Category: Exchanges

A closer look at Binance’s record-breaking Q3

A closer look at Binance’s record-breaking Q3

Quick Take Binance burned $68M in BNB this weekend marking an all-time high The exchange recorded 106.8M web visits in Q3, which is a 47% Q/Q increase In terms of the spot volume, Binance has recorded its best quarter by far Binance’s futures volume has increased by 44% Q/Q This research piece is available to […]

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BitMEX and founders face another lawsuit alleging money laundering and market manipulation

BitMEX and founders face another lawsuit alleging money laundering and market manipulation

Troubled crypto derivatives exchange BitMEX and its founders are facing another lawsuit that alleges racketeering, money laundering, and market manipulation. Dmitry Dolgov, a resident of Moscow, Russia, filed the lawsuit in the Northern District of California on Wednesday. He alleges that HDR Global Trading Limited, the parent company of BitMEX, the exchange’s founders Arthur Hayes, […]

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Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020

Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020

Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday, the U.S. crypto exchange – which boasts a user base […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police

Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police

The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police. On Friday morning (ET) a local report from the publication Caixin detailed that the founder of […]

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Coinbase received nearly 2,000 customer data requests from governments in the first half of 2020

Coinbase received nearly 2,000 customer data requests from governments in the first half of 2020

Crypto exchange Coinbase has published its first-ever “transparency report” quantifying the information requests it receives from global law enforcement agencies. The report comes a month after the exchange was called out by a digital rights organization for failing to publish this information. The report, published Friday, revealed that Coinbase received a total of 1,914 such […]

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OKEx says withdrawal issues are ‘temporary,’ can’t disclose ‘the nature of an ongoing investigation’

OKEx says withdrawal issues are ‘temporary,’ can’t disclose ‘the nature of an ongoing investigation’

Earlier today, cryptocurrency exchange OKEx halted withdrawals indefinitely as one of its private key holders “is currently cooperating with a public security bureau in investigations.” OKEx said it has been “out of touch” with the concerned private key holder, without disclosing since when and by when it could resume withdrawals. When reached for comments, an […]

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Mt Gox Rehabilitation Plan Delayed Again to December 15

Mt Gox Rehabilitation Plan Delayed Again to December 15

The submission deadline for the Mt Gox civil rehabilitation plan has been extended once again, this time to December 15. The deadline has been pushed back at least three times before, including in the latest case, where submission was scheduled for October 15. Mt Gox’s rehabilitation trustee, Nobuaki Kobayashi said Thursday that he needed more […]

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