Category: Exchanges

US-Based Crypto Exchange Cracks Into Europe’s Fifth-Largest Economy With VASP Registration

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A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration. In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands. VASP licenses give crypto firms clear guidelines on how to operate digital asset services within the European Union (EU). As stated by Brian Gahan, the managing editor of Kraken’s European branch, in the press release, “With the addition of…

Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

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South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have manipulated the price of Bitsonic’s native token from January 2019 to May 2021 and set up a paper company to inflate the sales and operating profit of the platform. The report says the exchange recruited…

Crypto Exchanges Hit New Record, Leader Gains 600%

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After a strong year-end, the spot volumes of the largest cryptocurrency exchanges recorded only modest monthly gains, averaging 3%. However, comparing statistics from January 2024 with the same period twelve months earlier, we see that the total volume grew 23% to $915.84 billion. In the case of the top performer, the jump was as much as sixfold. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto world. Board the Crypto Train now! Finance Magnates Intelligence analyzes spot volumes for the top 10 cryptocurrency exchanges each…

Nischal Shetty of WazirX and Avinash Shekhar from ZebPay Unveil India’s Pioneering Crypto Perpetual Futures Exchange Pi42

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Seasoned cryptocurrency professionals Nischal Shetty and Avinash Shekhar have unveiled Pi42, the nation’s pioneering Crypto-INR Perpetual Futures Exchange. The launch of Pi42 marks a milestone in the Indian crypto landscape, offering a compliant platform with a focus on growth and accessibility. Despite India being one of the largest crypto markets globally, local investors have faced limited opportunities in crypto derivatives trading. Pi42 aims to bridge this gap by providing Indian investors with a comprehensive solution that encompasses a diverse range of derivatives while ensuring compliance, tax efficiency, and user convenience.…

About $1,220,000,000 in Ethereum (ETH) Has Exited Known Crypto Exchange Wallets in Just Three Weeks: Analyst

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Cryptocurrency analyst and trader Ali Martinez says hundreds of thousands of Ethereum (ETH) are leaving crypto exchanges as holders accumulate the native asset of the leading smart contract protocol. Martinez tells his 43,400 followers on the social media platform X that Ethereum potentially is facing a decline in selling pressure after the crypto asset recorded significant outflows from exchanges in less than a month. “In the past three weeks, nearly 510,000 ETH have been withdrawn from known crypto exchange wallets, totaling a value of approximately $1.22 billion! This significant outflow…

Germany’s BaFin Greenlights Crypto Carbon Credits Exchange Created by Neutral and DLT FInance

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LMAX Exchange Connects with 4OTC’s Libre Liquidity Bridge

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LMAX Exchange, which allows institutions to trade foreign exchange, announced today (Tuesday) its connection with 4OTC’s Libre Liquidity Bridge service, which will enable liquidity providers to stream FX liquidity on the exchange “with ultra-low latency.” 4OTC offers connectivity services for both digital assets and forex. Its Libre service provides co-located connectivity to multiple liquidity providers and venues trading digital assets and forex. To LMAX Exchange, Libre will offer connectivity to London (LD4), New York (NY4), Singapore (SG1), and Tokyo (TY3). Further, it will enable the exchange to streamline connectivity management…

Crypto Exchange Launched By Three Arrows Capital Founders Abruptly Shuts Down

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The crypto exchange created by the founders of the now-defunct hedge fund Three Arrows Capital (3AC) is closing down just a year after its launch. In an email shared by users on the social media platform X, Open Exchange (OPNX) says it will officially cease operations and shut down in February. OPNX says users should settle their positions before February 7th as well as download their historical data and withdraw their funds by February 14th. The platform says open positions will be automatically settled after February 7th and the withdrawal…

US Government Announces New Probe Into Cryptocurrency Mining Operations in the United States

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The U.S. Energy Information Administration (EIA) is announcing that it will be carefully examining crypto mining operations in the country. In a recent press release, the EIA, a statistical and analytical agency within the U.S. Department of Energy, says that it wants to keep track of how much electricity is being used by US firms that mine digital assets. The EIA also says it will be asking the public for its opinion on the energy data it collects from the companies. “The U.S. Energy Information Administration is initiating a provisional…

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

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A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps). This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of…