Huobi’s native token HT declined about 6% following Bankman-Fried’s tweet. Source
FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi
Tag: Exchange
Crypto Exchange Giant Binance Restricts $1,000,000 Corporate Account, Cites Law Enforcement Request
The world’s largest crypto exchange by trading volume is restricting a corporate account with over $1 million in virtual assets due to a request by law enforcement. Digital assets exchange giant Binance says that it has locked the account of a Tezos (XTZ) tools contributor that contained $1 million worth of crypto assets. Furthermore, Binance says the tools developer, known as BakingBad, is attempting to “mislead” the broader crypto community by blaming the crypto exchange for the shut down. “The account in question was restricted as the result of a…
Ilies Larbi’s Crypto Exchange Ouinex Seeks €1M in Pre-ICO Round
Ouinex, the cryptocurrency exchange launched by FX industry veteran Ilies Larbi, informed Finance Magnates that it is aiming to secure €1 million in its pre-initial coin officer (pre-ICO) funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B…
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering – Regulation Bitcoin News
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of two other crypto firms, Wazirx and Vauld. Coinswitch Kuber Next on ED’s List The Enforcement Directorate (ED), the law enforcement and economic intelligence agency of the government of India, carried out searches at five locations linked to popular crypto trading platform Coinswitch Kuber Thursday. The cryptocurrency trading platform…
Top Crypto Exchange Coinbase Adds Decentralized Public Network Altcoin to Its Listing Roadmap
Top US crypto exchange platform Coinbase added another altcoin to its listing roadmap, which puts the token on the path toward being listed on its burgeoning roster of tradable digtal assets. Ethereum (ETH) rival and smart contract platform Hedera (HBAR), which is tailored for security and regulatory compliance, could potentially start trading on the exchange. According to the project’s website, HBAR holders can use the token to pay for network fees or use it for staking. HBAR is priced at $0.063 at time of writing. The 41st-ranked crypto asset by…
CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating'
Twice in the Twitter thread, CoinSwitch Kuber CEO Ashish Singhal sought to clarify that the “engagement with the ED” is not about money laundering. CoinDesk has reported the searches have been in connection with India’s Foreign Exchange Management Act (FEMA). Source
Tech Giant Samsung Planning Launch of Its Own Crypto Exchange: Report
The investment arm of South Korean tech giant Samsung is reportedly looking to launch a crypto exchange platform along with several other prominent securities firms. According to local media outlet Newspim, Samsung Securities attempted to headhunt for individuals who can take charge of a crypto trading platform and develop blockchain smart contracts last year. The investment firm failed to find people to fill in the positions, but is reportedly conducting studies on how to venture into the crypto assets exchange business. The report says that Samsung Securities and six other…
Report Claims Russia and Iran Plan to Establish a Global Gas Cartel, Moscow to Launch Its Own Precious Metals Exchange – Economics Bitcoin News
Following Russian president Vladimir Putin’s statements at the end of June that indicated members of the BRICS nations have formalized plans to create a new “international reserve currency,” Russia is reportedly building the foundations of a global gas cartel with Iran. Financial journalist and best-selling author Simon Watkins claims the “alliance aims to control as much of the two key elements in the global supply matrix as possible.” At the same time, Russia intends to create a precious metals exchange called the Moscow World Standard (MWS). US Dollar and Ruble…
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
Zipmex is one of many crypto companies that withered as the market slid earlier this year. Bitcoin fell from $69,000 to $17,000 in six months, bankrupting lenders like Celsius Network and Voyager Digital while Singapore-based hedge fund Three Arrows Capital imploded. Zipmex loaned $48 million to Babel Finance, also a crypto lender, and $5 million to Celsius, none of which has been repaid. Source
Indian Agency Raids Crypto Exchange CoinSwitch Kuber for FX Law Violations
Indian anti-money laundering agency, Enforcement Directorate (ED), raided the premises of CoinSwitch Kuber, one of the largest local cryptocurrency exchanges, under the suspension of forex law violations. 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 agency searched five premises linked to the crypto exchange, including office facilities and residences of directors and the CEO. CoinSwitch allegedly violated the Foreign Exchange Management Act (FEMA) with the acquisition of shares of over 20…