In a recent turn of events, the Justin Sun-related crypto exchange HTX, formerly known as Huobi, has resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move follows the withdrawal of its initial application, which was filed through its Hong Kong subsidiary Huobi HK on Feb. 20. Surprisingly, the
Exchanges
Saturn, a peer-to-peer order book built on the Bitcoin network, recently announced that it has secured $800,000 in seed funding led by Sora Ventures. This capital will allow Saturn to expedite its vision for Bitcoin-based fungibility. The platform plans to use the funds to enhance its technical infrastructure, expand its team, and focus on targeted
It was on Feb 23 when users of the Hong Kong-based crypto exchange BitForex were hit with confusion and frustration as the website and trading application were suddenly suspended. This abrupt halt left users unable to initiate withdrawals or access the exchange, which had boasted a massive $2 billion in trading volume just a day
Kraken, a prominent player in the digital asset industry, has recently come under fire from the US Securities and Exchange Commission (SEC). Their claims against Kraken seem to be centered around allegations of operating unlawfully as an unregistered securities exchange, broker-dealer, and clearing agency. However, Kraken has been quick to refute these allegations, stating that
Bitcoin’s price is currently hovering around the $52,000 mark, attracting the attention of many investors and enthusiasts. However, beneath the seemingly stable market surface, there lies a complex web of buy and sell orders that dictate the liquidity dynamics of the cryptocurrency. By analyzing the critical 2% market depth, we gain insight into the delicate
Ping Exchange has set a new standard in digital assets trading by introducing a hybrid custodial cold storage model that prioritizes user security. Unlike traditional exchanges that rely on username and password combinations or 2FA methods, Ping leverages the CorePass ID application for secure user authentication. This blockchain-secured identity information, combined with rapid QR code
Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, made serious allegations against Binance. He claimed that the cryptocurrency exchange was manipulating the exchange rate for Nigeria and essentially taking over the role of the Central Bank of Nigeria (CBN). Onanuga called for action from the Economic and Financial Crimes Commission (EFCC) and
In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior has been significant, especially considering that over 17% of Bitcoin’s total supply was housed on exchanges at one point. The trend of decreasing exchange balances has persisted, even amidst Bitcoin’s 2021 bull
Recently, Coinbase’s non-US exchange achieved a significant milestone by reaching over $1 billion in daily trading volume on February 20th. This marked the first time that the exchange surpassed the $1 billion mark in terms of trading volume, indicating a significant growth trajectory for the service. According to live data, as of 8:15 pm UTC
In a recent announcement, popular cryptocurrency exchange Binance revealed its decision to discontinue trading and subscription services for its leveraged token offerings. This move, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and Binance Coin (BNB). Binance will be delisting leveraged tokens including BTCUP, BTCDOWN, ETHUP, ETHDOWN, and BNBUP,