Tag: cryptocurrency exchange

Bitkub Capital Group Holdings, the parent firm of Bitkub, Thailand’s largest cryptocurrency exchange, has unveiled plans to launch an initial public offering (IPO) in 2025, according to CEO Jirayut Srupsrisopa in a recent interview with Bloomberg.

FTX, a cryptocurrency exchange, aims to render its creditors’ “Sam Coins” essentially worthless amid the company’s ongoing bankruptcy proceedings, as revealed in court documents from a Tuesday hearing in Delaware.

Cryptocurrency exchange KuCoin, along with its founders GAN and TANG, are facing criminal charges for breaching the Bank Secrecy Act and the Commodity Exchange Act. This follows an investigation by the Commodity Futures Trading Commission (CFTC), which filed a civil enforcement action against Mek Global Limited, PhoenixFin PTE Ltd., Flashdot Limited, and Peken Global Limited, collectively operating as KuCoin.

Binance, a major cryptocurrency exchange, has revealed plans to eliminate two spot trading pairs as part of its ongoing commitment to upholding a high-quality trading environment and safeguarding its users. Specifically, the GNS/BTC and XVG/TUSD trading pairs will be delisted from Binance Spot.

Binance, one of the leading cryptocurrency exchanges, has stopped allowing USDC (USD Coin) deposits and withdrawals over Tron’s TRC20 protocol. This is a significant cryptocurrency shift. This decision follows Circle’s decision to discontinue support for USDC on the Tron network. Tokens cannot be added to Binance accounts utilizing TRC20 after 2:00 a.m. UTC on April 5, 2024.

Binance, one of the leading cryptocurrency exchanges, made an unexpected move by listing Book of Meme (BOME) for spot trading on March 16, 2024, at 12:30 (UTC). This action by Binance is notable due to the rarity of spot listings following futures, which typically take longer to materialize. The sudden listing of BOME led to a significant surge in its value, with the MEMECOIN experiencing a remarkable 243% increase in 24 hours.

In a dramatic turn of events, U.S. prosecutors have recommended an unprecedented prison sentence of 40 to 50 years along with an imposing fine exceeding $11 billion for Sam Bankman-Fried, the former CEO of FTX, a now-bankrupt cryptocurrency exchange. The sentencing, slated for March 28, follows Bankman-Fried’s conviction on seven counts of fraud and conspiracy by a jury in November.

OKX, a renowned cryptocurrency exchange, has launched a new project dubbed OKX Jumpstart Mining. Beginning today, users may mine ZK coins from the Polyhedra Network. This project enables qualifying users to stake Bitcoin ($BTC) or Ethereum ($ETH) and get ZK tokens. OKX Jumpstart Mining provides 6,000,000 ZK tokens to cryptocurrency enthusiasts looking to diversify their holdings and collaborate on innovative blockchain projects.

In the cryptocurrency market, a clever investor dumped 1.5 trillion Shiba Inu (SHIB) and Floki Inu (FLOKI) tokens onto a cryptocurrency exchange. The investor’s trades, which generated around $70 million in profit, were particularly noteworthy because they came amid a period of significant price decreases for the aforementioned memecoins.

Leading cryptocurrency exchange Binance has quietly set off its startup investing department, Binance Labs, as a separate company. The move comes amid regulatory efforts and changes in leadership at the cryptocurrency exchange.