“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” the exchange announced on Twitter. Source
Singapore-based cryptocurrency exchange, Zipmex suspended withdrawals from its platforms on Wednesday, citing a “combination of circumstances” that were beyond its control. 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. In a Tweet by the crypto exchange, it highlighted volatile market conditions and the “resulting financial difficulties of our key business partners” that have pushed it to take such drastic action. Though the exchange did not provide further details about the move, it…
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…
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…
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…
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…
“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
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…
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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…