Crypto exchange Coinbase has filed an amicus brief in support of Ripple (XRP), arguing that the SEC’s lawsuit led to retail traders losing $15 billion. According to the exchange, the SEC action forced U.S.-based exchanges to delist XRP, causing retail customers significant losses as the coin’s market cap declined. The U.S.-based crypto firm continued that…
Exchange giant Binance marketplace saw 120,000 Bitcoins (BTC) purchased and moved off the exchange between Oct. 29 and Oct. 30, according to Glassnode data. The amount equates to roughly $2.5 billion, which is the largest Bitcoin purchase of the year from Binance. The chart below demonstrates the Bitcoin purchases and sales from Binance since the…
The infamous Matt Damon, Fortune Favors the Brave advert for Crypto.com reached its first birthday this week. A Reddit user, u/gnarley_quinn, compiled a list of the significant Crypto.com advertising campaigns since the Matt Damon commercial launched in October 2021 and aligned it with the price of the native CRO token. When the Matt Damon commercial…
Cryptocurrency exchange FTX hit a new record of over $936.24 million in short liquidations. Today was the single largest liquidation event on FTX in its history and the runner up isn’t even close. ~$600m Someone get carried out on a stretcher?Seems excessive given the move. But then again there’s like 12 people who understand how…
Crypto derivatives trading was responsible for 63.4% of the entire crypto market in September as its trading increased by 1.54% month over month to reach $2.71 trillion, according to CryptoComapre data. Changpeng Zho-led Binance accounted for 60.1% of this derivatives trading volume among exchanges in September. This trend continued from July and August when its…
Over $750 million in crypto shorts have been liquidated over the past 4 hours as Bitcoin reclaims $20,000. Bitcoin and Ethereum led the liquidations, with $356.14 million and $328.18 million, respectively, wiped out. Data from Coinglass below highlights the breakdown across the cryptocurrency industry. Source: Coinglass The liquidations mark a three-month high, as shown in…
Lee Jung-hoon, the owner of the South Korean crypto exchange Bithumb, is facing up to eight years in prison on charges of fraud to the value of 100 billion won ($70 million), according to YNA. Lee was indicted in July on fraud charges related to the failure to list the BXA token from Kim Byung…
3Commas, a platform that enables users to build automated trading bots, announced Oct. 21 that three of its customers’ keys were used to execute unauthorized trades on its partner exchange accounts. An investigation revealed that the affected users were phished using fake 3Commas websites, indicating that the keys were stolen outside 3Commas. Crypto exchange FTX’s…
FTX founder Sam Bankman-Fried has hinted that the exchange could soon be listing Cardano’s ADA for spot trading in an Oct. 23 tweet. definitely not the case! we have https://t.co/mST1XOz1mv listed internationally; adding spot ADA too is on our roadmap — SBF (@SBF_FTX) October 23, 2022 According to SBF, FTX International has ADA perpetual contracts…
Binance has responded to the allegations about misusing its user tokens, saying it was a misunderstanding of what happened. Uniswap founder Hayden Adams pointed out that Binance delegated 13 million UNI tokens which technically belonged to its users, increasing its voting power on the platform. Yesterday @binance delegated 13M UNI from its books, making it…