In the past 24 hours, crypto wallets linked to the now-defunct FTX exchange and Alameda Research have seen movement of over $8 million in digital assets. This includes the transfer of 2,000 units of Ethereum, valued at approximately $6.36 million, to Coinbase, and 163,727 PROM tokens, worth around $2.04 million, to Binance. The surge in
Exchanges
Saturn, a peer-to-peer order book built on the Bitcoin network, has recently secured $800,000 in seed funding led by Sora Ventures. This funding will allow Saturn to accelerate its vision for Bitcoin-based fungibility. The seed funding round for Saturn was led by Sora Ventures, with participation from other notable investors such as CMS Holdings, Cricket
In a shocking turn of events, Hong Kong-based crypto exchange BitForex has seemingly disappeared without a trace. On Feb 23, users were met with the suspension of the exchange’s website and trading application, leaving them unable to initiate withdrawals or access their accounts. This sudden blackout comes as a surprise to many, especially considering BitForex’s
Kraken, a prominent cryptocurrency exchange, recently faced legal action from the US Securities and Exchange Commission (SEC). The SEC accused Kraken of operating unlawfully as an unregistered securities exchange, broker-dealer, and clearing agency. The charges came after Kraken’s testimony before congressional committees, where it expressed concerns about the regulatory overreach of the SEC and advocated
Bitcoin’s price has been a topic of intense discussion among enthusiasts, with all eyes fixed on the $52,000 mark. However, beyond surface-level price movements, there lies a deeper and more intricate web of liquidity dynamics that shape the cryptocurrency market. Leveraging data from Kaiko, CryptoSlate dives into the subtle interplay between buy and sell orders
Ping Exchange is changing the game in digital assets trading with its innovative approach to security. Unlike other platforms that rely on traditional username and password authentication, Ping leverages CorePass ID for decentralized login and withdrawals. This unique model ensures that users have complete control over their assets, merging the benefits of DeFi and CeFi
Recently, a special adviser to Nigerian President Bola Tinubu, Bayo Onanuga, publicly accused Binance of manipulating exchange rates in Nigeria and taking over the role of the Central Bank of Nigeria (CBN). Onanuga’s statement on social media caused a stir in the Nigerian cryptocurrency community, with calls for regulatory action against platforms like Binance. The
There has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets since mid-March 2020, indicating a shift in investor behavior. Initially, over 17% of Bitcoin’s total supply was held on exchanges, reaching a record high at that time. However, this trend of declining exchange balances has persisted, even during Bitcoin’s 2021
Coinbase’s non-US exchange recently achieved a significant milestone by surpassing $1 billion in daily trading volume on February 20th. This achievement was highlighted by Coinbase International Exchange, which reported that its perpetual futures exceeded the $1 billion mark in notional contract volume traded. This success was acknowledged by Coinbase CEO Brian Armstrong, who emphasized that
Recently, Binance made the decision to discontinue its trading and subscription services for leveraged token offerings, which include Bitcoin, Ethereum, and its BNB Coin. Effective Feb. 28, users will no longer be able to trade these leveraged tokens and subscription services will be halted. The affected tokens include BTCUP and BTCDOWN, ETHUP and ETHDOWN, and
