Category: Exchanges

Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

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Venezuela’s energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country’s oil company. According to local media reports, crypto mining companies, and tweets from Venezuela’s National Association of Cryptocurrencies, mining facilities were shut down in the past days in the states of Lara, Carabobo and Bolívar. It is unclear how many crypto firms were affected. Some crypto exchanges were also ordered to cease operations. #ULTIMAHORA se confirma que fue solicitado el apagado…

Owner of Major US Stock Exchange To Launch Crypto Custody Services by June: Report

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The parent company of a major US stock exchange is reportedly looking to launch crypto custody services by June. According to a new report by BNB Bloomberg, Nasdaq INC., the owner of the New York-based Nasdaq Stock Exchange, expects its crypto custody services to be available by the end of the second quarter. Ira Auerbach, head of Nasdaq Digital Assets, told Bloomberg in an interview that the firm is currently in the process of acquiring the regulatory consent and necessary infrastructure it needs to launch. Auerbach also says that offering…

Nasdaq Ventures into Cryptocurrency Custody Services while Traditional Financial Institutions Fill the Crypto Void

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Nasdaq, a leading global securities marketplace, is reportedly preparing to launch its custody services for digital assets by the end of Q2 this year. As we received from reports, it is for the first time that the exchange group has ventured into the cryptocurrency industry. The New York Department of Financial Services (NYDFS) will oversee the new business for which Nasdaq has applied for a limited-purpose trust company charter. According to Ira Auerbach, Senior Vice President and head of Nasdaq Digital Assets, the group ensures all required regulatory clearances and…

Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase

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Top US-based crypto exchange platform Coinbase is adding trading support for Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), a chief competitor of Polygon (MATIC). In a new announcement, Coinbase says that trading for Arbitrum is now available across both iOS and Android with an experimental label a week after it was added to the crypto exchange giant’s roadmap listing. According to Coinbase, the experimental tag means that a digital asset is highly volatile and has a lower trading volume compared to other cryptocurrencies in the crypto exchange giant’s repertoire. The…

Crypto Exchange Zipmex’s $100 Million Bailout Deal in Jeopardy

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Zipmex, a troubled cryptocurrency exchange, is facing the risk of losing a $100 million bailout deal as it did not receive its latest payment due on March 23. The exchange was supposed to receive $1.25 million as part of the acquisition deal with V Ventures, a subsidiary of Thoresen Thai Agencies Pcl.  According to a letter by the company, Zipmex has not received any information on when or if the latest payment will be made. The exchange is working with its advisers to decide on the next steps. Although Zipmex…

Cryptocurrency Market Holds Steady Amid Renewed Investor Confidence and Regulatory Scrutiny

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In recent times, cryptocurrency has become increasingly popular as more investors turn to digital assets to diversify their portfolios. Bitcoin, the largest cryptocurrency, has been leading the way, with many other digital assets such as Ether, Litecoin, and Aptos also seeing significant gains, as per reports. Despite ongoing concerns about the banking sector and future monetary policy decisions, the cryptocurrency market has remained steady. This stability is likely due to a combination of factors, including renewed confidence in riskier assets, skepticism towards traditional banking systems, and the potential for digital…

Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence

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Crypto whales are reportedly moving hundreds of millions worth of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as the markets respond to the Federal Reserve announcing further rate hikes. According to new data from whale-surveying platform Whale Alert, a staggering 84,890,577,207,998 Dogelon Mars (ELON) tokens, worth about $29 million at time of writing, were abruptly shifted from Crypto.com to an unknown crypto wallet. Transactions featuring the king crypto were also on Whale Alert’s radar as many deep-pocketed investors started transferring millions of dollars…

Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset – Markets and Prices Bitcoin News

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A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn out to be a whole lot different. At present, ARB has been exchanging hands for $5.41 to $7.92 per unit over the past 24 hours. ARB Token Sees IOU Trade Volume but Market Value May…