Tag: Exchange

Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack

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Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets. According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hackers wallet. Afterwards, the wallet’s owner bridged the funds to the Bitcoin (BTC) network via ThorChain and Wan Bridge. In emailed comments to Cointelegraph, blockchain security firm CertiK said the alleged exploit was the result of a “probable private key compromise” on at least one CoinSpot…

Former NYSE President Makes Move To Relaunch Bankrupt Crypto Exchange FTX: Report

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The former president of the New York Stock Exchange (NYSE) is reportedly attempting to relaunch bankrupt crypto exchange platform FTX. According to a new report by The Wall Street Journal, a company run by former NYSE president Tom Farley is joining an auction and placing bids to purchase the remnants of collapsed digital assets exchange FTX. Farley’s company – a technology firm focused on developing financial services for the crypto industry called Bullish – is joined by two other companies vying to purchase FTX. WSJ reports that an unnamed banker…

Crypto Exchange Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says

The SEC pushed back against Binance and Binance.US’s motion to dismiss the suit it brought earlier this summer, saying the motion relies on “distorted” and “tortured” interpretations of both federal law and precedents. The SEC first sued Binance in June, a day before suing Coinbase, arguing both companies offered unregistered securities to the investing public (the Binance suit included some other allegations). Original Source ArgumentBinanceCryptoDismissingExchangeRealRegulatorSECSuit CryptoX Portal

Bankrupt Crypto Exchange FTX Files Motion To Sell $744,000,000 Worth of Assets

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Bankrupt crypto exchange FTX is asking a judge for permission to sell off $744 million worth of assets. A new bankruptcy court filing shows that FTX and its debtors want permission to sell the company’s Grayscale and Bitwise assets through an investment adviser. According to the filing, “Similar to the debtors’ prior request to monetize digital assets, the debtors are requesting court authorization to monetize the trust assets to protect the debtors against potential downward price swings in the trust assets, maximize the value of the debtors’ estates, and allow…

London Stock Exchange Group seeks digital assets director amid regulatory shifts

The London Stock Exchange Group is expanding its fintech horizons by recruiting a director for digital assets, navigating the complex interplay between innovation in blockchain technology and the UK’s tightening financial regulations. The London Stock Exchange Group (LSEG) has sparked interest in the financial technology sector with its latest job listing for a director of digital assets. The position indicates LSEG’s commitment to integrating digital assets, cryptocurrencies, and distributed ledger technology into its operational fabric. The role, as advertised, entails developing and executing a commercial strategy for new infrastructure solutions,…

Proof Group, Member of Celsius-Winning Fahrenheit Consortium, Is in the Running to Reboot Crypto Exchange FTX: Sources

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‘Smart Whale’ Withdraws About $32,000,000 Worth of Ethereum (ETH) From Crypto Exchange Binance: Lookonchain

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A crypto whale was recently spotted by a blockchain monitoring platform withdrawing a massive stack of Ethereum (ETH) from Binance over the weekend. First seen by Lookonchain, a “smart whale” deposited 31.8 million Tether (USDT) into Binance, and then withdrew $15.94 million worth of ETH hours later. Just hours later, the whale took out another $16 million worth of ETH from Binance. According to Lookonchain, the whale remains long on their ETH from the price of $1,836. “This smart whale withdrew another 8,618 ETH ($16 million) from Binance… The whale…

London Stock Exchange seeks digital assets director

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The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it’s seeking a director of digital assets.  LSEG says it is looking for candidates who have a “passion for and understanding of digital assets, cryptocurrencies and distributed ledger technology,” among other skills and requirements. According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well…

Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

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Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price moves head next? The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close. In what analysis is increasingly describing as a change in sentiment, Bitcoin and altcoins alike are refusing to retrace gains which first kicked in over one month ago. Amid a torrid macroeconomic environment, crypto is striking out on its own where assets such as stocks are feeling the pressure, and bulls are hopeful that…