Category: Exchanges

South Korea’s Crypto Frenzy: Over 6 Million Investors Fuel Centralized Exchanges’ Dominance: Survey

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South Korea has solidified its position as a global hub for crypto investment, with a recent survey putting the total number of crypto investors at over six million, more than 10% of the nation’s total population. A survey conducted by the Korea Financial Intelligence Unit (KoFIU) projects that the number of crypto investors in the country will surpass six million in the first half of 2024. Notably, the majority of these investors actively participate in investment activities facilitated by centralized exchanges, showcasing a distinctive trend in the market. Despite a…

$15,000,000,000,000 Floodgates Will Open for Bitcoin Upon Approval of BTC Exchange-Traded Fund: Glassnode Founders

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The co-founders of crypto analytics firm Glassnode think that a deluge of capital will flow into Bitcoin once regulators greenlight a spot-based BTC exchange-traded fund (ETF). Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say institutional capital to the tune of trillions of dollars is waiting on the sidelines for a spot market BTC ETF. “The introduction of Bitcoin Spot ETFs is reshaping the financial landscape in unprecedented ways. Demand is on the rise, with over $15 trillion in assets…

Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin That’s Surged Over 50% in a Week

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The world’s largest crypto exchange platform by volume is launching futures trading for one Ethereum (ETH)-based altcoin that’s jumped over 50% in a week. In a new announcement, crypto exchange Binance says that it will be launching futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy market built on top of ETH that democratizes energy tokens. According to Powerledger’s official website, the crypto asset aims to aid the decentralization of the energy grid, help transition toward renewable energy, and help consumers keep track of their power…

Crypto Exchange Associated With Binance Seeking License in Hong Kong: Report

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A digital asset exchange platform with ties to crypto titan Binance has reportedly announced its intention to apply for a license in one of Asia’s leading finance hubs. According to the South China Morning Post, HKVAEX was created as a separate entity under the company BX Services Limited, but Binance is behind it. HKVAEX was established in December and launched its trading platform in February. Citing sources familiar with the matter, the report says the world’s largest crypto exchange created HKVAEX to pursue a crypto license in Hong Kong. The…

FTX Moves $20M from Cold Wallets to Crypto Exchanges

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The group of debtors managing the cold storage wallets of the collapsed crypto exchange FTX has transferred more than $19 million worth of assorted tokens to various crypto exchange addresses. The on-chain analytics firm Peckshield, as quoted by Coindesk, revealed that approximately 470,000 SOL tokens, valued at $15 million based on current market prices, were transferred to different wallets on various crypto exchanges, including Binance. Besides that, an Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum…

FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

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Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors. #FTX and #Alameda related addresses are depositing tokens to exchanges! Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred 2,904 $ETH ($5.21M)1,341 $MKR ($2.01M)11,975 $AAVE ($1.02M)198,807 $LINK ($2.27M) to #Binance and #Coinbase in the…

Bitget Announces To Be One of the First Exchanges To List Tottenham Hotspur Fan Token (SPURS)

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October 25, 2023 – Victoria, Seychelles Bitget – a leading cryptocurrency exchange and copy trading platform – is thrilled to announce the platform is one of the first centralized exchanges to list the Tottenham Hotspur Fan Token (SPURS) in the Innovation Zone and Fan Token Zone. The SPURS token is the official fan token of Tottenham Hotspur football club – England-based Premier League football club. Developed in collaboration with Chiliz, the token has received official authorization and offers fans a unique opportunity to engage with their favorite football club in…