Tag: Exchange

Bitcoin exchange outflows surge as ‘not your keys, not your crypto’ comes back into fashion

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Bear markets in cryptocurrency are known to be painful, but the month of June was especially trying for the crypto faithful as a confluence of factors resulted in the price of Bitcoin (BTC) falling 37.9%, its worst monthly performance since 2011. Bitcoin monthly performance. Source: Glassnode. As a result of the continued widespread weakness, a majority of the so-called Bitcoin “tourists” have now exited the space, leaving only the most dedicated holders remaining, according to blockchain analytics firm Glassnode. Despite Bitcoin’s ongoing struggles and the fact that crypto traders are…

Exchange de criptomonedas Bullish.com recorta 10% de su fuerza laboral

El exchange iba a volverse público a través de un acuerdo de compañía con un propósito especial de compra (SPAC, por sus siglas en inglés) con Far Peak Acquisition (FPAC). Gracias a la turbulencia general del mercado, particularmente en las áreas SPAC y cripto, el acuerdo ha enfrentado demoras, y ambas partes acordaron la semana pasada pasar la fecha de terminación del 8 de julio al 31 de diciembre. Source

Moscow Exchange Posts Monthly Recovery in June FX Trading Demand

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Moscow Exchange (MOEX) has published the trading metrics on the platform for June 2022, reporting a significant dip. The total trading volume across markets came in at RUB 73.5 trillion, which is down by 6 percent from the previous month and almost 10 percent from the same month of the previous year. 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. Demand for forex instruments recovered month-over-month as the total trading volume came…

KuCoin CEO Addresses FUD, Says Crypto Exchange Has Zero Plans To Halt Withdrawals

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The chief executive officer of crypto exchange KuCoin is addressing the fear and uncertainty surrounding the platform and says that the company has no plans to halt its withdrawal services. KuCoin CEO Johnny Lyu dispels rumors that KuCoin is in dire financial straits due to the firm’s alleged exposure to embattled crypto projects such as hedge fund Three Arrows Capital (3AC). “Not sure who’s spreading these sheer rumors, and what their intentions are, but KuCoin does not have any exposure to LUNA, 3AC, Babel, etc. No ‘immense suffer’ from any…

KuCoin CEO Debunks Rumor that the Exchange Has Only 300 Bitcoin, States On-Chain Tools Can’t Track Unlabeled Exchange Wallets

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Summary: KuCoin CEO, Johnny Lyu, has debunked another rumor that the exchange only has 300 Bitcoin in its wallets. According to Mr. Lyu, popular tracking tools cannot identify exchange addresses because many are not labeled. He was responding to another tweet that showed that KuCoin had over 16,000 Bitcoin in its wallets. KuCoin CEO, Johnny Lyu, has debunked another rumor that the crypto exchange has only 300 Bitcoin in its wallets. According to Mr. Lyu, the on-chain tracking tools currently available cannot rack all exchange wallets since they are not…

Singapore crypto exchange freezes withdrawals

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Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on the crypto bank, the group intends to “apply to the Singapore courts for a moratorium,” as Vauld customers have tried to withdraw an “excess of a $197.7 million since 12 June 2022.” The decision to suspend withdrawals is a screeching U-turn. Reportedly, Vauld boasted $1 billion assets under management in May this year,…

Crypto Exchange Voyager Halts Trading, Deposits and Withdrawals, Citing Debt Failure From Three Arrows Capital

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Crypto exchange platform Voyager Digital is announcing a halt on all trades, deposits and withdrawals after one prominent borrower failed to repay its debt. Voyager CEO Stephen Ehrlich says that the crypto exchange had to stop trading activities due to the failure of an embattled digital asset hedge fund to pay back a “substantial” loan. “Today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. We have taken steps to avoid this outcome – including securing a credit facility from Alameda and lowering daily withdrawal…

SIX Swiss Exchange Reports Trading Turnover of CHF 97.8 Billion in June

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Yesterday, the SIX Swiss Exchange posted its trading metrics for June 2022. During the mentioned period, the platform witnessed a dip in trading turnover as the number reached CHF 97.8 billion, which is 10.7% lower compared to the prior month. 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 total number of trades stood at 4,919,123, down by almost 10.6% compared to May 2022. According to the details published by the SIX…

Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela – Emerging Markets Bitcoin News

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Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers between banks in the country. Coincoinx to Ease Crypto Payments in Venezuela While cryptocurrency is slowly going mainstream, becoming more popular in many locations around the world, there are still many retailers and…