Tag: Exchange

Crypto Exchange Backed by Fidelity and Citadel Securities Starts Operations in US

EDX Markets plans to step into the crypto space just when the regulatory developments are quite hot and the US SEC has been cracking hard on crypto firms. The cryptocurrency landscape in America seems to be undergoing a seismic shift, and it’s still too early to say whether it is for the good or the bad. As per the latest report from Wall Street Journal, crypto exchange EDX Markets is planning to start operations in the US. Interestingly, crypto exchange EDX Markets is backed by some of the top financial…

Era of trading crypto as non-securities is over, says exchange exec

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Amid lawsuits against United States-based exchanges like Coinbase and Binance.US, an executive at a domestic digital asset firm has noted the legal implications of these recent enforcement actions for the industry. The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, chief operating officer at the blockchain trading firm INX. Avneri believes that a massive amount of coins offered for trading on crypto exchanges is among the core reasons for legal issues. “You cannot continue to trade cryptocurrencies as if they are not securities.…

Top US Crypto Exchange Coinbase Partners With Jack Dorsey’s Self-Custody Wallet Bitkey

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Top US crypto exchange Coinbase plans to integrate Bitkey, a self-custody wallet developed by Jack Dorsey’s fintech company, Block. In a recent announcement, Coinbase says it has entered a global partnership with Bitkey in an effort to foster the growth of self-custody usage. Dorsey, the billionaire co-founder and former CEO of Twitter, plugged the new partnership online. “Buy Bitcoin from an exchange and move it to a hardware key you control.” News of the partnership comes in the wake of Bitkey’s announcement to open applications for its beta program that…

Crypto Exchange CoinEx Pays Over $1,700,000 To Resolve New York State Lawsuit As It Exits US Market

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A Hong Kong crypto company was forced to pay more than $1.7 million in investor refunds and penalties after reaching an agreement with the New York State Attorney General (AG) Letitia James. James launched a lawsuit against the trading platform CoinEx in February, accusing the company of failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange. The attorney general announced in a press release this week that CoinEx will pay more than $1.1 million in refunds to 4,691 New York investors…

Bitcoin Wallet App Zeus Faces Rejection from Apple over Exchange Feature

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Apple has rejected the latest version of the Zeus app, a non-custodial Lightning Network-enabled Bitcoin wallet. This comes just a day after the tech giant warned another Bitcoin-related app, Damus, about removing certain features. The rejection of Zeus was communicated to the app’s founder, Evan Kaloudis, through an official message from Apple. According to Kaloudis’ tweet, Apple stated that the app “facilitates the transmission of a virtual currency but was not submitted by a corresponding exchange or recognized financial institution.” The company requested that Zeus provide documentary evidence proving that…

Every Centralized Exchange (CEX) Needs a Decentralized Exchange (DEX)

Finally, and perhaps most promisingly, a DEX backend enables a CEX to compose with other builders, integrating features and network effects into new “super-app” products. Altogether, blockchain infrastructure is fast approaching a point where building decentralized applications is no longer a matter of principle, it’s a matter of competitive advantage and ultimately, survival. Source

Crypto Exchange Binance.U.S. Cuts Staff After SEC Sui

“As part of this transition, and because of our preparation for a multi-year and very costly litigation process, the Board has asked Management to shrink the size of our teams across the company and reduce our burn rate,” read the documents. “Unlike every other U.S. crypto company, we have been working to avoid this scenario, but circumstances have now shifted. This was a very hard decision – one that we didn’t take lightly. We are sad to see our colleagues depart, but we wish them the best and will do…

New York bans CoinEx exchange, seizes $1.7M in crypto assets

Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange’s funds were seized for allegedly failing to register as a securities and commodities brokerage. The agreement resolves a previous lawsuit against CoinEx from February, when the New York state accused it of falsely representing itself as an exchange and failing to register with local authorities. “As part of today’s consent order, CoinEx is banned from offering, selling, or…

Crypto Exchange Bybit Taps into ChatGPT to Advance Trading Tools

ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms.  Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools Discovery family, dubbed “ToolsGPT”, leveraging the capabilities of the famous generative AI technology, ChatGPT, developed by…