Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning about a fraudulent entity pretending to be the legitimate crypto exchange MEXC Global. This deceptive scheme involves luring unsuspecting victims into a crypto investment scam by masquerading as a virtual asset trading platform (VATP). The scammers are utilizing phishing
Exchanges
Cryptocurrencies have undergone significant growth in recent months, resulting in a surge in demand for custodial accounts. This article will explore the reasons behind this increased interest in custodial solutions and analyze how investor behavior has shifted towards short-term utilization of such wallets. The hype surrounding the spot Bitcoin exchange-traded fund (ETF) has played a
The cryptocurrency exchange Binance, known for its high trading volume, recently announced that it would be delisting Monero’s XMR and Multichain’s MULTI by February 20th. In addition to these digital assets, Binance also revealed that tokens such as Aragon (ANT) and Vai (VAI) would be delisted from several products on its platform due to failure
The recent airdrop conducted by Solana-based Jupiter has generated significant excitement within the crypto community. This airdrop has not only propelled decentralized exchange (DEX) trading activity on the Solana network but has also surpassed the trading volume on Ethereum-based platforms. This article will delve into the details of this remarkable achievement and explore the implications
In a stunning turn of events, FTX, the embattled cryptocurrency exchange, has made the decision to forego any attempts at revival and instead liquidate its assets. FTX’s attorney, Andy Dietderich, divulged this information during the latest bankruptcy hearing on January 31st, leaving the crypto community in shock. The announcement had an immediate impact on FTX’s
In a breakthrough development, Binance, one of the leading cryptocurrency exchanges, has unveiled a solution that allows institutional investors to secure their trading collateral through a third-party banking partner. This innovative arrangement, called “banking triparty,” aims to address the primary concern of counterparty risk, which has been a significant consideration for institutional investors. After two
With Bitcoin experiencing a 20% decrease from its year-to-date high, it is crucial to examine the broader picture of the cryptocurrency market. Specifically, the lawsuits filed against Coinbase and Binance in June 2023 have significant implications for the industry. These lawsuits question whether the crypto assets offered by these exchanges should be categorized as securities
Coinbase, one of the leading cryptocurrency exchanges in the world, has recently announced its plans to diversify its execution clients in order to address concerns surrounding the dominance of go-Ethereum (Geth). With an aim to enhance security and mitigate potential risks, Coinbase Cloud has been actively evaluating alternative qualified execution clients for its platform. The
Crypto exchange Gemini has successfully obtained registration as a Digital Asset Service Provider (DASP) in France, allowing the platform to offer its services to both retail and institutional customers in the country. The registration, granted by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, marks a significant milestone for Gemini’s expansion plans.
Coinbase Prime, the leading crypto platform catered to institutional investors, has experienced a significant increase in trading activity after the introduction of spot Bitcoin ETFs in the United States. The analysis conducted by CryptoSlate reveals a surge in the inflow of funds to a hot wallet on Coinbase Prime over the past week. This wallet,