 24 hours, as filings of Spot Ethereum ETFs in the US start to pile up. New on-chain data has shown a clearer sentiment among ETH investors, and it looks like many are getting ready for the long haul.  Data shows that the amount of Ethereum held on exchanges has dropped since the middle of last week to the lowest levels since 2018. That means fewer people are selling their Ethereum, and more are holding onto it or staking it.…

BTC price returns key profit mark to Bitcoin exchange users at $34.7K

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Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month, but current prices are having an impact on BTC buyers who entered much earlier. According to Glassnode, which monitors the aggregate price at which coins left exchange wallets each…

SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds

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The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator. In a Nov. 20 complaint in a California District Court, the SEC claimed that since 2018 Kraken had operated as a platform that unlawfully facilitated the buying and selling of cryptocurrencies. “Without registering with the SEC in any capacity, Kraken has simultaneously acted as a broker, dealer, exchange, and clearing agency with respect to these crypto asset securities.” Additionally, the…

Ethereum-Based Decentralized Exchange dYdX Suffers $9,000,000 Loss in an Alleged ‘Market Manipulation Attempt’

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An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user. In a new thread on the social media platform X, the DEX protocol dYdX says that $9 million from its insurance fund was used to fill gaps in liquidations processed in the recent yearn.finance (YFI) correction but notes that no customer funds were affected. “Last night about $9 million from the dYdX v3 insurance fund was used to fill gaps on liquidations processed in the YFI market.…

Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg

CryptoX – Cryptocurrency Analysis and News Portal Binance Holding Ltd. would be asked to pay $4 billion to settle U.S. Department of Justice accusations of multiple criminal violations, according to a report from Bloomberg News on negotiations between the DOJ and the company, which are also leaving open the possibility that its founder Changpeng “CZ” Zhao would also face U.S. criminal charges. Source The post Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg appeared first on CryptoX. CryptoX Portal

Osaka Digital Exchange (ODX) to Start Trading of Digital Security Tokens in Japan

ODX said the token issuance will take place on Progmat, a robust software platform dedicated to the issuance and management of digital assets.  Osaka Digital Exchange (ODX) is set to transform the Japanese financial landscape with the launch of the country’s first-ever securities trading platform. The announcement, made on November 20, revealed that the company will commence trading of security tokens on its proprietary platform, dubbed “START,” on December 25, Christmas day. Having secured regulatory approval from Japan’s financial watchdog on November 16, ODX is now authorized to operate the…

Osaka Digital Exchange to launch trading of Japan’s first digital securities 

According to a Nov. 20 notice from Japan’s Osaka Digital Exchange, ODX is set to initiate the trading of digital securities in the country through the issuance of security tokens on Dec. 25. These tokens will be issued by Ichigo, a Tokyo-based real estate investment company, and Kenedix, selling about $20.1 million in securities, according to a coinciding Bloomberg report. Dedicated to ongoing efforts The introduction of the trading of security tokens on the exchange is said to be geared towards streamlining the investment process for individual investors, however, the…

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

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Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Journal editor-in-chief Matt Murray will chair an independent editorial committee while the current CoinDesk editorial team will remain intact. According to the report, Bullish acquired the crypto media platform in an all-cash deal, though the terms of the deal were not disclosed. The media platform,…