Tag: Exchange

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…

Crypto Exchange Binance Faces Fine From Dutch Central Bank for Allegedly Operating in Country Without Permission

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The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category.  This means that the administrative fine has a basic amount of EUR 2,000,000, a minimum amount of EUR 0 and a maximum amount of EUR 4,000,000.” The Dutch central bank is fining Binance 3.3 million…

Crypto exchange Binance fined by Dutch central bank

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The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands without registration. The penalty came after an August 2021 warning from De Nederlandsche Bank (DNB) last year that Binance had offered crypto services in the country without authorization. The company was dealt a category 3…

Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’

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A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio.  The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances.  “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…

Crypto Exchange Coinbase Adds Two Ethereum-Based Altcoins and One Project Built on Solana to Listing Roadmap

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Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap. Coinbase’s listing roadmap is a set of crypto projects that are on the path of possibly joining the exchange’s roster of supported assets. In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), a protocol designed as a decentralized prediction market built on the Ethereum (ETH) blockchain. GNO is used for transferring value and validating transactions on the network GNO reacted to the Coinbase news by rallying over…

India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework – Regulation Bitcoin News

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India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange of Information India’s finance minister, Nirmala Sitharaman, talked about cryptocurrency Friday during the G20 Ministerial Symposium on Tax and Development in Bali, Indonesia. Noting that “tax transparency” is an area where “considerable progress has been made with the Automatic Exchange of Information in respect of financial accounts,” she described: “Our…

New Robinhood Listing Spurs Gains for Ethereum-Based Decentralized Exchange Crypto Project

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Robinhood is expanding its crypto offerings by adding support for the native asset of decentralized crypto exchange Uniswap (UNI). This week, the trading giant added support for Uniswap, which is valued at $6.79 at time of writing, up nearly 13% in the past seven days, outpacing a stagnant crypto market. Robinhood crypto also offers services for Bitcoin (BTC), Chainlink (LINK), Dogecoin (DOGE), Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Solana (SOL) and other major crypto projects. In May, the trading company announced it was launching a new non-custodial crypto and…