Category: Exchanges

Hata receives in-principle approval to be fifth Malaysian digital exchange

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The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months. Hata will become the fifth regulated digital asset exchange in Malaysia and the first legal entity to receiveapproval as a digital broker, allowing it to display trade orders from other regulated exchanges. Hata also received a money broker license from the Labuan Financial Services Authority in June, allowing it…

$9,990,000,000 in Tether (USDT) Sitting on Crypto Exchanges, at Highest Level in Seven Months: Santiment

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Blockchain analytics platform Santiment says that huge amounts of stablecoin Tether (USDT) are returning to crypto exchanges, which is often a bullish signal. The analytics platform says that the amount of USDT on exchanges has reached a level last seen in March 2023, giving a boost to the “buying power” of crypto investors. “The $9.99 billion worth of Tether sitting on exchanges is the highest level of buying power for crypto’s top stablecoin in approximately seven months. Since June 13th, these exchanges have seen a 40% increase in available USDT.”…

USDC issuer partners with Philippines exchange to promote stablecoin

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Circle, the issuer of the U.S. dollar-pegged stablecoin, USDC (USDC), is increasing its presence in the Philippines with a new local partnership. On Oct. 10, Circle announced a strategic partnership with Coins.ph, a major cryptocurrency exchange and digital wallet provider in the Philippines. As part of the partnership, Coins.ph and Circle will work jointly to drive awareness of USDC payments and help Filipino people pay less for cross-border money transfers and make faster transactions, the companies said. The average cost of sending a $200 payment to Asia was 5.7% in…

Crypto Exchange Binance To List New Low-Cap Altcoin Project Built on Cosmos (ATOM)

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The world’s largest crypto exchange by trading volume, Binance, is announcing plans to list a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM). According to a new announcement, Binance is planning to list Neutron (NTRN), a project that aims to be a  “cross-chain smart-contracting platform.” As stated by Binance, “Neutron allows developers to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC) and provides DeFi (decentralized finance) dApps (decentralized applications) with the full economic security of the Cosmos Hub.” Binance will support spot trading pairs for NTRN, including NTRN/USD,…

BestChange Reinforces Its Credentials As Top Crypto Exchange Aggregator

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October 9, 2023 – Dubai, United Arab Emirates BestChange.com has revealed the progress it’s made in cementing its position as a leading gateway for cryptocurrency exchange. The platform aggregates multiple crypto exchangers, enabling traders to find the best possible price for swapping digital assets. Every potential exchanger on BestChange.com undergoes a rigorous assessment to ensure their credibility. This approach significantly mitigates the risks tied to crypto trading, affording users the confidence required to trade cryptocurrency. Beyond cryptocurrencies, users can seamlessly exchange e-currencies such as PayPal, Skrill and PerfectMoney, alongside conventional…

Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator

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The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, adding several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.” 143 new entities were added to the warning list, including major exchanges such as Huobi/HTX and KuCoin, founded in China and Singapore respectively. The warning list doesn’t tell much apart from the “You should avoid dealing with this firm” imperative. Related: CoinShares-backed Komainu secures crypto custodian registration in UK However, in the U.K., firms permitted to “carry…

Crypto exchange Upbit was targeted by hackers 159K times in H1: Report

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South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm. The figures were reported by Dunamu — the firm operating Upbit — to South Korean Representative Park Seong-jung of the People Power Party, according to an Oct. 9 report by South Korea-based Yonhap News Agency. The figure marks a 117% increase from the first half of 2022 and a whopping 1800% increase from the first half of 2020. Upbit is one of South Korea’s largest…

Unicoin Strikes $335M Cryptocurrency Deal for Thailand’s Largest Luxury Resort Acquisition

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Unicoin has sealed a monumental $335 million deal for the acquisition of the Eden Grand Resort in Chonburi, Thailand. This transaction marks the largest-ever real estate purchase conducted with cryptocurrency. Unicoin, known for mitigating the volatility of the crypto market through its asset-backed approach, is set to acquire a sprawling 64,000 square meter property that includes plans for a 6-story building and 150 villas, Unicoin said in a press statement. The purchase will be executed using unicoins, in line with Unicoin’s strategy of acquiring real estate assets at 140% of…

Top US Crypto Exchange Coinbase Embracing ‘International First Mentality,’ Says Company VP

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Top US crypto exchange Coinbase has been upping its focus on international markets amid regulatory uncertainty stateside, according to the company’s vice president of international policy. While speaking during a recent interview at Zebu Live, Tom Duff Gordon notes that scaling internationally is becoming “more and more important” to the exchange. “We want to work with everybody because we think the US is a really important market. We need to get that [regulatory] clarity. It may not come tomorrow, but I think we are on a good path to kind…

U.S. Securities and Exchange Commission (SEC) Seeks To Force Elon Musk Testimony in Twitter Takeover Probe

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The U.S. Securities and Exchange Commission (SEC) is looking to force billionaire Elon Musk to testify in its probe of his purchase of the social media platform X, formerly known as Twitter. In a new litigation release, the regulatory agency says that it has filed an application seeking an order that directs the business magnate to comply with a subpoena to testify – which he has so far ignored. According to the SEC, Musk may have violated securities laws by purchasing Twitter in October 2022 for a staggering $44 billion.…