Tag: Exchange

British Man Reveals $2,100,000 Loss From Downfall of Crypto Exchange FTX: Report

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One British man reportedly lost millions of dollars when the now-defunct crypto exchange FTX imploded in November. According to a new BBC report, Sunil Kavuri may have suffered the largest amount of investment losses from the FTX scandal than any other British citizen. Kavuri tells the BBC that he started worrying about his crypto investments on the FTX exchange when he got a message that withdrawals were suspended on the platform. “I was on the computer for basically 24 hours refreshing the page and trying to email the FTX support…

Alibaba’s Cainiao Files for $1B IPO on Hong Kong Stock Exchange

The significance of this IPO is further highlighted when considering the expected global ranking of this offering. Cainiao Smart Logistics Network Ltd, the logistics unit of Alibaba Group Holding Ltd (HKG: 9988) has taken a significant step by submitting its A1 filing to the Hong Kong Stock Exchange, aiming to raise at least $1 billion in its Initial Public Offering (IPO). Alibaba to Hold Huge Stake in Cainiao Despite listing Cainiao on the Hong Kong Stock Exchange, Alibaba is set to maintain a significant stake in the logistics unit. As…

Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC hodling

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Bitcoin (BTC) exchanges have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchanges, highlights the extent to which volumes have decreased since…

Binance Reopens Crypto Exchange Services in Belgium

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Binance has reopened its services in Belgium by resuming its registration for the country’s residents after a suspension for about three months, the crypto exchange giant announced yesterday (Monday). “We are delighted to announce that as of today, new registrations of Belgian residents are welcome on our platform once again,” the tweet from Binance’s Belgian handle stated. “In addition, various Binance products and services are accessible again to Belgian users who have accepted our new Terms of Use.” Great news for our Belgian community 🇧🇪 We’ve now reopened registrations and…

Crypto exchange Binance among firms eyeing new stablecoins in Japan

Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. On Sept. 25, Binance Japan announced a joint study that aims to see the companies issue yen and other fiat stablecoins to accelerate Web3 adoption in Japan. The pair plan to utilize a platform called “Progmat Coin” which would be a Japanese regulatory-compliant stablecoin issuance and management system. The Japanese bank would be pioneering the development of the “Progmat Coin” platform as infrastructure for…

Crypto exchange Binance reopens exchange services in Belgium

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Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again —  three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services. “New registrations of Belgian residents are welcome on our platform once again,” Binance confirmed in a Sept. 25 post on X (formerly Twitter). Binance said various Binance products and services will become accessible again to Belgian users who have accepted the new Terms of Use. Great news for our Belgian community We’ve now reopened registrations…

Crypto Exchange HTX Suffers $8 Million Ether Hack, Justin Sun Confirms

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HTX, formerly known as Huobi, has fallen victim to a security breach resulting in the loss of 500 ether (ETH), valued at approximately $8 million. This incident, as reported by HTX advisor and Tron founder Justin Sun, transpired on Sunday and was promptly detected. Sun assured the crypto community via the social media platform X (formerly Twitter) that HTX has fully covered the incurred losses, assuring the safety of all funds. The compromised wallet appears to be one of HTX’s hot wallets, which has received approximately $500 million in deposits…

Coinbase Now Registered As Crypto Exchange and Custodian Wallet Provider With Bank of Spain

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Top US digital asset exchange Coinbase has successfully registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. Coinbase says in a new announcement that the registration will let the company offer its full scope of products to retail and institutional users in Spain within regulation. Spanish users will now be able to access Coinbase’s custody services, buy and sell digital assets using fiat currency and trade crypto against other crypto, as per the announcement. Nana Murugesan, vice president of international and business development at Coinbase,…