Tag: Exchange

Mantra says one particular exchange may have caused OM collapse

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The team behind real-world tokenized asset blockchain Mantra says its native token’s sudden 90% plunge was caused by exchanges forcibly closing positions without notice, with one currently unnamed exchange potentially to blame.  On April 13, Mantra (OM) price dropped from $6.30 to below $0.50, rapidly shedding over 90% of its $6 billion market cap. “We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders,” Mantra co-founder John Mullin wrote in an April 13 statement on X. “The timing…

Top US Crypto Exchange Coinbase Rolls Out Trading Support for Brand New Omni-Chain Native Token

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Coinbase traders can now buy and sell the brand-new native token of a new omni-chain tool focused on artificial intelligence (AI). The top US crypto exchange rolled out support for Wayfinder (PROMPT) on Thursday, the same day the token launched. Wayfinder bills itself as an omni-chain tool “providing groundbreaking ways for AI to interact with blockchain environments.” The project’s whitepaper notes that it will also be used for blockchain-based games. “Wayfinder is an AI agent framework able to power blockchain-based games, with Parallel Studios’ Colony as an initial game incorporating…

Binance Traders Vote To List Three New Altcoins on World’s Largest Crypto Exchange by Trading Volume

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Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform. In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products. Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other…

Forx Credit Gets Real-Time Upgrade as 24 Exchange Teams With CobaltFX

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FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin FM Talks – Axi Select Interview with Greg Rubin In this interview, Greg Rubin, Head of Axi Select, and Jeffrey Patterson, Head of Customer Success at Finance Magnets, discuss Axi Select’s unique trading programme. Discover how Axi Select blends the benefits of a prop firm…

Hong Kong Regulator Greenlights Staking Services for Licensed Crypto Exchange Platforms

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Hong Kong’s Securities and Futures Commission (SFC) has greenlit staking services for licensed digital asset exchanges. On Monday, the regulator issued regulatory guidance for the new services, noting that staking comes with potential benefits, such as enhancing the security of blockchain protocols while enabling users to earn yields for their participation. The SFC says that regulated entities should take precautions to manage investor risks. “They should maintain measures to effectively prevent errors associated with the services, safeguard staked client virtual assets, and ensure proper disclosure of risks to which such…

What is Mt Gox? | The rise and fall of Mount Gox Bitcoin exchange

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The downfall of Mount Gox, once the biggest cryptocurrency exchange, is a lesson in what can go wrong. It took 10 years after the platform’s collapse for creditors to start getting their compensation.  But this disaster pushed the entire crypto industry to rethink its approach to security. What is Mt Gox? The story of Mt Gox began in 2007, long before Bitcoin and cryptocurrency were even on the radar. That year, developer Jed McCaleb created a platform called Magic: The Gathering Online Exchange (MTGOX) on the website mtgox.com, designed for…

Binance Exchange Lands WorldPay Partnership, Here’s the Big Catch For Users

Key Notes Binance has partnered with Worldpay to enable Apple Pay and Google Pay for crypto purchases directly on its platform. The integration aims to make crypto access easier, especially for unbanked and mobile-first users worldwide. Over 1,000 payment methods and over 125 fiat currencies are now supported as Binance expands its global reach. Leading cryptocurrency exchange Binance has announced a strategic partnership with Worldpay, a global payment technology provider. The collaboration between the two firms will allow users to purchase crypto using Apple Pay and Google Pay directly through…

Malta Slaps OKX Crypto Exchange With $1,155,000 Fine Over Anti-Money-Laundering Violations

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The crypto exchange OKX is dealing with more regulatory issues. Malta’s Financial Intelligence Analysis Unit (FIAU) slapped the exchange with a €1.054 million fine ($1.155 million) for multiple compliance violations, including “failing to adequately assess” money-laundering/terrorism-financing risks associated with its products. The FIAU, which probed the exchange in 2023, also claims OKX didn’t conduct reliable customer risk assessments (CRAs). “The company was found to have failed to carry out a CRA upon establishing a business relationship for around 50% of the customer files reviewed as part of the compliance examination.…

Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws. Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3. While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were…

Crypto Exchange Gemini Discussing Resolution of $900,000,000 Lawsuit With SEC

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The crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss may soon witness the end of its legal dispute with the U.S. Securities and Exchange Commission (SEC) over its now-defunct cryptocurrency asset lending program. In January 2023, the securities regulator filed a lawsuit claiming that Gemini and cryptocurrency lender Genesis Global Capital violated securities laws through the Gemini Earn program, which allowed participants to lend their crypto assets to earn interest payments. The SEC filed the suit shortly after Genesis halted withdrawals in November 2022 with approximately $900 million…