Top US Crypto Exchange Coinbase Adds Ethereum Staking Altcoin to Listing Roadmap

Top US crypto exchange Coinbase has added the altcoin Liquid Staked Ethereum (LSETH) to its listing roadmap. Liquid Staked ETH is a new “receipt token” investors receive when they stake their Ethereum (ETH) with the Liquid Collective, a liquid staking protocol. The Liquid Collective notes its staking method differs from traditional staking, where users lock up their tokens. “Whereas traditional methods of staking are subject to bonding and unbonding periods (ranging from days to weeks), liquid staking provides stakers with increased liquidity and capital efficiency. Token holders stake their token…

Crypto Exchange Woes Continue: Kraken Reportedly Shutters Regional Headquarters As Bittrex Lays Off 83 Employees

A new report finds that crypto exchanges Kraken and Bittrex are downsizing amid the continued turmoil in the digital asset space. Bloomberg reports that San Francisco-based Kraken shuts down its Abu Dhabi office less than a year after receiving a license to operate a regulated exchange platform in the United Arab Emirates (UAE). The third-largest crypto exchange is laying off 30% of its global workforce as a result of the crypto winter. A spokesman says Kraken already dismissed the majority of its team focused on the Middle East and North…

Bitcoin Won’t Be an Effective Currency, Store of Value or Medium of Exchange, Says Hedge Fund Legend Ray Dalio

In a new interview on CNBC’s Squawk Box, hedge fund veteran Ray Dalio says Bitcoin (BTC) is getting more attention than it deserves. The founder of asset management firm Bridgewater Associates says that what Bitcoin accomplished in the last 12 years is amazing, but investors still have better choices than putting their money on the benchmark cryptocurrency. “It’s a tiny thing that gets disproportionate attention. You know the value of Bitcoin is less than a third of the value of Microsoft stock. You can go into industries. Biotech and many…

Shiba Inu (SHIB) Army Petitions Binance To List Shibaswap (BONE) on World’s Largest Crypto Exchange

The community of Dogecoin (DOGE) competitor Shiba Inu (SHIB) is petitioning Binance to list a crypto asset that was recently designated as the governance token of its upcoming decentralized finance (DeFi) platform. In a new petition on Change.org, the SHIB army is asking the world’s largest crypto exchange platform by volume to list Bone ShibaSwap (BONE), the network’s utility token. “This petition is designed to kindly request of Binance to please list Bone Token to trade… BONE is a governance token of Shibaswap ecosystem which will allow the Shib Army…

Binance Invests in Crypto Exchange GOPAX Years after South Korea Exit

Binance, the world’s largest cryptocurrency exchange, has injected capital into distressed South Korean crypto exchange, GOPAX, two years after it shut down its subsidiary in the country due to low patronage. Bloomberg reports that the crypto exchange purchased a majority stake in GOPAX. At the start of the month, Finance Magnates reported that Binance was making plans to acquire GOPAX CEO Lee Jun-Haeng’s 41.2% majority shares in the crypto exchange. However, in a blogpost published on Friday, Binance only disclosed investing in GOPAX without stating the amount of injected capital.…

Binance severs ties with Indian crypto exchange WazirX

The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues in a new blog post from Binance banning the latter from utilizing its services. On Feb. 3, Binance released a post that acknowledged the ongoing “public debate” with Zanmai over its claims of Binance involvement in running WazirX. Binance said on Jan. 26 it gave WazirX the ultimatum of retracting its statements and continuing using Binance wallet services or terminating its usage. According to the announcement, Zanmai made no retraction and…

24 Exchange Crosses $1B Mark in Forex NDFs ADV in January

The average daily volume (ADV) of forex non-deliverable forwards (NDFs) traded on 24 Exchange hit over $1 billion in January 2023, Dmitri Galinov, the Chief Executive Officer of the Bermuda-based multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes,…