Exchanges Archives

Crypto exchange Bitkub targeted by Thai SEC with wash trading claims

September 28, 2022 boss

Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and creating artificial trading volume on its platform. Thai SEC ordered legal action against the crypto exchange and two individuals alleging the crypto platform was involved in wash trading, a process where investors buy and sell the same assets at the same time in order to manipulate the market by inflating volumes. The latest enforcement action against the leading Thai crypto exchange would be the second penalty for the crypto…

Crypto Exchange FTX Is Moving Its U.S. Headquarters From Chicago to Miami

September 27, 2022 boss

FTX has been steadily building up its presence in southern Florida, including purchasing the naming rights to the NBA’s Miami Heat arena in 2021 for $135 million. Source

Robo-Advisor Betterment Partners With Crypto Exchange Gemini to Offer Customized Crypto Portfolios

September 27, 2022 boss

The partnership will allow Betterment’s 730,000 customers to access customized crypto investment plans based on their risk profiles and interests, starting next month. The curated crypto portfolios will be constructed from digital assets listed on Gemini, with the exchange serving as the custodian for the cryptocurrencies. Source

Thai SEC Sues Five Entities for Creating Fake Volume Across Two Crypto Exchanges

September 27, 2022 boss

Thailand’s Securities and Exchange Commission (SEC) has sued five traders for creating artificial volume on crypto exchanges Bitkub and Satang Corporation. Source

Decentralized Exchange Bancor Proposes Burning 1 Million BNT Tokens to Support Prices

September 27, 2022 boss

For instance, the native community of Bancor, an Ethereum-based decentralized exchange, is voting on a proposal to destroy a significant chunk of the protocol’s endemic coin, the bancor network token (BNT), in the hope that the so-called token burn will bode well for the cryptocurrency’s price. Source

Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization

September 26, 2022 boss

In the reorganization creditors would own 65% of CoinFLEX. Meanwhile, existing Ordinary Series A shareholders, including the CoinFLEX founders, would lose their equity stakes. Series B investors are to remain shareholders and can be incentivized with future equity over time in the event they bring value to the business. Source

DeFiChain’s DFI Token Starts Trading on the Gate.io Exchange

September 26, 2022 boss

September 26, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI accessible to investors worldwide. Gate.io is one of the world’s biggest exchanges and supports the most cryptocurrencies of any exchange. The DFI token (ERC-20 version) will start trading on Gate.io at 10 AM UTC on September 26,…

New Kraken CEO Says Crypto Exchange Won’t Be Registering With the SEC: Report

September 25, 2022 boss

The incoming chief executive of crypto exchange Kraken reportedly says that the firm has no plans to register with the U.S. Securities and Exchange Commission (SEC). According to a new report by Reuters, Dave Ripley, who will take the place of current CEO Jesse Powell, says that Kraken won’t register with the SEC as a market intermediary or delist tokens the regulatory agency has deemed to be securities. In July, the SEC reportedly opened an investigation into leading US crypto exchange Coinbase for allegedly offering unregistered securities. At the time,…

What is a cryptocurrency mining pool?

September 24, 2022 boss

In the early days of Bitcoin (BTC), crypto enthusiasts only required a basic personal computer with an internet connection to generate new BTC tokens through a distributed computing process known as mining. However, with more people chasing the same number of block rewards, Bitcoin’s mining process has become more challenging with time. In fact, the quantum of rewards will progressively reduce by half every four years, making it less rewarding for individual miners who will need to allocate greater computational resources with time. Available on blockchain protocols that employ a…

Cryptocurrency Exchange Bitso Launches Interoperable QR Payments in Argentina – Exchanges Bitcoin News

September 24, 2022 boss

Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their everyday purchases. The exchange is introducing QR payments directly in its app, which will be interoperable with other platforms already using this method of payment in Argentina. Bitso Seeking to Drive Crypto Payments in Argentina Bitso, one of the biggest exchanges in Latam, with more than 5 million customers, is extending its focus on payments in Argentina. The exchange has launched one of the first interoperable QR payment…