Tag: Exchange

US Sanctions Russia’s Crypto Exchange, Executives Over $100 Million in Illicit Transactions

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The US Treasury Department has re-designated Moscow-based cryptocurrency exchange Garantex and sanctioned its successor, Grinex, along with three executives and six associated companies in Russia and the Kyrgyz Republic. Officials say Garantex processed more than $100 million in illicit transactions since 2019, including funds tied to ransomware attacks and darknet markets. “Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion. Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks…

Shiba Inu Exchange Supply Drop Hints SHIB Price Rally Ahead

Key Notes SHIB price broke out of a symmetrical triangle after a 10% weekly gain, signaling potential bullish momentum. Exchange balances dropped nearly 1% in two weeks, reducing selling pressure. Rising Spent Coins Age Bands suggest possible profit-taking and risk of a price correction. After a 10% weekly upside, the Shiba Inu SHIB $0.000013 24h volatility: 4.2% Market cap: $7.75 B Vol. 24h: $412.98 M price rally has stalled. However, the falling SHIB exchange supply could serve as a catalyst moving forward. SHIB has been an underperformer in the recent…

Vietnam’s MB Bank and UpBit’s parent Build Crypto Exchange

Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from Dunamu, the company has signed a memorandum of understanding with Military Bank. In a Facebook post, Military Bank said Dunamu will support it building a cryptocurrency exchange in Vietnam with its technology. “MB and Upbit will be trusted partners, working together to promote Vietnam’s digital financial market,” Military Bank Chairman Luu Trung Thai said. Military Bank is a…

Crypto Exchange Bullish Valued at $13.2 Billion After NYSE Debut, Outperforms eToro

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Cryptocurrency exchange Bullish made a stunning Wall Street debut yesterday (Wednesday), with shares more than doubling to give the company a nearly $13.2 billion valuation and mint two new crypto billionaires in the process. The company’s stock opened at $90 and climbed as high as $118 before settling at $68 – an 84% gain from its $37 IPO price. The debut marked one of the year’s most successful public offerings and signals growing mainstream acceptance of digital assets. Bullish raised $1.1 billion in the offering after pricing shares above its…

Nordic Exchange Safello Taps Bitgo to Strengthen Crypto Asset Custody Infrastructure

Safello has announced an agreement with Bitgo Europe GmbH to enhance its crypto custody infrastructure. This partnership will integrate Bitgo’s advanced custody solutions into Safello’s existing setup, utilizing a three-key multi-signature cold storage architecture combined with Multi-Party Computation with a Threshold Signature Scheme (MPC-TSS). This technology eliminates single points of failure by ensuring that private […] Source CryptoX Portal

Mantra Chain Onboards Binance Exchange as Active Validator

Key Notes Mantra Chain announced that Binance is now a validator on its RWA mainnet. Binance brings on board a major experience that could help decentralize Mantra’s governance process. Binance recently launched RWUSD, a sign of its deep RWA positioning. Mantra Chain, a real-world asset (RWA) and tokenization-based Layer-1 blockchain, recently announced that it is now in collaboration with Binance. Precisely, the top cryptocurrency exchange joined MANTRA’s mainnet as a validator. This development marks a win for both entities as it is an expansion of their existing services. Mantra Chain…

Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply

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Ethereum (ETH) has surged above the $4,000 mark for the first time since last December, signaling a strong return of bullish momentum. After several days of heightened volatility and market uncertainty, buyers have regained control, pushing prices to levels not seen in months. The breakout reflects a combination of improving market sentiment, robust fundamentals, and growing institutional interest in the leading smart contract platform. Related Reading On-chain data from CryptoQuant adds further fuel to the bullish narrative, showing that ETH exchange reserves continue to decline steadily. This trend suggests that…

Crpyto Exchange Binance Said to Adds Spanish Bank BBVA for Off-Exchange Custody: FT

Binance, the largest cryptocurrency exchange by volume traded, enlisted Spain’s third-largest bank, BBVA, to provide custody services as it looks to improve protection for customers by isolating their assets from any disruption that might occur to the trading platform, the Financial Times reported. The custody arrangement separates trading activities from the funds backing the transactions by parking client assets in U.S. Treasuries held by BBVA. Binance then accepts the Treasuries as margin for trading, the FT said, citing people familiar with the process. If Binance were to fail, funds would…