In August 2022, the decentralized exchanges (DEX) witnessed a decrease in spot trading volume, totaling $179 billion. This marked a 9% decline compared to the previous month. Ethereum reclaimed its position as the blockchain with the highest on-chain trading activity, with approximately $52 billion traded, accounting for 29% of the total volume. On the other
Exchanges
In a recent announcement, the Singaporean entity of the crypto exchange OKX, OKX SG, revealed that it has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore, as it grants businesses the ability to operate without daily or monthly transaction limits. To
Following the recent $235 million hack, WazirX co-founder and CEO Nischal Shetty has addressed growing concerns about the exchange’s operations and ownership. Shetty revealed that he is managing the exchange on behalf of the owners amid an ongoing dispute. He emphasized that he cannot disclose specific details about trades or reversals due to confidentiality obligations.
Former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being withdrawn “without prejudice” to allow Bond to address the matter
Cryptocurrency exchanges Binance and Bybit have recently teased the launch of new products related to Solana, hinting at a possible entry into the Solana liquid staking market. Binance’s official X account shared a mysterious message “BNSOL” followed by “coming soon,” while Bybit introduced a new product “bbSol” on its platform. The lack of specific details
The recent $234 million hack on the crypto platform WazirX has led to a series of legal battles and uncertainties. WazirX has now entered an initial 30-day moratorium as Zettai Pte, the company behind its operations, filed for it on August 27. This moratorium has triggered an automatic freeze, allowing the firm to draft a
Ryan Salame, a former FTX executive, is currently in the midst of a legal battle with the US government over his guilty plea. Salame claims that his plea was based on false promises made by prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently denied Salame’s allegations, stating
Indian cryptocurrency exchange WazirX recently stated that external parties not invested in the platform might attempt to prolong its restructuring process for their own benefit. These parties are said to be more focused on creating and maintaining “uncertainty” rather than actively seeking a resolution to the current situation. This revelation sheds light on the complexity
India-based crypto exchange WazirX recently announced that it will be gradually allowing its users to withdraw fiat currency, following a cyberattack that occurred on July 18. The hack led to the theft of a substantial amount of ERC-20 tokens, valued at over $235 million at the time. This unfortunate event resulted in the suspension of
Recent reports have surfaced indicating that Russia is considering the creation of two cryptocurrency exchanges to facilitate foreign economic activities. These proposed exchanges, expected to be situated in Moscow and St. Petersburg, are intended to serve as pivotal points for international trade. According to Mikhail Uspensky, a member of the State Duma’s legislative committee on
