Centralized Exchanges (CEX) | ForkLog

ForkLog 42 04.10.2024

Binance’s Market Share Hits Four-Year Low

Binance’s share of the total trading volume in the spot and derivatives markets within the centralized cryptocurrency exchange segment has fallen to 36.6%, according to a report by CCData. This figure marks the platform’s lowest since September 2020. Last month, Binance’s spot trading volume decreased by 23% compared to August, reducing the exchange’s share to […]

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ForkLog 7 01.10.2024

Binance to Introduce Risk Warnings for Select Tokens

The largest cryptocurrency exchange, Binance, will introduce banners and pop-up warnings for certain coins that have “undergone significant changes in their tokenomics over the past 18 months.” At #Binance, we’re always listening to community feedback and looking out for our users! Starting today, we’ve introduced risk warnings for tokens with significant tokenomics changes. This initiative […]

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ForkLog 54 23.09.2024

ABCEX Launches Crypto-Fiat ATM in Moscow

The Russian bitcoin exchange ABCEX has introduced an ATM for crypto-fiat exchange. The machine is located at the trading platform’s office in “Moscow-City.” Through the ATM, clients can top up exchange accounts and withdraw funds in rubles without fees. There are plans to install similar machines in all major cities across Russia. In comments to […]

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ForkLog 21 20.09.2024

BingX Cryptocurrency Exchange Hacked, Losses Exceed $43 Million

On the morning of September 20, hackers breached the hot wallet of the cryptocurrency exchange BingX. According to analysts from PeckShield, potential losses exceed $43 million. Withdrawals have been halted, and users are urged to revoke approvals for active smart contracts. ? Security Update ? At 4 AM (SGT) on Sept 20, our team detected […]

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ForkLog 8 18.09.2024

Bitcoin Balances on Exchanges Hit Lowest Level Since 2016, Experts Say

Since the beginning of the year, bitcoin balances on centralized platforms have fallen by approximately 15% to 470,000 BTC, indicating a reduction in potential selling pressure. This was reported by CryptoQuant, according to The Block. This metric has dropped to levels last seen in 2016. The trend leads to a decrease in available supply and […]

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ForkLog 67 18.09.2024

Belarus Restricts Cryptocurrency Transactions for Individuals Outside High-Tech Park

On September 17, Belarusian President Alexander Lukashenko signed a decree titled “On the Circulation of Digital Tokens.” It prohibits individuals and sole proprietors who are residents of the High-Tech Park (HTP) from buying and selling cryptocurrencies outside Belarusian exchanges and exchangers. The decree has already come into effect. Similar restrictions for legal entities have been […]

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ForkLog 36 12.09.2024

Nigerian Authorities Freeze $330,000 in Crypto Exchange Accounts

Nigeria’s Economic and Financial Crimes Commission (EFCC) has secured a court order to freeze 22 bank accounts belonging to USDT sellers on crypto exchanges such as Bybit and KuCoin. The total amount frozen is 548.6 million naira ($330,000), according to local media. EFCC investigators have accused traders of manipulating the exchange rate of the Nigerian […]

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ForkLog 11 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

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ForkLog 13 11.09.2024

Indodax Exchange Hacked for $22 Million, Experts Report

The Indonesian cryptocurrency exchange Indodax has reportedly lost approximately $22 million in various crypto assets due to a potential hack. On September 11, security firms PeckShield, Cyvers, and SlowMist alerted the public to a fund leakage from the Indodax platform. The estimated loss includes around $22 million in BTC, POL, OP, USDT, USDC, ARB, and […]

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ForkLog 18 10.09.2024

August Sees 30% Surge in Cryptocurrency Exchange Trading Volumes

In August, trading volumes on major centralized exchanges rose by 30%, according to journalist Colin Wu.

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ForkLog 43 05.09.2024

Binance Permanently Removes Changpeng Zhao from Management

The cryptocurrency exchange Binance has permanently removed former CEO Changpeng Zhao (CZ) from management. This was reported by Axios, citing the current head of the company, Richard Teng. The entrepreneur’s plea agreement with the U.S. Department of Justice mentioned a three-year term. CZ is serving a four-month prison sentence for charges related to money laundering […]

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ForkLog 52 04.09.2024

Former Mt.Gox CEO Announces Launch of New Bitcoin Exchange

Mark Karpeles, the former owner and head of the Mt.Gox exchange, has announced the launch of a cryptocurrency platform named EllipX in Poland this September, with a focus on “transparency” and user convenience. This was reported by The Block. Karpeles will serve as the CTO of EllipX. The platform’s team is concentrated on complying with […]

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