Tag Archives: Exchange News

Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the funds and liquidity they’ll need to extract new units of crypto from the blockchain to be placed in circulation. Binance Is Trying to Help Crypto Miners Known as the “Binance Pool,” those taking part in the project and borrowing funds will have access to loans with terms...

The drama behind the now failing digital currency exchange FTX is getting larger, and it’s giving Gary Gensler – the man behind the Securities and Exchange Commission (SEC) an excuse to deepen his involvement. Gary Gensler Wants Higher SEC Involvement FTX was, at one point, one of the largest and most popular digital currency exchanges out there. At only three years old (it was founded in 2019), the company soon rose to the top to become one of the most profitable...

It could be argued that Sam Bankman-Fried was, at one point, a prince in the crypto arena awaiting his time to ascend to the digital throne. Many believed he had what it took to rule the space and dominate the digital currency world for years to come but given the circumstances surrounding his exchange at the time of writing, that image is fading relatively quickly. Sam Bankman-Fried Is No Longer Crypto Royalty Sam Bankman-Fried is a 30-year-old former crypto billionaire who recently saw...

Earlier in the week, Live Bitcoin News published an article saying that Binance, the world’s largest and most popular cryptocurrency exchange, had purchased its rival FTX, which is a trading platform run by Sam Bankman-Fried. FTX is a relatively new digital exchange, having been formed in 2019, and it was allegedly experiencing a liquidity crunch that required the company to be bailed out. What Do Analysts Think of What’s Happening with FTX? That’s where Binance came in....

In a surprise twist, Binance – the world’s largest and most popular digital currency trading firm – has agreed to purchase competitor FTX, which at this time is experiencing what it’s referring to as a “liquidity crunch” and is in need of some financial help. Binance Said It Would Buy FTX The irony is that FTX spent millions of dollars recently bailing other companies out of their messes. Who would have thought the enterprise that at one time appeared so popular and stable would now need...

The native token of FTX – a leading, yet new digital currency exchange – took a harsh dip in mid-November after news came about that Binance – one of the world’s biggest crypto trading platforms – was liquidating its holdings of the asset and ending its support for it as a means of preventing competition to its own native currency BNB Coin. FTX Is Having It Hard The FTX asset fell by as much as 15 percent following the news, and this leakage eventually made its way into...

Popular digital currency exchange FTX and its founder Sam Bankman-Fried are the subjects of a new investigation occurring in Texas. The state alleges that the company may have sold unregistered securities to dozens of customers. FTX Has Fallen into Texas’ Line of Vision This is an ongoing scheme in the cryptocurrency world. Many financial organizations like the Securities and Exchange Commission (SEC) are coming down hard on crypto firms that may not have taken the time...

Per data from Crypto Quant, people continue to take their bitcoin and digital currency funds out of exchanges. In October alone, more than $750 million in BTC was moved out of digital currency trading platforms in a single day. Why Are People No Longer Using Exchanges? This likely suggests that people continue to lose faith in crypto. The space has been crashing like crazy for the past several months, and the price of bitcoin is the real clincher. Just last year, bitcoin...

Bitcoin experienced a significant drop in mid-October of this year after roughly 48,000 units were moved out of Coinbase, one of the world’s leading and most popular digital currency trading platforms. Coinbase Loses a Lot of BTC Business The transaction was first reported on by Crypto Quant, which claims the outflow of bitcoin from Coinbase was the second largest in the history of the digital currency arena. The company claims this is proof that virtually everyone –...

It can be extremely difficult to establish a new digital token, much less have it listed on a legitimate exchange. Thus, traders should probably be giving Oobit Technologies a pat on the back, as it’s managed to do both within a relatively short period. Oobit Has Unveiled Its New Crypto Token Oobit – a crypto payments solution – has created what it’s calling the OBT utility token, which will be the official digital currency of the company. It was first listed on the MEXC...