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Former Morgan Stanley Developers Launch Crypto Derivatives Exchange

Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore.In a press release shared with CryptoX on Dec. 4, the former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering

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Crypto Exchange Gemini Burnt One-Fifth of Its GUSD Stablecoin Supply

Cryptocurrency exchange Gemini burnt about one-fifth of its Gemini Dollar (GUSD) stablecoin total supply on Dec. 3.Whale Alert — a Twitter account dedicated to tracking large cryptocurrency transactions — reported on Dec. 3 that 1,035,020 GUSD were burnt in a single operation. This number of tokens is equivalent to

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CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets

The decentralized cryptocurrency exchange (DEX) CryptoBridge announced that it is closing down in a message on its website.In the announcement, the exchange warns users that all of the firm’s services and servers will terminate after Dec. 15. Users will be able to withdraw funds from the exchange until the

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Binance Crypto Exchange Adds Four Trading Pairs for Russian Ruble

Major cryptocurrency exchange Binance listed four Russian ruble trading pairs, according to an announcement on Dec. 2.The first trading pairs featuring the ruble include Binance Coin (BNB), Bitcoin (BTC), Ether (ETH) and XRP. Binance CEO Changpeng Zhao commented on the development in a tweet sent the same day.Binance’s addition

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Crypto Exchange IDAX Suspends Operations as CEO Goes Missing

The Mongolia-based crypto exchange IDAX has updated its users about an odd situation regarding its missing CEO and has announced it restricts access to its cold wallet.The cryptocurrency exchange IDAX released an “urgent notice” on Friday, November 29th. The notice states that the company’s CEO has been missing since November

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Crypto Asset Exchange Poloniex Buys Decentralized TRON-Based Exchange TRXMarket

The US-based digital asset exchange Poloniex announced the acquisition of TRXMarket on November 27th. TRXMarket, a decentralize exchange that is based on the TRON (TRX) network, will now be called Poloni DEX and carry out functions under Poloniex.Poloniex, among the top global virtual asset exchanges, made the recent purchase as

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