Tag Archives: Exchange News

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...

Paxful – a global peer-to-peer (P2P) fintech platform – is working with iProov, a company that specializes in biometric authentication technology. Together, both firms will utilize the facial recognition technology iProov is known for to verify customers are who they say they are when being onboarded or engaging in digital transactions. Paxful Is Looking to Eliminate Crypto Crime The crypto world has grown heavily in recent years, and this has come with a downside. That...

Popular digital currency exchange Coinbase is in hot water after executives were accused of selling users’ private data to ICE (Immigrations and Customs Enforcement). Coinbase Accused of Selling Private Data While specific data of customers is not being disclosed to the agency, Coinbase is allegedly providing it with a suite of features that can be used to track and trace crypto holders on its platform. The company also announced that it was looking to obtain licenses to...

In late June, bitcoin briefly sank below the $19,000 mark again for the first time in several weeks following news that Three Arrows Capital – a cryptocurrency hedge fund – was being forced to liquidate. Three Arrows Capital Is Falling Apart The organization had been under suspicious eyes for some time. Not long ago, representatives of Three Arrows Capital swore that no liquidation was coming, claiming the following: We are in the process of communicating with relevant...

Hackers in North Korea are once again making headlines. They are being blamed for the recent attack on a California-based crypto exchange called Harmony that ultimately resulted in more than $100 million in crypto funds vanishing overnight. Hackers in North Korea Labeled “Harmony Attackers” Three digital investigative firms have concluded that North Korea was at the center of the attack on Harmony. The money was stolen on the date of June 23 from a division known as...

FTX – one of the largest and newest crypto exchanges in the world – has partnered with Diesel Wynwood Condominium, a luxury residential apartment complex in Miami. The partnership will allow residents to pay their rents and respective living fees with crypto. FTX Joins Hands with Disel Wynwood At the center of the partnership is a firm known as West Realm Shires Services, a payment processing division of FTX. This company will convert any crypto used for rent payments...