Tag: Exchange

Bankrupt Crypto Exchange FTX To Shell Out $5,400,000,000 to Creditors at the End of the Month

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The bankrupt crypto exchange FTX plans to shell out $5.4 billion in a wave of payments to creditors at the end of the month. Eligible creditors will receive funds via BitGo or Kraken within 1-3 business days from May 30th, per a new press release from the exchange. FTX will make payouts from its $11.4 billion cash reserves, and the exchange says subsequent payouts will be announced at a later date. The bankrupt firm classifies its main creditors as individuals and institutions with millions of dollars stashed in the platform…

Webull Pay Joins Forces With Leading US-Based Exchange Coinbase To Power Crypto Services

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A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services. In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase’s Crypto-as-a-Service (CAAS) platform. Says Coinbase, “As Webull Pay’s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase will provide Webull Pay access to tight spreads, deep liquidity, secure infrastructure, and crypto products with the potential to earn income – all using the same technology trusted by…

Crypto Exchange CEO’s Daughter and Grandson Narrowly Escape Kidnap Attempt by Armed Gang in France: Report

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Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene. But the woman, the daughter of France-based crypto exchange platform Paymium CEO and…

Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors?

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On-chain data shows the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently. Here’s what it could mean for the asset’s price. Bitcoin Exchange Stablecoins Ratio Has Broken Above 5 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has registered an increase alongside the latest rally in the cryptocurrency’s price. The Exchange Stablecoins Ratio here refers to an on-chain indicator that keeps track of the ratio between the Exchange Reserves of BTC and the stablecoins. The “Exchange Reserve” is naturally the total amount…

Bitcoin price pattern points to a $145k surge as exchange outflows rise

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Bitcoin price remained in a tight range on May 4, but the ongoing demand and supply dynamics point to an eventual surge to a new all-time high. Bitcoin (BTC) was trading at $104,000 on Wednesday, just 5.25% below its all-time high of $109,300. It has jumped nearly 40% from its lowest point in April. The coin continues to see high demand, mostly from institutional investors. SoSoValue data shows that spot Bitcoin ETFs have added over $1.95 billion in inflows this year, bringing total inflows since inception to $41 billion. Companies…

Bullish Exchange and Gibraltar to Develop Regulatory Framework for Crypto Derivative Clearing

Cryptocurrency exchange Bullish has announced a partnership with the Gibraltar Government and the Gibraltar Financial Services Commission (GFSC) to develop the world’s first regulatory framework for the clearing and settlement of derivative contracts settled in virtual assets. This initiative aims to enable crypto derivative contracts to be cleared and settled in virtual assets by a […] Source CryptoX Portal

Crypto exchange CEO’s daughter fights off brazen kidnappers in Paris

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Disclaimer: This article contains a video that may be disturbing for some readers. A brazen attempt to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto exchange Paymium, was foiled after the daughter and passersby reportedly fought off the kidnappers. Three masked men attacked Noizat’s daughter and a male partner on May 13 while she was walking with her son in Paris’ 11th district. The assailants tried to force Noizat’s daughter and her son into a waiting van, the French state-owned media outlet France24…

Interactive Brokers Adds ETF Tracking Dividend-Paying Stocks on Hong Kong Stock Exchange

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Interactive Brokers has added a Hong Kong-focused dividend ETF to its no-transaction-fee lineup. According to the company, the move deepens the firm’s global reach and provides cost-conscious access to a pool of high-dividend stocks in one of Asia’s financial hubs. “Our no-transaction-fee ETF program is a testament to our commitment to providing low-cost trading,” commented Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. “Adding the HK Dividend ETF gives investors another flexible tool to expand their global exposure.” Targeting Dividend-Paying Hong Kong Stocks The newly listed Ping…

Tether Gold enters Thailand with listing on Maxbit exchange

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Tether, the issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold token in Thailand with a listing on the local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed digital asset, Tether Gold (XAU₮), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform is the first platform in Thailand to offer a “tokenized gold pair backed by physical gold.” Launched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802…