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On Nov. 9, Bitcoin passed the $36,000 mark. The volume of liquidations on futures in the crypto-asset market increased to around $186.6 million. In the last 24 hours, 57,903 traders’ positions were liquidated, totaling more than $186.6 million, according to CoinGlass. About $154.44 million of losses came from short positions. Bitcoin liquidations | Source: CoinGlass The largest liquidations were recorded on the OKX and Binance crypto exchanges – $67.89 million and $58.73 million, respectively. This is followed by Bitmex – $22.22 million, Bybit – $17.8 million, and Huobi – $16.46 million. At the time of writing, BTC is trading near $36,800. Source: CoinMarketCap Bitcoin price history in November On the night of Nov. 2, Bitcoin crossed the $36,000 mark, after which the asset price fell to about $35,200. Against this background, the volume of liquidations on futures in the crypto-asset market reached $160 million within 24 hours. You might ...

Victoria, Seychelles, October 25th, 2023, Chainwire Bitget, a leading cryptocurrency exchange and copy trading platform, is thrilled to announce the platform is one of the first centralized exchange s to list the Tottenham Hotspur Fan Token (SPURS) in the Innovation Zone and Fan Token Zone. The SPURS token is the official fan token of Tottenham Hotspur football club – England-based Premier League football club. Developed in collaboration with Chiliz, the token has received official authorization and offers fans a unique opportunity to engage with their favorite football club in an innovative way. The Tottenham Hotspur Fan Token (SPURS) is part of the growing trend of fan tokens in the sports industry. It allows fans to participate in club-related activities, decision-making processes, and exclusive fan experiences. The SPURS token is deployed on the Chiliz blockchain, ensuring transparency, security, and seamless transactions for users...

JPEX’s attempt to transition into a DAO has sparked controversy and frustration among some users. The users who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong. In a surprising move, the JPEX cryptocurrency exchange has initiated a contentious DAO Shareholder Dividend Scheme, leaving some users in distress as their assets reportedly get converted without their consent. JPEX recently announced its intention to transform into a decentralized autonomous organization (DAO) and offered users the opportunity to convert their frozen asset s into DAO Stakeholder dividends at a 1:1 ratio. Additionally, the exchange introduced a repurchase option, allowing users to recover 30% of the conversion price after one year and 100% after two years. Disquiet among customers JPEX’s scheme was seemingly devised to tackle JPEX’s ongoing liquidity challenges, providing an incentive for...

Robinhood Q2 results showed a profit for the first time since going public, but crypto revenue decline d in the same quarter. Robinhood’s revenue from cryptocurrency transactions fell 18% to $31 million, according to a quarterly report released on Aug. 2. It also reported having $11.5 million in crypto asset investments, the same amount as at the end of the quarter. The company also saw a decline in new transaction-based funding, with options falling 5% to $127 million and equities falling 7% to $25 million. Over the past year, company revenue fell by 4%, from $202 million in June 2022 to $193 million in June 2023. Despite the revenue decline , Robinhood earned $25 million or 3 cents per share on revenue of $486 million. This exceeded the expectations of most analysts covering the company, expecting a loss of 1 cent per share on revenue of $473 million. You might also like: Robinhood retail crypto market share versus Coinbase rising Earnings before interest, tax, d...

The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. Defunct crypto exchange FTX has announced a cybersecurity breach involving its bankruptcy case claims agent , Kroll, in which limited, non-sensitive customer data of specific claimants was exposed. FTX said it is actively overseeing the situation, assuring that account passwords, systems and funds remain unaffected. The struggling crypto exchange utilized the X platform on Aug. 25 to notify its customers, creditors and the public about a cybersecurity breach involving its claims agent Kroll. The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. FTX has stated that Kroll is presently informing the individuals impacted by the cybersecurity event about the steps they can take for their protection. The crypto exchange in bankruptcy clarified that its account passwords and s...

Ukrainian authorities allege crypto exchange s have evaded over $81 million in contributions to the national budget over the past ten years. A tweet from Aug. 2 highlighted that non-affiliated crypto exchanges were accountable for a tax deficit of at least 3 billion hryvnia, approximately equivalent to $81 million. The amount covers the period from 2013 to 2023. Бюджет втратив 3 млрд грн податків від діяльності криптобірж Деталі https://t.co/9ZyXZjsLOl pic.twitter.com/mXz2fPpPf9 — Economic Security Bureau of Ukraine (@ESBU_gov_ua) August 2, 2023 In an Aug. 2 announcement, the Economic Security Bureau of Ukraine shared the results of an Analysis of trading activities on exchange s established by Ukrainian residents. The government authorities state that Ukranian exchanges would have participated in about $55 billion worth of trading across digital assets from 2013-2023. Considering that each exchange in the country determines its trading fee for transactions, which may b...

Join Our Telegram channel to stay up to date on breaking news coverage Gate.io, a cryptocurrency exchange s, just raised $64 million for its new cryptocurrency . Entering the cryptosphere As one of the oldest Chinese crypto exchanges in existence, the project’s asset will serve similarly to Binance’s Binance Coin (BNB) in that the asset is there to ease the investment process on its respective platform. The cryptocurrency will is called Gatechain Token (GT), and so the exchange has raised $64 million to fund it. The group recently said that there were tons of backers looking to jump into the asset. Gate Token will help pay for transaction fees just like BNB. Despite this investor interest, the project won’t be live until Q4. In an interview with CoinDesk, Gate.io Chief Marketing Officer Marie Tatibouet revealed that it sent out 150 million tokens during the first phase of its fundraiser. This period went from April 8 to April 14. Making it in this world G...

Bitpanda Pro cryptocurrency exchange has undergone a significant transformation. It has been spun out into a standalone company called One Trading. A successful Series A funding round accompanied this development. The funding was led by Valar Ventures, a venture capital firm co-founded by renowned entrepreneur Peter Thiel.  Bitpanda Pro is now One Trading  Bitpanda Pro, a division of the Austrian cryptocurrency company catering to institutional and professional traders, has emerged as a separate entity called One Trading, led by Josh Barraclough, previously a digital innovation executive at JP Morgan. The investment demonstrate the growing confidence and support in Bitpanda Pro’s future prospects. According to a June 28 announcement, One Trading has successfully secured €30 million in a Series A funding round. Valar Ventures, the investment firm of Peter Thiel, primarily led the funding. Other participants in the funding round include MiddleGame Ventures, Speedinvest,...

Earlier this month, the Securities and Exchange Commission (SEC) filed charges against the parent companies of Binance.com and Binance US, plus their founder, Changpeng Zhao (CZ). The charge is similar to the SEC’s December 2022 civil action against the parent companies of FTX and its founder Sam Bankman-Fried (SBF). In both lawsuits, the SEC alleges the unregistered offering of securities to US residents. Binance never registered its namesake tokens — BNB and BUSD — nor its various interest-earning products with the SEC. FTX never registered various crypto asset securities that it listed for US trading, including Solana (SOL), Algorand (ALGO), Cardano (ADA), and many others. The SEC also alleges that Binance.com secretly controlled some assets and operations of Binance US. FTX.com also secretly controlled the wallets used to hold FTX.US customers’ digital assets. Binance and FTX both borrowed the banking relationships of non- exchange entities controlled by the ...

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency exchange Gemini, headed by Tyler and Cameron Winklevoss, declared that the Republic of Ireland will serve as its new base of operations in Europe. Following a meeting with the co-founders of the crypto currency, Irish Prime Minister Leo Varadkar, and officials of the Industrial Development Agency (IDA), the organization in charge of attracting foreign investment to Ireland, the announcement was made. The Winklevoss brothers made the following remark in a statement provided in an interview with publication Decrypt: “We look forward to becoming a member of and contribute to the thriving digital community in Dublin. Crypto is just as revolutionary as the Internet, and we are dedicated to maximizing the potential it offers. We appreciate the Irish government’s and the IDA’s assistance as we take the next, exciting steps in our journey. ” Problems with the U.S. gover...

Top10 News 1. Central Bank’s weekly summary a. Fed raises interest rates by 25 bps as scheduled link Fed raises interest rate by 25 bps. The U.S. will also release the April unemployment rate this week. CME shows that the probability of the next FOMC raising interest rates by 25 bps on June 14 is 68%, and the probability of stopping the rate hike is 31%. b. European Central Bank slows pace of rate increases link On May 4, the European Central Bank raised interest rates by 25 basis points, in line with market expectations. The decision marked the ECB’s seventh consecutive rate hike and put its policy rate at a nearly 15-year high, the highest since October 2008. Investors expect the ECB to keep raising rates in the coming months, even as they expect the US Fed to cut rates. 2. US banking industry’s weekly summary a. Regulators seize First Republic Bank, sell assets to JPMorgan link On May 1, United States regulators said First Republic Bank has been seized and a deal agreed to sell...