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Currency exchange
BitMEX, a popular cryptocurrency exchange, is currently investigating unusual activity that occurred involving a user selling large orders on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the platform, causing the price of Bitcoin to crash by 87% to as low as $8900 before correcting back to its actual
In a surprising move earlier this year, Binance, the world’s leading cryptocurrency exchange, spun off its venture capital and incubation arm, Binance Labs. The website of Binance Labs now clearly states that it operates independently and is no longer part of the Binance Group. This significant development occurred during CEO Richard Teng’s four-month tenure and
In a surprising move, Binance spun off its venture capital arm, Binance Labs, into an independent entity worth $10 billion. This decision, made by the exchange’s new CEO Richard Teng, marks a significant shift in the company’s organizational structure. The move was highlighted by Bloomberg in a report on March 15, bringing attention to the
Binance, one of the largest cryptocurrency exchanges in the world, has recently found itself embroiled in a contentious dispute with Nigerian authorities. This conflict has escalated to the point where two senior executives from Binance were detained in Nigeria due to allegations of manipulating the local fiat currency. Despite acknowledging Nigeria’s “extraordinary potential,” Binance has
Coinbase, a leading cryptocurrency exchange platform, recently made headlines with its announcement of a $1 billion bond offering aimed at fueling its growth and expansion strategies. The move involves issuing unsecured convertible senior notes that are due to mature in 2030. This offering provides investors with the opportunity to convert their holdings into Coinbase shares
Binance, one of the leading cryptocurrency exchanges, recently listed Metis (METIS) on its platform. This move is expected to have a positive impact on the price of METIS, as it can increase the visibility of the digital asset and enhance its liquidity. Official listings on major exchanges like Binance are often seen as a vote
In recent weeks, Bitcoin’s price has soared to new all-time highs, crossing the $50,000 threshold and surging past $70,000 before retracing slightly. This rally has caught the attention of experts like James Butterfill, who pointed out the significance of Bitcoin’s price increase in a high-interest rate environment. The prevailing sentiment is that the current bull
Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share recently. This surge can be attributed to the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. As a result, analysts at Goldman Sachs made a notable change in their rating on Coinbase shares. They upgraded the rating from
Binance.US, a prominent cryptocurrency exchange, has been grappling with significant challenges in the wake of legal actions taken by the U.S. Securities and Exchange Commission (SEC). These challenges include forced layoffs and a steep decline in revenue, as revealed by the company’s Chief Operating Officer Christopher Blodgett in court documents. Since June, Binance.US has had