CoinDCX Launches $6m Customer Protection Fund
CoinDCX has established a $6 million contingency fund to protect customer funds during the Indian crypto market’s $230 million WazirX hack recovery. According to a press release, the ‘Crypto Investors Protection Fund’ will function as a safety net to mitigate user losses in the event of a security breach or other unforeseen circumstances that could […]
Bybit Introduces Pre-Market Perpetuals for Trading Tokens
Bybit has launched pre-market perpetuals to allow traders to speculate on the future values of tokens before their official launch. This product was launched by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, to enable traders to predict new token prices before their official introduction. Users can execute trades at the […]
Bitvavo Adds Nasdaq’s Surveillance Tool to Detect Market Abuse
Bitvavo, a Dutch cryptocurrency exchange, has teamed up with Nasdaq to keep an eye on the markets for indications of illicit behavior. In a news release issued today, July 31, the EU-regulated cryptocurrency exchange Bitvavo stated that it will employ the Nasdaq Market Surveillance tool to look into and identify “suspected market abuse.” The agreement […]
Crypto Exchange Bitbank eyes IPO on Tokyo Stock Exchange
Bitbank is preparing for an IPO on the Tokyo Stock Exchange, making it the second largest Japanese company to request regulatory permission to go public. The Japanese cryptocurrency trading platform Bitbank Inc. is attempting to go public to increase its market share and profit on Japan’s increasing interest in digital assets. The trading firm intends […]
Analyzing Coinbase’s Crypto Asset Accountability
Coinbase is scrutinized for adopting the new FASB rule on crypto asset accounting practices. Coinbase, a prominent cryptocurrency exchange, is presently under investigation for its accounting practices regarding crypto assets. The company’s early adoption of a new rule by the Financial Accounting Standards Board (FASB) is the cause of this circumstance. This rule changes the […]