TSM FTX is dropping FTX following the cryptocurrency exchange’s collapse

The esports giant TSM FTX is suspending its blockbuster sponsorship deal with the collapsed cryptocurrency exchange and is dropping FTX from its name. “After monitoring the evolving situation and discussing internally, we’re suspending our partnership with FTX effective immediately,” TSM wrote on Twitter on Wednesday. “This means that FTX branding will no longer appear on … Read more

As FTX sinks, other crypto exchanges are showing their coins

As FTX, formerly the world’s third-largest cryptocurrency exchange by volume, files for bankruptcy and halts withdrawals, other exchanges are working hard to assure customers that they won’t be meeting the same fate. Binance, Crypto.com, and others have started releasing partial looks at their books, while Coinbase executives are on a media tour telling investors that … Read more

Cloudflare outage hit crypto exchanges FTX, Bitfinex and more – TechCrunch

A Cloudflare outage on Tuesday knocked out numerous popular web services, including major crypto exchanges FTX, Bitfinex, and OKX, raising questions about the stability of centralized crypto platforms. The CEO of OKX, which saw $1.47 billion in trading volume in the past 24 hours, tweeted asking for “web3 alternative in the future” after the company’s … Read more

What the wave of layoffs says about the value of crypto exchanges – TechCrunch

The crypto sell-off of the last several days was preceded by staffing cuts at several companies in the business of facilitating the trading of decentralized assets and tokens. Reductions at Gemini and Crypto.com were superseded today by news that Coinbase is cutting more than 1,000 staff. Given that Coinbase and other crypto exchanges were high-flying … Read more

Best Crypto Exchanges of 2022

Image: lucadp/Adobe Stock What is cryptocurrency, and what is a crypto exchange? Cryptocurrencies, often shortened to crypto, are digital or virtual currencies often in the form of tokens used to engage in secure online transactions such as payments. A crypto exchange is a digital transaction mechanism – essentially an online market – which allows you … Read more

Crypto Exchanges in India Disable Deposits via State-Backed System, Stir Alarm

Massive Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the acquisition of cryptocurrency utilizing a widely-used state-backed switch system, spurring customers to voice concern on social media. India has spent years on a regulation to ban or regulate cryptocurrencies, with its central financial institution backing a ban over their menace to … Read more

Market Share of Top Centralised Exchanges Hit 96 Percent in February 2022: Here’s What That Means

The market share of better-known crypto exchanges the world over has reached a brand new all-time excessive of 96 % in February 2022, as per knowledge collected by UK-based analytics firm CryptoCompare. The information hints at an imminent oligopoly of exchanges dominating shopping for and promoting volumes as their traction accelerates, leaving smaller gamers behind. … Read more

Government Recovers Over Rs. 95 Crore From 11 Cryptocurrency Exchanges for GST Evasion

The federal government on Monday stated Rs. 95.86 crore has been recovered from 11 cryptocurrency exchanges for evasion of Items and Companies Tax (GST). The overall quantity contains penalty and curiosity. Zanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Purchase Ucoin, UnoCoin and Flitpay have been among the many exchanges that have been concerned in GST … Read more

Japan Reminds Crypto Exchanges to Act in Line With Sanctions Against Russia, Belarus

Japan requested on Monday that crypto exchanges not course of transactions involving crypto property topic to asset-freeze sanctions in opposition to Russia and Belarus, officers stated on Monday. The request was made after a Group of Seven (G7) assertion on Friday that stated Western nations “will impose prices on illicit Russian actors utilizing digital property … Read more