Category: Exchanges

Crypto Exchange Binance Announces Support for New ‘Decentralized Science’ Altcoin Project

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Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a “decentralized science” project. Binance Launchpool, which lets users stake coins to farm new assets, says its 63rd project will be BIO Protocol (BIO), a decentralized platform aiming to advance biotechnology through collective funding and the tokenization of biotech projects. Says the project, “BIO is a curation and liquidity protocol for decentralized science (DeSci). Our mission is to accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the…

Ethiopia Signals Potential Shift on Cryptocurrency Stance

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The governor of the National Bank of Ethiopia (NBE) has indicated that the bank may issue guidelines for the use of cryptocurrency in the country, suggesting a potential shift in the country’s stance on digital currencies. While cryptocurrency is currently illegal in Ethiopia, the NBE is closely monitoring global developments in central banking and may […] Source

Over $225,000,000 in Crypto Distributed To Hack Victims of Collapsed Exchange Cryptopia After Years of Waiting

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Hundreds of millions of dollars worth of crypto assets are being distributed to hack victims of the defunct crypto exchange Cryptopia. Investors who had accounts with Cryptopia – a New Zealand-based crypto firm that collapsed in May 2019 – will collectively receive $225 million worth of digital assets, according to a new press release by accounting firm Grant Thornton. “The liquidators of Cryptopia are pleased to announce a significant milestone in the ongoing liquidation process. Over the past two days, more than 10,000 verified account holders of Bitcoin and Dogecoin…

No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges

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HodlX Guest Post  Submit Your Post   In 2024, DEXs (decentralized exchanges) snagged a greater portion of the crypto trading pie, demonstrating the future of finance is firmly headed toward decentralization. And Trump’s recent victory has only reinforced this trend, with Bitcoin’s price surging to nearly $91,000. As monthly DEX trading volume soared above $250 billion in March and June 2024 for the first time since 2021, it’s clear that traders are increasingly opting for the benefits of autonomy and transparency these platforms offer. Over the past 12 months, several DEX…

5 Privacy Coins Face Delisting on Gate.io Exchange

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Crypto firm Gate.io has revealed plans to discontinue perpetual contracts for five well-known privacy coins. Gate.io to Delist Privacy Coin Perpetuals Starting Dec. 25, 2024, trading for monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN), and verge (XVG) will switch to “reduce-only” mode, allowing traders to close existing positions but not open new ones. By […] Source

Pepperstone’s CEO Warns of CFD Crypto Exchange Threat

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Pepperstone is witnessing a significant increase in cryptocurrency trading among new clients, while its CEO expresses concerns about competition from crypto exchanges entering the CFD space. Tamas Szabo shared his insights on the evolving dynamics of the financial services sector during an interview with Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). Cryptocurrencies on the Rise Szabo expressed astonishment at the limited crypto adoption by brokers, as evidenced during a panel discussion on market structure. “One of the panelists asked the audience how many were involved in crypto,…

Cryptocurrency Market Downturn: What’s Behind the Drop?

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On December 19, 2024, the cryptocurrency market faced a sharp and sudden downturn, with major digital assets experiencing significant losses. Investors were left scrambling as market leaders like Bitcoin (BTC) and Ethereum (ETH) saw dramatic price declines. This recent cryptocurrency market downturn has reignited concerns about the volatility of digital assets and their future trajectory. Bitcoin and Ethereum Take the Lead in Losses Bitcoin (BTC), the largest cryptocurrency by market capitalization, fell 4.6%, slipping below the $100,000 mark to $98,877. Ethereum (ETH), the second-largest cryptocurrency, faced even steeper losses, plunging…

Deus Wallet Introduces Duress Mode – The Revolutionary Solution for Cryptocurrency Security

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December 19, 2024 – London, United Kingdom As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets often lack safeguards to address real-world coercion scenarios. Addressing this challenge, Deus Wallet introduces a new feature – ‘duress mode.’ This technology, integrated into Deus’s non-custodial framework, provides an added layer of security to help safeguard cryptocurrency assets and user safety in high-risk situations. The issue – Crypto security is more than digital While digital security has advanced with multi-signature wallets, biometric authentication and hardware devices,…

Navigating the Rise of Cryptocurrency in Latin America

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Cryptocurrency adoption in Latin America is experiencing explosive growth, driven by a mix of factors in the area like economic instability, financial innovation, and regulatory evolution. Countries like Brazil, Argentina, and Mexico are emerging as global leaders in cryptocurrency usage, offering a fertile ground for both individuals and businesses to explore digital assets as practical solutions for real-world financial challenges. To learn more about Latin America’s rapidly evolving crypto market, download our whitepaper, “Unlock the Potential of Latin America’s Booming Crypto Market.” Read the report on the Latam’s blooming cryptocurrency…

Peanut the Squirrel Owner Vows to Sue Exchanges for Alleged PNUT Trademark Infringement

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Binance was the first to receive a cease-and-desist letter from lawyers representing the social media influencer. PNUT Meme Coin Listings Trigger Potential Litigation Mark Longo owner of Peanut – the squirrel that rose to national stardom after it was seized and abruptly euthanized by the New York State Department of Environmental Conservation (NYSDEC) – said […] Source