Centralized Exchanges (CEX) | ForkLog

ForkLog 28 31.05.2024

DMM Bitcoin Exchange Hacked for $305 Million

Unknown attackers have breached the Japanese cryptocurrency exchange DMM Bitcoin, extracting 4502.9 BTC (approximately $305 million at the time of writing). This was reported by CoinDesk. Representatives of the platform confirmed the attack and stated that measures have been taken to prevent further unauthorized withdrawals. Clients will be fully compensated for their losses. The exchange […]

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ForkLog 29 31.05.2024

Hidden Road to Restrict Client Access to Bybit Amid Compliance Dispute

Prime brokerage firm Hidden Road, backed by Citadel Securities, will restrict client access to Bybit, according to Bloomberg. Sources indicate the decision stems from disagreements with the cryptocurrency exchange over KYC/AML procedures. Bybit, registered in Dubai, stated in response to an inquiry that it has initiated a “comprehensive compliance review” of its brokerage business. These […]

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ForkLog 34 30.05.2024

KuCoin Introduces API Broker Program for Third-Party Applications

The cryptocurrency exchange KuCoin has announced the launch of its API Broker program. This initiative offers marketing support and commission earnings for developers of trading software for traders, according to a press release. Under the program, brokers gain access to specialized API services for creating bots and can earn up to 55% of user commissions. […]

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ForkLog 42 28.05.2024

Former Mt.Gox Chief Comments on $9.8 Billion Bitcoin Movement

Mark Karpeles, the former owner and head of the Mt.Gox exchange, does not foresee a sell-off of bitcoins distributed among the platform’s clients. As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is […]

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ForkLog 13 24.05.2024

CatCoin Developers Threaten Legal Action Against BitForex Over Withdrawal Issues

The team behind the meme coin CatCoin (CAT) has issued an official warning to the Hong Kong-based exchange BitForex regarding difficulties in withdrawing the coin. This is a formal warning to @bitforexcom Exchange regarding the withdrawal of $CAT tokens. We may pursue legal action against both Bitforex and its former CEO, @JasonLuoBF, who remains in […]

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ForkLog 13 21.05.2024

Coinbase to Introduce Oil and Gold Futures

Coinbase Derivatives plans to expand its futures offerings beyond digital assets by adding oil and gold contracts for retail trading. The company noted that the platform currently offers regulated CFTC derivative products based on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin. Following their launch, Coinbase observed a growing demand for these instruments. As a result, […]

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ForkLog 46 21.05.2024

Bitget Appoints New CEO and Hires Former CommEX Executive

Cryptocurrency exchange Bitget has announced a series of new appointments. As of May, Gracy Chen has taken on the role of CEO of the trading platform. Former CEO Sandra Lou will leave the company to pursue her own business goals. Chen holds a bachelor’s degree from the National University of Singapore and an MBA from […]

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ForkLog 11 21.05.2024

Initial Fraud Case Against Beribit Exchange Dismissed

Investigators in Khabarovsk initiated a criminal case based on a complaint from a client of the cryptocurrency exchange Beribit. This was highlighted by the Telegram channel «Менделеевщина». According to the document, the victim reported the theft of funds totaling 1.1 million rubles (10,910 USDT). The case, citing large-scale fraud, was filed against an “unidentified person.” […]

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ForkLog 21 16.05.2024

Binance Kazakhstan Secures ISO Certifications for Information Security

The cryptocurrency exchange Binance Kazakhstan has obtained international ISO certifications in information security management and confidential information. This was reported to ForkLog by representatives of the platform. The certifications were issued by the British Standards Institution following an audit of Binance Kazakhstan’s security measures, policies, and processes. ISO 27001 ensures the confidentiality, integrity, and availability […]

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ForkLog 32 13.05.2024

Russians Account for a Quarter of Bybit’s Traffic in April

The cryptocurrency exchange Bybit continues to increase its Russian traffic, reaching 25% in April, according to journalist Colin Wu. Other platforms popular among Russians include Bitfinex with 10% of total traffic, Bitget and MEXC with 9% each, and OKX with 8%. Data: Wu Blockchain. HTX saw 7% of its visits last month coming from Kazakhstan. […]

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ForkLog 28 09.05.2024

Cryptocurrency Exchange Volumes Decline for the First Time in Seven Months

The combined volume of spot and derivatives cryptocurrency markets fell by 43.8% in April to $6.58 trillion, following a record high in March of $9.12 trillion, according to data from CCData. This positive trend was interrupted after six months. Data: CCData. Experts attributed the trend reversal to escalating geopolitical tensions and a slowdown in inflows […]

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ForkLog 38 09.05.2024

BitMEX Partners with PowerTrade to Launch Options Trading

BitMEX has initiated options trading in collaboration with the PowerTrade platform. BitMEX has partnered with PowerTrade to launch an options trading service in an effort to gain market share from Deribit. Current major competitors also include Binance OKX and Bybit. BitMEX CEO Stephan Lutz said that BitMEX hopes to reach at least $500 million in […]

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