Customers of the cryptocurrency exchange Crypto.com were informed today via an email that all deposits and withdrawals for the USDT and USDC tokens from Circle and Tether have been halted on the Solana network. Though the email said that the freeze would take place immediately, it did not specify why
The Sam Backman Fried exchange FTX is under regulatory scrutiny in the US as a consequence of Binance’s withdrawal from the acquisition of FTX. The United States Securities and Exchange Commission is investigating into cryptocurrency exchange. The Commodity Futures Trading Commission (CFTC), according to Bloomberg, is also probing the cryptocurrency
Binance, the top cryptocurrency exchange in the world, declared on Wednesday that it will not proceed with the acquisition of FTX. As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will
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
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,
World’s one of the most prominent cryptocurrency exchanges FTX CEO Sam Bankman-Fried’s total net worth fell by nearly 94% to $991.5 million in a single day. Also, he has disappeared from the Bloomberg Billionaires Index. Prior to FTX financial crisis, SBF’s personal wealth was estimated to be $15.2 billion, as
Binance CEO Changpeng Zhao confirmed the largest exchange’s move to “fully acquire” its rival FTX on Twitter on Tuesday, putting an end to all the speculations. Binance signing a non-binding letter of intent (LOI) with FTX.com marked the initiation of the bailout. This afternoon, FTX asked for our help. There
The CEO of Binance, Changpeng “CZ” Zhao, announced that his exchange would soon launch a Proof-of-Reserves audit mechanism to enable verification of its holdings of digital assets in the wake of the liquidity issue and the acquisition of cryptocurrency exchange FTX. All crypto exchanges should do merkle-tree proof-of-reserves. Banks run
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.
Despite the sustained decline in cryptocurrency prices, crypto exchange Gemini stated today that it has expanded its services to five additional European countries, increasing its total number of European countries where it operates to 12. Over a hundred cryptocurrencies, including dozens of DeFi tokens, are accessible to traders in Croatia,
