cryptocurrency exchange
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Kraken’s Warning: Strengthen Diversification and Self-Hosting
It is reported that Kraken, the cryptocurrency exchange, tweeted that Kraken’s dollar funds would not be affected. However, recent events should ring the alarm bell and remind us to strengthen diversification and self-hosting. Kraken has no significant exposure to the exchange rate of the stable currency, because it does not believe that the stable currency can be exchanged with the legal currency. Kraken is the top stable currency operating market, allowing traders to provide liquidity and price risk. The threat from Operation Chokepoint 2.0 still exists. Cryptocurrency trading platform Kraken: there is no significant risk exposure to the stable currency exchange rate, and the dollar funds are not affected Analysis based on this information:Kraken, a prominent cryptocurrency exchange, recently issued a warning to its users about the need to strengthen diversification and self-hosting. In a tweet, Kraken stated that its dollar funds were safe, but recent events had highlighted the importance of being prepared for unexpected fluctuations. The warning came…
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Terraform Labs Sells 20 Million LDO Tokens at $207; Bags Over $40 Million
It is reported that according to the data disclosed by the chain analyst @ Lookonchain, the address marked by Nansen as Terraform Labs has sold all 20 million LDOs today at a price of $207, of which 15.3 million LDOs (about $32 million) were sold on DEX at an average price of $2.1, and 4.7 million LDOs (about $9.4 million) were transferred to the cryptocurrency exchange on May 9, when the selling price was $2. Terraform Labs participated in Lido’s $2 million financing transaction in 2020 and obtained 20 million LDO tokens. Terraform Labs has sold all 20 million LDOs Analysis based on this information:The recent data revelation by Lookonchain discloses that Terraform Labs has sold its entire 20 million LDO tokens today at a price of $207. This sale has brought Terraform Labs an amount of over $40 million. The LDO tokens were sold in two parts- 15.3 million LDOs for $32 million on a decentralized exchange at an…
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Coinbase’s Trading Volume Nosedives by 99.2%
On March 12, according to the data released by Crypto KOL and chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, which is the first time in history. The reason may be that the US dollar stable currency (USDC) (partially owned by Coinbase) triggered the anchoring in the bankruptcy of Silicon Valley banks. Coinbase’s trading volume fell 99.2% in the past 24 hours Analysis based on this information:The world of cryptocurrency is known for its unpredictability, and Coinbase, one of the world’s largest cryptocurrency exchanges, is no exception. On March 12, a piece of news from Crypto KOL and chain analyst Mr. Whale shook the cryptocurrency world. According to the data released by Mr. Whale, Coinbase’s trading volume on the cryptocurrency exchange had plummeted by a staggering 99.2% in the past 24 hours. This is the first time such a significant drop has been witnessed in Coinbase’s…
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Gemini clarifies its relationship with Silicon Valley Bank
According to the report, Gemini, the cryptocurrency exchange, said that it had no business dealings with Silicon Valley Bank, and all its products and services…
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Binance assures crypto investors on fund safety
According to reports, Binance, the cryptocurrency exchange, said that it had no risk exposure to SVB Bank and the funds were safe.
Binance: There is no…
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Bittrex Transfers Customer Deposits following Silvergate Bank Closure
It is reported that Bittrex, a cryptocurrency exchange headquartered in Seattle, announced that, in view of the recent announcement by Silvergate Bank that the…
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South Korea’s financial regulator conducts comprehensive inspection on unlicensed crypto exchanges
On March 10, it was reported that the Financial Services Commission (FSC), the highest financial regulator in South Korea, had begun a \”comprehensive inspectio…
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Securities Lawyer Prepares Class Action Lawsuit Against Cryptocurrency Exchanges
On March 10, it was reported that Tom Grady, a well-known securities lawyer focusing on investment fraud cases, was preparing to file a class action lawsuit ag…
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JPMorgan Chase Ends Relationship with Gemini, Continues Banking Relationship with Coinbase
It is reported that, according to an insider, JPMorgan Chase will end its partnership with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winkl…
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FTX Implements Bonus Plan to Retain Key Employees
According to the court documents submitted on Tuesday, the bankrupt cryptocurrency exchange FTX hopes to launch a $4 million bonus plan to prevent employees wi…
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Coinage Expands Spot Market Share in Cryptocurrency Exchange for Fourth Consecutive Month
It is reported that Coinage has expanded its spot market share in the Cryptocurrency Exchange for the fourth consecutive month. According to a report from Cryp…
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FTX Affiliate Sues Grayscale over Redemption Ban for Bankrupt Cryptocurrency Exchange
According to reports, FTX, the bankrupt cryptocurrency exchange, said that its affiliate Alameda Research had filed a lawsuit against Grayscale Investments, th…
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The Regulatory Dispute that Blocked Voyager’s Bankruptcy Process
It is reported that the bankruptcy process of Voyager, the cryptocurrency exchange, was blocked because the regulators had disputes over the cryptocurrency reg…
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Closure of Silvergate Capital’s instant settlement service may boost stable currency usage
On March 7, Kaiko, a market research company, said in a report released on Monday that the troubled Silvergate Capital decided to close its popular instant set…
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Coin An’s USDC Holdings Skyrocket as Cryptocurrency Market Volatility Persists
It is reported that, according to Glassnode data, the cryptocurrency exchange has accumulated about US $3.8 billion of USDC in the past three weeks. Up to now,…
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Co-Founder of MakerDAO Switches Cryptocurrencies
It is reported that according to the monitoring data of Twitter encrypted KOL Bit embers, Rune, the co-founder of MakerDAO, sold 760000 LDOs (about 1.9 million…
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Gemini Suspends Deposits and Withdrawals through ACH amid Monitoring of Silvergate Bank
According to reports, Gemini, the cryptocurrency exchange, said on Twitter that it was actively monitoring the situation of Silvergate Bank, but it did not dep…
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Bitso Launches Debit Card with MasterCard in Mexico
It is reported that Bitso, the leading Latin American cryptocurrency exchange, has launched a debit card in Mexico in cooperation with MasterCard. After the ex…
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Gemini Keeps a Watchful Eye on Silvergate Situation
According to reports, Gemini, the cryptocurrency exchange, said that it was closely following the situation of Silvergate.
Gemini: We are closely follo…
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Coinbase Resumes Normal Operations Following Service Disruption
It is reported that the Coinbase: (degraded) service of the cryptocurrency exchange has resumed and is running normally.
Coinbase: (degraded) The servi…