Sun, February 2

Cathie Wood Led Ark Invest Buys Coinbase Shares Worth $21.4M

420,949 shares of Coinbase (COIN) were acquired by Ark Invest, an investment company led by protracted Bitcoin advocate Cathie Wood, for just around $21.4 million, as reported by the firm’s daily transaction brief. About 33,000 of the total bought shares went to ARKK, the company’s flagship exchange-traded fund (ETF) that

November 9, 2022 1 min read

Coinbase CEO Claims No Exposure to FTX, FTT Token and Alameda

Following Binance’s announcement that it will acquire FTX, Coinbase CEO Brian Armstrong went to Twitter to address customers’ worries about the exchange’s impact on his company. Armstrong began by expressing his empathy for everyone affected by the present FTX issue. In a series of Twitter threads, Armstrong cleared out a

November 9, 2022 2 mins read

Robinhood Shares Drop 20% Amid Binance Acquiring FTX

As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,

November 9, 2022 1 min read

Coinbase Germany Under Scrutiny by Financial Regulator BaFin

BaFin, Germany’s Federal Financial Supervisory Authority, has mandated that Coinbase’s German subsidiary get its house in order. BaFin, Germany’s financial regulator, has said that it has discovered irregularities in how Coinbase Germany operates. The company’s corporate structure was criticized for allegedly violating applicable regulations. Moreover, after conducting an audit, the

November 9, 2022 2 mins read

Deribit Hacker Starts Transferring Stolen ETH Via Tornado Cash

The attacker began transferring the stolen assets less than a week after attacking one of the top cryptocurrency derivatives exchange, Deribit. Hacker sent 1,610 Ether (ETH) worth over $2.5 million to the U.S. sanctioned crypto mixer Tornado Cash on November 5, leaving roughly 7,501 ETH remaining. Reports of a $28

November 8, 2022 1 min read

BitMEX Announces Official Launch Date of Native Token BMEX

The cryptocurrency trading platform BitMEX announced on Tuesday that its native BMEX coin would begin trading on November 11. Members who hold and stake BMEX tokens on the BitMEX platform will get access to discounted trading fees, staking awards, fee-free withdrawals, and other premium features. With the debut of BMEX

November 8, 2022 2 mins read

Among Top Exchanges, MEXC Ranks First in Crypto Futures Liquidity

Liquidity in a cryptocurrency exchange is essential for fair price discovery. It further signifies confidence that the exchange commands amongst its users.  MEXC has consistently performed well in this aspect. Even during the worst month in 2022, according to crypto trading volumes, MEXC has outperformed its competitors by huge margins.

November 8, 2022 4 mins read

Binance CEO CZ Reveals Exchange Still Holds Terra Classic (LUNC)

Changpeng Zhao (CZ), CEO of Binance, said yesterday in a tweet that the exchange is still holding Terra Luna Classic (LUNC) in its inventory. He mentioned this while suggesting that the firm was uninterested in Alameda Research’s offer. To swap its FTT holdings over the counter at a premium price.

November 8, 2022 2 mins read

Binance Added Nigerian Naira (NGN) In Its Trading Gateway

Binance the world’s most prominent cryptocurrency exchange announced that once again it has added a fiat gateway for the Nigerian Naira (NGN). Binance making more effort to extend cryptocurrency use and accessibility for the general public. As part of this Nigerian users can now able to deposit and withdraw NGN

November 8, 2022 1 min read

FTX’s FTT Token Price Drops 10% Post Mass Dump by Binance

Following recent developments, Binance CEO Changpeng Zhao declared over the weekend that the exchange will sell off all of its FTT holdings. After the announcement, the price of FTT dropped dramatically, losing about 10% of its value in a single day. Before the crypto community had time to process what

November 8, 2022 2 mins read
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