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The crypto exchange says more potential issues, such as an opaque token economy and an unclear vesting schedule, have also been discovered. Cryptocurrency exchange Bitget has decided to delist Floki’s sister token, TokenFi (TOKEN), and launch a buyback plan after the company discovered market manipulation issues related to the project. In a press release on Oct. 31, the exchange said the TokenFi team was suspected of market manipulation by “maliciously controlling the initial liquidity.” Bitget also addressed issues related to the project’s liquidity on decentralized exchanges, saying less than $2,000 in tokens have been added to the liquidity pool. “In addition, during a further investigation of the project, more potential issues such as an opaque token economy and an unclear vesting schedule have been discovered.” Bitget You might also like: Floki up 13% as devs launch RWA platform As a result, Bitget suspended deposits and trad...

Victoria, Seychelles, October 30th, 2023, Chainwire Bitget, a leading cryptocurrency derivatives and copy trading platform, is thrilled to announce to be one of the first centralized exchanges to list TIA, the native cryptocurrency of Celestia’s groundbreaking blockchain ecosystem. This strategic listing of Celestia’s token on Bitget opens up new avenues for users to explore the limitless potential of modular blockchains and experience the benefits of data availability and roll-up technology in a timely manner. TIA token, the lifeblood of Celestia’s ecosystem, will be available for trading on Bitget’s secure and user-friendly platform starting late October or early November. This listing marks a significant milestone for both Bitget and Celestia, as it brings together two innovative communities in the blockchain industry to drive mass adoption and foster collaboration among them. Celestia’s groundbreaking blockchain ecosystem has g...

FTX Trading Ltd. is again in talks with three bidders about reopening the bankrupt crypto exchange. According to Bloomberg, the final decision on reviving the exchange will be made by mid-December. FTX is discussing details of potentially binding offerings with investors , company investment banker Kevin M. Cofsky of Perella Weinberg Partners said during a court hearing in Wilmington, Delaware. Possible options for reviving FTX include selling the entire exchange , including its valuable list of more than 9m customers, or bringing in a partner to help relaunch the trading platform. Cofsky told US Bankruptcy Judge John Dorsey that FTX is also mulling its reboot of the crypto exchange . “We are engaging with multiple parties every day.”  Kevin M. Cofsky, investment banker FTX debts after the bankruptcy On Nov. 11, FTX declared itself bankrupt due to a large shortage of assets to cover customer obligations. This decision followed several days after an investigation into liqu...

The Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. OKX crypto currency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year. Li Zhikai, the global chief commercial officer of OKX, in an interview, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start a business. The crypto exchange has started the preparatory work such as technology docking. Hong Kong became a pro-crypto nation in 2023 and announced a licensing regime for crypto exchanges to offer their services to retail customers. While more than 80 crypto firms initially showed interest in opening an office in the country, only a couple of crypto platforms such as HashKey and OSL gained the necessary license to ...

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said. The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea, according to State Duma member Anatoly Aksakov. As previously reported, the local government was considering launching a unified crypto exchange as part of the Moscow Exchange. Instead of setting up a unified crypto exchange, Russia now wants to set rules for creating and managing such platforms, Aksakov said, the local news agency Izvestia reported on May 29. Russia’s Ministry of Finance was reportedly among the authorities that didn’t support the plan for a national crypto exchange. Aksakov, who leads the Duma’s financial markets committee, noted that crypto exchanges would allow Rus...

The rise of the BRC-20 token market has sparked a flurry of activity. Still, it’s also brought challenges, including fragmented liquidity. One DeFi platform aims to solve these issues, bringing harmony to the BRC-20 ecosystem. Bitcoin’s recent Taproot upgrade birthed a new protocol known as Taproot Ordinals. This innovation now allows users to mint BRC-20 tokens on Bitcoin. While these tokens are still somewhat under the radar, their impact is increasingly evident in Bitcoin transaction numbers. The growing demand has put a strain on Bitcoin, resulting in higher transaction fees. For investors wanting BRC-20 tokens, availability is a key concern. Multiple projects are rising to tackle these challenges, including a decentralized finance (DeFi) platform called ALEX. Fostering DeFi growth In April 2021, entrepreneurs Dr. Chiente Hsu and Ms. Rachel Yu noted the rapid expansion of DeFi and the relative lack of mainstream adoption. To help DeFi mature, they decided to create ALEX, an automa...

The APE/BTC trading pair reached an all-time high of around $90 apiece on the exchange. On April 12, Yuga Labs' ERC-20 token ApeCoin (APE) briefly surged to $90.00 from around $4.20 apiece on the South Korean cryptocurrency exchange Upbit before most gains were wiped out in a sharp sell-off. However, the token is still trading at $10.90 apiece at the time of publication, representing a significant premium of around $4.50 compared to other exchanges.  ApeCoin's spectacular rally on Upbit Currently, the only APE trading pair listed on Upbit is BTC/APE; it represents only a tiny portion of the coin's trading volume, with around 4 million tokens changing hands during the day compared to APE's overall circulation of 369 million tokens. It appears the spike was attributed to an overall retail frenzy and constriction of available trading routes on the exchange . On the same day, Upbit suspended the deposits and withdrawals of Ether (ETH) and ERC-20 tokens, pending the comple...