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Articles by Crypto Exchange
ByBit Breach: $1.5 Billion in Funds Stolen as Exchange Vows to Return Customer Assets
The crypto exchange ByBit was hacked last Friday, resulting in US$1.5 billion lost — the largest single crypto theft in history. ByBit’s CEO, Ben Zhou, says the hack occurred during a routine transfer of assets from one of the exchange’s cold wallets to one of its warm-wallets used to cover daily trading volume. A professional response from ByBit has limited the damage, with exchange’s apparent preparedness suggesting the crypto industry may be learning from past mistakes.
South Korea to Revitalise Crypto Economy by Lifting Institutional Trading Ban
South Korea banned corporate crypto trading in 2017 due to money laundering concerns, but is now introducing regulated institutional access. The Financial Services Commission will allow 3,500 qualified professional investors to open real-name accounts for blockchain investments in late 2025, starting with a pilot program.
Mini Financial Crisis Will Force 30% BTC Correction, Predicts Arthur Hayes
Arthur Hayes, former CEO of crypto exchange BitMEX, said he expects a mini financial crisis to trigger a 30% correction in the price of Bitcoin before the price recovers to US$250,000 later this year. Hayes said the crisis will be triggered by a collapse in the US 10-year treasury market, before the Fed steps in and restarts money printing, leading to a strong recovery.
CEO of Bybit - on the power of memecoins, dislike of venture tokens, and listing features
Recently, Bybit conducted an online conference for the media, at which CEO Ben Zhou and Shunyiet Yan, head of institutional and derivatives business, shared plans for the development of the cryptocurrency exchange. Meme coins and investment strategies Zhou noted that among the crypto community there is increasing skepticism towards venture tokens, which are often perceived as pump and dump schemes.
CryptoQuant: Bitcoin Reserves on Exchanges Hit Low Not Seen in Years
Bitcoin exchange reserves have hit a multi-year low of 2.46M BTC, down from 3.2M in October 2021, as 171,000 BTC were withdrawn post-Trump’s election victory and moved to cold storage, signalling a shift toward long-term holding. Glassnode data shows that Bitcoin’s illiquid supply held by long-term investors has grown by 185,000 BTC in the last 30 days, reaching 14.8M coins, or 75% of Bitcoin’s total circulating supply.
US Federal Judge Grills SEC Over Refusal to Define Simple Questions About BTC, ETH
The Securities and Exchange Commission spent much of 2024 suing crypto exchanges and products operating within the US, typically over the sale of “unregistered securities”. The legal battles have drawn out over the year, with Coinbase itself taking on the SEC and accusing them of being unwilling to draft legislation that provides regulatory clarity. The ongoing trial saw the three presiding judges blast the SEC over its refusal to explain several of its policies and positions.
eToro USA Settles SEC Charges, Limits Crypto Trading Options
eToro has settled its legal case with the US SEC, agreeing to pay a US$1.5 million (AU$2.2m) penalty and limit its crypto offerings to just three tokens — Bitcoin, Bitcoin Cash and Ether. The SEC had alleged eToro had been operating as an unregistered broker and clearing agency since at least 2020 by offering crypto assets as securities.
ByBit crypto exchange receives VASP license in UAE
The UAE Virtual Regulatory Authority website has just listed ByBit crypto exchange, the second largest crypto exchange globally, as a licensed VASP ( Virtual Asset Service Provider), pending final authorizations and requirements. Once the license is fully received Bybit will offer crypto exchange services institutional Investors, Qualified Investors and Retail Investors.
Russia Soon to Start Crypto Exchange Trials and Digital Cross-Border Payments
Russia has moved toward embracing cryptocurrency to avoid sanctions imposed by Western governments following the nation’s invasion of Ukraine. Reports have surfaced that the Russian government is commencing trials to determine if cross-country crypto settlements could improve the financial situation for local businesses dealing with China and other international banks. The trials will utilise Russia’s National Payment Card System, regulated by the nation’s central bank.
Arthur Hayes Claims BTC Will Hit $1M, Says Presidential Outcome Irrelevant
Founder of BitMEX, Arthur Hayes, predicts Bitcoin could top US$1 million this cycle—driven largely by continued money printing in the US. Hayes also says the result of the US presidential election will be fairly meaningless for crypto, as regardless of the result, both candidates will continue to print money, driving up the price of crypto.
AFP: Phishing Scam Compromises Thousands of Australian Crypto Wallets
As part of the multi-national anti-scam effort, Operation Spincaster, the AFP has identified over 2,000 compromised Australian crypto wallets at risk of losing assets after falling victim to ‘approval phishing’ scams. Operation Spincaster was launched earlier this year by blockchain analytics firm, Chainalysis, and is a collaborative effort to combat crypto scams involving law enforcement agencies across six different countries and numerous crypto exchanges.
Entertainment Giant Sony to Launch Crypto Exchange in Japan
Sony is launching a crypto exchange by renaming the WhaleFin platform, enhancing its user interface and adding a new app. Sony acquired Amber Japan, which faced financial issues in the wake of the FTX debacle. Sony’s partnership with Startale Labs, which will lead the new exchange, builds on their collaboration on Sony’s blockchain. Japanese multinational conglomerate Sony is expanding its reach, venturing into the crypto space.
Kraken Executive Refutes Claims of USDT Delisting in Europe Amid New Regulations
Kraken is monitoring developments around stablecoins due to the new EU MiCA regulations, which could limit trading with these assets. Mark Greenberg from Kraken denies any plans to delist USDT, emphasising compliance and ongoing support under EU regulations. MiCA imposes strict requirements on stablecoin issuers, including reserve maintenance and licensing, potentially impacting Kraken’s operations.
Bybit launches Dynamic Delta Hedging enabling traders to navigate market volatility
Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce the launch of its latest innovation, Dynamic Delta Hedging. This cutting-edge risk management tool empowers institutions and professional traders, enabling them to navigate market volatility with precision. Dynamic Delta Hedging offers automated adjustments that recalibrate the delta of traders’ portfolios every six seconds.
Analyst Predicts Link Rally, Massive Price Targets Unveiled Amid Tokenisation Developments
Chainlink’s price has reached $19.98, marking a 178% increase over 12 months, yet remains below its May 2021 high. Michaël van de Poppe predicts a potential rise to $35 for Chainlink, citing its ability to convert resistance levels to support. Beyond oracles, Chainlink explores CCIP and tokenisation, with significant developments in carbon credits and real estate tokenisation. Chainlink has had a good run, both price-wise and news-wise, since last October.
SWIFT to Launch CBDC Platform Following Successful Experiment
Global bank messaging system SWIFT is currently connected to tens of thousands of institutions across the world. The team has successfully completed a six-month-long experiment that tested whether infrastructure was viable to release a central-backed digital currency and corresponding platform. The technology has the potential to vastly improve international transaction speeds and costs across banks. The platform is also scalable to other digital assets, such as tokenised stocks, bonds and more.
KuCoin Executives Hit with US Criminal Charges in Billion-Dollar Conspiracy Case
US Federal prosecutors allege KuCoin and its founders have breached US law by failing to implement even basic anti-money laundering measures and by failing to register to operate within the US. Authorities say they will pursue criminal charges against the exchange and its founders in addition to monetary fines and trading bans. Charges come after a similar case against Binance was settled last year resulting in a criminal charge against the CEO and approximately US$4 billion in penalties.
London Stock Exchange to Launch Bitcoin and Ethereum Notes, Excludes Retail Investors
London Stock Exchange will start accepting applications for Bitcoin and Ethereum Exchange Traded Notes (ETN) in Q2 of this year—the launch date has not yet been announced. The ETNs will be subject to several approval criteria and even if met, the LSE says it still reserves the right to deny listing. Access to the ETNs will be limited to professional investors only.
Bybit partners with DMCC Crypto Centre to wrap up groundbreaking hackathon
Bybit, the world’s third-largest crypto exchange by volume, partnered with DMCC Crypto Centre to successfully wrap up a groundbreaking hackathon, empowering Web3 innovation in Dubai. The collaborative effort between Bybit and DMCC, announced in June to foster the mass adoption of Crypto and Web3 in Dubai, culminated in the largest hackathon in the MENA region.
Hakan Ozdemir elevated to CEO of Siemens Smart Infrastructure, Middle East
Siemens named Hakan Ozdemir the Chief Executive Officer of Siemens Smart Infrastructure in the Middle East. He succeeds Franco Atassi, who held the position since 2019. Ozdemir joined Siemens in 2014 as the director of strategy and business development in Turkey, after working for other prominent companies in the U.S., Germany, and Turkey. He is a seasoned management professional with broad experience in industry, infrastructure, healthcare and technology.
Crypto exchange, Bybit celebrates fifth anniversary with personality-based trading competition.
Bybit, the world’s third-largest crypto exchange by volume, is celebrating its fifth anniversary with a unique personality-based trading competition. This initiative invites crypto enthusiasts to discover their trading personalities, gain NFTs, and join their fellows in a team competition that rewards trading prowess.
DP World's Jebel Ali Free Zone, Group AMANA complete Phase 1 Jafza Logistics Park
DP World’s Jebel Ali Free Zone has successfully completed Phase 1 of Jafza Logistics Park, a multi-tenant logistics warehousing facility developed in collaboration with Group AMANA. Jafza Logistics Park is a significant milestone in DP World’s commitment to providing world-class logistics solutions to meet the growing demand for warehousing and distribution space in the region.
Crypto Exploits Stemming from Infrastructure Vulnerabilities, According to ImmuneFi
The prominent bug bounty platform in Web3, ImmuneFi, has published a report delineating the primary causes of crypto exploits in the current landscape. “Infrastructure is king. 46.5% of all hacks in 2022 in monetary terms occurred via infrastructure,” the statement noted.
ZachXBT says CoinSpot wallets appear to have lost around $2 million of crypto in possible hack
Australian crypto exchange CoinSpot might have suffered an exploit, according to blockchain sleuth ZachXBT. Two of the exchange’s wallets appear to have lost more than 1,282 ETH in a matter of 5 minutes. Two wallets connected to CoinSpot, an Australian crypto exchange, appear to have been drained of funds worth around $2 million, an on-chain crypto sleuth who goes by the nickname ZachXBT posted in his Telegram channel. ZachXBT pointed at two transactions as evidence.
Next Xbox Could Feature Crypto Wallet, But You May Have to Wait for It
In leaked court documents surrounding the United States Federal Trade Commission (FTC) v. Microsoft case, some surprises made it to the light of day. The FTC, equivalent to the Australian Competition and Consumer Commission (ACCC), is currently in legal proceedings over a planned merger between Microsoft Corp. and Activision Blizzard. As The Verge reported, leaked court documents have surfaced with parts of unredacted text.
ASIC Sues Crypto Exchange Over Design and Distribution Failures, Here is What Aussie Customers Need to Know
Yesterday, the Australian Securities and Investments Commission (ASIC) filed civil court action against the popular Californian crypto trading platform Kraken. Kraken’s provider, Bit Trade Pty Ltd, will undergo legal proceedings in the Federal Court. ASIC’s allegations are targeted toward Kraken’s margin trading product – a form of leveraged trading that allows investors to borrow money and amplify potential losses (or gains).
Bybit Opens its Global Headquarters in Dubai
Bybit, one of the leading crypto exchanges, has announced that it has opened its global headquarters in Dubai. Dubai is one of the seven emirates of the United Arab Emirates (UAE). The region has come to the fore with crypto-friendly developments and statements in the last few years. Dubai executives have stated many times that they aim to become a crypto hub in the future.
Bybit Launches $100M Fund to Support Institutional Companies
Crypto exchange Bybit has announced that it has launched a $100 million fund to support institutional companies as the cryptocurrency market goes through tough times. Although the crypto industry has been going through a bear market almost since the beginning of 2022, the recent FTX bankruptcy has increased industry-wide unease. In this process, big players in the industry, primarily Binance, announced that they started funds to prevent possible losses of institutional companies.
CoinDCX Announces Winners Of Hackathon Organised At Unfold 2022
Created in partnership with hackathon expert Devfolio, the registrations for the hackathon commenced earlier this month. The participants were given the choice of working on multiple chains and protocols, and topics for the challenges included DAO Tooling, P2P payments apps, Refi (Regenerative Finance), use cases for NFTs in Dapps, Router Protocol App, etc, from 13 different sponsors.
Choose Your Crypto Exchange Smartly With These 5 Tips
How do you choose a great crypto exchange What are the most important elements to consider when selecting an exchange to store your digital assets and hard-earned cash? Before making a major decision, you must carefully evaluate the following factors. Before picking a cryptocurrency exchange, there are other criteria and considerations to keep in mind.
News Highlights: Top Financial Services News of the Day
Investors Return to Stock Funds, Starting to Reverse Recent Exodus Investors funneled a net $11.7 billion into equity mutual funds and exchange-traded funds over the two-week period ended last Wednesday, a shift from earlier in the summer.
NAVI enters into the 3 years of partnership with Bybit
Ukrainian esports organization Natus Vincere or NAVI opted for a partnership with crypto exchange Bybit for three years. Following the footprints of the other examples converging between the cryptos and the esports, Bybit is now sponsoring the major CIS organization. It is putting its effort to put its name on the map in its esports space. This deal will now see the players of NAVI donning the logo of the exchange on their jerseys.
Bitcoin price hits new record high, fuels fresh demands for regulation
As Bitcoin hits all-time price highs, regulation must now become a major priority for financial watchdogs, affirms the CEO and founder of deVere Group, Nigel Green. The deVere Group is of one of the world’s largest independent financial advisory organisations, The call-to-action from Green comes as the price of Bitcoin hit a new record high, surging past $61,000 on the deVere Crypto exchange on Sunday for the first time.
Crypto Exchange Model for Businesses
By Antier Solutions 🛡️ on The Capital With the increased adoption of cryptocurrencies, crypto exchange owners are raking in huge profits. One of the leading crypto exchanges, Binance, crossed $1 billion in cumulative profit last year in 2019. It is documented that the revenue of crypto exchanges is outperforming the revenue generated by Europe’s leading financial institutions — The Deutsche Bank in Germany.
Beijing Regulator Ruled out the Possibility of Licensing Crypto Exchanges
By Marko Vidrih on The Capital On January 11, the director of the Beijing financial regulator, Huo Xuewen, said that control over cryptocurrencies in the capital of China will be tightened, writes local media 8btc. The Beijing Financial Bureau does not accept the issue of cryptocurrencies since cryptocurrencies cannot be used as legal tender in digital form. Huo emphasized that only the People’s Bank of China can issue legal cryptocurrencies.
Crypto Exchange Suddenly Suspend Withdrawals Funds for 3-4 Weeks
By Marko Vidrih on The Capital On January 7, the Singapore cryptocurrency exchange COSS, without any prior notice, informed users that trading on the platform, depositing and withdrawing funds was closed for 3–4 weeks. The reason indicated is the need to disable the exchange website, while funds from the “warm wallet” will be transferred to a new one. “There is no need to panic,” the company writes. About 200,000 people on the platform with assets of $2 million, think differently.
10 Easy Steps to Start a Crypto Exchange in 2020
By Antier Solutions 🛡️ on Altcoin Academy The size of the billion-dollar cryptocurrency market is a testament to the burgeoning popularity and global adoption of cryptocurrencies. The number of cryptocurrencies has grown to over 2,300 through 2019, according to CoinMarketCap, and the market has witnessed an incredible increase in the number of crypto investors over the past decade.
Ex-Kraken Employee Claims to Be Fired After Revealing Illegal Practices
December 19, 2019, by Marko Vidrih on ALTCOIN MAGAZINE A former Kraken employee sues the cryptocurrency exchange, accusing it of unjustified dismissal after he raised the question of the dubious nature of the company’s business practices. Nathan Runyon, a former military man with disabilities, intends to seek compensation from the company for harassment at work, discrimination and violation of the terms of the contract.
Best Practices For Building An Optimal Cryptocurrency Trading Exchange Platform
By Ionixx Technologies on Altcoin Academy With tech pervading our lives in every possible way, our transactions have gotten digital and with crypto dominating the space for a while now, the power of decentralized trading has gradually taken centerstage. Not being controlled by a central authoritative body, cryptocurrencies enjoy the immunity of policy changes and are not subject to heavy laws.
Instant Crypto Exchange
Broadcast in Management Sat, Aug 17, 2019 05:30PM UTC Call in to speak with the host (515) 602-9693 skype h:1335903 s:11467171 upcoming instant cryptocurrency exchange changeangel.io is a crypto to crypto, wallet to wallet, no-custody, swap exchange service. The first currencies to be listed for direct swapping are: DGB, POT, GRS, DCR, LTC, BTC, ETH, USDC and BTG. Comments
ICO Klondike Is Over. Crypto Exchanges Must Be SLIM
It’s clear that the golden times for ICOs raising millions are but a figment of the past. Although there is a trending discussion whether STO will be the a phenomenon or not, the truth is that investors remain cautious. There are now more than 200 crypto exchanges on the playground according to Coinmarketcap data. With the abundance of crypto exchanges out there, this begs to question, what will make them successful? There are in fact problems all round in the crypto markets these days.
Police Seized ATM Run By Crypto Exchange
Weeks after the local crypto exchange Unocoin set up India’s first digital currency ATM in the city of Bangalore, it has been raided by the Indian police force. In a recent news report, the Times of India said that the co-founder and chief technology officer of the Unocoin exchange, Harish BV was arrested after he was operating the ATM that was installed in a local shopping centre.
Police Seized ATM Run By Crypto Exchange
Weeks after the local crypto exchange Unocoin set up India’s first digital currency ATM in the city of Bangalore, it has been raided by the Indian police force. In a recent news report, the Times of India said that the co-founder and chief technology officer of the Unocoin exchange, Harish BV was arrested after he was operating the ATM that was installed in a local shopping centre.
Fix Your Binance Exchanges Issues with Expert
If you are using Binance crypto for exchanging and trading and facing any technical issues such as unable to send or receive bitcoins, payment gateway not working or hacked, unable to cash your bitcoins etc., then don't be panic. We are here to help you.
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