Tag: Exchange

Cameron and Tyler Winklevoss’ Crypto Exchange Gemini To Pay CFTC $5,000,000 To End Regulator’s Lawsuit

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The crypto exchange Gemini has agreed to pay the U.S. Commodity Futures Trading Commission (CFTC) a $5 million civil penalty to end the regulator’s lawsuit. The CFTC filed a complaint against Gemini back in 2022, alleging the exchange made false and incomplete statements to the agency in connection with the 2017 evaluation period of a proposed Bitcoin (BTC) futures contract product. Gemini, which is run by twin brothers Cameron and Tyler Winklevoss, allegedly submitted false or misleading statements regarding whether the proposed Bitcoin futures contract would be susceptible to manipulation.…

Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000

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Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial Instruments Directive) II License. Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products. Crypto…

Three Low-Cap Altcoins Rip As Top Crypto Exchange Binance Announces Trading Support

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Three low-cap altcoins are surging after the top global crypto exchange Binance, rolled out support for them. In a new announcement, Binance says that it is adding futures contracts for COOKIE, the utility token for the marketing finance (MarketingFi) ecosystem Cookie DAO, artificial intelligence (AI) focused project Alchemist AI (ALCH) and AI agent-related project Swarms (SWARMS). Amid the listing news, COOKIE surged by double percentage points. COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE…

Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC

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On-chain data shows the Bitcoin spot exchange inventory, which had been stuck in consolidation earlier, has finally started following a new trajectory. Bitcoin Spot Exchange Supply Has Seen A Sharp Plunge Recently In a new post on X, analyst Willy Woo has discussed about the trend in the Bitcoin spot exchange inventory. This metric keeps track of the total amount of the cryptocurrency that’s sitting in the wallets of all centralized spot exchanges. This part of the exchange supply refers to the actual tokens of the asset that exist on…

Factors To Consider When Choosing a Crypto Exchange for Digital Asset Trading

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According to one recent estimate, there are currently around 1,500 cryptocurrency exchanges up and running globally, which means you’re going to have to take a while to research them and narrow down your options. To get started, it helps to know what to look for in an exchange platform, and so we’ve come up with a basic list of criteria you’ll need to pay attention to. One of the most important things for every user should be the exchange’s security features and its trustworthiness, as you’ll want to ensure your…

Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended

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Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU. Although Backpack currently ranks only 200th in CoinMarketCap’s cryptocurrency exchange rankings by daily trading volume, it hopes to expand its operations through the acquisition of this MiFID II-regulated entity. However, this move might not happen as quickly as anticipated. Backpack Acquires Defunct FTX EU for MiFID II License Since September 2022, FTX EU has held a Cyprus…

Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities

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Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […] Source

Launch of the HTX DAO Forum: A New Dawn for Exchange Governance

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PRESS RELEASE. In December 2024, HTX DAO announced the official launch of its governance forum, ushering in a new era of innovation for global crypto community governance. This move represents more than just a new feature; it also marked a historic step for exchanges, transitioning from traditional centralized management towards decentralized autonomous governance model. *Forum […] Source

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

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Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme.  Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay a fine of 52 million won ($35,367) for receiving money and lavish items as bribes from businessman Kang Jong-hyun. Kang allegedly shelled out 3 billion won (roughly $2 million) in cash and over $272,000 worth…

Crypto Exchange Token Defies Digital Asset Market Downtick and Soars by Nearly 30% Amid New Merger Announcement

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A crypto exchange token is defying this week’s marketwide downtrend, skyrocketing by nearly 30%. The Bitget Token (BGB) is trading at $7.37 at time of writing and is up nearly 28% in the past 24 hours and more than 70% in the past week. BGB’s gains partially materialized amid news that Bitget plans to merge the token with its other native asset, the Bitget Wallet Token (BWB). BWB, the 638th-ranked crypto asset by market cap, is down more than 4% in the past day but up nearly 45% in the…