Tag: Exchange

Binance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’

boss

Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company celebrates its sixth anniversary.  Within the letter, Zhao highlighted some of the company’s challenges throughout its journey. The executive said that in January 2018, the firm saw new records for user registration. However, it was followed by a decline in the market. Despite this, the Binance executive noted that during this bear market, its team learned the importance of “prudent financial…

Indonesia to launch crypto exchange in July: Report

boss

The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported on July 14. Bappebti head Didid Noordiatmoko reportedly said all cryptocurrency transactions will be only allowed to take plac using the upcoming national exchange. “Yesterday we agreed on the stock exchange rules,” the official said, adding…

Monochrome revises filing for spot Bitcoin ETF at Aussie stock exchange

boss

Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian…

US Authorities Charge Cybersecurity Engineer With Stealing $9,000,000 From Decentralized Crypto Exchange

boss

The United States Attorney for the Southern District of New York, Damian Williams, just announced the indictment of a former cybersecurity professional who allegedly hacked an international decentralized crypto exchange (DEX) and stole $9 million worth of crypto assets. According to the indictment, Shakeeb Ahmed carried out the attack sometime in July 2022 when he exploited a vulnerability of the Solana (SOL)-based DEX. The 34-year-old, a senior security engineer at an international technology company at the time of the attack, allegedly inserted fake pricing data that caused the platform’s smart…

New York hacker charged for stealing $9 million from a decentralized exchange

United States law enforcement agents slammed wire fraud and money laundering charges against a former security engineer from New York. He is accused of hacking a decentralized exchange (DEX) and stealing $9 million in July 2022. The development marks the first time prosecutors are bringing charges against a suspect for exploiting a DEX’s smart contract. Hacker facing charges  The United States Attorney’s Office for the Southern District of New York, in a press release, alleged that Shakeeb Ahmed, who previously worked as a senior security engineer for an international technology firm,…

‘AI helps traders utilize more intuitive strategies,’ says Exchange

boss

On July 11, cryptocurrency exchange Bitget launched an AI-powered feature for its Grid Trading strategies, or the use of trading algorithms to automate transactions for users. In an interview with Cointelegraph, Bitget developers stated: “Compared with manually creating strategies by filling in obscure and complex strategy parameters, AI strategies can help users choose and create strategies more intuitively through a simple number (strategy rate of return) and a simple graph (yield curve), eliminating the need to fill in complex variables.” In its AI Grid Trading Bot, users are only required…

Crypto Exchange Digitex Ordered to Pay $16M Following CFTC Charges

boss

A US court has ordered Adam Todd to pay approximately $16 million for operating an unregistered crypto exchange Digitex Futures. The amount includes $11.7 million in civil monetary penalty and $3.9 million as the return of illicit profit. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Judge Roy K. Altman of the US District Court for the Southern District of Florida delivered the judgement on July 5, the Commodity Futures Trading Commission (CFTC) announced…