Features Crypto News by Thebittimes.Com

Revolut has launched Revolut X, a new crypto exchange platform for pro traders. The exchange will initially only be availabe to UK users. Revolut’s new crypto trading platform Revolut X is now live, the fintech company announced on Tuesday. Revolut X brings retail crypto trading to UK customers and offers a number of top features that could see it take a chunk of users from established cryptocurrency platforms currently available in the United Kingdom. Revolut X goes live for UK users With its aim at professional traders, Revolut X is designed to be the most accessible crypto exchange to users in the UK via instant on & off ramp and zero fees. Leonid Bashlykov, Revolut’s Head of Crypto Exchange Product, said in a comment: “We understand that competitive fees as well as easy on and off ramping are at the heart of what experienced traders want from a crypto platform.” The new platform will offer real-time trading and analytics ...

OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services. Global web3 technology company OKX has recently expanded its reach by launching a crypto exchange and web3 wallet platform in Brazil. This move provides Brazilian users with direct access to decentralized finance and cryptocurrency trading. The introduction of the OKX platform in Brazil is notable for its inclusion of Brazilian real fiat-on-ramp capabilities, facilitating easier entry for local users into the crypto market. The OKX Exchange offers a comprehensive platform for trading a vast array of crypto currencies. It stands out with its advanced crypto Features , such as staking rewards and defi integrations, catering to both novice and experienced traders. As we continue our global mission to drive crypto forward, we're excited to announce the official launch ...

Former FTX executives, including a witness against Sam Bankman-Fried, have launch ed a new crypto platform called Backpack that pledges transparency. According to the Wall Street Journal report, Can Sun, the former general counsel for FTX and a key witness in the trial of founder Bankman-Fried, is behind the new venture. A beta version of Backpack is expected to launch soon. A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer https://t.co/ZpsHtyHW4X https://t.co/ZpsHtyHW4X — The Wall Street Journal (@WSJ) November 11, 2023 The project will be operated by Dubai-based startup Trek Labs. It also plans to introduce a more secure and transparent trading model, leveraging lessons learned from the collapse of FTX. The platform is centered around “self-custody” wallets using multiparty computation ...

Ukraine’s Ministry of Digital Transformation hopes the list will expand the Ukrainian IT ecosystem internationally. The Ministry of Digital Transformation of Ukraine and ІТ Ukraine Association released a list of Ukrainian top IT companies to boost local products globally. Among 96 startups and product companies on the list, the ministry also included four crypto -and- blockchain -related Ukrainian companies: Kuna, a crypto banking B2B platform (previously operated as a crypto exchange) founded by Mykhailo Chobanian in 2014; Hacken, a blockchain security auditor founded by Dmytro Budorin in 2017; Lawyerd, a blockchain-based platform for brand protection founded by Igor Hludov and Igor Makushinsky in 2020; V-Art, a blockchain-based licensing platform with support for non-fungible tokens (NFTs) founded by Anastasiia Gliebova, Anton Velychko, Oleksandr Velychko, Olga Simson, and Roman Minin in 2020. You might also like: Ukraine probes local crypto exchanges for tax dod...

The Remitano exchange experienced suspicious transactions as over $2.7 million was drained from its wallet by a single account. Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked . A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers' crypto. At approximately 12:45 p.m. on September 14, a known Remitano hot wallet began sending funds to an address with no prior history. Approximately $1.4 million worth of Tether (USDT) and $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 Ankr tokens (worth $2,000 at the time) were moved to address 0x74530e81E9f4715c720b6b237f682CD0e298B66C. Blockchain analytics platform Cyvers has alerted the crypto community about the alleged suspicious transactions. ALERT...

Turkish crypto exchange Thodex’s found er and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex, a crypto exchange that went bankrupt in 2021 — to 11,196 years and 10 months in prison for crimes including fraud alongside his two siblings. According to a Sept. 7 report by state-run Turkish news agency Anadolu, the Istanbul court delivered its verdict to Ozer and his two siblings — who received similar sentences — on Sept. 7. The men in question were found guilty of aggravated fraud, leading a criminal organization, and money laundering. Bloomberg describes Ozer as a “high-school dropout” who founded the exchange in 2017, at the height of the crypto craze. Later, he fled to Albania when the platform collapsed. He also reportedly appeared unrepentant during his final hearing. “I am smart enough to manag...

Play-for-Gold Web3 game Golden Egg Wonderland gets a beta update with tons of new features and a comprehensive NFT economy. Web3 game Golden Egg Wonderland received a major update with new features, in-game characters and a way to exchange Golden Egg NFTs for physical golden eggs. Web3 gaming has become one of the most popular sectors of the blockchain ecosystem, providing a medium for other blockchain-based technologies, such as nonfungible tokens (NFTs) and decentralized finance (DeFi), to proliferate as well. Attracting more than one-third of the total blockchain activity, the Web3 gaming space has spawned numerous interesting innovations over the last couple of years. The most prominent trend within Web3 gaming turned out to be play-to-earn (P2E), where players can collect in-game tokens and NFTs that hold real-life value. Over time, P2E gaming saw many different iterations, and the new play-for-gold (P4G) approach expands Web3 gaming beyond the digital universe. The FRUITS Eco-Bl...

The CEO believes investors will be inclined to seek exposure to Bitcoin in a more familiar, structured and protected regulatory environment. Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange -traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian retail investors will be exposed to Bitcoin within a formidable regulatory landscape: “Through a Bitcoin ETF it makes it possible for them to buy and use the asset class in ...

The market capitalization of the LADYS token has surpassed $140 million after surging in popularity. On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether (ETH) sale price of the collection soaring.  According to token developers, LADYS has "no association" with Milady creator Charlotte Fang or Milady Maker. The token "is simply paying homage to an NFT collection we all love and recognize." "$LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only." However, investors have found LADYS to encompass more than just meme value. At the time of public...

Join Our Telegram channel to stay up to date on breaking news coverage To locate customers’ missing billions, FTX has hired a forensics team According to reports, the new management of the bankrupt cryptocurrency exchange FTX has hired a group of financial forensic investigators to find the missing customer cryptocurrency valued at billions of dollars. As per a Dec. 7 Wall Street Journal article, financial advisory firm AlixPartners was chosen for the job and is run by Matt Jacques, a former chief accountant for the Securities and Exchange Commission (SEC). As part of the restructuring work being done by FTX, the forensics firm will reportedly be tasked with carrying out “asset-tracing” to find and recover the missing digital assets. Hackers stole over $450 million worth of assets Hackers stole over $450 million worth of assets from wallets owned by FTX and FTX.US on November 11. Sam Bankman-Fried, a former CEO, claimed in an interview with cryptocurrency ...