Crypto Newcomer Surges 160% After Sudden Listing on Top Exchange Coinbase

A new crypto asset in the decentralized finance (DeFi) space is surging after receiving a big boost from Coinbase. Yield-farming protocol Harvest Finance (FARM) has launched on Coinbase Pro.   As word of the new addition spread, the asset’s price surged as high as 160% in a matter of hours. Our FARM-USD order book will now enter limit-only mode. Limit orders can be placed and cancelled, and matches may occur. Market orders cannot be submitted. The order book will remain in limit-only mode for a minimum of 10 mins. —…

Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens

Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and the firm will use the funds to hire around seven more staff members this year. It will also expand support to more assets on the exchange. The next step for Saber is to integrate with more assets and protocols across…

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges – Regulation Bitcoin News

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted to open accounts for cryptocurrency exchanges registered at the Astana International Financial Center (AIFC), Kazakhstan’s National Association of Blockchain and Data Center Industry announced, quoted by local news portal Habar 24. The move is part…

Huobi winds down former exchange operator in China

Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records. The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the founder and CEO of Huobi Group. It has 10 million yuan ($1 million) in registered capital and a total of five subsidiaries.  Having passed the resolution in favor of dissolution on July 22, stakeholders will now proceed to deregister Beijing Huobi Tianxia within 45 days.…

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges – Bitcoin News

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million in Money Laundering Probe Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used cryptocurrency exchanges for money laundering purposes. Brazilian courts issued six search warrants…

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges – Bitcoin News

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million in Money Laundering Probe Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used cryptocurrency exchanges for money laundering purposes. Brazilian courts issued six search warrants…

Crypto Exchange Binance To Delist Euro, Pound Sterling and Australian Dollar-Paired Margin Trading

The global crypto exchange Binance plans to delist margin trading pairs with the Australian dollar (AUD), pound sterling (GBP) and euro (EUR).   Binance says it will suspend trading on all AUD, GBP and EUR margin pairs on August 10th, and then it will conduct automatic settlement, cancel all pending orders and delist the pairs two days later. The exchange’s chief executive Changpeng Zhao also says Binance Futures plans to reduce its users’ max leverage from 100x to 20x “over the next few weeks.” .@binance futures started limiting new users…

Suspect in Alleged $330,000,000 Crypto Fraud Offers To Repay Victims in Exchange for Temporary Release

A suspect accused of masterminding a $330,000,000 crypto scheme says he might be able to repay his victims if the courts will allow him to leave prison. Javier Biosca, a Spanish national, allegedly promised hundreds of investors 25% weekly returns through a firm he ran called Algorithmics, which supposedly traded Bitcoin, Ethereum and Litecoin.   In October of 2020, however, payments to investors halted completely, and Biosca disappeared before being arrested in Malaga on June 6th. According to a report from Confi Legal, Biosca says he never had any intention…

Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface – Exchanges Bitcoin News

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind the platform, Uniswap Labs, simply removed the tokens from the main interface. Uniswap Removes Tokens From Main Interface, Users Discuss Alternative Solutions On July 23, the startup Uniswap Labs announced that the development team was…

Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’ – Exchanges Bitcoin News

Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that the firm was looking for a new chief executive officer with a “very strong regulatory background.” Binance Cheif Executive Says Company Is Looking for a New CEO At the blockchain virtual summit Redefine 2021, Binance…