Tag: Exchange

Introducing User-Centric BKEX Exchange – Press release Bitcoin News

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press release PRESS RELEASE. BKEX (Chinese name: 币客) is a global cryptocurrency exchange that offers trading services for over 1,000 cryptocurrencies (such as Bitcoin, Ethereum, etc.). BKEX, founded in 2018 in the British Virgin Islands, is considered to be the best cryptocurrency exchange in terms of service. Its core philosophy is user-first and user-centric. Basic Information Chinese name: 币客English name: BKEXEstablishment time: 2018Established in: British Virgin IslandsFounder: JMWebsite: www.bkex.com平台代币:BKKPlatform Token:BKKSlogan: Make cryptocurrency circulation more valuableBusiness scope: Blockchain digital asset transaction Cryptocurrency transaction BKEX acquired more than 8 million users since…

Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs – Exchanges Bitcoin News

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Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its staff less than two months ago. Gemini Lays Off More Staff Gemini, a regulated, U.S.-based cryptocurrency exchange founded by the Winklevoss twins, is reducing the size of its workforce, according to sources. While the exchange did not make…

Hedge Fund Veteran Anthony Scaramucci Halts Redemptions for Fund Exposed to Crypto Exchange FTX and Bitcoin

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SkyBridge Capital founder Anthony Scaramucci is responding to concerns about the firm temporarily halting withdrawals on one of its investment funds that has exposure to crypto. In a new interview on CNBC’s Squawk Box, the investing veteran explains the reasoning behind pausing client redemptions in Legion Strategies fund while allaying fears of potential liquidation. “Our board made a decision to temporarily suspend until we can raise capital inside the fund and make sure when people get out, they get out orderly and we keep the fund’s portfolio composition more or…

Bitcoin Whale Exchange Inflows Still At Highest Ever Level, Will Recovery To $22k Be Lost?

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On-chain data shows Bitcoin whale inflows to exchanges have remained at highest ever levels recently, suggesting that the latest recovery above $22k may not last too long. Bitcoin Top 10 Exchange Inflows Have Been Elevated In Recent Days As pointed out by an analyst in a CryptoQuant post, the current whale deposits to exchanges are at their highest value in the history of the crypto. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin currently entering into wallets of all centralized exchanges. The sum of…

Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy

“Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in light of Three Arrows’ conduct it is likely that Three Arrows will seek to dissipate such shares without legal intervention,” a lawyer for Genesis Asia Pacific wrote in one of the documents. Source

Exchange operator Cboe is a buy as recession chances rise, Morgan Stanley says

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As the risk of a recession continues to rise, Morgan Stanley believes it’s time to buy exchange operator Cboe Global Markets . Analyst Michael Cyprys double upgraded the stock from an underweight rating to overweight, saying in a note to clients Tuesday that at this time, the bank favors defensive exchanges and brokers that benefit from rising rates and increased volatility. “In a less certain macro environment with rising probability of a recession, CBOE’s transaction-heavy business model (70% of revenues) offers potential for growth and the greatest chance for upward…

Cryptocurrency Exchange Crypto.com Expands to Italy

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What happens to my funds if a crypto exchange goes bankrupt?

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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending firms Celsius and Voyager Digital filed for bankruptcy this month, leaving users’ assets trapped inside their platforms. Both firms froze client accounts after an influx of withdrawals led to liquidity issues. Celsius operated much like…

Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations – Regulation Bitcoin News

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The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), revealed Monday that it has fined Binance Holdings Ltd. for offering crypto services without registration as required by law. The administrative fine of 3.325 million euros ($3.4 million) was imposed on the cryptocurrency exchange on…