After years of anticipation and patiently waiting, the trustee of the bankrupt Mt. Gox exchange has announced that the repayment process for its creditors will soon commence. An email, reportedly received by some claimants and obtained by CryptoSlate, revealed the trustee’s plan to initiate cash repayments. However, due to the complex nature of the situation
Exchanges
In a shocking turn of events, Binance CEO Changpeng Zhao, popularly known as CZ, has reportedly pled guilty to violating U.S. anti-money laundering requirements. As a result, he will be stepping down from his role at the cryptocurrency exchange. This news, reported by the Wall Street Journal, has sent shockwaves through the crypto community and
Bittrex Global, a prominent cryptocurrency exchange, recently announced its decision to wind down most exchange operations and trading activity. This unexpected development comes with significant consequences for its valued customers and raises questions about the company’s future. This article aims to analyze the announcement, shed light on the reasons behind this decision, and explore the
South Korea’s National Pension Service (NPS) has made an impressive profit of 40% from its investment in Coinbase stocks, a U.S.-based cryptocurrency exchange. This marks a significant move for the NPS, which typically avoids direct investment in cryptocurrencies due to their volatile nature. Instead, the pension fund seeks exposure to the emerging industry through investments
Poloniex, a popular cryptocurrency exchange, has announced that it has resumed deposit and withdrawal services after falling victim to a significant security breach. The incident, which occurred on Nov. 10, resulted in the theft of over $100 million worth of digital assets, including Ethereum (ETH). This malicious actor managed to compromise one of the exchange’s
Coinbase, one of the leading cryptocurrency exchanges, believes that the approval of a spot Bitcoin exchange-traded fund (ETF) has the potential to introduce new and “compliance-friendly” financial products. This development is expected to increase access to crypto assets for various investor classes, including registered investment advisers (RIAs), retirement funds, and institutions. The introduction of spot
BitgetX, the Hong Kong division of Bitget, has made a surprising announcement stating that it will not be applying for a Virtual Asset Trading Platform (VATP) license in Hong Kong. Despite operating in the region for the past seven months, BitgetX has decided to immediately cease all trading activities and shut down its operations by
Former FTX general counsel Can Sun, alongside other ex-FTX executives, is venturing into uncharted territory with the establishment of Trek Labs, a Dubai-based cryptocurrency exchange. Armed with a newly obtained license from the Emirate’s crypto regulator, Trek Labs aims to rectify the mistakes that led to the downfall of their previous employer. The startup is
Coinbase, one of the world’s leading cryptocurrency exchanges, made an exciting announcement on November 9th. The company revealed a new feature that allows users to attest their account and country credentials directly on the blockchain. This innovative move aims to provide users with a “trusted badge” that will grant them access to on-chain apps and
In a surprising turn of events, FTX’s native token FTT experienced a dramatic surge of almost 90% within a 24-hour period. The token reached a nine-month high of $2.33, largely in response to comments made by SEC Chair Gary Gensler. Gensler suggested that there is a possibility of reviving the insolvent exchange under a new