Users of Luno’s new bitcoin “savings wallet” can earn up to 4% interest per year, the exchange said. Source link
Exchange
78 posts
Institutions hold record bullish beets in CME Bitcoin futures as the cryptocurrency shows resilience to negative news. Source link
OKEx has suspended all cryptocurrency withdrawals indefinitely, saying one of the exchange’s key holders is “currently cooperating with a public security bureau in investigations” and has “been out of touch” with the exchange. OKEx’ CEO subsequently said the investigation is the key holder’s personal issue. Update (Oct. 16, 4:57 UTC): This article has been updated with information about coin withdrawals, price of bitcoin. Source link
On Oct. 1, Diginex became the first crypto exchange operator to list on Nasdaq. Although the business is still in its early stages, a look into Diginex’s operations and filings can give us deeper insights into the exchange industry, historically unknown to the public. CoinDesk Research presents an in-depth look into Hong Kong-based Diginex, the digital asset financial services company. Once in the business of cryptocurrency mining, Diginex sold most of those operations in 2018 and changed its focus to developing a digital asset financial services stack that includes an exchange, custodian, trading system and other complimentary business lines. The company […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.5 million raised so far. Source link
Eosfinex has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex cryptocurrency exchange to the EOS community. Source link
The blockchain-based exchange comes as part of new measures announced by President Nicolas Maduro in a big to sidestep tough U.S. sanctions. Source link
Japan’s Tokyo Stock Exchange (TSE) has shut down all trading for a full day due to a systemwide technical error. Though the exchange says the glitch is unrelated to hacking, it has yet to say when trading will resume. The TSE said it would halt trading for all of Thursday as it works to resolve the system failure, which was detected some two hours before markets were set to open, adding that it “sincerely apologizes for any inconvenience caused to investors.” A spokesperson for the exchange’s operator, the Japan Exchange Group, says the error was not caused by a hack, but […]
Hybrid blockchain platform Kadena plans to launch a new multi-chain decentralized exchange (DEX) in hopes of wooing business from congestion-plagued Ethereum-based rivals. Called Kadenaswap, the new DEX, unveiled Tuesday and set to debut late this year, will attempt to skirt Ethereum’s surging gas fees and perennial network congestion (caused in part by the explosive success of Uniswap) by providing decentralized finance (DeFi) traders with an alternative platform that Kadena President Stuart Popejoy claims can handle high volumes. Source link
Gemini said adding shielded zcash withdrawals showed regulators could be made to be comfortable with privacy coins. Source link
There’s a degree of transparency in cryptocurrencies that doesn’t exist in traditional markets like stocks and bonds: Thanks to data that’s easily extracted from blockchains, everyone can see everyone else moving their money around. That means traders can keep an eye on exchange wallets to gauge whether investors and crypto miners are getting their bitcoin into position for a possible sale — or taking balances down from the exchanges in anticipation of holding for the longer term. The latter might be what’s happening now, CoinDesk’s Muyao Shen reported Monday. Total balances of bitcoin on major exchanges has hit its lowest levels since […]
PETA and South Dakota Governor Kristi Noem, who is also an avid hunter, engaged in a war of words on Twitter after the non-profit animal rights group attacked her over a video she posted showing her hunting birds in a field. People for the Ethical Treatment of Animals (PETA) has pulled no punches, taking a swipe at Noem, South Dakota’s Republican governor, after she posted a video showcasing her sharp-shooting skills. “This is how we do social distancing in our state,” Noem says in the video before turning around and killing a bird in a volley of shots. “Less Covid, more […]
The cryptocurrency and security token exchange’s blockchain IPO is the first of its kind and gives observers and issuers a ground-level view of what’s going on through the Etherscan block explorer. The public can see roughly the number of investors receiving INX tokens after putting money into the sale by watching the number of holders on the token tracker. (Some of these are internal operational transactions, however, such as when Tokensoft loads the distribution smart contract.) Traditionally, to get information on who beneficially owns an interest in shares held at central securities depositories like the Depository Trust Company, investors or issuers […]
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the state since 2006. “By becoming a bank we get direct access to federal payments infrastructure, and we can more seamlessly integrate banking and funding options for customers,” said David Kinitsky, a managing director at Kraken […]
Cryptocurrency exchange Kraken will operate in Japan for the first time in two years. The company said Tuesday its Japanese subsidiary, Payward Asia Ltd., completed the regulatory registration process and has been granted a permit to operate as a crypto asset exchange business in the country. Source link
More than 30% of new customers at bitFlyer, a major Japanese crypto exchange, are in their 20s, the exchange said. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards. Source link
Japanese crypto exchange Bitgate will soon offer customers cold storage services through BitGo, a U.S.-regulated trust company, meeting new legal requirements set by the local financial regulator. BitGo announced Wednesday it would provide its “Self-Managed Custody” service to the exchange, which is supervised by the Japanese Financial Services Agency (JFSA). Japan-based financial services firm Daiko Holdings secured a controlling stake in the exchange earlier this year. These are requirements by the JFSA, said BitGo CEO Mike Belshe, with new regulations going into effect this past May reflecting an increased amount of attention paid to security in a country that has suffered […]
https://cdn1.img.sputniknews.com/img/07e4/08/1c/1080298407_0:57:2078:1225_1200x675_80_0_0_13879a5b64cd3b95e432beb78d9bacdc.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Muhammad Osman. Sputnik International https://sputniknews.com/sport/202008281080298321-man-city-ready-to-offer-895m-plus-silva-jesus-garcia-in-exchange-for-lionel-messi—report/ Argentinian football superstar Lionel Messi is reportedly mulling an end to his 20-year career at Camp Nou this summer. The reports come following a recent 2-8 loss Barcelona suffered at the hands of Bayern Munich in a quarter-final match at the 2019–20 UEFA Champions League. The sports legend reportedly intends to move to Manchester City. English Premier League club Manchester City is “ready to offer” Spanish football giant Barcelona £89.5 million ($118.1 million) in addition to Brazilian forward player Gabriel Jesus, Portuguese midfielder Bernardo Silva and Spanish back player Eric Garcia in exchange for club superstar […]
When Hong Kong regulators gave crypto firm OSL a nod of approval last week, it was the icing on the cake for the HKEX-listed digital asset trading platform. Hong Kong’s Securities and Futures Commission (SFC) granted BC Group crypto subsidiary OSL an “approval-in-principle” for its license application for Type 1 (dealing in securities) and Type 7 (automated trading service or ATS), as it pertains to crypto and virtual assets. The bigger picture is that Asian crypto hubs like Hong Kong, Singapore and Japan have a clearer regulatory stance going forward and are progressing faster than the U.S. and Europe. Perhaps this […]
Crypto exchange Shakepay, which describes itself as “Canada’s fastest-growing bitcoin platform,” conducted a “proof-of-reserves” audit and acquired an insurance policy to reinforce its security, perhaps learning a lesson from fellow Canadian platforms QuadrigaCX, Einstein and Coinsquare, which all lost customer funds or have otherwise been involved in scandals over the past 20 months. The Montreal-based crypto exchange hired blockchain forensics firm CipherBlade to conduct a full audit of its reserves and security policies. To safeguard its customers’ funds, the exchange also tapped a third-party custodian and secured a specific insurance policy for its cold wallets through Aon, underwritten by insurers with […]
South Korea’s third largest crypto exchange, has reportedly been seized by police over allegations it faked most of its trading volume. Source link
Major Japanese crypto exchange Coincheck aims to launch its first Initial Exchange Offering project for Hash Palette, a content distribution platform for Japanese comic and graphic novels, anime and music by next March. Source link
OSL Digital Securities was the first crypto exchange to apply for the SFC’s opt-in license last November. Source link
INX Ltd. said it will launch its long-awaited landmark initial public offering (IPO) as soon as Monday, capping a nearly two-year journey for the startup cryptocurrency and security token exchange. The net proceeds would be used to: The instruments on offer are a hybrid of utility and security tokens. INX’s sale would mark a milestone for the blockchain industry. It’s been a long road for the company, whose U.S. operations are led by Executive Managing Director Alan Silbert. (His brother Barry is the CEO of Digital Currency Group, the parent company of CoinDesk.) Source link
Mexo, a cryptocurrency exchange designed for the Latin American user, launched on Thursday. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
LGO says its partnership with Fireblocks will speed up slow deposit times – an opportunity cost for crypto exchange users. Source link
Perpetual swaps that track the price of ether (ETH) are coming to dYdX, the company announced Tuesday. “The main reason people like trading these contracts is because people can trade them with pretty high leverage,” dYdX founder Antonio Juliano told CoinDesk in a phone call. The decentralized finance (DeFi) firm was founded three years ago to contribute to the stack of financial products available in the crypto industry. It started with enabling margin trading on Ethereum and has now expanded to providing synthetic assets that enable traders to make bigger bets. This follows its launch of bitcoin perpetual swaps in April. […]
The Jack Dorsey-backed token platform CoinList launched an exchange Thursday aimed at institutional traders. CoinList Pro, modeled after the incumbent rival, Coinbase Pro, is an exchange tailored to trading and buying the new tokens listed by CoinList clients. CoinList launched some of the trendiest cryptocurrency sales to date for non-U.S. and accredited investors, including offerings from Celo, Solana and Filecoin. CoinList CEO Andy Bromberg said the token-issuing platform has facilitated nearly $1 billion worth of transactions from “hundreds of thousands” of users since 2017. The new service will rely on partnerships with startups like BitGo, Bison Trails and Anchorage for staking […]
Known as Project Harbour, the initiative will use distributed ledger technology as a register for a bond marketplace. Source link
Newly launched derivatives platform EQUOS.io is set to become the United States’ first publicly-traded crypto exchange later this year through a “backdoor listing” on the Nasdaq. SPACs are shell companies that use funds from their initial public offerings (IPOs) to acquire target companies, bringing them public through the “backdoor.” Around since the 1990s, they’ve experienced something of a renaissance in recent years, with the total amount raised hitting a record $13.6 billion in 2019 – more than four times the $3.2 billion in 2016. Diginex CEO Richard Byworth told CoinDesk that SPACs were faster and cheaper than traditional listings. In addition, […]
Longtime peer-to-peer exchange LocalBitcoins, a former hub for anonymous bitcoin swaps, has added two blockchain-tracing tools from analytics company Elliptic as it continues to chip away at criminal crypto cashouts. Ian Allison contributed reporting. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Matrixport has set up its own derivatives exchange and now wants to take on Deribit, the market leader for crypto options. Source link
Canada-based crypto trading platform Coinsquare has agreed to settle with the Ontario Securities Commission (OSC) after it was found senior executives told employees to make fake trades on the platform. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Thailand’s Securities Exchange Commission (SEC) has issued a Digital Assets Exchange License to ERX, a trading platform launched by asset digitization firm Elevated Returns (ER), the company announced Tuesday. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Top cryptocurrency exchanges including Coinbase will release a white paper detailing a way to comply with the Financial Action Task Force’s “Travel Rule.” Source link
Digital wallet provider Sylo has teamed up with India-based exchange Bitbns to serve the nation’s revitalized cryptocurrency market. Source link
Cryptocurrency exchange Kraken has added a new bank to its funding options for U.S.-based customers. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
One startup founder has done the math and he thinks the true value for the COMP token right now should be more like $40. The governance token for the Compound lending platform has been trading between $172 and $215 over the last seven days, according to CoinGecko, after touching a yield-farming-fueled high of $373 on June 21. Pankaj Balani, CEO of Delta Exchange, a derivatives marketplace for cryptocurrency, ascribed COMP’s high prices to “initial euphoria.” Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained Delta Exchange said the analysis was provided to help the market better price governance […]
Switzerland’s InCore Bank AG has become the first financial institution in the country to offer banking services to Kraken clients. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May, according to data from Dune Analytics. This double-digit percentage growth is simply “the continuation of a trend dating back to the end of [2019],” Jack Purdy, decentralized finance analyst at Messari, told CoinDesk. Curve and Uniswap control the largest amount of traded volume, recording $350 million and $446 million, respectively, in June. Both protocols are automated market makers that can also function as decentralized exchanges. Balancer, a similar platform, recorded $93 million in traded volume, up 2,460% from $3.6 million in May. Significant growth […]
A federal appeals court on Tuesday affirmed a lower court’s denial of a motion to suppress evidence in a case that hinged on whether the Fourth Amendment of the U.S. Constitution protects Bitcoin blockchain records from warrantless search and seizure. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million, or $2 million, through the crypto exchange. Source link
Cryptocurrency market data aggregator CoinGecko has updated its trust metric for exchanges, with Binance keeping its top slot in the rankings. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Deutsche Boerse has listed an exchange-traded product (ETP) that tracks the value of bitcoin. 21Shares, a Swiss-based product provider formerly known as Amun, said its bitcoin ETP had been officially accepted Wednesday to list on Xetra, Deutsche Boerse’s electronic trading venue. “The listing on Xetra not only strengthens our current position in Germany but also opens up institutional-grade crypto products to the wider European and international markets,” said Laurent Kssis, 21Shares’ managing director, in a statement. Deutsche Boerse Group has two trading venues: Xetra, and the Frankfurt Stock Exchange. Together, they count as the third-largest trading platform in Europe, just behind […]
https://cdn1.img.sputniknews.com/img/107961/90/1079619007_0:0:2948:1659_1200x675_80_0_0_744cb4c2202e5bb9015d56e64ae44571.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202006301079753944-two-terrorists-killed-as-india-and-pakistan-exchange-gunfire-in-major-skirmish-on-border-in-kashmir/ New Delhi (Sputnik): On Monday, three terrorists including a top Hizb-ul-Mujahideen commander were killed following a gunfight with security forces in Jammu and Kashmir. According to the police chief of the Indian territory, Pakistan is trying to infiltrate using more terrorists to carry out attacks in the Kashmir Valley. Two unidentified terrorists have been killed in a gunfight with security forces that broke out in Kashmir’s Anantnag district on Tuesday morning, police said. According to Dilbag Singh, Director General of Jammu and Kashmir police, the gunfight broke out after a cordon and search operation […]
One of the major manufacturers bitcoin mining equipment hopes launching its own exchange could double total revenue by 2022. In an interview with Bloomberg BNN, CFO Chen Lei confirmed the Hangzhou-based Ebang was planning to launch a regulatory-compliant crypto exchange that would strictly operate outside of China, where the government has cracked down hard on trading platforms. Little else is known about the proposed exchange other than Ebang hopes to turn its fortunes around by tapping transaction fees as a consistent source of income. Ebang’s revenue stood at $109 million in 2019, which was roughly a third of what it made […]
29 Jun, 2020 06:04 Follow RT on A group of militants armed with guns and grenades has attacked the Pakistan Stock Exchange in Karachi. Several civilians and attackers have been killed in the battle, local media reported, citing police. Four gunmen first attacked the main gate of the building with a grenade, then broke inside and opened fire indiscriminately, Geo News reported. Police quickly rushed to the scene, and a fierce gun battle ensued. The local police chief told reporters that all of the attackers were killed and security personnel have entered the building. પાકિસ્તાનના કરાચીના સ્ટોક બિલ્ડિંગ ઓફિસમાં આતંકી હુમલો, 5 […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202006291079744334-pakistan-stock-exchange-building-in-karachi-under-attack-reports-claim/ Four militants have stormed the Pakistan Stock Exchange building and opened indiscriminate fire, according to media reports. Source link
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Mellon and investment firm Franklin Templeton. Vanguard and Franklin Templeton acted as dealer banks and State Street and BNY Mellon acted as counterparty banks as well as custodians, said Symbiont’s foreign exchange lead, Joe Ziccarelli. Symbiont believes the foreign exchange platform will go into production in the third quarter of 2020, Ziccarelli said. “The pilot has helped to prove out some […]
For a second month in a row, the bitcoin market lacks a clear directional bias, with prices largely restricted to a narrow range of $9,000 to $10,000. However, the cryptocurrency’s liquidity on derivative exchanges continues to heat up, a sign of a sustained rise in investor interest. On a relatively new exchange like the Antigua-based FTX, the order book depth, as represented by the number of buy and sell orders at each price, now matches the depth seen on industry leader BitMEX. Bid/offer spreadSource: Skew One derivative seeing growth is bitcoin perpetuals, a form of futures contract, but without an expiry […]
New Zealand police have seized NZ$140 million (US$90 million) in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller of the now-defunct BTC-e cryptocurrency exchange. The seizure of funds, which were controlled by a New Zealand-registered company, is said to be the largest in the country’s history by federal police. The force’s Asset Recovery Unit moved to freeze the funds amid a global investigation into the activities of the exchange and its operators, according to a report by news source NZ Herald. U.S. prosecutors have alleged that Vinnik controlled BTC-e, a bitcoin exchange that was used […]
It was only a matter of time before crypto adapted elements of the $341 trillion interest rate swap market to its own. Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts. And it could also help those lending and borrowing in the decentralized finance (DeFi) space. On June 9, the Singapore-based Delta Exchange launched interest rate swaps (IRS) – a contractual agreement between two parties to exchange interest rate payments over a set period of time. Usually, an IRS involves the exchange of floating rate and fixed-rate obligations (the parties do not […]
Binance wants its new U.K. trading platform to become a one-stop-shop for British and European institutions interested in investing in the digital asset class. Per a report by Reuters on Wednesday, Binance said its new U.K. crypto exchange would offer a local fiat onramp into crypto, in both pound sterling and euros. Like Binance’s other fiat-to-crypto platforms, such as Binance Uganda, Binance Singapore, and Binance US, the new Binance U.K. platform will launch with something like 65 digital assets listed. But the U.K. platform, which Reuters says will be regulated by the Financial Conduct Authority (FCA), the U.K.’s chief financial watchdog, […]
The owner of a now-defunct Romanian crypto exchange called CoinFlux has pled guilty to laundering roughly $1.8 million in a fraudulent scheme involving fake eBay ads and a car wash. Vlad-Calin Nistor and 14 other defendants, including the owner of a car wash, have all entered guilty pleas at the Eastern District Court of Kentucky for their involvement in a racketeering conspiracy and cyber fraud scheme that defrauded millions of dollars from U.S. residents by selling goods that didn’t actually exist. Beginning in 2013, the defendants began posting fake advertisements on sites such as eBay and Craigslist for items such as […]
Crypto derivatives platform Seed CX will be axing its exchange arm to focus solely on settlements. Announced Thursday, Seed CX intends to focus on its Zero Hash product, the company’s custody and settlement service. Zero Hash began offering back-office settlement functions for bitcoin forwards contracts in September of last year. “As a start up [sic], you inherently gravitate towards opportunity and that often leads you to take on more, rather than less. However, it is equally important to begin to refine the business focus as certain opportunities develop into a ‘real venture growth business,’” CEO Edward Woodford wrote in a Medium […]
Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but it’s not often prized for its stability. That could change with the introduction of a new futures contract. Crypto exchange BTSE has taken the unorthodox decision to price tether gold futures contracts in bitcoin, rather than in the more conventional U.S. dollar. Here’s how it works: It’s a perpetual contract – a future without expiry – that tracks the value of one tether gold (XAUT) token, which itself tracks the value of one troy ounce […]
London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month. The firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in Frankfurt, Germany. Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit-risk. The crypto security is also backed by bitcoin, with each share giving the holder a claim to a specific amount of […]
Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space. “OKEx ETH Options Contracts will be settled in ETH. Each contract’s face value of ETH/USD options is 1 ETH,” Jay Hao, CEO of OKEx, told CoinDesk. Options are derivative contracts, which give the buyer the right, but not obligation to buy or sell the underlying asset at a predetermined price on or before a specific date. While a call option represents a right to buy, a put option gives the holder the right to sell. The mark […]
Bitfinex-incubated DeversiFi claims its re-released decentralized exchange (DEX) is receiving interest from institutions, thanks to a privacy layer that can protect their trading strategies from rivals. A DeversiFi spokesperson told CoinDesk that the firm had already had a “significant pipeline of funds” interested in integrating with the exchange following the implementation of its new software implementation, DeversiFi 2.0, which went live on Wednesday. Although they wouldn’t divulge particular details, the spokesperson said: “We have interest from 70 funds and large traders and have 18 funds ready to trade on DeversiFi 2.0 at or around launch.” The smallest of these funds had […]
Receiving regulator approval to operate in Gibraltar is anything but easy, crypto derivatives exchange ZUBR told CoinDesk. ZUBR, which began trading in March, said Wednesday it had received in-principle approval from the Gibraltar Financial Services Commission (GFSC) as a Distributed Ledger Technology (DLT) provider. The approval is on the condition the exchange addresses some of the regulator’s feedback by the time it gets its license. But just getting to this point has proven difficult. “From day one we realized hundred percent … that we would have to sacrifice a lot to get into the regulated space,” co-founder Oleg Ravnushkin said. Even […]
India’s largest cryptocurrency exchange, CoinDCX, has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures. The investment aims to reinforce the exchange’s efforts to drive cryptocurrency adoption in the country after a major legal victory in March. CoinDCX’s #TryCrypto campaign seeks to bring the total number of crypto users in India to 50 million. Specifically, the financing aims to bolster CoinDCX’s meetup events, community engagement efforts, educational programs and consumer campaigns, the company said. “This new strategic investment into CoinDCX is a shot of confidence in our roadmap toward bringing the crypto asset class to […]
Binance is forced to “technically” support last week’s hard fork of the Steem blockchain, according to the crypto exchange’s CEO, Changpeng “CZ” Zhao. In a statement on the company’s official blog Sunday, CZ said that, while the exchange is “very much against zeroing other people’s assets on the blockchain,” to not support it would mean that Binance users would not be able to withdraw their steem tokens. The result of a dispute in the Steem community over the acquisition of SteemIt – the blockchain ecosystem’s biggest and more powerful application – by Tron and Justin Sun, the hard fork was used […]
BitGo is now providing its custody services to India’s largest cryptocurrency exchange by trading volume, CoinDCX. Announced Thursday, BitGo began storing cryptocurrencies held by CoinDCX last week, with the aim of ensuring the assets are kept “safe and secure.” The custodial services extend to deposits at the exchange’s lending arm, DCXLend. Custodied funds are protected in the event of an exchange hack or theft by BitGo’s $100 million insurance coverage, the companies said. The policy is provided by a syndicate of insurers within the centuries-old insurance marketplace, Lloyd’s of London. CoinDCX will utilize the custodian’s omnibus, or mixed, and segregated hot […]
Crypto derivatives exchange Phemex is swapping out its existing trading fee structure for a new subscription model it says will make frequent trading more accessible. The Singapore-based exchange, which only launched in November, said its new Premium subscription model would encourage clients to trade as much as they like on the platform without towering fees. Open only to manual traders, subscriptions start at about $10 a month – paid in the tether (USDT) stablecoin – and will be available as of Friday. Clients using algorithms for trading will still be charged maker, taker fees. In itself, the subscription-based model isn’t revolutionary: […]
Its CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal Tuesday the bank signed two popular regulated exchanges – Coinbase and Gemini, the latter founded by Tyler and Cameron Winklevoss. The fact that both exchanges are regulated in the U.S. was apparently a factor in the approvals, which still took a lengthy period of vetting, the WSJ said. Accounts for the two crypto firms were approved last month, the sources said, and are now in use. The move by JPMorgan is […]
Binance is making a bet on the potential of the Indonesian crypto market, making an undisclosed investment into the Jakarta-based and regulated exchange, Tokocrypto. Binance, the crypto trading leviathan that doesn’t like to reveal where it’s based, announced Tuesday morning that the funding would go toward growing Tokocrypto’s business, such as building out new offerings and products, improving the tech stack, as well as expanding its customer base. Launching in 2018, Tokocrypto became the first exchange to be regulated by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI) in 2019. Indonesia is quite strict when it comes to digital assets. Crypto is […]
Europe 09:34 GMT 08.05.2020Get short URL https://cdn1.img.sputniknews.com/img/106928/93/1069289301_0:210:2896:1839_1200x675_80_0_0_bc5bc0d0601b9ed9dab372da6061c0d2.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/europe/202005081079242497-putin-merkel-exchange-congratulations-on-anniversary-of-liberation-from-fascism/ MOSCOW (Sputnik) – Russian President Vladimir Putin and German Chancellor Angela Merkel have exchanged congratulations, in a phone conversation, on the 75th anniversary of the world’s liberation from fascism, the Kremlin said on Friday. “Russian Federation President Vladimir Putin and German Chancellor Angela Merkel have held a phone conversation. Vladimir Putin and Angela Merkel have exchanged congratulations on the 75th anniversary of Europe’s and the world’s liberation from fascism. This date has a special symbolic meaning for Russia and Germany,” the Kremlin said in a statement. Putin and […]
Regulation is a topic that makes many crypto enthusiasts sick to their stomachs, but CoinDesk’s Aaron Stanley and Amy Davine Kim, the chief policy officer at The Chamber of Digital Commerce, take you on a whirlwind journey through a new set of rules governing crypto exchanges created by a powerful intergovernmental organization. But, really, they’re not voluntary. They’re rules every crypto exchange must follow or suffer the consequences. Released by the Financial Action Task Force, a powerful intergovernmental organization that focuses on combating money laundering and terrorist financing, these standards were the topic of conversation on the latest episode of CoinDesk Live: […]
One of Asia’s largest crypto exchanges by trade volume, OSL, has teamed with U.S. enterprise startup Monsoon Blockchain to further asset and money digitization. OSL, which targets institutional and individual investors with trading, brokerage and custody services, is seeking to establish “a digital asset powerhouse” in the U.S. and Asia regions, Monsoon said in a press release Tuesday. The deal aims to combine intellectual property, deal flow, large-scale investors and blockchain capabilities in an attempt to drive the digitization of assets and money within the regions. Monsoon Blockchain is an Ethereum-based protocol that aims to use smart contracts to provide a […]