Tag: Exchange

Singapore-based Investor Temasek Gets Involved With Troubled Crypto Exchange FTX

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Claire Huang, a business writer for The Straits Times (TST), reported that a Temasek Holdings spokesperson had been speaking with FTX as of Nov. 9, 2022. Founded in 1974, Singapore’s state-owned holding firm Temasek’s assets under management (AUM) are expected to be valued around S$403 billion as of 2022. The spokesperson told Huang that they are “aware of the developments between FTX and Binance, and are engaging FTX in (their) capacity as a shareholder.” The news comes after Binance CEO Changpeng “CZ” Zhao publicly stated that his business would purchase FTX, with details…

5A Crypto Exchange: An Trustworthy and Secure Cryptocurrency Exchange for All

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[This is a Press Release] The flare-up of cryptocurrencies has risen in the last few years, and more and more people are looking for new ways to trade. Traders around the world have started to move towards crypto trading from traditional WMPs. When it comes to selecting a crypto exchange to trust, security should always be the top factor to consider. From the minute you deposit fiat currency in your exchange wallet to the moment you start trading, every step of the process has to be secure. 5A crypto exchange…

Singapore’s State Investor Temasek Is Engaging With Embattled Crypto Exchange FTX – Bitcoin News

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According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bail out the crypto trading firm. Singapore’s state investor has been known to have invested in the cryptocurrency and blockchain industry for quite some time now. Singaporean State Holding Company Temasek Helped Fuel FTX’s Series B and C Funding Rounds, Spokesperson Says Company Is Engaging With FTX On Nov. 9, 2022, The Straits Times (TST) business correspondent Claire Huang…

Crypto Exchange BitMEX To Launch New Native Token BMEX This Friday

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Cryptocurrency exchange and derivatives platform BitMEX is set to unveil its native token BMEX later this week. BitMEX says that the initial exchange offering (IEO) of the BMEX token will take place on Friday. The token will exclusively be listed on the BitMEX spot exchange before being made available for derivatives trading on the same platform. “On 11 November, 2022, we’re launching the BMEX Token exclusively for trading on BitMEX, affording our users the exclusive opportunity to participate in an IEO from an OG [original] crypto exchange. First up, at…

FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves – Bitcoin News

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On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of people, and FTX’s financial troubles caused a number of executives from well known crypto trading platforms to discuss a concept called proof-of-reserves. FTX Frontman Falls From Crypto Savior Status to Needing an Emergency Lifeline People…

Crypto Exchange Binance Raises Its SAFU Fund To $1B Amid Price Swings

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Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tension keeps increasing in the market. The fluctuations have triggered the leading crypto exchange Binance, to pursue sustainability. This new action came after the exchange announced its intent to acquire the FTX to ease its liquidity issues. The CEO of Binance, Changpeng Zhao (CZ), has actively noted the events in the Binance-FTX drama. Also, he took…