Exchanges

New York, New York, August 28th, 2024, Chainwire DTX Exchange (DTX) has taken center stage in the crypto market after announcing the much-awaited testnet launch. The decentralized trading platform has also surpassed $1.8 million raised in its ongoing presale weeks ahead of expected. This development is expected to accelerate the development of a unified trading ecosystem.  Analysis of DTX Exchange’s Unified Platform DTX Exchange (DTX) was envisioned as a cutting-edge platform that brought together conventional and decentralized assets under a…

The post $26B in Bitcoin and Ethereum Leave Exchanges, Sparking Supply Fears! appeared first on Coinpedia Fintech News In a sudden shift in the market mood, more than $26 billion worth of Bitcoin and Ethereum have been extracted from the centralized exchange since January 2024. However, only $9.1 billion worth of USDTether has flowed in. This sudden rise in the outflow of Bitcoin and Ethereum from the leading cryptocurrency exchanges signals a shift in market sentiments. Further, the Bitcoin miners…

The post Hong Kong’s SFC Finds Unsatisfactory Practices at Some Crypto Exchanges Seeking Full License appeared first on Coinpedia Fintech News As per a Bloomberg report, after conducting on-site inspections, Hong Kong’s SFC has found ‘unsatisfactory practices’ at some of the cryptocurrency exchanges that are seeking a full license. The report cited that some of the crypto firms are overly reliant on a handful of executives to manage the custody of client assets, while others aren’t properly guarding against cybercrime…

The post $55 Million of Solana (SOL) Moved to Exchanges, What’s Happening? appeared first on Coinpedia Fintech News The current market sentiment is quite neutral, with most cryptocurrencies at their crucial level. Amid this stability, Solana (SOL) whales have moved notable of tokens to centralized exchanges including Binance and Coinbase, in the last 24 hours. $55 million SOL moves to exchanges  On August 10, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) stating that…

Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this institutional investor sent $445 million USDT to exchanges to buy more crypto.  Cumberland Sends $445 Million USDT To Exchanges The on-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that crypto trading firm Cumberland has deposited the $445 million it…

The post XRP Whales Move 113 mln Tokens from Exchanges, Buy Signal? appeared first on Coinpedia Fintech News As the legal battle between Ripple and the Security Exchange Commission (SEC) concludes after four years, whales’ focus has now shifted to Ripple’s native token XRP. 70 million XRP tokens withdrawn from exchanges  According to a blockchain transaction tracker Whale Alert, in the last 24 hours, whales have moved a significant over 113 million XRP tokens worth $70 million from centralized exchanges…

The post ARK Invest Sells $14.8M of Coinbase Shares Ahead Of Exchange’s Earnings Report appeared first on Coinpedia Fintech News Cathie Wood’s investment company ARK sold a total of 69,069 COIN shares worth $14.8 million on Thursday, the biggest single-day sale since May 7. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June and $7.93 million in July.…

After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month. Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to follow soon. Muted Selling Pressure Expected? According to a recent report by Glassnode, the total recovered coin volume amounts to over 141,686 BTC, with nearly…

In 2014, it was discovered that Japan-based crypto exchange Mt. Gox, one of the biggest Bitcoin exchanges at the time, has lost 800, 000+ Bitcoins in a series of hacks for over two years. According to a leaked corporate document, hackers had made away with 744, 408 BTC belonging to Mt. Gox customers and an additional 100,000  bitcoins belonging to the company – totalling over €460 million. Today, those bitcoins could be priced at over $58 billion. This marked the…