Tag: Exchange

Arkham on-chain ‘Intel Exchange’ labeled ‘snitch-to-earn’ by Crypto Twitter

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Arkham, a “blockchain intelligence company,” announced what it’s calling the “world’s first on-chain intelligence exchange” on July 10 alongside the launch of a new coin, ARKM, through Binance’s Launchpad service. Crypto Twitter has had a predictably split response to the announcement, with negative sentiment surrounding Arkham’s purported mission to “deanonymize the blockchain” causing some ire. Chief among the complaints, many of which describe the company’s Intel Exchange as a “snitch-to-earn” or “snitching-as-a-service” program, involves Arkham’s perceived role as a centralized intelligence agency. Fuck this. It’s not even the snitch-to-earn component…

Coinbase shares up 50% since the SEC sued the exchange

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Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently. Coinbase (COIN) stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities. According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly…

US-Based Crypto Exchange Gemini Sues Genesis Parent Company DCG Over Gemini Earn Dispute

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Crypto exchange Gemini is suing the parent company of bankrupt crypto broker Genesis over the Gemini Earn program, claiming that top executives of the lender mislead creditors. According to a new report from Reuters, the US-based exchange is suing Digital Currency Group (DCG). Additionally, in a lengthy thread, Gemini co-founder Cameron Winklevoss says that the crypto exchange has filed a lawsuit against DCG and its chief executive, Barry Silbert, for allegedly personally masterminding a fraud scheme against creditors. According to Winklevoss, after Gemini decided to end the Earn program, Silbert…

Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That’s Up 110% This Month

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A soaring altcoin project built on Ethereum (ETH) is picking up support from Binance, the world’s largest crypto exchange by volume. Binance recently announced the listing of Pendle (PENDLE) in their Innovation Zone. The platform allows for spot trading pairs with Bitcoin (BTC), PENDLE/BTC, Tether (USDT), PENDLE/USDT, and TrueUSD (TUSD), PENDLE/TUSD. Binance’s Innovation Zone is a dedicated trading space for crypto assets that could be more prone to rapid price swings. Pendle is a tokenized decentralized finance (DeFi) yield-trading protocol that enables investors to purchase assets at a discount and…

Top Binance Execs Leave Crypto Exchange Over Changpeng “CZ” Zhao’s Handling of DOJ Investigation: Fortune

Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that have resigned, a source familiar with the matter told Fortune. In addition, Binance’s Global Vice President of Marketing and Communications Steve Milton left the company in June, according to his LinkedIn profile. Their departure follows Senior Director of Investigations Matthew Price’s recent decision to part ways with the exchange. Source

Binance refers users to Coinmerce as exchange exits the Netherlands

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Global cryptocurrency exchange Binance has reached an agreement with Coinmerce to refer its users as the firm winds down operations in the Netherlands. In a July 6 blog post, Dutch crypto exchange Coinmerce said “hundreds of thousands” of users based in the Netherlands would be referred from Binance, giving them the choice of transferring their digital assets to the platform for free. Binance announced in June that it would be largely halting its services for Dutch users on July 17, citing a failure to obtain a virtual asset service provider…

dYdX exchange launches testnet for ‘fully decentralized’ version 4

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Crypto exchange dYdX has launched a public testnet of its “v4” iteration, according to a July 5 announcement from the exchange’s development team. This marks the completion of “milestone 4” out of five, paving the way for a future v4 mainnet launch. Once implemented on mainnet, v4 is expected to allow for “full decentralization” of the exchange. v4 Testnet is officially live https://t.co/TD5caN6VSQ Here are all the links you may need for easy access! Public Testnet: https://t.co/BZ57SvuXNvTestnet Status Page: https://t.co/7vkrGZs9fxv4 Documentation: https://t.co/tKTUWacKld Feedback and Block Explorer links — dYdX (@dYdX)…

BitgetX joins HKVAC as it aims for exchange license in Hong Kong

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According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies.  Launched on May 31 with Huobi as its inaugural member, the HKVAC will produce two indices. The Cryptocurrency Large Market Cap Index will be based on the 30 highest capitalized cryptocurrencies according to a seven-day median, with other criteria and quarterly rebalancing. There will also be a Cryptocurrency Risk Rating Based Index in the future. Fiona Fan, founding…