Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Bybit, the world’s 2nd largest crypto exchange, saw its user base hit 37M in H1 2024. Key milestones: Bybit Card in Argentina, Google Pay & Apple Pay integration, and advanced security measures. Market share jumped from 8% to 16%. #Crypto #Update
BlockFi sells FTX claims, enabling 100% final distribution to all allowed customer and unsecured creditor claims. Distributions start July 2024 via Coinbase. This marks a major recovery milestone for the crypto industry. #CryptoNews
Gate.io will cease operations in Japan on July 22, 2024, to comply with local regulations, halting new accounts and assisting users to transition. Their Hong Kong arm, Gate.HK, closed on May 28, 2024. Users must withdraw assets by August 28, 2024. Similarly, OKX is leaving Nigeria by August 16, 2024. #CryptoRegulation
Gate.io will halt all services in Japan starting July 22, aligning with regional financial laws. The exchange will help users transition assets to compliant platforms. This underscores increasing regulatory scrutiny in global crypto markets. #CryptoRegulation
Binance has announced significant support for Sam Altman’s Worldcoin, adding it to its P2P platform with trades against several Latin American fiat currencies. Despite this, $WLD fell 5% to $2.39, though trading volume rose 20% to $236.13M. #CryptoNews
Indian crypto exchange @WazirX halted deposits/withdrawals after a $235M hack on July 22, 2024. The pause follows scammers impersonating WazirX via fraudulent emails. No timeline for resumption yet. #CryptoSecurity
WazirX co-founder @NischalShetty launches a $23M bounty program to recover $234M in stolen cryptocurrencies. The program includes a 10% white hat recovery bounty. Blockchain firm Arkham confirms $102M in $SHIB already sold. #CyberSecurity #Update
Bitcoin hits a new high at $67,539, with a 13.4% weekly surge boosting its market cap to $1.32T. Donald Trump to speak at Bitcoin 2024 conference. FTX settles $12.7B with CFTC; WazirX hacked for $235M. $ETH ETF launch may push price to $5K. #Update
Coinbase CLO Paul Grewal stresses the need for statute-backed crypto regulations in the US, critiquing the SEC’s approach. New legislative efforts like FIT21 signal potential change. #Crypto #Regulation
Arkham Intelligence moved $487M in $ARKM tokens to Coinbase Prime on July 18, 2024, driven by regulatory compliance and tax needs. The tokens, from vesting contracts, will be managed with a 3-year unlock schedule. $ARKM’s price is $1.61, with a $390.2M market cap. #CryptoNews
Cryptocurrency exchange @WazirX reported a $235M hack on July 18, 2024. Suspected North Korean hackers targeted the exchange. WazirX is working with CERT-In and over 500 crypto exchanges to freeze hacker accounts and recover the funds. #CyberSecurity #Update
Coinbase CLO Paul Grewal urges the U.S. to adopt statute-driven crypto regulations amid SEC enforcement actions. This push highlights the need for clear rules to replace the current approach, as crypto companies seek stable legal environments like Europe’s MiCA regulation. #CryptoRegulation
Binance gains US court approval to invest customer fiat funds in US Treasury Bills, enhancing investment security amidst ongoing SEC case. This move, approved by Judge Amy Berman Jackson, allows Binance to hire third-party advisors for corporate assets. #Update
? The Hong Kong Stock Exchange ($SEHK) will debut Asia’s first Bitcoin inverse product on July 23, aligning with the U.S. launch of the Spot Ethereum ETF. Managed by CSOP, it offers a regulated way to hedge or profit from BTC price declines. Key features: 2.00% annual charge, -0.05% tracking difference.
#Bitcoin #CryptoNews
