Exchange Archives

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News

November 19, 2022 boss

Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states. Major Canadian Pension Plan Writes Down FTX Investment Ontario Teachers’ Pension Plan (OTPP), Canada’s third largest pension fund, issued a statement Thursday regarding its investment in the collapsed cryptocurrency exchange FTX. The OTPP, which currently has about C$243 billion ($182 billion) in net assets, invests for 333,000…

Top US Crypto Exchange Coinbase Rolls Out Trading Services for Under-the-Radar Ethereum-Based Altcoin

November 18, 2022 boss

Top US crypto exchange Coinbase is rolling out trading services for yet another Ethereum (ETH)-based altcoin. The exchange’s customers can now buy and sell Lido DAO (LDO), a staking service for Ethereum and other blockchain projects, on the platform. LDO aims to allow users to stake ETH without locking assets or maintaining infrastructure. When staking on the platform, users receive Staked Ether (stETH) on a 1:1 basis representing their staked ETH, and stETH balances can be used like regular ETH to earn yield or rewards. LDO is trading at $1.24…

Pension Giant Ontario Teachers’ Plans to Write Off All $95 Million Invested in Crypto Exchange FTX

November 18, 2022

“The financial loss from this investment will have limited impact on the Plan, given its size relative to our total net assets and our strong financial position,” said Ontario Teachers’. “However, we are disappointed with the outcome of this investment, take all losses seriously and will use this experience to further strengthen our approach.” Source

Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath

November 18, 2022 boss

”The analyst team sees three potential headwinds: Dampened trading activity thanks to weaker confidence in crypto, delayed regulatory clarity and the possibility that contagion leads to an even wider fallout for the industry,” analysts from Bank of America wrote. Source

Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks ‘Ongoing’

November 18, 2022

As it attempts to steer the rescue deal over the line, Zipmex applied for an extension of its moratorium in Singapore, until April 2023, according to a statement on Friday. Moratorium is a form of protection that prevents creditors from making claims. Source

FTX Acted Like ‘Most Regulated’ Crypto Exchange with Acquisition Deals

November 18, 2022 boss

Crypto exchange FTX, before it collapsed last week and filed for bankruptcy protection, used a strategy to appear as the “most regulated crypto platform” by stake-picking in companies. But the plan misfired and attracted hard scrutiny from authorities, according to media reports. FTX spent nearly $2 billion on “acquisitions for regulatory purposes,” per a September 19 meeting minutes. In 2021, it bought out LedgerX LLC, a futures exchange, and grabbed three Commodity Futures Trading Commission (CFTC) licenses in one stroke. Reuters in a report said scrutiny of TTX documents revealed…

Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report

November 18, 2022

CryptoX – Cryptocurrency Analysis and News Portal Faruk Fatih Öze, the founder of Thodex, one of Turkey’s largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday. Original Source The post Turkish Crypto Exchange Founder Faruk to Be Extradited to Turkey to Face Charges of Fraud and Founding a Criminal Organization: Report appeared first on CryptoX. CryptoX Portal

Next-Generation Cryptocurrency Exchange Officially Launches – Press release Bitcoin News

November 18, 2022 boss

press release PRESS RELEASE. Seychelles, November 18, 2022 – Bitflex Ltd. (“Bitflex,” “we” or “our”), a blockchain technology company in the global market, today has just announced the official launch of its cryptocurrency exchange. The launch follows an extremely successful beta period, which saw its user base grow by over 1,000%. The Bitflex platform offers an aesthetically pleasing interface built-in with news, notifications, and charting tools to create a superior environment for users to make the most educated trades. The trading platform versions are immediately available for Windows, iOS, and…

Whales Scoop Up One Ethereum-Based Altcoin While Dumping FTX and Crypto.com Exchange Tokens: Santiment

November 18, 2022 boss

Crypto analytics firm Santiment says that exchange tokens recorded some of the largest price declines after the collapse of the FTX trading platform. Santiment says that amid the FTX debacle, crypto whales either dumped or bought the FTX (FTT), Huobi Global (HT) and Crypto.com (CRO) exchange tokens. According to Santiment, in 10 days crypto whales sold off over 30% of their FTT holdings and 0.4% of their Crypto.com holdings. In the case of Huobi Global, Santiment says that the crypto whales increased their holdings by over 17% over the same…

5A Crypto Exchange Recruiting Global Affiliate Partners to Expand Global Crypto Market

November 18, 2022 boss

Leading crypto trading platform 5A exchange recently updated its in-house affiliate program and is now offering up to 85% of its trading fee profit to global affiliate partners. 5A welcomes everyone who is interested in building their career in the crypto industry. The affiliate program is open to everyone, regardless of background and occupation. 5A’s affiliate program aims to promote a long term collaboration between the brand and affiliates, offering collaborators an attractive and robust platform to introduce customers to 5A’s award winning crypto trading platform. The affiliate program offers…