OKEx Confirms $9M Clawback After ‘Enormous’ Bitcoin Futures Position Fails

news “In the 1800s we had a bubble in railroads, and almost every one of them went bankrupt,” said “Downtown” Josh Brown, CEO of Ritholtz Wealth Management. “But what was left behind in the wake of that financial wreckage were the tracks, and the trains, and the stations, and the expertise to build more.” That’s…

Oct 21, 2020 at 09:00 UTCCircle CEO Jeremy Allaire (CoinDesk archives)While tether (USDT), with a market cap surpassing $16 billion, continues to hold the lion’s share of stablecoins in circulation, two smaller rivals are trouncing it in crypto’s hottest market this year, decentralized finance (DeFi).  Measured by the total value locked in six of the most…

Bitcoin (BTC) prices held steady above the $27,000 level Friday even as broader financial markets showed mixed movements. Global oil prices retreated after a surge, while stocks in Asia and Europe inched higher as of Asian afternoon hours.Crypto markets were buoyed mainly as participants expected increased demand in the short term as a formal ether

Jan 10, 2020 at 15:00 UTCUpdated Jan 10, 2020 at 15:08 UTCCredit: Spunky's Bitcoin Broadcasting/YouTubeA South Korean crypto YouTuber was assaulted at his home, with some suggesting the attackers may have been by upset investors. Kyu-hoon "Spunky" Hwang was beaten in an elevator in his apartment block at around 01:00 local time on Friday, according…

Obviously a coin's price matters, but it's only one of several measures of a blockchain's value. Looking at them together gives you a fuller picture.

Goldman, JPMorgan and Citi are all said to be looking at crypto custody.Jan 15, 2021 at 9:46 p.m. UTCUpdated Jan 15, 2021 at 9:57 p.m. UTCGoldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play: SourceU.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a…

Crypto trading volumes have hit yearly lows across quarter two, as market makers scale back on trading, according to data from Kaiko.Average daily volumes for the second quarter of 2023 were $10 billion for the top 10 tokens (excluding stablecoins), compared to $18 billion average daily volumes in the first quarter of the year.This comes…

news Finland-based LocalBitcoins, a peer-to-peer bitcoin trading portal, says it has suffered a hack that affected a small number of users. The firm posted an update on Reddit on Saturday saying that it detected the security breach at around 10:00 UTC the same day, “which was related to a feature powered by a third party software.”…

Institutional Crypto Platform Talos Emerges From Stealth ModeIn the latest effort to smooth a path for buttoned-up investors, Talos, an institutional-grade conduit to the crypto ecosystem, is emerging from stealth mode to serve brokers, custodians, exchanges and over-the-counter (OTC) trading desks.The platform started out in 2018 and is backed by an impressive list of investors…