Tag: Exchange

Crypto Exchange Founder Pleads Guilty to $700,000,000 Unlicensed Money Transmitting Charges: DOJ

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Former crypto exchange CEO Anatoly Legkodymov has pleaded guilty to federal charges for his role in illegally transporting and transmitting hundreds of millions of dollars worth of illicit funds. The U.S. Department of Justice (DOJ) says that Legkodymov, the founder of crypto exchange Bitzlato admitted to operating an unlicensed money-transmitting business at a Brooklyn federal court this week. The DOJ says that Bitzlato became a haven for criminal proceeds and funds because the firm did not implement proper know-your-customer (KYC) procedures. The exchange also allegedly facilitated more than $700 million…

Maximizing efficiency, examining benefits of crypto exchange aggregators

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The growing popularity of cryptocurrencies and the expansion of the possibilities for their use led to the emergence of specialized services that exchange digital coins for other coins or fiat money. This is an analog of traditional online currency conversion points. Indeed, the convenience and speed of functioning of cryptocurrency exchangers significantly facilitated the conduct of complex coin transactions. However, until 2018, these resources were characterized by inflated rates.…

Exchange Supply Hits Lowest Level Since 2017

On-chain data has revealed an increasing sentiment of holding Bitcoin among investors. Bitcoin has been on a roll since the start of the month, pushing its price to new yearly highs. At the same time, exchange data from CryptoQuant reveals that the crypto might be gearing up for a sustained bull run. According to the on-chain analytics platform, Bitcoin’s exchange supply, the amount available for purchase on exchanges, has dropped to its lowest levels since 2017  Exchange Supply Drops To Lowest Level In Six Years The Bitcoin market is flashing…

FCA Raises Red Flag on Crypto Exchange LYKKE

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The UK’s Financial Conduct Authority (FCA) has issued a warning, cautioning against engaging with LYKKE due to the exchange’s potential unauthorized financial promotions. The regulator mentioned that the crypto exchange was promoting financial services or products without obtaining the required authorization from the regulatory body. The FCA’s alert provides specific details about the unauthorized firm, LYKKE, warning individuals and firms against engaging with it. The firm operates under the name LYKKE. This includes a cautionary list of contact details associated with LYKKE, including email addresses, a website, mobile applications, and…

Crypto Exchange Binance Ends Abu Dhabi License Application: Reuters

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Massive Uptick in Exchange Volumes Could Suggest Growing Institutional Demand Ahead of ETF Approval: Glassnode

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A massive surge in crypto exchange flows suggests institutions could be preparing for the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs), according to the market intelligence firm Glassnode. Glassnode notes in a new analysis report that the 30-day simple moving average (SMA) of Bitcoin flows in and out of exchanges grew from $930 million from the start of the year to over $3 billion at time of writing, a 220% increase. “Looking at this from the on-chain volume domain, we can see that YTD (year-to-date) flows in…

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

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A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange.  Although it is unclear the motive behind this transfer, it appears to be to take profit on a 670% gain over the past five years.  Ethereum Whale Moves 39,260 ETH To Crypto Exchange The crypto market has had another flurry of price increases in the past few…

Crypto Exchange One Trading to Roll Out New Trading Unit F.A.S.T Soon

In a bid to attract more institutional investors to the upcoming platform, One Trading plans to provide free trading on all cryptocurrency pairs listed on the exchange.  Cryptocurrency exchange One Trading, formerly known as Bitpanda Pro, has announced plans to introduce its new trading venture that aims to offer users swift digital asset trading experience in the coming weeks. Scheduled to debut at an undisclosed date in the next few weeks, the company said its F.A.S.T platform will address the scalability challenges experienced in other crypto platforms and offer users…

Exchange Launches Version 2.0, Adds Support for Solana and DEX Aggregation

By directly integrating Solana, Hashflow 2.0 becomes the first DEX to offer cross-chain trading between Ethereum and Solana. Decentralized exchange Hashflow is out with its 2.0 iteration, and may have added some advancements to its platform. First off, the December 5 launch includes support for Solana, which is arguably one of the fastest and most scalable blockchains. It also features DEX aggregation services, albeit for the first time on its platform. That is, traders may now access the best prices and liquidity across multiple DEXes, and would, therefore, be able…