Category: Exchanges

Crypto Exchange Kraken to Explore Stock Trading: Bloomberg

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Ethereum-Based Altcoin Quietly Pulls Off 242% Rally This Month Amid Support from Crypto Exchange Gate.io

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One altcoin project has pulled off a more than 240% rally this month and secured a listing by a leading crypto exchange platform. The Loom Network (LOOM) kicked off September trading at a low of $0.038 and 25 days later soared to a high of $0.13, a 242% percent increase. LOOM has since retraced slightly and is trading for $0.11 at time of writing. Amid the strong performance, leading global crypto exchange Gate.io announced this week it was listing LOOM for trading. The Loom Network is a multichain interoperability platform…

Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX

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Tron (TRX) founder Justin Sun says he’ll offer a 5% reward if the hackers who stole nearly $8 million worth of Ethereum (ETH) from his exchange HTX decide to return the crypto. HTX is the newly rebranded name of Huobi, the Seychelles-based trading giant that Sun says he’s an advisor for. It remains unclear whether Sun has an actual ownership stake in HTX, though he’s reportedly used hundreds of millions of dollars of his personal fortune to back the exchange. Hackers hit HTX over the weekend for approximately 4,999 ETH…

6th Swiss bank joins SDX crypto exchange

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Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, has become the sixth Swiss bank to join Six Digital Exchange (SDX). According to the press release from Sept. 27, Hypothekarbank Lenzburg joins Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank. All the companies are from Switzerland, and SDX’s company, Six Group, is headquartered in Zurich. Related: How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school As specified in the release, by joining the SDX’s central securities depository, Hypothekarbank Lenzburg will…

Crypto Exchange Kraken Pushes Ahead With Expansion, Obtaining Key Authorization in Ireland and Spain

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One of the top US-based crypto exchanges is expanding globally into major European financial hubs. According to a new press release, Kraken Exchange has secured an E-Money Institution (EMI) registration with the Central Bank of Ireland, as well as a Virtual Asset Service Provider (VASP) registration with the Bank of Spain.  Ireland’s EMI license will allow Kraken to deal with European banks. Spain’s VASP registration will allow Kraken to operate as a crypto exchange and wallet provider. Says Curtis Ting, Kraken’s vice president of global operations, Our market-leading position in liquidity…

British Man Reveals $2,100,000 Loss From Downfall of Crypto Exchange FTX: Report

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One British man reportedly lost millions of dollars when the now-defunct crypto exchange FTX imploded in November. According to a new BBC report, Sunil Kavuri may have suffered the largest amount of investment losses from the FTX scandal than any other British citizen. Kavuri tells the BBC that he started worrying about his crypto investments on the FTX exchange when he got a message that withdrawals were suspended on the platform. “I was on the computer for basically 24 hours refreshing the page and trying to email the FTX support…

Taiwan Implements Stricter Regulations, Prohibits Unregistered Foreign Crypto Exchanges

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Taiwan’s Financial Supervisory Commission (FSC) has introduced a series of new crypto regulations aiming to enhance investor protections. These regulations aim to fortify oversight and safety in the cryptocurrency industry, media reports said. On September 26, the FSC issued a comprehensive set of industry recommendations specifically tailored for virtual asset service providers (VASPs) operating within Taiwan. These guidelines serve as a blueprint for regulating the cryptocurrency sector in the country and encompass various industry best practices. Among the key provisions included in the guidelines are the separation of exchange treasury…

Taiwan Bans Unregistered Foreign Crypto Exchanges

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Taiwan’s Financial Supervisory Commission (FSC) has introduced a set of stringent rules, effectively banning unregistered foreign cryptocurrency exchanges from operating within the country. This action occurs as part of Taiwan’s commitment to enhancing investor protection and promoting responsible practices within the crypto industry. The FSC has outlined key measures to regulate the cryptocurrency market within its borders. These guidelines, released on September 26, specifically target virtual asset service providers (VASPs) operating in Taiwan. The rules include industry-standard practices such as segregating the exchange’s treasury assets from customer assets and establishing…

Taiwan bans unregistered foreign crypto exchanges from operating

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Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules. The FSC has formulated the key points of regulating the cryptocurrency market in Taiwan, releasing on Sept. 26 a set of industry guidelines for virtual asset service providers (VASP) operating in the country. In the guidelines, the authority mentioned some common industry-wide rules like separating exchange’s treasury assets from customer assets as well as reviewing mechanisms for listing and delisting virtual assets. The FSC also required foreign VASPs to refrain from providing its…

Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC hodling

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Bitcoin (BTC) exchanges have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchanges, highlights the extent to which volumes have decreased since…