The Backpack exchange has reportedly reached over $600 million in daily trading volume within the first few days of its “preseason” launch. However, some have concerns that the majority of these trades appear to come from a single user.
The Backpack exchange has reportedly reached over $600 million in daily trading volume within the first few days of its “preseason” launch. However, some have concerns that the majority of these trades appear to come from a single user.
Celsius has successfully exited bankruptcy and begun repayments. FTX has given up on plans to restart the exchange, but “cautiously predicted” full repayment for users. Mt.Gox creditors report first bank transactions.
Mt.Gox creditors have received e-mails confirming upcoming payments, Celsius has moved funds, but ex-FTX customers have objected to the repayment plan.
The joint venture between Binance and Gulf Innova, Binance TH, will have to compete with market leader Bitkub to claim its share of the developing Thai crypto market.
The local regulator has proposed a ban on using credit cards to buy crypto from foreign exchanges due to concerns about illegal outflow of funds and money laundering.
