Exchanges news
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Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scam
Bitcoin Magazine Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scam A scammer who went by the online name “lolimfeelingevil” will face 12 years in prison after pleading guilty for playing his part in stealing $16 million in crypto from Coinbase users. Ronald Spektor, 23, from...
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New York Sues Polymarket US Over Unlicensed Gambling
New York sued Polymarket's U.S. exchange on Sept. 24, asking a state court to close it as an unlicensed gambling business and take its profits. Attorney General Letitia James filed the verified petition in Supreme Court of the State of New York, New York County, naming QCX LLC, which does...
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Bitget Moves Institutional Collateral To Sygnum's Off-Exchange Custody
Bitget's institutional clients can now hold trading collateral at Sygnum, the Swiss digital-asset bank, instead of on the exchange's balance sheet, the two companies said Thursday. The arrangement moves counterparty risk off the exchange. Collateral sits in segregated, bankruptcy-remote accounts......
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Solana Foundation Hires Binance's Former Global CMO for Institutional Push
Rachel Conlan arrives as chief strategy officer and Polygon Labs' Jamal Raees takes over payments, both recruited from elsewhere in crypto.
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Solana Foundation taps Binance, Polygon vets to drive institutional adoption and payments
Solana Foundation appointed Rachel Conlan as chief strategy officer and former Polygon Labs exec Jamal Raees as GM of payments.
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Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push
Rachel Conlan and Jamal Raees join as Solana aims to court institutions moving payments and assets onchain.
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Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand
Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships.
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Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme
The fraudster managed to scam about 100 people across the United States, convincing them of transferring funds to him, claiming their accounts had been hacked.
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Era of pure crypto exchanges is ending, Bybit CEO says
Bybit’s global campaign positions it as a broader financial platform, though its stock, gold and forex derivatives were already available.
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Brooklyn Man Who Bragged About $16M Coinbase Scam Gets Up to 12 Years
He posed as support staff, emptied about 100 accounts, then lost $6 million of the proceeds gambling, according to his own messages.
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Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme
A court sentenced 23-year-old Ronald Spektor to four to 12 years in prison for a $15.9 million Coinbase phishing scheme.
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Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower
Bitcoin fell through $85,000 on Wednesday and ended the U.S. session 1.9% below the level Bitfinex analysts had published that day as the average cost of every share bought through the U.S. spot exchange-traded funds. The two sessions of ETF creations that carried the market into Wednesday are...
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Zcash Clears $1,600 After 21Shares Launches European ETP
Zcash crossed $1,600 for the first time since 2016, extending a rally as 21Shares opened a new route for European brokerage customers to gain exposure to ZEC. The move followed a $1,383.30 intraday high recorded on Coinbase on Sept. 16. It returned ZEC to levels last seen during its 2016 launch......
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Zcash's Wall Street Moment Reaches Europe With Its First ETP Listing
21Shares listed Europe's first Zcash exchange-traded product on Euronext Paris and Amsterdam this week as ZEC continues its banner year.
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HTX’s proof of reserves doesn’t match its blockchain balances
Justin Sun-owned HTX claimed in its September proof of reserves (PoR) that it held 360949.90 USDS in 0xdaa4393013f359fd63a133a3b893d311aba4e471 at a block height of 25876316. However, that address at that block height actually contained 0 USDS. The only transaction where this address actually...
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Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans
The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.
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NYSE and Blockchain.com Working Together To List Tokenized Stocks
Bitcoin Magazine NYSE and Blockchain.com Working Together To List Tokenized Stocks The New York Stock Exchange and crypto exchange Blockchain.com have signed a memorandum of understanding to debut tokenized stocks. According to a Wednesday statement, if approved, Blockchain.com users would be able...
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Crypto Exchange That Invented 100x Leverage Is No More: Here’s What BitMEX Users Need to Know
BitMEX ended trading at 04:00 UTC Wednesday and is urging users to withdraw their remaining funds, as fees now apply to balances left on the exchange.
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NYSE Taps Blockchain.com to Reach Crypto Investors With Tokenized Stocks
Blockchain.com and NYSE Group signed a preliminary agreement to give the crypto exchange's users access to tokenized U.S. stocks and ETFs, pending regulatory approval.
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Inside the FBI’s little-known annual crypto crime gathering
The Virtual Asset Technical Exchange brings together investigators, law enforcement officials, and crypto-security specialists to exchange intelligence on a wide range of crimes involving digital assets.
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Ondo Opens In-Kind Minting for Tokenized US Stocks
Ondo Finance has opened an in-kind creation and redemption route for Ondo Stocks, allowing approved institutions to exchange U.S. stocks and ETFs held at Alpaca for corresponding tokens on Ethereum or BNB Chain. The change, announced on Sept. 21, lets eligible institutions use existing share......
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Blockchain.com and NYSE Explore 24/7 Tokenized Stock Trading
Blockchain.com and NYSE Group announced an agreement on Sept. 23 to explore giving Blockchain.com customers 24/7 access to tokenized U.S.-listed stocks and exchange-traded funds through NYSE’s planned digital venue. The agreement covers joint product development rather than the launch of a...
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BitGo CEO Mike Belshe: Why Dollar Debasement Fuels the K-Shaped Economy
Bitcoin Magazine BitGo CEO Mike Belshe: Why Dollar Debasement Fuels the K-Shaped Economy Mike Belshe says tokenization isn't really about trading — it's about access. The BitGo CEO walks through how the current system dates back to the 1960s paper crisis, when the New York Stock Exchange had to...
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Winners and losers of the SEC’s new tokenized stocks rules
The SEC has opened a five-year path for tokenized stocks, but only some products and venues fit the model. Will Uniswap, Robinhood, Coinbase or Kraken come out on top?
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BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
The exchange, co-founded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its wind-down continues.
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Former Polish Police Officer Charged as Zondacrypto Probe Searches Fuel Depot
Investigators are combing the site where the exchange's founder was last seen in 2022, using experts and forensic equipment.
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BitMEX ends crypto trading, keeps withdrawals open after closure
BitMEX officially ended exchange operations after more than 11 years, while withdrawals remain open as the crypto derivatives platform urges users to remove their funds.
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Coinbase users can now borrow USDC against bitcoin at a fixed rate
Coinbase now allows users to borrow the USDC stablecoin against their bitcoin at a fixed interest rate and repayment date.
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SEC Crypto Custody Rewrite Enters White House Review
The Securities and Exchange Commission’s proposed rewrite of custody rules for investment advisers and investment companies entered White House review on Aug. 25, placing a new crypto-focused framework into regulatory review after the agency withdrew a separate 2023 safeguarding proposal. The...
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SEC Clears Tokenized Stocks To Trade Onchain As CFTC Widens Software Relief
The two U.S. market regulators issued crypto exemptions within hours of each other on Thursday, the first concrete use of the existing authorities both chairmen invoked after the Senate refused to take up the market structure bill. The Securities and Exchange Commission (SEC) granted temporary,......