Tag: Exchange

FTX Fallout: Indian Crypto Exchange CoinDCX Releases Proof-of-Reserves Details

boss

Indian crypto exchange CoinDCX has released the list of its on-chain and off-chain assets as part of proof-of-reserves (PoR). Last week, it released the reserves to liabilities (R2L) ratio for the top 10 assets. In an announcement on its site, CoinDCX has promised to provide monthly updates on its R2L ratio. Indian exchanges are hit by high taxation and a stringent regulatory environment, with the beginning of the current financial in April 2022. In particular, they suffered a drop in trading volume of up to 90% since July 2022 when…

Amazon Prime Video Commissions Eight-Episode TV Series on Embattled Crypto Exchange FTX: Report

boss

An eight-episode series based on the fall of Sam Bankman-Fried and his FTX crypto exchange is reportedly in the works at Amazon Prime Video. According to Variety, the online retail giant’s streaming service has tapped Joe and Anthony Russo’s production company, AGBO, to create the series about FTX’s implosion. The brothers are best known for directing four films in the Marvel franchise and could reportedly also direct the series. David Weil, the creator of Amazon’s Hunters series, is set to write the pilot episode. According to the report, the series…

IIROC-registered Canadian crypto exchange Coinsquare suffers data breach

boss

Just a month after becoming the first Canadian crypto trading platform to get registered by the Investment Industry Regulatory Organization of Canada (IIROC), Coinsquare suffered a data breach that compromised users’ personal information.  On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. However, several days of proactive measures allowed Coinsquare to resume operations gradually. We will be re-enabling crypto deposits shortly after the maintenance window with crypto withdrawals to follow shortly after. — Coinsquare (@Coinsquare) November 22, 2022 In a follow-up…

‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange – Interview Bitcoin News

boss

Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused of defying the directive has succeeded in suffocating demand for cryptocurrencies. Africans Need ‘Access to the World of Cryptocurrency’ In contrast, Nigerians appear to have shunned the CBN’s digital currency — the e-naira. Despite the central bank’s attempts to present the e-naira as an alternative to…

10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e – Exchanges Bitcoin News

boss

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored in Dormant Wex Wallet Moves for the First Time in Five Years The unknown holder of a bitcoin wallet linked to the now-defunct Wex, once the largest cryptocurrency exchange in the Russian-speaking market, has withdrawn…

Defunct Crypto Exchange FTX and Sam Bankman-Fried Facing Fraud Investigation in Turkey

boss

Bankrupt crypto exchange FTX and its co-founder Sam Bankman-Fried could face fraud charges overseas as Turkish officials probe the former CEO. According to a new announcement by Turkey’s Financial Crimes Investigation Board, Bankman-Fried and the crypto exchange are being investigated for fraud over its recent disintegration. Bankman-Fried is accused of mishandling billions of dollars worth of customer funds by loaning them out to Alameda Research, FTX’s quantitative trading branch. “On November 14, 2022, an investigation was initiated within the framework of the duties and authorities given to our Agency in…

Crypto Exchange Bitget Introduces Brazilian Real Trading Pairs

boss

Bitget, a cryptocurrency exchange now based in Seychelles, has introduced Brazilian real (BRL) trading pairs as the first batch of its new on-ramp fiat trading pairs for spot traders on its platform. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Bitget announced on Friday that the new pairs includes USDT/BRL, ETH/BRL and BTC/BRL even as “the team is looking to roll out more fiat currency trading pairs on the plaform.” “The new…

Polynix Crypto Exchange to Suspend Support for Select Stablecoins on BSC network

boss

Poloniex has announced that it will suspend deposits and withdrawal functions for stablecoins on the BEP20 (BSC) network effective from November 24. The affected stablecoins include USDT, TUSD, USDC, and BUSD. The crypto exchange did not offer any information why it has abruptly suspended services these stablecoins. However, the deposit and withdrawal functions for other BSC-based tokens will continue. The announcement also asked users to use the ERC20 and TRC20 networks for stablecoin deposits and withdrawals. However, the exchange noted it reserves the “sole right and discretion to amend or…