The now-bankrupt crypto lender Voyager Digital acquired the exchange for $84 million in stocks and cash last August. Source
Crypto Exchange Coinify Obtains Regulatory Approval to Operate in Italy
Tag: Exchange
Blockchain Services Firm Eqonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume
“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Eqonex CEO Jonathan Farnell told CoinDesk via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas that will accelerate our growth.” Source
Blockchain Services Firm Equonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume
“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Equonex CEO Jonathan Farnell told CryptoX via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas that will accelerate our growth.” Source BlockchainCitingClosesCryptoDwindlingEquonexExchangeFirmServicesVolatilityVolume CryptoX Portal
EQONEX Announces Plan to Exit Crypto Exchange Space
Nasdaq-listed EQONEX today announced that the company is planning to exit the ‘crowded’ crypto exchange space. EQONEX is shutting down the exchange to focus on other key business segments. 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. According to an official announcement shared by the company, EQONEX aims to focus on asset management and custody. The Nasdaq-listed firm noted that the closure of the exchange will improve its financial position and free…
Zipmex Crypto Exchange Gets Over 3 Months Creditor Protection in Singapore: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence – Bitcoin News
Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges. Alexander Vinnik Remains in California Prison, Russian Embassy Offers Help Authorities in the United States have effectively denied release on bail for the IT specialist Alexander Vinnik, Russian media reported, quoting his record on the website of the Santa…
Founder of Crypto Exchange Giant Huobi in Talks To Sell His Shares for Over $1,000,000,000: Report
The founder of crypto exchange platform Huobi is reportedly looking to sell his shares of the Seychelles-based firm for a over billion dollars. According to a new report by Bloomberg, Huobi founder Leon Li is in talks with investors to sell about 60% of his stake in the company that’s seeking a valuation of $3 billion. According to the report, the sale of Li’s shares could amount to as low as $1 billion if Huobi is valued at the low-end of the range at $2 billion. Anonymous sources familiar with…
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack – Bitcoin News
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS Cache Poisoning Four days ago, the crypto community was made aware that the Curve Finance front end was exploited. Curve fixed the situation but $570 million was removed from the defi protocol. The attackers, however,…
Philippines’ Unionbank to Support Cryptocurrency Exchange via Mobile App – Finance Bitcoin News
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet. Unionbank to Add In-app Crypto Exchange Feature, Reportedly a First in the Philippines The Union Bank of the Philippines (Unionbank) is working to become the first universal bank in the country to facilitate cryptocurrency exchange within its mobile application. Users will be able to buy…
Embattled Crypto Futures Exchange Files for Restructuring Amid Ongoing Legal Battle
Crypto futures exchange CoinFLEX is reportedly seeking court approval for a restructuring plan as it faces financial trouble following a substantial default by one of its customers. Citing an email sent to CoinFLEX creditors on August 9th, Fortune reports that the embattled firm filed to the Seychelles Supreme Court an application for the reorganization and restructuring of the company. CoinFLEX issues the notice in compliance with a court order and as prescribed by the IBC Act, Seychelles’ law governing international business companies (IBCs). “Notice is given to the creditors of…