Tag: Exchange

Crypto Exchange Beaxy Shuts Down in Wake of SEC Lawsuit

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Cryptocurrency exchange, Beaxy, has shut down its operations after over three of launching into the market. The exchange ceased its operations in the wake of a lawsuit from the United States Securities and Exchange (SEC) which charged the platform and its executions for operating an unregistered exchange, brokerage and clearing agency. In a statement published on its website on Tuesday, Beaxy said it was immediately suspending its services on the Beaxy Changes “due to the uncertain regulatory environment surrounding our business.” Beaxy launched its crypto trading services in June 2019…

Beaxy exchange shutters after SEC presses multiple charges against founder, execs

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Beaxy suspended operations on March 28 “due to the uncertain regulatory environment surrounding our business,” according to the cryptocurrency exchange’s blog. The suspension came a day before the United States Securities and Exchange Commission (SEC) announced it was charging Beaxy and its executives with failing to register as a national securities exchange, broker and clearing agency.  The SEC also said it was charging Beaxy founder Artak Hamazaspyan and Beaxy Digital, a company he controls, with raising $8 million through an unregistered offering of the Beaxy token (BXY) and misappropriation by…

Crypto Exchange Beaxy Shut Down After SEC Lawsuit

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Windy Inc. took over the platform in 2019 after the founder misappropriated money, according to the SEC, and managers Nicholas Murphy and Randolph Bay Abbott maintained Beaxy for trading crypto assets “that were offered and sold as securities,” the SEC said. So the agency is also accusing them of violating securities law by operating an unregistered exchange, broker and clearing agency, though the platform was described as defunct in another SEC case last year. Source

Kraken Crypto Exchange Sponsors Williams Racing F1 Team

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Williams Racing and Kraken, a popular crypto platform, announced a global partnership ahead of the Australian Grand Prix in Melbourne. This marks Kraken’s first-ever official crypto and Web3 partner of the Formula 1 (F1) team. According to a press release published on Willaims F1’s official website, throughout the rest of the 2023 FIA Formula One World Championship season, Kraken’s logo will be prominently displayed on the FW45 racing car halo and rear wing. Additionally, the branding will be featured on driver racing attire and team headwear. In addition to the…

The Emerging Perpetual Exchange on Fantom – Press release Bitcoin News

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press release PRESS RELEASE. Canada, Alberta – Cryptocurrency has become a hot topic in recent years, capturing the attention of investors and traders alike. While it has faced its fair share of controversies, it has also opened up new possibilities and transformed the financial sector. With the rise of cryptocurrency, there has been a surge in the number of exchanges that facilitate the buying and selling of digital assets; with the fall of FTX, traders have become more aware of whether their digital assets are within their own key, boosting…

Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap

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An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange. FLEX Coin (FLEX) is the native token of CoinFLEX, a crypto exchange that has recently undergone restructuring and is set to have its assets acquired by OPNX, an exchange launched by 3AC founders Su Zhu and Kyle Davies. OPNX aims to be the first crypto exchange that allows for the trading of bankruptcy claims while also providing standard…

OKX Becomes Another Crypto Exchange to Start HK Branch

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The number of big cryptocurrency brands looking to enter the Hong Kong market continues to grow. All thanks to new regulations on digital assets, which are set to take effect in June and make China’s special administrative region a crypto enclave. OKX, the second-largest exchange in the world in terms of trading volumes, has just announced plans to open a branch in HK. OKX to Apply for VASP License and Launch Hong Kong Subsidiary According to Tuesday’s press release, OKX has established a Hong Kong entity to launch virtual asset…

Horizon certified for Montreal Exchange trading

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Horizon Software, an algorithmic and electronic trading technology solution provider for global capital markets, has announced its certification on the Montreal Exchange (MX). According to Tuesday’s press release sent to Finance Magnates, the certification allows Horizon’s clients to trade exchange-traded derivatives, such as equity, index, currency options, and interest rate derivatives, on the MX platform. Horizon is now equipped to offer connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers,…

Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time

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March 27, 2023 – Victoria, Seychelles Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will enable Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation. Bitget is the first centralized exchange to leverage a decentralized data warehouse. The trustless Space and Time platform will provide Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of…