Sat, February 1

DBS Bank Reports Surge in Crypto Purchase on DDEx Exchange

DBS reported a fourfold rise in the proportion of Bitcoin bought on DDEx. A 40% monthly decline sent the Bitcoin price below $20,000 in June 2022. According to statistics from one of Singapore’s largest banks, DBS Bank, institutional investors’ interest in Bitcoin (BTC) has increased after the massive selloff of

August 23, 2022 1 min read

Binance’s CCO Warns of New Con Technique Using Hologram

According to Hillmann, hackers created an AI (artificial intelligence) hologram. Hillmann did not reveal the cryptocurrency projects that were the focus. Fraudsters and hackers are become more sophisticated by incorporating new technologies into their operations. Last week, Binance’s CCO, Patrick Hillmann, revealed a unique and complex method by which attackers

August 23, 2022 1 min read

PayPal Has Joined Hands With Coinbase TRUST Network

PayPal and the Coinbase TRUST Network have collaborated. TRUST Network only had 18 members as of February, but it has since quickly expanded to 38. PayPal joined with Coinbase Travel Rule Universal Solution Technology (TRUST) network to comply with the financial industries  Coinbase announced that  “Coinbase is delighted to announce

August 23, 2022 1 min read

Samsung Securities Plans To Open Crypto Exchange in South Korea

Only two of the seven companies were uncovered by the research. Mirae Asset Securities has launched a new division under its sister firm. From rapidly sketching up a structure controlling the market to exploring a number of different platforms. Several conventional brokerages in South Korea were apparently getting ready to

August 22, 2022 2 mins read

Binance CEO CZ Speaks About Trading Jitters on Exchanges

The crypto community on Twitter concluded that CZ was making a jab at FTX. SBF said he would be willing to collaborate with the FDIC in the future. When Binance’s CEO, Changpeng “CZ,” Zhao, heard about the widely publicized problem of trading jitters on other cryptocurrency exchanges, he expressed worry

August 22, 2022 2 mins read

Gemini Exchange Introduces Staking Services For Polygon (MATIC)

There will be less technological requirements for its staking users. Gemini will pay for improvements to the infrastructure, as well as gas expenses. On August 18, Gemini finally began its staking process. Gemini said in a release that the MATIC token issued by Polygon can be staked and eligible for

August 21, 2022 2 mins read

Revenue Growth of FTX Surges by Over 1000% To $1.02B in 2021

FTX had $2.5 billion in cash and a 27% profit margin at the end of 2021. According to reports, FTX generated $270 million in Q1 2022. When Bitcoin (BTC) and other cryptocurrencies reached record highs in 2021, FTX was one of the several crypto exchanges that witnessed the entire phase.

August 21, 2022 1 min read

FTX CEO Sam Bankman-Fried Backs US Crypto Derivatives

First launched in 2019 as a derivatives exchange, FTX has since branched out. The cryptocurrency exchange completed the purchase of Ledger Holding in 2021. FTX CEO Sam Bankman-Fried insists that his focus remains on LedgerX (now rebranded as FTX US Derivatives). In October 2021, the cryptocurrency exchange completed the purchase

August 20, 2022 1 min read

FTX Freezes Privacy Platform ‘Aztec Networks’ Accounts

Aztec claims it has made improvements to discourage money laundering. This caution follows the United States government’s contentious decision. On Friday, Aztec Network, an Ethereum-based privacy-enhancing smart contract platform, responded on Twitter to user concerns that FTX, one of the world’s biggest cryptocurrency exchanges, is “freezing” the accounts of users

August 20, 2022 2 mins read

FDIC Scrutinizes FTX U.S Over Deposit Insurance Claims

The FDIC demanded taking down any content implying FDIC-insured. The FDIC requested that they refrain from making any additional such representations. Today, the FDIC revealed that five cryptocurrency firms had misled investors about the extent to which their deposits were insured. Among the entities mentioned were the cryptocurrency exchange FTX.US

August 20, 2022 2 mins read
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