Exchanges

The recent introduction of crypto-related spot ETFs in the United States has caused Bitcoin and Ethereum supplies on centralized exchanges to hit record lows. Glassnode data reveals that Bitcoin balances on exchanges have dropped to 11.6%, marking the lowest level since December 2017. Similarly, Ethereum balances have reached a low of 10.6%, the lowest since

Gemini recently revealed that users of its now-defunct Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total assets owed. This marks a significant milestone in the recovery process after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The exchange ensured that

The recent revelation by the Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has sparked concerns within the crypto community. Despite transferring over 140,000 BTC (approximately $10 billion), it has been confirmed that significant Bitcoin holdings have not been sold. The trustee emphasized that preparations for repaying creditors are in progress. The bankruptcy process

In a recent development in Nigeria, a High Court has decided to adjourn the money laundering trial involving Binance and its executive Tigran Gambaryan to June 20. This decision was made due to health concerns raised by Gambaryan’s defense counsel, Mark Mordi. The court was informed that Gambaryan was not in good health and was

Recently, there have been rumors circulating on social media regarding Bybit crypto exchange’s alleged insolvency. These rumors have caused quite a stir, with obscure accounts spreading misinformation about the exchange’s financial stability. However, Bybit’s CEO, Ben Zhou, has firmly denied these allegations, stating that they are baseless and lack any real facts to support them.

The recent legal battle between the First District Court of Appeals in Florida and the Office of Financial Regulation has garnered significant attention within the cryptocurrency community. The court’s decision to nullify an Emergency Suspension Order (ESO) issued against Binance.US sets a precedent for future regulatory actions against crypto exchanges. Binance.US’s argument that the suspension

Coinbase, a well-known crypto trading platform, claimed to have resumed operations after a system-wide outage lasting over three hours. However, many customers took to social media to express their frustration, stating that they were still unable to withdraw their funds. One user, Nigel Dias, reported that he received a message stating, “Sending to this recipient

Recently, The Wall Street Journal published a report accusing Binance, the world’s largest crypto exchange, of firing the head of its market surveillance team. This action was reportedly taken after the team raised concerns about potential market manipulation by a high-profile client, DWF Labs. The surveillance team uncovered suspicious trading activity by DWF Labs, which

Japanese cryptocurrency exchange Coincheck has announced its plans to join Coinbase as one of the two publicly listed exchanges in the United States. The company expects to complete its listing on the Nasdaq through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by the second or third quarter of

The CEO of Binance, Richard Teng, has taken a firm stance on the detention of the exchange’s executive, Tigran Gambaryan, in Nigeria. Teng expressed his belief that Gambaryan’s detention was not only unjust but also set a dangerous precedent for companies worldwide. He emphasized that inviting an employee to collaborative policy meetings only to detain