Centralized Exchanges (CEX) | ForkLog

ForkLog 33 12.02.2024

Bybit Launches ‘Trader’s Year of 2024’ with Tournaments and VIP Events

Cryptocurrency exchange Bybit has unveiled its Bybit Trader’s Year of 2024 campaign, featuring monthly competitions, educational initiatives, a gala evening for VIP users, and various events celebrating the upcoming Bitcoin halving and the platform’s sixth anniversary. The campaign will run throughout the year. To participate in the tournaments, one must: register on Bybit; have a […]

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ForkLog 14 07.02.2024

Binance Confirms Asset Coverage for Users

The cryptocurrency exchange Binance has released the audit results of its reserves, asserting an over-collateralization of client funds. As of February 1, the company held 609,477 BTC and 4,353,718 ETH. User deposits in leading cryptocurrencies amounted to 594,688 BTC and 4,163,085 ETH, with coverage reaching 102% and 104%, respectively. In the stablecoin USDT, coverage was […]

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ForkLog 10 07.02.2024

CEO of Bitsonic Sentenced to Seven Years for Fraud

The CEO of South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has been sentenced to seven years in prison for his involvement in a fraudulent scheme amounting to 10 billion won ($7.5 million), according to local media. Court documents reveal that from January 2019 to May 2021, Shin artificially inflated trading volumes on the exchange and […]

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ForkLog 77 06.02.2024

AI-Generated Documents Service Circumvents KYC on Major Crypto Exchanges

A new online service, OnlyFake, has emerged offering AI-generated documents for KYC verification for $15, according to 404 Media. The platform generates fake driver’s licenses and passports from 26 countries, including the US, Canada, the UK, Australia, and several EU nations, accepting cryptocurrencies as payment. OnlyFake produces realistic images of IDs against backgrounds like wallpapers […]

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ForkLog 89 06.02.2024

Monero Price Drops 15% Following Binance Delisting Announcement

On February 20 at 3:00 UTC, cryptocurrency exchange Binance will remove Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from its list of tradable assets. February 6, 2024 | 17:42Update: In response to the delisting decision, Monero developers stated they would never compromise on privacy and advised trading XMR on other platforms. Monero will […]

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ForkLog 19 01.02.2024

OKX Sees Fivefold Increase in Russian Traffic in 2023

By the end of 2023, traffic from Russia to the cryptocurrency exchange OKX surged by approximately 400%—from 250,000 to nearly 1.25 million visits. This is according to data from the analytics service SimilarWeb. Russia now ranks alongside Mexico and Japan as one of the top three countries driving traffic to OKX. The main surge began […]

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ForkLog 42 01.02.2024

FTX to Fully Reimburse Clients but Abandons Relaunch Plans

FTX has promised full reimbursement to clients, though the plan has not satisfied everyone. No investors were found to revive the exchange, nor were there buyers for the platform itself. Liquidators criticized FTX’s business acquisitions. The bankrupt exchange FTX intends to fully settle its obligations to clients, but a platform relaunch is not being considered. […]

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ForkLog 17 30.01.2024

Anton Toroptsev: CommEX Clients Show Interest in P2P Deals and Simple Futures

As of the end of January 2024, the monthly spot trading volume on the cryptocurrency exchange CommEX reached 185 million USDT, while futures trading hit 500 million USDT, according to Anton Toroptsev, the regional director of the platform in Russia and the CIS, speaking to ForkLog. One of the popular segments has been the Simple […]

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ForkLog 23 30.01.2024

OKX Expands Support for Ordinals Equivalents Across Four Networks

OKX exchange will extend support to inscription standards Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20). Seeking more details on our plans for inscriptions? Read our press release: https://t.co/pbgIarqkNg Follow us @OKXWeb3 for our latest product updates and integrations. — OKX (@okx) January 29, 2024 “We view inscriptions as a powerful innovation that opens up […]

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ForkLog 48 23.01.2024

Bybit Unveils Keyless Web3 Wallet

The cryptocurrency exchange Bybit has introduced support for a keyless Web3 wallet, employing MPC technology for private key generation, according to a press release.

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ForkLog 27 19.01.2024

Bitget Introduces P2P Platform for Early Access to ‘Promising Tokens’

The cryptocurrency exchange Bitget announced the launch of a new product called ‘Spot P2P’. This platform offers users early access to assets not yet traded on the exchange. The aim of ‘Spot P2P’ is to assist projects that do not meet listing requirements but are of interest to users. Currently, the platform features six tokens: […]

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ForkLog 55 19.01.2024

Security through clarity: how OKX safeguards customers’ bitcoin

Centralised exchanges prefer to conceal how they secure customer funds, following the principle of security through obscurity. The less an attacker knows about a platform’s inner workings, the harder it is to exploit potential weaknesses. However, the OKX team believes clients have a right to know how the platform holds their assets. Transparency is one […]

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