Crypto Exchange

South-Korean-prosecutors-raid-crypto-exchanges-amid-Luna-probe
South Korean Prosecutors Raid Exchanges Amid Luna Probe

Prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges. A total of 15 places, including cryptocurrency exchanges and related offices, were searched. The two men, Do Kwon and Daniel Shin have denied any wrong doing. South Korean authorities carried out search and seizure operations at local cryptocurrency exchanges, as well as offices that are affiliated with the collapse of cryptocurrency Luna in May, seeking proof of illegal activity. The prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges as part of an investigation into alleged fraud by the co-founders of blockchain platform Terraform labs.

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Coinbase Shows Mission Dedication, Financial Freedom For All
Coinbase Allows Crypto Transactions on Two Networks

Coinbase allows crypto transactions on two networks.  These networks include Polygon and Solana.  Its users now have the chance to access web3 in a much simpler form. Coinbase announces that it has begun allowing crypto transactions on two different networks. In particular, these two networks are the Polygon and Solana networks. With this move, Coinbase is improving access to Web 3.0. In detail, allowing crypto transactions on these two networks will help users access web3 in faster, cheaper, and easier conditions. Starting from now till over the next month, all eligible Coinbase customers will enjoy new perks.  These perks include

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ApolloX-was-Exploited-$2.8M-Worth-of-APX-Token-After-Acquiring-Seed-Funds
ApolloX Seed Fund Exploit Amounts to $2.8M Worth of APX Token

Crypto DEX ApolloX was attacked by hackers. The hacker accumulated 53 million APX tokens from trading rewards. Users’ funds were not compromised by the attack. Crypto derivatives exchange ApolloX has been exploited for $2.8 million worth of APX tokens by unknown hackers. The attack took place on the same day as the exchange secured an undisclosed amount of funding from top investors, such as Binance Labs, Research Kronos, and five others. According to ApolloX, the exploit happened on June 8 around 11:20 AM UTC. The hacker took advantage of a flaw in the trading reward contract of the exchange.  In

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Osmosis’-Osmocon-2022-is-Happening-June-9th-in-Austin,-TX
Osmosis’ Osmocon 2022 is Happening June 9th in Austin, TX

Osmosis zone announced the first ever Osmocon 2022 on June 9th. Osmosis is a decentralized exchange specifically built for cosmos, the “internet of blockchains.” Tickets and schedule for Osmocon 2022 will be available soon. Osmosis, a decentralized exchange built for cosmos, announced the first ever Osmocon 2022 to be held in Austin, Texas on June 9, 2022. The Osmocon was said to be replacing Terra dApp Expo that was supposed to take place at the same venue and date. The venue and date for Osmocon 2022 was announced two weeks after Terra dApp Expo team announced the cancellation of its

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Belgium Regulator FSMA To Regulate Crypto Exchanges
Belgium Regulator FSMA To Regulate Crypto Exchanges

Belgium’s financial regulator said crypto exchange services must register with the FSMA.  FSMA has given crypto businesses four months to register.  Crypto service providers must fulfill seven conditions in order to maintain an active registration. Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, enforced a new rule that requires crypto exchanges and custodial wallet services in the country to register within the allotted deadline. According to the new rules revealed by the FSMA, starting on May 1, legal individuals or companies that wish to offer crypto exchange services or custodial wallets in Belgium will have to register in

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square releases crypto exchanges dex
Square Releases Crypto Exchange tbDEX Whitepaper

Square released the whitepaper of its forthcoming tbDEX platform. tbDEX will be a decentralized cryptocurrency exchange (DEX). Square is a fintech company led by Twitter CEO Jack Dorsey. Financial services platform Square recently announced its soon-coming decentralized cryptocurrency exchange tbDEX. Jack Dorsey, Twitter and Square CEO, wrote a tweet about the announcement. As part of its platform reveal, tbDEX published a whitepaper. According to the document, tbDEX will have the defining functions of a decentralized exchange. Also, the platform will use decentralized identity (DID) and verifiable credentials (VCs).  As per the whitepaper, tbDEX will enable users to exchange cryptocurrencies like

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Bilaxy Exchange Hot Wallet Hacked
Bilaxy Exchange Hot Wallet Hack by Unknown Villains

Bilaxy, a Seychelles-based international cryptocurrency exchange, announced a hacking incident on its platform. In detail, the exchange states that unknown hackers penetrated its platform’s hot wallet. Indeed, this notice made by the exchange shock the crypto world, especially the investors inside the platform. On the other hand, the exchange also advised the crypto community to refrain from sending more funds to Bilaxy. As of writing time, the Bilaxy exchange website cannot be accessed. Furthermore, there is no clear statement about what type and how much crypto asset has been stolen by the hackers. However, the exchange says that they are

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CoinDCX Now India’s First Crypto Unicorn
Crypto Exchange CoinDCX Now India’s First Crypto Unicorn

Crypto exchange CoinDCX is now India’s first crypto unicorn, valued at $1.1 billion. Coinbase Ventures, Block.one, and Polychain Capital joined the funding round. CoinDXC will use the funds to expand and enhance its communication channels. Indian cryptocurrency exchange CoinDCX has now become the first crypto-based unicorn in the country. Specifically, the exchange is now valued at least $1.1 billion. The recent milestone is due to a successful series-C funding round led by B Capital Group, an investment firm co-founded by Eduardo Saverin, who also happens to be the Co-Founder of Facebook. Other notable entities also joined the funding round, including

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FTX Exchange Limits High-Leverage Crypto Trading
FTX Exchange Limits High-Leverage Crypto Trading

FTX Exchange limits leveraged crypto margin trading by over 80x. FTX CEO and billionaire Sam Bankman-Fried shared the news on Twitter. Also, FTX is the latest in a growing number of exchanges to limit leverage trading. FTX Exchange is the latest big crypto exchange to limit risky high leverage trading. The decision means that investors will no longer be able to use huge debt amounts when trading on the exchange.  FTX’s billionaire CEO, Sam Bankman-Fried (SBF), shared the news on Twitter. In the tweet thread, SBF shared that FTX will limit margin trading to 20 times the invested capital. The

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Binance-Psychological-Chart
Binance Psychological Chart: What Level Are You Now?

The crypto world continues to perform wild market swings that raise tension inside the crypto market. Binance psychological chart measures the emotional level of the traders inside the crypto market. The crypto world continues to perform wild market swings that could make traders and investors go crazy. As a result, the emotional level inside the crypto space is at its peak nowadays. For this reason, Binance created a chart that determines the emotional position of traders and investors in the crypto market. Source: Binance Twitter In the chart above, we can see various types of emotions based on the price

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