Tag: Exchange

Dubai's Commodities Exchange and Bybit Enter Advisory Partnership Focused on Web 3

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Bybit has extended its partnership with the Dubai Multi Commodities Centre (DMCC), the cryptocurrency exchange announced today (Monday). Bybit will now transition from being a key ecosystem partner to an advisory role, a move expected to catalyze further growth in Dubai’s burgeoning crypto and Web 3 sectors. Advisory Partner The newly elevated partnership, effective from August 2024 through July 2025, will allow Bybit to step into its role as DMCC’s Ecosystem and advisory partner. This expanded role involves offering guidance to the DMCC Crypto Center and its network, underpinning the…

Bitcoin Exchange Outflows Soar To Yearly High

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The recent slide in price of Bitcoin below the $60,000 threshold, followed by a subsequent drop below $50,000, might finally be showing signs of reversal, as suggested by the latest buying trends. These trends indicate a strong accumulation phase among large-scale investors, commonly known as whales, who have been capitalizing on the price dip to bolster their crypto holdings. Related Reading As such, Bitcoin addresses have collectively withdrawn over $1.7 billion worth of Bitcoin from various exchanges, marking the largest weekly outflow in more than a year.  Accumulation Trend Amongst…

Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July

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Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made after the stoppage of withdrawals last month and restore all associated account balances. “All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July 2024, 1 PM…

US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims

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A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futures Trading Commission (CFTC) says the order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement to further compensate those who fell victim to the exchange’s fraudulent scheme. In December 2022, the CFTC filed a fraud complaint against FTX, its founder Sam Bankman-Fried, and former company executives alleging that they misappropriated customer funds…

Crypto Exchange Activity Hits $845 Billion in July, Up 105% from 2023

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Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares…

Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa

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Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […] Source

FBI Issues Alert, Warns of Scammers Posing As Crypto Exchange Employees To Steal User Funds

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The U.S. Federal Bureau of Investigation (FBI) issued a warning to crypto traders last week about scammers who steal funds by posing as exchange employees. The FBI notes that these fraudsters will contact victims and pretend there are problems with their exchange accounts. The scammers, acting like exchange employees, will stress urgency, often claiming a hacker is trying to compromise the victim’s account, in a bid to convince the victim to provide personal information to “protect” their funds. The FBI encourages traders to never provide their account log-in information to…

Top US Crypto Exchange Coinbase Adds Newly Rebranded Layer-1 Token to Listing Roadmap

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Top US-based crypto exchange platform Coinbase is adding support for the native asset of a layer-1 blockchain that recently rebranded itself. In a new announcement, Coinbase says it’s adding layer-1 protocol Gravity (G), formerly known as Galxe (GAL), to its listing roadmap, which was created in 2022 as a means of increasing transparency and stifling front-running. Gravity is an interoperable smart contract platform that aims to securely and efficiently perform cross-chain transactions, according to its official website. “To meet the demands of high-throughput applications, Gravity features a cross-chain settlement protocol…

Crypto Exchange Giant Bybit Pulls Services From France Amid Regulatory Issues

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The crypto exchange giant Bybit pulled trading services from France this week due to regulatory issues. Bybit announced on Thursday that all accounts associated with French nationals and residents would shift to “close-only mode” the following day, blocking users from adding to or opening new positions. The exchange encouraged users to move their assets and funds to different accounts and noted that all remaining open positions would be liquidated on August 13th. From that point onward, French users will only be able to make withdrawals. The Autorité des Marchés Financiers,…