Tag Archives: Exchange News

FTX, one of the world’s biggest and most popular digital currency exchanges, has filed for bankruptcy. This was abruptly followed by the formal resignation of the company’s founder and head executive Sam Bankman-Fried. FTX Has Fully Gone Under The company has been in hot water for the past several weeks. FTX experienced what’s been referred to as a “liquidity crunch” and initially sought the aid of its main rival Binance to bail it out of the dark hole that had been created for it. It...

Crypto exchange Coin Check is looking to follow in Coinbase’s footsteps and wants to be listed on the Nasdaq. The firm is aiming to complete a merge with a special acquisition company by July of next year so it can be listed on the stock exchange. Coin Check Wants to Be Like Coinbase Coinbase – the western world’s largest and most popular cryptocurrency exchange – started a trend in April 2021 that many new companies apparently want to copy. The company got itself listed on the Nasdaq,...

Crypto trading platform 24 Exchange has joined hands with a network called Talos, which is a provider of digital asset trading technology. Together, they are giving customers access to new forms of crypto-based liquidity that will allow them to engage in quick and easy transactions and financial settlements. 24 Exchange and Talos… The Perfect Match? Dmitri Galinov – the CEO and founder of 24 Exchange – commented in a statement: By integrating into the growing Talos...

Earlier in the year, the Justice Department announced it had seized billions in crypto funds from a heist that occurred in 2016. Many customers of Bitfinex had their money stolen during that heist, and they learned that approximately $70 million of the recovered funds were likely theirs. Funds Stolen from Bitfinex Have Not Yet Been Returned One such victim – Frankie Cavazos – said he lost about 15 BTC units from the 2016 attack. Upon hearing that his money had been...

Coinbase is in hot water after close to 100 customers have filed lawsuits against the western hemisphere’s largest digital currency trading platform. Customers Are Angry with Coinbase These customers are accusing Coinbase of turning a blind eye to a scam that ultimately cost them more than $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, directed users upon being downloaded to fraudulent or phony websites that allowed...

Argentinian soccer player Lionel Messi has teamed up with a digital currency company called Bit Get. Based in Singapore, the firm will allow fans of the Paris Saint-Germain team – which Messi plays for – to trade digital assets and explore the growing world of web3. Lionel Messi Travels Deeper into the Crypto Space Few details have been announced regarding the deal, though it has been signed ahead of the 2022 FIFA World Cup which is set to take place in Qatar. This will...

It’s happened again, folks. Another digital currency exchange has decided to halt all withdrawals, thus preventing its customers from gaining access to their assets. This time around, the company in question is staking platform Freeway, which says one of its trading strategies has failed miserably. This is the reason it’s cited for its recent halting of customer withdrawals. Freeway Prevents Customers from Accessing Their Funds This has been a common theme in the crypto...

Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back in March of this year, Kraken said that it was going to be one of the few digital currency exchanges that would not comply with present U.S. sanctions, and it wouldn’t...

The Tel Aviv Stock Exchange (TASE) in Israel is looking to unveil a new digital currency trading platform within the next few years. The exchange will come to fruition between 2023 and 2027 and will provide customers with new blockchain-based trading services so they can get involved in the crypto scene. The TASE Is Making Way for Crypto In a recent statement, the TASE mentioned: TASE will promote the implementation of innovative technologies including DLT, tokenizing of...

Relai – a Swiss bitcoin app – is joining hands with Checkout.com to allow all its customers to purchase mainstream digital currency tokens like bitcoin and Ethereum. Relai and Checkout.com… A Perfect Match? The move is slated to improve crypto adoption and give the space a stronger level of legitimacy. Checkout.com is a global payments provider that works with companies around the world to ensure their customers can buy goods and services utilizing multiple payment...