Tag Archives: Exchange News

Could Coinbase lose its position as the number one digital currency exchange in the western hemisphere? Coinbase Is Really Hitting the Bottom The crypto exchange is often cited as one of the largest and most popular crypto trading companies in the world. It was also the first digital currency exchange to ever go public, first joining the Nasdaq in April of last year. Things were looking up for the exchange, and many felt the company was going to reach a peak unlike...

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ultimately paused all customer withdrawals as a means of coping with ongoing market volatility. Celsius Is Filing Bankruptcy Sadly, things didn’t quite stop here. Word has since been received that Celsius is now entering bankruptcy proceedings, hinting that maybe this crypto...

Coin Switch – a digital currency investing app – has announced Sudheer Tumuluru as the head of its crypto engineering department. Coin Switch Has Added Many People to Its Payroll Sudheer previously served as the vice president of engineering for fashion for the e-commerce company Myntra. He has worked extensively with big data, cloud, and infrastructure platforms, and with several companies in both the United States and India. He’s excited to be bringing his wealth of...

American football star Tom Brady – who has recently become the celebrity front man for FTX, a new yet increasingly-popular digital currency exchange – was recently featured in an odd, yet interesting advertisement for the platform in which he melted a block of ice containing a single bitcoin with a flamethrower, thus symbolizing that no crypto winter can stop the space from flourishing. Tom Brady Is Seen Promoting FTX In the ad, Brady is seen standing next to a pool. He...

The rumors have been confirmed. Three Arrows Capital – which long denied it was in any trouble – is not only being forced to liquidate its assets, but it is now filing for Chapter 15 bankruptcy protection according to an official press release. Three Arrows Capital Is Kaput The company – just a few weeks ago – liquidated all its assets in the British Virgin Islands. Now, bankruptcy proceedings have concluded in a New York state court. The unique points of Chapter 15 are...

Crypto exchanges in India are doing very poorly as of late. Companies like Wazir X, Coin DCX, and Zebpay are experiencing their lowest trading volumes, and executives don’t know what to do. Crypto Exchanges in India Are Not Doing Well Things have taken a nasty turn in recent weeks as the crypto market continues to slump. Bitcoin, for example, has fallen to about $21,000 per unit at the time of writing when just nine months ago, the currency was trading for around...

Investment app Plynk is announcing the launch of what it’s calling Plynk Crypto, a new division that will permit novice traders to gain exposure to some of the world’s largest and most popular digital assets. Plynk Is Stepping into the Crypto Space At the time of writing, the application is allowing customers to hold bitcoin, Ethereum, bitcoin cash, and Litecoin through the Paxos Trust Company, which Plynk is partnering with. Plynk is designed for new investors or those...

Voyager Digital – a cryptocurrency broker and lender – has declared bankruptcy. The crypto space continues to crash and it’s taking all kinds of companies down with it. Voyager Digital Is Crashing with the Crypto Space Voyager Digital is now the latest victim of the crypto space’s ongoing demise. A few weeks ago, the company suspended all withdrawals – clearly following in Celsius’ footsteps – and commented that the volatility the space was experiencing was unlike...

Binance – the world’s largest and most popular cryptocurrency exchange according to trading volumes – has announced it’s eliminating some of its trading fees. Binance Bids Adieu to Some Trading Fees The fees are being removed for approximately 13 separate trading pairs. The founder of the exchange Changpeng Zhao stated in a recent interview: In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its...