Tag: Exchange

US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase – Regulation Bitcoin News

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A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit filed in Manhattan by customers of cryptocurrency exchange Coinbase (Nasdaq: COIN) was dismissed with prejudice by U.S. District Judge Paul Engelmayer on Wednesday, meaning they cannot be brought again, Reuters reported. The lawsuit was filed against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong…

Indonesia targets launch of its national crypto exchange by June

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Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022. Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that the government is currently reviewing which companies meet their criteria to become part of the exchange, according to local reports. Trade Minister Zulkifli Hasan. Source: Owntalk.co.id There are five active crypto exchanges which are currently registered with the country’s…

24 Exchange Crosses $1B Mark in Forex NDFs ADV in January

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The average daily volume (ADV) of forex non-deliverable forwards (NDFs) traded on 24 Exchange hit over $1 billion in January 2023, Dmitri Galinov, the Chief Executive Officer of the Bermuda-based multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes,…

Crypto Exchange Former Bithumb Chairman Arrested in South Korea

In addition to this arrest, South Korea’s National Tax Service had also opened a separate investigation into the possible tax evasion at Bithumb and its affiliates. On Thursday, February 2, Kang Jong-Hyun, the former chairman of South Korea-based crypto exchange Bithumb was arrested on charges of embezzlement, fraudulent illegal transactions, and breach of trust. The development comes a week after South Korean authorities requested the arrest of Bithumb owners. Arrest of Former Bithumb Chairman Along with Jong-Hyun, the South Korean authorities also requested the arrest of two other Bithumb executives…

Ethereum-Based Decentralized Exchange Token Explodes 50% As Project Releases Yearly Report

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An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. “Despite the challenging market conditions in 2022, stakeholders in the dYdX ecosystem persevered and continued to build toward the future of finance — one block at a time. In 2022, DeFi proved its resilience and demonstrated clear advantages over CeFi [centralized finance]. Market activity…

Crypto Exchange Coinbase Adds New Wallet Security Feature To Protect Against Phishing and Scams

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US-based cryptocurrency platform Coinbase is enhancing the safety of Coinbase Wallet as threats to users increase. The crypto exchange says it has added features to its wallet to help protect its users against scams such as phishing attacks and malicious airdrops. According to the crypto exchange, the Coinbase Wallet will now offer more clarity to users when they are interacting with smart contracts or decentralized applications (DApps) to ensure they are well aware of every action they take, from coin swaps to non-fungible token (NFT) minting. “Transaction previews: To give…