Tag: Exchange

Sam Bankman-Fried Says Crypto Exchange FTX Will Dole Out One-Time $6,000,000 Reimbursement to Phishing Victims

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Billionaire Sam Bankman-Fried says crypto derivatives exchange FTX will dole out $6 million to reimburse users who were impacted by a phishing scam involving a separate company. Users of 3Commas, a crypto trading platform that offers trading bots and interfaces with major exchanges, were targeted by a phishing attack last week. According to a blog post by 3Commas, the bad actors used fake websites designed to resemble the firm’s authentic platform in an effort to steal the application programming interface (API) keys of a partner exchange. With access to API…

New to Crypto? Make Sure You Use an Exchange with Support and Education

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The crypto market is still in its infancy, and many new users are eager to get involved with this exciting new asset class. However, the industry grows and becomes more mainstream. Therefore, there will be an increased need for people with knowledge of how cryptocurrencies work and how they can use them safely. Start at The Beginning Newer customers must understand what they’re getting into before using crypto exchanges. There are many ways to lose money quickly if you don’t know what you’re doing, and a misunderstanding of how cryptocurrencies…

Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb

Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale. According to reports, Lee Jung-hoon, the de facto owner of the South Korean bitcoin exchange Bithumb, is now facing an 8-year jail sentence. The owner who is also a former chairman of Bithumb Holdings is accused of committing a large-scale fraud worth around 100 billion won ($70 million). Lee was indicted by South Korean prosecutors in July 2021 on charges of fraud under the Act on…

Tel Aviv Stock Exchange to Launch a Crypto Trading Platform

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The Tel Aviv Stock Exchange (TASE) has published its five-year strategic plan between 2023 and 2027, aiming to develop a blockchain-based platform for facilitating cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto…

Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana – Emerging Markets Bitcoin News

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Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto exchange to bolster its operations on the continent. Working With Regulators The Africa-focused cryptocurrency exchange platform, Yellow Card, recently revealed it had received a virtual asset service provider (VASP) license to operate in Botswana. The licence, which was issued by Non-Bank Financial Institutions Regulatory Authority (NBFIRA), makes Yellow Card the first crypto…

Israel’s Stock Exchange Unveils Plan to Create Digital Asset Platform and Venture Into Crypto – Exchanges Bitcoin News

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The Tel-Aviv Stock Exchange, the only public stock exchange in Israel, has announced that it is entering the crypto space and creating a platform for digital assets. “The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets,” said the CEO of the Tel-Aviv Stock Exchange. Tel-Aviv Stock Exchange Entering Crypto Space The Tel-Aviv Stock Exchange (TASE: TASE), the only public stock exchange in Israel, announced Monday its new strategic plan for the years 2023-2027.…

Cardano (ADA) Could Soon Be Listed on Crypto Exchange FTX, According to CEO Sam Bankman-Fried

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Crypto exchange FTX founder Sam Bankman-Fried says he’s willing to bet that smart contract platform Cardano (ADA) will be listed on his platform soon. In response to a Twitter user claiming FTX is avoiding listing ADA, Bankman-Fried pointed out that ADA perpetual futures contracts are already available on the platform. “Definitely not the case! we have [ADA-Perp] listed internationally; adding spot ADA too is on our roadmap” Bankman-Fried also hinted that ADA’s absence from the exchange is more logistical than anything else, saying that FTX is still looking to secure sufficient…

Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit – Defi Bitcoin News

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On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due to mistakes, flash loans, faulty smart contracts, and unchecked lines of code. On October 24, Quickswap explained that the Market XYZ lending market was compromised for $220,000. “Quickswap Lend is closing,” the team’s Twitter account…