Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange Source
Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange
Tag: Exchange
Crypto exchange Kraken plans move into US stock trading: Report
Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs. According to a Sept. 27 Bloomberg report, the U.S.-based exchange planned to launch its trading services in the U.S. and United Kingdom sometime in 2024 through a division called Kraken Securities. Kraken’s expansion of investment vehicles beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds. The reported move by the crypto exchange came roughly…
Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
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Ethereum-Based Altcoin Quietly Pulls Off 242% Rally This Month Amid Support from Crypto Exchange Gate.io
One altcoin project has pulled off a more than 240% rally this month and secured a listing by a leading crypto exchange platform. The Loom Network (LOOM) kicked off September trading at a low of $0.038 and 25 days later soared to a high of $0.13, a 242% percent increase. LOOM has since retraced slightly and is trading for $0.11 at time of writing. Amid the strong performance, leading global crypto exchange Gate.io announced this week it was listing LOOM for trading. The Loom Network is a multichain interoperability platform…
Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX
Tron (TRX) founder Justin Sun says he’ll offer a 5% reward if the hackers who stole nearly $8 million worth of Ethereum (ETH) from his exchange HTX decide to return the crypto. HTX is the newly rebranded name of Huobi, the Seychelles-based trading giant that Sun says he’s an advisor for. It remains unclear whether Sun has an actual ownership stake in HTX, though he’s reportedly used hundreds of millions of dollars of his personal fortune to back the exchange. Hackers hit HTX over the weekend for approximately 4,999 ETH…
6th Swiss bank joins SDX crypto exchange
Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, has become the sixth Swiss bank to join Six Digital Exchange (SDX). According to the press release from Sept. 27, Hypothekarbank Lenzburg joins Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank. All the companies are from Switzerland, and SDX’s company, Six Group, is headquartered in Zurich. Related: How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school As specified in the release, by joining the SDX’s central securities depository, Hypothekarbank Lenzburg will…
Crypto Exchange Kraken Pushes Ahead With Expansion, Obtaining Key Authorization in Ireland and Spain
One of the top US-based crypto exchanges is expanding globally into major European financial hubs. According to a new press release, Kraken Exchange has secured an E-Money Institution (EMI) registration with the Central Bank of Ireland, as well as a Virtual Asset Service Provider (VASP) registration with the Bank of Spain. Ireland’s EMI license will allow Kraken to deal with European banks. Spain’s VASP registration will allow Kraken to operate as a crypto exchange and wallet provider. Says Curtis Ting, Kraken’s vice president of global operations, Our market-leading position in liquidity…
British Man Reveals $2,100,000 Loss From Downfall of Crypto Exchange FTX: Report
One British man reportedly lost millions of dollars when the now-defunct crypto exchange FTX imploded in November. According to a new BBC report, Sunil Kavuri may have suffered the largest amount of investment losses from the FTX scandal than any other British citizen. Kavuri tells the BBC that he started worrying about his crypto investments on the FTX exchange when he got a message that withdrawals were suspended on the platform. “I was on the computer for basically 24 hours refreshing the page and trying to email the FTX support…
Liquid Staked Ether (WBETH) on Binance Sees $500M Influx After the Crypto Exchange Shuffles Assets
With 1.2 million ETH stakes, Binance is one of the largest players on Ethereum’s staking network behind Lido Finance and Coinbase, according to crypto investment firm 21Shares’ Dune dashboard. Now, WBETH represents about 765,000 of the staked assets, per data by DefiLlama. Source
Alibaba’s Cainiao Files for $1B IPO on Hong Kong Stock Exchange
The significance of this IPO is further highlighted when considering the expected global ranking of this offering. Cainiao Smart Logistics Network Ltd, the logistics unit of Alibaba Group Holding Ltd (HKG: 9988) has taken a significant step by submitting its A1 filing to the Hong Kong Stock Exchange, aiming to raise at least $1 billion in its Initial Public Offering (IPO). Alibaba to Hold Huge Stake in Cainiao Despite listing Cainiao on the Hong Kong Stock Exchange, Alibaba is set to maintain a significant stake in the logistics unit. As…