Exchange News

Changpeng Zhao announced that the transfer of BTC worth $2 billion was a part of the Proof-of-Reserve Audit. The fund was apparently transferred under an auditor’s request to show that...

The crypto lending firm BlockFi has willingly filed for US bankruptcy under Chapter 11. The firm will revise efforts to collect debts owing to BlockFi by its partners, eg FTX...

Crypto influencer Lark Davis anticipates bankruptcy announcement from AAX. AAX paused user withdrawals on November 14. The exchange’s VP of global marketing and communications, Ben Caselin has stepped down. Cryptocurrency...

Changpeng Zho responded to Jesse Powell’s tweet on the pointlessness of PoR launched by Binance. Jesse P said PoR is pointless as it is devoid of liabilities. CZ responded that...

Binance CEO calls critics’ objections a healthy check, promising to provide apt feedback. Previously, Kraken’s CEO challenged Binance’s published proof-of-reserve. He claimed the statement of assets is pointless without liabilities....

Crypto exchanges in South Korea have announced the delisting of WEMIX. Wemade made accusations of disseminating incorrect information by WEMIX. President Yoon Suk-Yeol may lift the bans for play-to-earn blockchain...

Bitso has yielded to the demands of users to release its solvency status. Binance, Coinbase, and KuCoin have published specific details of users’ funds under their watch. However, Bitso’s chief...

Binance announced that it has decided to delist certain trading pairs. Users will be able to trade the delisted assets on other trading pairs that are available. The exchange platform...

Glassnode Alerts reveal a 23-month low transaction volume worth $30k for BTC. This is a drop from $116K as per data released on November 23. BTC is currently trading steady...

The FTX collapse has injected urgency to regulate the global crypto industry. The crypto exchange’s collapse left over a million creditors with losses in billions of dollars. IOSCO association laid...

Crypto lender Hodlnaut faces investigation from Singapore authorities. The probe is on based on grounds of conjectured fraud. Hodlnaut had halted withdrawals in August citing harsh market conditions. Financially troubled...

FTX spent at least $121 million on premium property for staff, including seven condos at Albany resort. The fallen FTX CEO’s parents now own a $16.4 million vacation home in...

Jason Morton, Owen Morton, and Shane Morton alleged that Nexo Capital Inc. blocked them from withdrawing their assets from the exchange. They claimed that they were threatened and blocked and...

Five victims fell prey to a crypto scam that involved spoofed domains of the former Singaporean Exchange Simex. The victims residing in the U.S. lost more than $10 million. The...

CMC, crypto trading market platform, introduced the Proof of Reserve feature on-site. Users will be able to see exchanges that are verified, with their reserve data available. The crypto community...

The U.S. Federal Prosecutors investigated FTX months before its crash. Authorities probed FTX’s various arms, also the massive exchange operations. The findings of the investigation are yet to be disclosed....

Binance leads Coinbase with the most BTC reserves for the first time. Binance’s ultimate rise in the bear market could affect bitcoin. Binances increased exchange reserves imply that its CEO...

$5.4 billion worth of ETH has been withdrawn from exchanges over the last week. The weekly netflow for Binance was -$2.3 billion. ETH is currently trading at $1,219.29 according to...

Bankrupt crypto FTX has fired three top executives, including a co-founder. Previously, FTX secured $420 million in fundraising valuing it at $25 billion. FTX’s former CEO sold a $300 million...

ADGM granted Binance the Financial Services Permission from the Financial Services Regulatory Authority. Binance will be able to offer custodial services to professional clients in and out of the ADGM...

Binance CEO Changpeng Zhao declares eight new investment deals. While the investment amount is small, the Binance founder finds them to be “good projects.” Binance has announced an “industry recovery...

Coinbase issued a notice to convey they have a sound risk management program and strong capital. The notice was issued to iterate how Coinbase was different from the other platforms....

Cryptocurrency exchange Gemini observes withdrawals worth $570 million. Gemini is suffering repercussions of the FTX collapse as fears cloud the crypto industry. Gemini’s digital asset balances dropped from $2.2 billion...

A recent study shows why retail investors put money in cryptocurrencies despite falling prices. The study by the Bank of International Settlements reveals what is the driving factor of the...

Crypto exchanges are publishing proof of reserves amidst the FTX meltdown. FTX is investigating unauthorized withdrawals worth $477 million. Binance has suspended FTT deposits and withdrawals. Binance and other crypto...