Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion according to Voyager. Voyager said the bid was made up of the fair market value of its crypto holdings “at a to-be-determined date in the future” estimated to be around $1.3 billion along with $111 million of what it says is “incremental value,” but did not provide further details. Little information was given regarding what will happen to Voyager customers still awaiting access to their crypto holdings, with Voyager stating additional information about crypto …

Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According to details published by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each proposed their own terms and conditions for the acquisition. The details, which were also posted to Reddit, suggested that FTX and Binance have each proposed roughly $50 million in cash for Voyager’s assets, though Binance’s dollar amount is higher. The cash amount would go toward “deficiency and other claims,” …

There's a dizzying array of crypto exchanges out there — with the market becoming increasingly saturated as new trading platforms emerge. Want to make deposits with a particular fiat currency? There's an exchange for you. Want to retain control of your keys? You can go decentralized. Determined to keep trading fees to an absolute minimum? No problem — some sites offer zero commission. Many exchanges also offer a tailored approach depending on whether you're an expert or a beginner. TradeSanta, which offers automated crypto trading bots to the masses, has been keeping a close eye on the evolution of exchanges. …

The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, Head of Content at Australian crypto exchange CoinJar. In May 2021, the exchange became the first crypto company in Australia to sponsor an Australian Football League (AFL) club by partnering with the Melbourne Demons. Speaking to Cointelegraph at the Australian Crypto Convention on Sept. 18, Ryan remarked the AFL partnership changed the discussion around cryptocurrency in the country and that “it gives cryptocurrency a bigger sense of permanence.” “Perhaps prior to this real punch into the sporting …

On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash. And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create legislation to increase cryptocurrency regulations. But these two stories are not mutually exclusive. And the sequence of events proves that governments are purely reactive rather than proactive when it comes to decentralized finance (DeFi). Tornado Cash was sanctioned by the Office of Foreign Assets Control …

As with many things in life, events are not siloed. When any type of event or action occurs, planned or unplanned, it causes changes and reactions to surrounding components. Think of a stone thrown into a pond creating ripples in the water while also altering the aquatic environment below the surface. This school of thought can also be applied to the Ethereum Merge. The Ethereum blockchain, with its native coin Ether (ETH), is a pillar of the crypto asset industry — an industry that has become increasingly mainstream with each passing year. Ether is the second most popular altcoin, with …

Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary. What exactly is a “custody client?” It’s similar in principle to a savings account with a traditional bank — often repayable upon demand by the custodian. In this case, it’s Celsius that has a fiduciary responsibility. This type of account is kept separate from an “earn-and-borrow” account. It includes coins that can be transferred, swapped or used …

A company that offers automated crypto trading bots has rolled out support for another exchange. TradeSanta says its infrastructure has now been integrated with Kraken — with spot and futures trading available. It's hoped this latest collaboration will introduce a new audience to trading bots, and forms a crucial part of TradeSanta's strategy to integrate as many exchanges as possible. TradeSanta's powerful tools can already be used across Binance, HitBTC, Huobi Global, Upbit, OKX, Binance US, Coinbase Pro, FTX and Bybit. Paid subscriptions can unlock access to TradingView Screener signals and Custom TradingView signals. According to the company, its suite …

Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors. The new exchange will be backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released Sept. 13. Jamil Nazarali has moved from Citadel Securities, where he was global head of business development, to the exchange as its CEO. The EDXM board of directors, made up of representatives of the founding members, commented: “Crypto is a $1 trillion global …

Eight years ago, in 2014, the crypto world was rocked by the crippling hack of Mt. Gox, a popular Bitcoin (BTC) exchange, which was forced to shut down after miscreants were able to make away with approximately 850,000 BTC, worth more than $16 billion at today’s exchange rates. At the time of the incident, the Tokyo-based exchange was the world’s largest cryptocurrency trading ecosystem, processing over 70% of the crypto market’s daily Bitcoin trading volume. However, due to its lack of quality security protocols, hackers were able to make their way with the crypto assets of over 24,000 customers, which …

Are there any other limitations to consider? Yes — as your funds may need to be locked up in order for rewards to be generated. With some non-custodial staking providers, you need to delegate a minimum of 120 DOT in order to stake — that's worth about $840 at the time of writing. Worse still, failing to withdraw rewards regularly can mean they vanish after just 12 weeks. In some cases, you can lose your rewards and end up paying punishing fees if you try to redeem your DOT early, too. XGo does things differently and says it offers staking …

It took a few years, but government crackdowns on “insider trading” involving digital assets have finally arrived. It’s about time! Insider trading occurs often in our securities markets, so it was only a matter of time before crypto and other digital assets would be exploited improperly by miscreants for financial gain. On June 1, the U.S. attorney for the Southern District of New York announced a criminal indictment against a former product manager of the OpenSea marketplace, Nathaniel Chastain. He is charged with using the confidential information about which nonfungible tokens were going to be featured on OpenSea’s homepage to …