Cryptocurrency Analysis and News Portal
Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds.Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cryptocurrency
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A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe that the company was breached, leading to as much as $100 million in crypto being drained by the attackers.On Nov. 10, millions of crypto assets were
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"The CME has been gaining market share for almost all of 2023, but these gains intensified over the past few weeks as market excitement around the BTC spot ETF applications soared," David Lawant, head of research at trading platform FalconX, told CoinDesk in a note. Source
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Frankfurt Stock Exchange owner Deutsche Börse has included crypto in its strategic priorities for the coming years. According to the “Horizon 2026” report published on Nov. 7, Deutsche Börse seeks “an expansion of the leading position in the area of digital platforms for existing and new asset classes.” The company believes
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Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet.According to Bitget, the effort aims to provide users with options for trading their crypto assets on the exchange. The app will
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After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen. The future of the bankrupt cryptocurrency exchange FTX Trading Ltd, popularly known as FTX, is expected to be decided before the end of this
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Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets.According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hackers wallet. Afterwards, the wallet’s owner bridged
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The SEC pushed back against Binance and Binance.US's motion to dismiss the suit it brought earlier this summer, saying the motion relies on "distorted" and "tortured" interpretations of both federal law and precedents. The SEC first sued Binance in June, a day before suing Coinbase, arguing both companies offered unregistered
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The U.S.-based crypto exchange Kraken is launching its offerings in Belgium utilizing its EU subsidiary. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. In a blog post on Nov. 7, the San Francisco-based crypto exchange said the move was made
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Binance hopes to remedy that with multi-party computation (MPC), which removes the need for users to memorize seed phrases without compromising the benefits of security and self-custody. MPC involves a private key being broken up into three parts called key shares, with two of the three key shares being controlled
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