Final clearance for the $12.7 billion repayment to FTX creditors as part of the settlement with the US Commodity Futures Trading Commission (CFTC) was given by a New York court for the now-defunct crypto exchange FTX and its sister trading business Alameda Research. Judgment on the $12.7 billion settlement agreement
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced an unprecedented milestone, achieving an all-time high daily trading volume of over 107 billion earlier this week. This remarkable figure represents a staggering four times increase compared to Bybit’s daily average trading volume of 25 billion, solidifying its position
Despite a year-over-year increase of more than 100%, Coinbase’s second-quarter revenues were down slightly from the previous quarter. Total revenue for the quarter came in at $1.45 billion, down 11% from the first quarter. Declining consumer transaction revenues contributed to this decline. Q2 customer transaction revenues for Coinbase were $665
Bybit, a cryptocurrency exchange, has decided to pull out of the French market. French users will be unable to buy any products, create new positions, or edit existing ones beginning August 2 at 8:00 UTC. A press statement from Bybit said that the decision applies to all of their products.
Ark Invest, which is headed by Cathie Wood, has sold off a substantial number of Coinbase (COIN) shares just before the cryptocurrency exchange reports its Q2 results. The recent sale of more than 12,000 COIN shares, according to data made public today, has sparked fears of a potential price decline
The Digital Rupee (eRupee), a new payment option for its INR consumers, is being introduced by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. Now available, this cutting-edge wallet-based mobile payment solution gives customers a safe and practical method to conduct transactions on the platform. The
Following its acquisition of FTX Japan, BitfFlyer Holdings intends to introduce possible crypto-based ETFs. After completing the purchase of all outstanding shares of FTX Japan, BitFlyer now owns 100% of the company. According to a tweet by bitFlyer Holdings CEO Yuzo Kano on July 26th, the new company intends to
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, revealed today that it has risen to second place in the derivatives market, according to the most recent CoinMarketCap data, cementing its position as the world’s second-largest crypto exchange by trading volume. This noteworthy accomplishment highlights Bybit’s dedication to provide its
With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been
On July 23, Mt. Gox started transferring funds again, this time sending over $3.2 billion worth of 47,500 Bitcoin to two anonymous addresses. Arkham Intelligence claims that Mt. Gox has 90,344 Bitcoins (BTC) valued at $6.02 billion; however, this information is out of date; the actual value of Mt. Gox’s
