Tag: Exchange

Is Ethereum Headed For Trouble? Analyst Warns Of Surging Exchange Reserves

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Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant pressure in recent weeks. As its price continues to fluctuate, analysts have been observing its market signals to determine whether the current phase is one of accumulation or distribution. According to a recent analysis by CryptoQuant analyst Shayan, the Ethereum exchange reserve metric, which tracks the amount of ETH held in exchange wallets, is providing insights into this question. What Does The Ethereum Exchange Reserve Currently Signals? Shayan disclosed in the analysis shared in a post on the CryptoQuant…

Quidax Becomes Nigeria’s First SEC Licensed Crypto Exchange

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PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license which was presented by the Securities and Exchange Commission grants Quidax the […] Source

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange

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The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential […] Source

Bitcoin price could rise as exchange reserves hit 2024 lows

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Bitcoin price held steady above $60,000 on Thursday, Aug. 29, even as its exchange-traded funds saw two consecutive days of outflows. Data from SoSoValue shows that Bitcoin (BTC) ETFs lost $105.19 million in assets on Wednesday after shedding $127 million the previous day. These funds have accumulated $17.85 billion in assets, with most of the money coming from institutional investors. Bitcoin has several catalysts that could push it higher in the long term, as was reported earlier this week.  Another potential catalyst is that the amount of coins held in…

Indian Court Orders Scam Websites Using Crypto Exchange Mudrex’s Name to Be Taken Down

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Scammers impersonating Mudrex employees on messaging service Telegram would lure retail investors by promising rewards and work opportunities if they performed certain tasks, including writing Google reviews. They also used fake websites under the Mudrex name and “invited the general public to invest on these websites, collecting monies from them illegally and frequently,” the court order said. Source

Crypto Exchange Abra Settles With SEC Over Unregistered Securities Allegations

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The crypto exchange Abra has settled with the U.S. Securities and Exchange Commission (SEC) for a yet-to-be-determined amount over charges stemming from alleged unregistered investment offerings. The SEC specifically accused Abra’s parent company, Plutus Lending LLC, of failing to register its retail crypto asset lending product, Abra Earn. Abra settled the SEC’s charges without admitting or denying the allegations. The exchange began offering Abra Earn in 2020, allowing users to tender their crypto to earn an interest rate. The product secured approximately $600 million worth of assets at its height,…

Binance CEO Richard Teng Rejects Allegations the Exchange Froze All Palestinians’ Funds

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In his post, Youssef included a letter in Hebrew from Paul Landes, head of Israel’s National Bureau for Counter Terror Financing, together with a translation. The letter rejects an appeal against a seizure order dating from Nov. 1, 2023, and says funds were transferred from the Dubai Exchange Company in the Gaza Strip to cryptographic wallets “yours among them.” The letter doesn’t identify the recipient. The Dubai Exchange Company was designated a terror organization in 2022, it says. Source