Tag: Exchange

FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges – Market Updates Bitcoin News

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As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold. FTT Token Jumps 28% Rising Above the $1 Threshold The value of FTX’s exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains…

Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt

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Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment. Bitvavo officially announced on Jan. 11 that the firm received a counter proposal from DCG offering to repay about 70% of the outstanding amount in a term acceptable to Bitvavo. The remaining balance amount is still under negotiation with DCG as it is only ready to repay part of the debt within a term acceptable for Bitvavo, the exchange said, adding: “As creditors, we do not find…

South Korean Tax Authorities Investigating Crypto Exchange Operator Bithumb Holdings

A local report states that the investigation will be conducted by a unit dedicated to “special tax investigations.” South Korean tax authorities are investigating local crypto exchange operator Bithumb Holdings. This is according to a Tuesday report by Yonhap News which states that the National Tax Service is reportedly investigating possible tax evasion via domestic and international transactions of Bithumb Korea, Bithumb Holdings, and affiliates in Gangnam-gu, Seoul. A company official confirmed the news to CoinDesk Korea but could not share details. A local report states that the investigation will…

Crypto exchange Zipmex probed by Thai SEC amid buyout

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The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules.  A Bloomberg report revealed that local authorities are looking into an activity that they believe may be in violation of business rules for digital asset service providers. This includes its offerings of certain digital asset products According to the Thai SEC, Zipmex has until Jan. 12 to clarify whether it has been functioning as a “digital-asset fund manager without permission” in Thailand. If true,…

Behind the Scenes on Indonesia’s New Official Crypto Exchange

Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023. Pacific Street Managing Director Gareth Rhodes weighed in on the lingering crypto winter jitters. Meanwhile, bitcoin (BTC) is holding steady above $17,000. IDX Digital Assets CIO Ben McMillan shared his crypto markets analysis. And, Blockchain Foundation Executive Director Cleve Mesidor discussed the future of crypto regulation. Source BitcoinCryptocryptoexchangeExchangeExchangesIndonesiasOfficialScenes CryptoX Portal

Former FTX.US President Brett Harrison Says He’ll Share His Story on Collapse of Crypto Exchange

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Former FTX.US president Brett Harrison says he’ll share what he knows about the disgraced and bankrupt exchange “in time.” Harrison answered one Twitter user asking what the FTX.US exchange president knew about what was going at FTX. Says Harrison, “I’ll share in time.”  Harrison stepped down from his position as president of FTX’s US arm in late September, a little more than a month before FTX and FTX US both suddenly collapsed and filed for bankruptcy. The former president also recently responded to another Twitter user who asked him why…

Crypto service Tap Global becomes first 2023 listing on UK stock exchange

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UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital, according to a press release on Jan. 10. The first #AQSE listing this year. Thank you to @SimonPeterHunt of The Evening Standard (@standardnews) for covering the news of our stock market debut. #TAP #RTO #PLC Full article: https://t.co/NK5Wp2VqjG — Tap Global Group Plc (@TapGlobalPlc) January 10, 2023 Tap provides fiat banking services, a crypto…

US Hedge Funds Receive Subpoenas Over Communications With Binance As Investigators Probe Crypto Exchange: Report

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Binance, the world’s largest crypto exchange, is reportedly being investigated by federal prosecutors, which has led to multiple American hedge funds being subpoenaed by the Western District of Washington in Seattle. According to a report from the Washington Post, investment firms in the US have been directed by prosecutors to hand over records of their communications with Binance. The Washington Post cites two people who reviewed the subpoenas and spoke on the condition of anonymity. Binance chief strategy officer Patrick Hillmann told Washington Post that the exchange is talking to…