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Binance Market Share Plummets As Regulatory Crackdown Shakes Up Crypto Markets
Tuesday, April 4, 2023 - 9:51am | 588Cryptocurrency exchange Binance (CRYPTO: BNB) lost 16% of its market share of trade volume in recent weeks. The loss follows the decision to end its zero-fee trading program and a lawsuit by the Commodity Futures Trading Commission (CFTC). Despite the decline, Kaiko reports that Binance remains...
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Hong Kong Sets Sights On Crypto Dominance With Unprecedented Move To Ease Financing For Virtual Assets
Tuesday, March 28, 2023 - 3:12pm | 404Hong Kong is taking measures to position itself as a hub for virtual assets, as the city's regulators plan to hold a round-table discussion between cryptocurrency firms and bankers on April 28. What Happened: The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC...
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France Goes Crypto-Friendly As Stablecoin Giant Circle Sets Up Shop In Paris
Tuesday, March 21, 2023 - 11:35am | 584Stablecoin giant Circle Internet Financial Ltd. is set to establish its European headquarters in Paris, citing the favorable cryptocurrency environment created by President Emmanuel Macron’s government as instrumental in the decision. Circle CEO, Jeremy Allaire, stated in an interview...
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Crypto Winter Deepens: These 2 Major Exchanges Slash Workforces To Prepare For 'Worst-Case Scenario'
Monday, December 5, 2022 - 2:44pm | 722Major exchanges Bybit and Australia-based Swyftx have laid off a third of their workforces, just a week after Kraken announced job cuts, amid a deepening crypto winter. Ben Zhou, co-founder, and CEO of Bybit unveiled a reorganization plan that calls for a significant reduction in the company's...
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KuCoin Hires Auditor To Deliver Report On Exchange's Reserves: Which Crypto Holdings Will Be Analyzed?
Monday, December 5, 2022 - 11:00am | 474Major cryptocurrency exchange KuCoin has hired auditor Mazars to confirm its proof of reserves in a third-party factual findings report, days after rival exchange Binance did the same. According to a statement on KuCoin's official blog, Mazars will provide information on whether KuCoin's in...
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Bitcoin Flees From Exchanges As Investor Distrust Grows: Exodus Of Billions Silver Lining In The FTX Disaster?
Thursday, November 17, 2022 - 11:23am | 704There may be some good news amid the collapse of FTX (CRYPTO: FTT) as Bitcoin (CRYPTO: BTC) holders finally decided to do as they preach and move their coins off exchanges following the adage, "not your keys, not your coins." What Happened: Bitcoin is moving en...
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Crypto Industry Takes Action Post FTX; WonderFi Releases Proof Of Reserves For Bitbuy, Coinberry
Monday, November 14, 2022 - 4:19pm | 409Technology company Wonderfi Technologies Inc (OTC: WONDF) on Monday announced its "Proof of Reserves & Platform Due Diligence Audit" for its operating subsidiaries Bitbuy Technologies Inc. and Coinberry Limited, even as significant cryptocurrency exchanges scramble to...
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FTX US President Steps Down From Role
Tuesday, September 27, 2022 - 1:03pm | 354The head of the FTX crypto exchange's US division, Brett Harrison, announced his resignation from his position on Tuesday. Harrison confirmed in a series of tweets that as he moves into an advisory role at FTX US, he would gradually delegate his duties to others. He also plans to stay in the...
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Coinbase Insider Trading Issue Bigger Than It Appears, Study Says
Wednesday, August 17, 2022 - 10:24pm | 436The insider trading issue at Coinbase Global Inc (NASDAQ: COIN) is bigger than what was originally perceived, a new academic study has suggested. What Happened: In a yet-to-be peer reviewed paper titled "Insider Trading in Cryptocurrency Markets," ...
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Coinbase Integrates Ethereum Blockchain Explorer Etherscan With Wallet: Why The Move Is Drawing Mixed Reactions
Tuesday, August 16, 2022 - 6:31am | 543Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has integrated its wallet app with blockchain explorer Etherscan, making on-chain data more easily accessible for its users. What Happened: Coinbase Wallet announced on Monday that it had integrated with Etherscan — a...
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Dogecoin, Shiba Inu Struck Last-Minute Gains But This Token Of A Bankrupt Exchange Was Week's Best Performer With 180% Surge
Monday, August 15, 2022 - 4:51am | 877The native token of bankrupt crypto lender Celsius Network (CRYPTO: CEL) was the biggest gainer last week, gaining 181% over seven days. The token’s massive rally was largely fuelled by a retail-driven short squeeze, with traders following the "#CELShortSqueeze" hashtag on...
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Coinbase Asks Supreme Court To Halt User Lawsuits Relating Dogecoin And Scammers
Thursday, August 4, 2022 - 7:31am | 372Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has asked the U.S. Supreme Court to halt two lawsuits filed by users of the crypto exchange. What Happened: Coinbase said the trial court proceedings for two separate cases filed by users should be stopped until the exchange presses...
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Why Goldman Sachs Has Upgraded Robinhood, Downgraded Coinbase
Monday, June 27, 2022 - 2:07pm | 465As the 2022 crypto winter carries into the second half of the year, one major Wall Street firm has adjusted its coverage of popular crypto platforms Robinhood Markets Inc (NASDAQ: HOOD) and Coinbase Global Inc (NASDAQ: COIN). The Analyst: Goldman Sachs analyst Will Nance has downgraded...
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Coinbase Plunges After Downgrade, But Here's Why The Progression Higher Remains In Play
Monday, June 27, 2022 - 1:10pm | 810Coinbase Global Inc (NASDAQ: COIN) was trading almost 10% lower on Monday after receiving a downgrade from Goldman Sachs. Goldman Sachs analyst Will Nance downgraded the stock from Neutral to Sell rating and lowered the price target from $70 to $45. The downgrade is the second bearish analyst...
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Coinbase Draws Inspiration From Ray Dalio And Asks Employees To Rate Each Other
Wednesday, May 25, 2022 - 6:02am | 442Crypto exchange Coinbase Global Inc (CRYPTO: COIN) is reportedly testing out a management ethos called “radical transparency” that has been employed by Ray Dalio’s Bridgewater Associates. What Happened: A Monday report from The Information, first seen on Insider, details how...