Cryptocurrency News That Matters

Exchanges

Crypto Exchange Suspends Outbound Transfers Due To Security Concern

Crypto Exchange Suspends Outbound Transfers Due To Security Concern

Exchanges
Crypto.com suspended all withdrawals from the platform on Monday and is forcing users to reset two-factor authentication methods, according to tweets from the company. And while Crypto.com is claiming everyone’s money is “safe,” there were reports from users on social media that millions may have been lost to hackers. “Earlier today a small number of users experienced unauthorized activity in their accounts. All funds are safe,” Crypto.com said in a tweet on Monday. “In an abundance of caution, security on all accounts is being enhanced, requiring users to: Sign back into their App & Exchange accounts, [and] Reset their 2FA,” the tweet continued. “This update will be rolled out to users progressively over the next few hours. Once complete, withdrawals will be re-enabled. ...
Binance Sees Asia Market Share Reduce Under Regulatory Pressure

Binance Sees Asia Market Share Reduce Under Regulatory Pressure

Exchanges
Binance has deftly maneuvered through dozens of regulatory ecosystems to become the world’s largest cryptocurrency exchange with a daily trading volume exceeding that of its next four competitors combined. But even as its CEO Changpeng Zhao recently became the richest Asian man, according to the Bloomberg Billionaire Index, the company’s presence in Asia — where Binance got its start — is shrinking, while its current corporate headquarters remains shrouded in mystery. Binance is currently winding down its digital token payments business in Singapore after it became clear that regulators would not approve its application for a crypto license, and all customer accounts on Binance.sg will close on Feb. 13, according to the company. The crypto exchange is also currently banned or ba...
Coinbase Set To Enter The Derivatives Market And Ramp Up Market Competition

Coinbase Set To Enter The Derivatives Market And Ramp Up Market Competition

Exchanges
The top three crypto spot exchanges have recorded just over $25 billion in trading volume in the last 24 hours, according to CoinGecko. The top three exchanges for derivatives volume have done $70 billion in trades during that span. No wonder, then, that exchanges which only offer simple buying and selling want to get into futures and options contracts for Bitcoin and other cryptocurrencies. Coinbase, the only publicly traded cryptocurrency exchange in the U.S., announced on Wednesday that it will acquire derivatives exchange FairX to do just that. "Over time we plan to leverage FairX's infrastructure to offer crypto derivatives to all Coinbase customers in the US," it wrote. While FairX isn't exactly a household name, it has one major selling point: It's already regulated by...
Cryptocurrency Exchange Fees – Compared And Contrasted

Cryptocurrency Exchange Fees – Compared And Contrasted

Exchanges
If you're looking to buy or sell any cryptocurrency, exchanges are invaluable platforms that provide key crypto stats, trading pairs, storage options, and so much more. While you can buy or sell crypto via a software wallet, having an account with a reputable exchange can open a lot of doors in terms of building your portfolio. But using an exchange can be costly, so finding the most affordable yet reputable options is crucial. So, which crypto exchanges offer the lowest fees for buying and selling? 1 Poloniex Founded in 2014 by Tristan D'Agosta, Poloniex is an American exchange that has risen through the ranks to become among the twenty most popular crypto exchanges worldwide with a daily trading volume of over $160 million. Based in San Francisco, California, Poloniex isn't ac...
Renowned Blockchain Technology Company Announces Launch Of New Decentralized Exchange Platform

Renowned Blockchain Technology Company Announces Launch Of New Decentralized Exchange Platform

Exchanges
Prominent Blockchain technology innovative group The Eagle Network is set to launch EgonSwap – a new Decentralized Exchange platform with new exciting features to rival existing big-players in the industry. The Eagle Network is a globally-reputed blockchain-based network launched globally February 2021 that is dedicated to the proliferation of decentralized finance and mainstream adoption of cryptocurrency around the world. Having achieved unparalleled innovations in the areas of proprietary mobile mining solutions, gamification and establishment of a global network of over 2 million users, the company is now driven to take its innovation up a notch by building a new Decentralized Exchange platform (DEX). Market analysts have identified Decentralized exchanges as one of the most im...
Ground-Breaking Blockchain Company To Be Officially Listed On Bittrex Exchange

Ground-Breaking Blockchain Company To Be Officially Listed On Bittrex Exchange

Exchanges
Bittrex Global recently announced PKT ($PKT), the world’s first layer-1 blockchain for bandwidth, will list on its exchange later this month. “We are excited to welcome such a unique blockchain project onto the exchange” PKT is an open-source community project that monetizes unused internet bandwidth and provides an economic incentive for people to expand internet connectivity and network infrastructure with minimal technical knowledge required. The blockchain is Bitcoin-fork designed for microtransaction scalability with near-zero fees and 60 second block times. PKT divides the Internet Service Provider (ISP) roles of infrastructure provider and network operator. In effect, this lowers the barrier of entry for entrepreneurs to become ISPs, and decentralizes internet access f...