Tag: Exchange

FTX debacle sees Nansen take stock of major exchange onchain holdings

boss

The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management. Major cryptocurrency exchanges like Binance, Huobi, OKX and Crypto.com have made efforts to share details of their assets and portfolios to assuage the wider space. This comes after investor confidence has been shaken, with users across the ecosystem moving Bitcoin (BTC) and other tokens off exchanges to avoid potential contagion from the FTX fallout. Blockchain analytics platform Nansen provides industry insights and is known for…

Mid-Cap Altcoin Soars 189% in One Week Amid Intense Scrutiny of Crypto Exchange Reserves

boss

The collapse of FTX and the subsequent skepticism of crypto exchange reserves is sparking huge rallies for mid-cap altcoin Trust Wallet Token (TWT). Trust Wallet is a non-custodial app that allows users to have full control over their crypto assets, as opposed to leaving them on a centralized exchange where the platform technically holds the keys to assets. Users of Trust Wallet can also stake their crypto assets, access certain decentralized applications and exchange coins. After it was revealed that FTX had ten times more liabilities than liquid assets on…

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves – Exchanges Bitcoin News

boss

Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to boost users’ confidence in the exchange as well as to improve transparency. Huobi’s ‘Inexhaustive Overview’ The Seychelles-based cryptocurrency exchange, Huobi, became the latest digital asset exchange to attempt to assuage users’ anxieties when it unveiled its so-called “proof of reserves” on Nov. 12. As shown in Huobi’s “inexhaustive overview” of…

Visa Terminates Agreements With Bankrupt Crypto Exchange FTX – News Bitcoin News

boss

Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends Agreements With FTX Visa Inc., the world’s leading payments processor, reportedly said Sunday that it has ended global agreements with bankrupt crypto exchange FTX. A Visa spokesperson told Reuters: We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer. “The situation with…

Gate.io Targets New Crypto Exchange GateTR at Turkey’s Crypto Market

boss

Gate.io, a cryptocurrency trading company, is set to launch a new cryptocurrency exchange, GateTR, tailored to Turkey’s cryptocurrency market. The new platform was developed by the firm’s team over the last six months, Gate.io said. 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. The Gate.io Founder and CEO, Dr Lin Han, will announce the new venture at the Istanbul Blockchain Week, the firm announced on Monday, noting that it will kick off…

Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…