Tag: Trading

Santander Private Bank Introduces Crypto Trading for Swiss Clients

Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them. Santander Private Banking International has announced plans to allow its high-net-worth Swiss clients a chance to trade crypto assets. The bank will offer these clients a chance to buy, sell, and hold two major cryptocurrencies – Bitcoin (BTC) and Ether (ETH). It also plans to add further cryptocurrencies that meet its criteria. According to the banking giant, the service will be provided based on client requests through relationship managers.…

Japanese exchange plans to start digital securities trading on Dec. 25

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Proprietary trading system operator Osaka Digital Exchange (ODX) is set to kickstart the trading of digital securities in Japan through security tokens issued by two real-estate firms to fill the demand for alternative assets.  In an announcement, ODX said that its trading system for security tokens commences on Dec. 25. Ichigo Inc., a Tokyo-based company, is reportedly planning to sell over $20 million in securities backed by property investments. Apart from Ichigo, Kenedix Inc. is also planning to offer digital securities within the ODX platform. Security tokens are digital assets…

SBI and SMFG’s Osaka Digital Exchange to Start Japan Digital Securities Trading

Around 3 billion yen ($20 million) worth of tokenized securities will be issued by real estate firm Ichigo Owners, according to an SBI Holdings press release. The Ichigo Residence Token will be invested “in six highly convenient rental residential properties with excellent access to the city center, and is expected to be the largest issue price ever for an Ichigo Group security token,” the statement said. Source

SBI and SMFG’s Osaka Digital Exchange to Start Japan Digital Securities Trading

CryptoX – Cryptocurrency Analysis and News Portal Around 3 billion yen ($20 million) worth of tokenized securities will be issued by real estate firm Ichigo Owners, according to an SBI Holdings press release. The Ichigo Residence Token will be invested “in six highly convenient rental residential properties with excellent access to the city center, and is expected to be the largest issue price ever for an Ichigo Group security token,” the statement said. Source The post SBI and SMFG’s Osaka Digital Exchange to Start Japan Digital Securities Trading appeared first…

Santander Private Bank Introduces Bitcoin, Ethereum Trading for Swiss Clients

“The Swiss regulation related to digital assets is one of the first and most advanced in the world, since it provides clarity and a comprehensive regulatory environment for our clients,” said John Whelan, head of crypto and digital assets at Santander, in an email. “As holding of crypto as an alternative asset class continues to expand, we expect that our clients prefer to rely on their existing financial institutions to be responsible for their assets.” Source

Kronos Research halts trading amid $25M API key hack investigation

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A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest of transparencyAround 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are not a significant portion of our equity and…

Kronos Trading Firm suffers security breach, losses $25m

Taiwan-based trading firm Kronos Research recently suffered a major security breach, leading to estimated losses of $25 million. According to the company, the security breach involved the unauthorized access of API keys, leading to a loss of around 13,007 ETH, valued at $25 million at the time. Kronos disclosed the incident on Nov. 18 via a post on social media. In the interest of transparencyAround 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are…

Wormhole becomes independent entity following spin-off from Jump Trading

Jump Trading has spun off its cross-chain protocol, Wormhole, into an independent entity amidst a backdrop of major security breaches and ongoing regulatory scrutiny. Jump Trading has officially separated Wormhole, a prominent cross-chain protocol, establishing it as an independent entity. This move, as reported by Bloomberg, has led to the departure of key Wormhole figures, including CEO Saeed Badreg and COO Anthony Ramirez. Wormhole’s history is marred by a major security breach in 2022, resulting in a loss of approximately $320 million, marking it as one of the most substantial…

Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg

Several high-ranking Wormhole employees, including the project’s CEO and COO, have left Jump to “run Wormhole as an independent entity,” the publication reported, citing people familiar with the matter. The parting of ways comes less than two years after Jump poured $320 million into Wormhole after the inter-blockchain messaging platform suffered a massive hack. Source