Tag: Exchange

Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

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Ethereum (ETH) competitor Solana (SOL) is sustaining its upward momentum as it overtakes layer-2 scaling solution Polygon (MATIC) in daily decentralized exchange (DEX) volume. New data from blockchain tracking platform Artemis reveals that the smart contract platform has surpassed MATIC in both overall DEX volume and the number of daily transactions. Artemis’ data shows that as of yesterday, Solana had a DEX volume of about $240.5 million, outpacing Polygon’s $137.5 million. The numbers also show that Solana greatly surpassed Polygon – and other digital assets such as ETH and Avalanche…

Bitcoin (BTC) Price Stalls at $35K; Notable Large Investor Moved 7K BTC to Crypto Exchange Bitfinex

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Whales are crypto investors who control large amounts of digital assets. Their crypto purchases and sales may have a sizable impact on markets, thus crypto watchers closely follow their behavior to anticipate market movements. Moving tokens to exchanges usually signals intention to sell, however, blockchain data doesn’t show what happens with the tokens once it’s at the exchange. Original

Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors

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Bitcoin Cash has followed the general growth trend of Bitcoin with the price almost clearing the $250 resistance before being rejected. Even though BCH maintains this bullish momentum, it is not completely in the clear following its delisting from one crypto exchange. EDX Markets Delists Bitcoin Cash In another unexpected blow, Bitcoin Cash (BCH) has been delisted from the EDX Markets crypto exchange. Users had first suspected that the exchange was ending support for BCH and rumors spread like wildfire through social media. Eventually, the crypto exchange will confirm these…

SNB Working With SIX Stock Exchange, 6 Banks on Wholesale Central Bank Digital Currency Pilot

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Lazarus used ‘Kandykorn’ malware in attempt to compromise exchange — Elastic

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Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an Oct. 31 report from Elastic Security Labs. Elastic has named the new malware “Kandykorn” and the loader program that loads it into memory “Sugarload,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted. Crypto exchanges have suffered a rash of private-key hacks in 2023, most of which have been traced to the North Korean cybercrime enterprise Lazarus Group. Kandykorn…

US Bankruptcy Court Approves Crypto Exchange Bittrex’s Shut Down

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Crypto exchange Bittrex received the green light from the US bankruptcy court yesterday (Monday) to shutter its US operations. The Judge also approved the exchange’s liquidation plan to repay its remaining creditors. Bittrex filed for bankruptcy protection in May after the US Securities and Exchange Commission (SEC) brought charges against the exchange for operating an unregistered securities exchange. Instead of fighting the regulator, Bittrex settled the charges for a monetary penalty of $24 million in August and decided to exit the US market. Unlike most bankrupt crypto exchanges, Bittrex’s decision…

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

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The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.  Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow the company to offer any other of its virtual asset products and services. According to the announcement, the Backpack exchange incorporates zero-knowledge proof of reserves (zk-proofs), Multi-Party Computation (MPC) for custody and low latency order execution, among other features. The announcement also revealed that the Backpack exchange…

Kasikorn Bank Acquires Majority Stake in Satang Crypto Exchange for $103 Million

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Thailand’s Kasikorn Bank, also known as K-Bank, has successfully secured a majority 97% stake in the parent company of Satang, a prominent crypto exchange operating in the country since 2017. The acquisition, valued at 3.705 billion Thai baht ($102.8 million), was executed through K-Bank’s newly established subsidiary, Unita Capital, specializing in investments in digital assets companies, media reports said. Upon the completion of the transaction, Satang is slated to undergo a rebranding as Orbix. This transformation will be accompanied by the establishment of three subsidiary entities: Orbix Custodian, Orbix Invest…

OKX Latest Proof of Reserves Shows Exchange Over-collateralized

Although in the immediate aftermath of FTX there was a concern that Sam Bankman-Fried had made the case for decentralized exchanges (DEXs) – and those fears still resonate with some consumers – the data shows that centralized exchanges (CEXs) are very much alive and well. “I think there are advantages of being a centralized exchange for a trader for an investor,” Rafique said. “Centralized exchanges have the ability to work with market makers and cater to a diverse customer base, including retail, institutional, and high net worth customers, while also…

CME Surges through Ranks of Largest Bitcoin Futures Exchange

CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21 bull run. Bitcoin Futures Exchange: Open Interest and Rankings With a notional Open Interest (OI) of $3.54 billion, CME has now secured the position of the second-largest Bitcoin futures exchange, a remarkable rise from the…