Tag: Exchange

Binance Co-Founder Dispels Rumors That Crypto Exchange Asks for Tokens Prior to Listing

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Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier 1 project that raised close to nine figures” and was trying to get listed on Binance. “After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for…

Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment

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US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users.  In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange.  “To continue forging our path ahead and put Kraken in contention to become the largest crypto platform in the world, we need to be leaner and faster.” Kraken says it is making structural changes after falling into a…

CryptoQuant CEO Says Stablecoins Now Being Mostly Used for Purposes Other Than Exchange Trading

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The chief executive of digital asset insights firm CryptoQuant says stablecoins are witnessing increased adoption via use-case expansion. CryptoQuant’s Ki Young Ju tells his 368,500 followers on the social media platform X that the total market cap of stablecoins is exploding for reasons other than digital asset trading on exchanges. The on-chain analyst’s data shows that only about one in five stablecoins are being used to buy and sell crypto. “In September 2021, exchange stablecoin reserves exceeded $30 billion. From this point, I considered the stablecoin market to be sufficiently…

Crypto Exchange M2 Confirms $13.7 Million Breach, Says Issue Resolved Within 16 Minutes

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M2 Exchange recovered from a $13.7 million security breach within 16 minutes. A security firm said the incident highlights the growing vulnerability of crypto exchanges. Normal Service Restored The United Arab Emirates-based cryptocurrency exchange, M2 Exchange, said it swiftly resolved a security incident on Oct. 31 that involved $13.7 million. The exchange said customer funds […] Source

JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission

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JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary duty and prohibited trades. Customers who invested in the bank’s “Conduit” products will receive $90 million from the bank directly, and the bank will pay an additional $10 million to a civil fund that will also…

Kenyan Securities Exchange Joins Hedera to Bolster Tokenization Ambitions

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The Nairobi Securities Exchange has joined the Hedera Council to accelerate tokenization initiatives in Africa, leveraging the Hedera network’s technology and global reach. Expediting Uptake of Digital Assets Kenya’s main securities exchange, the Nairobi Securities Exchange (NSE), has joined the Hedera Council to accelerate tokenization initiatives using the Hedera network. By joining Hedera, the Kenyan […] Source

UK Crypto Exchange Archax to Buy Spanish Broker King & Shaxson Capital Markets (KSCM) to Expand in Europe

“The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit,” Graham Rodford, CEO and co-founder of Archax, said in a release. “This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK,” he added. Source

FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

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Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy in February, is the fourth FTX executive to be sentenced for his role in the fraud. Bankman-Fried was sentenced to 25 years in prison in March for his role as ringleader. Former FTX Digital Markets CEO Ryan Salame, who did not testify against Bankman-Fried, recently began serving his 7.5 year prison sentence. And Caroline Ellison, former Alameda Research CEO and one-time girlfriend of Bankman-Fried, was sentenced to two years by the same judge, District Judge Lewis…

Ginoa to List on MEXC Global Exchange on October 31, 2024

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PRESS RELEASE. Ginoa, a pioneer in AI-driven solutions for NFTs and the Metaverse, is excited to announce its upcoming listing on MEXC Global Exchange on October 31, 2024. This significant milestone will bring Ginoa’s innovative platform and GINOA token to a global audience, enhancing both liquidity and accessibility. The MEXC listing represents a major step […] Source