The decentralized exchange THORSwap, based on ThorChain, has paused all trading activity after suspicious transactions were detected on the platform. These transactions were linked to the FTX hackers who had stolen $600 million from FTX shortly after the exchange filed for bankruptcy. Following an evaluation of the situation and consultation with advisors, legal counsel, and […]
The Securities and Futures Commission (SFC) of Hong Kong has teamed up with the Hong Kong Police Force (HKPF) to form a working group that aims to combat illegal activities on virtual asset trading platforms (VATPs). The group is composed of representatives from the SFC’s Enforcement Division and Intermediaries Division and HKPF’s Commercial Crime Bureau, […]
Binance, the world’s leading cryptocurrency exchange, has seen its spot market share decline for the seventh consecutive month. According to data from CCData, the exchange’s spot market share fell from 38.5% in August 2023 to 34.3% in September 2023.The trading volume that Binance lost went to other cryptocurrency exchanges such as HTX (formerly Huobi), OKX, […]
Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block. Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading […]
PrimeXBT has rapidly expanded its Crypto Futures platform, adding support for 20 new Altcoin pairs including Dogecoin. This major expansion demonstrates the exchange’s commitment to rapidly improving its Futures offerings to attract more traders. The full list of newly added assets includes ADA/USD, ALGO/USD, AVAX/USD, AXS/USD, DOGE/USD, DOT/USD, EGLD/USD, EOS/USD, FIL/USD, FTM/USD, ICP/USD, KLAY/USD, LINK/USD, […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
Sam Bankman-Fried, the founder of Alameda Research, a trading desk, and Gary Wang, one of the co-founders of the cryptocurrency platform FTX, have been embroiled in a legal battle. Wang has accused Bankman-Fried of wire fraud, alleging that Alameda Research had access to privileged information and resources on FTX, including the ability to withdraw funds […]
Binance, one of the world’s largest cryptocurrency exchanges, has seen its market share drop for the seventh consecutive month in September 2023. According to data from cryptocurrency data provider CCData, Binance’s spot market share fell from 38.5% in August to 34.3% in September, and its derivatives market share tumbled from 53.5% to 51.5%.Research analyst Jacob […]
Lennix Lai, the global chief commercial officer at crypto exchange OKX, recently spoke with Cointelegraph at the Blockchain Economy Summit in Dubai. He discussed the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC) checks, and how the exchange navigates the rapidly changing […]
Bad Idea AI ($BAD) is set to be listed on Lbank’s Innovation Zone, with the trading pair BAD/USDT. The listing will go live at 08:00 on October 7, 2023 (UTC). Bad Idea AI is a decentralized experiment that combines AI technology, Blockchain, and Decentralized Autonomous Organizations (DAOs). It is an effort to explore the dynamics […]
