BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges

July 18, 2024 Coin Telegraph

Btcturk

Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director.

Ozgur Guneri, the CEO of Turkish cryptocurrency exchange BtcTurk, announced he is stepping down after leading the company’s business operations for seven years.

According to Bloomberg, the change in management comes amid BtcTurk’s planned expansion to Africa, the Asia-Pacific region, and Latin America in a bid to become a global crypto exchange.

BtcTurk founder Kerem Tibuk will take over as CEO, while Guneri will remain with the company and serve on the board of directors.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach

July 18, 2024 Bitcoin.com

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid 0M Security Breach

bitcoin.com

Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10%

July 13, 2024 Bitcoin.com

Binance

Binance is reportedly seeking to reduce its stake in the South Korean crypto exchange Gopax’s parent company, Streami, to approximately 10%. Binance’s mooted sale of the stake to Megazone comes just over a year after Binance acquired the controlling stake. The exchange needs to offload the stake well before the August 11 deadline for reporting […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures

July 13, 2024 Bitcoin.com

Arthur Hayes

Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions and settlements. Bitmex says: “We have accepted the BSA charge, will seek […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Exchange Bitcoin Reserves Fall Sharply This Week, Reaching $4B Outflow

July 12, 2024 Bitcoin.com

Exchange Bitcoin Reserves Fall Sharply This Week, Reaching B Outflow

Binance

According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized exchanges have seen 70,966 BTC, valued at $4 billion, withdrawn over the […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Mt. Gox repayment shakes crypto market, causing volatility

July 10, 2024 Coin Telegraph

Bitcoin Price

Bitcoin faces immense volatility as Mt. Gox repayments flood the market.

In a long-awaited move, Mt. Gox, the infamous Bitcoin exchange that collapsed in 2014, has finally started repaying its creditors.

This resolution to one of crypto’s most notorious scandals is not just closing a chapter to one of Bitcoin’s darkest hours but is also actively shaping the asset’s market dynamics in real time.

On July 5, Nobuaki Kobayashi — the rehabilitation trustee for Mt. Gox — announced the commencement of debt repayments to creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). The repayments are facilitated through a complex network of exchanges, with each entity playing a crucial role in distributing the funds.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition

July 3, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling a new phase of growth and maturity for both companies. Big Milestone: 2 Market […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Sony Group to Enter the Cryptocurrency Trading Business Through S.BLOX’s Whalefin

July 3, 2024 Bitcoin.com

bitcoin.com

Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with the release of a new app, new functions, and support for more cryptocurrency assets. Sonny Group to Dabble […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto Exchange Binance Takes Action Against Account Misuse

June 30, 2024 Bitcoin.com

account misuse

Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered for verified misuse reports. Binance Cracks Down on Account Misuse to Uphold Compliance Cryptocurrency […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Coinbase and payment processor Stripe form partnership for onboarding

June 27, 2024 Coin Telegraph

Coin Telegraph

The partnership will bring USDC support to Stripe on Coinbase’s layer-2 network, Base, and several other integrations.

Coinbase and Stripe have formed a partnership to bring fiat-to-crypto on-ramps and off-ramps for customers of both platforms, according to a June 27 announcement.

The new integration introduces support for USD Coin (USDC) on Base as part of Stripe’s crypto payouts, allowing faster cross-border remittances and settlements of fiat equivalents across 150 sovereign countries.

USDC will also be available as part of Stripe's fiat-to-crypto on-ramp, facilitating easier onboarding for customers converting fiat to digital assets.

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