Category: Exchanges

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin – Bitcoin News

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Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume of Crypto Transactions in Russia Almost $13 Billion, Financial Authority Says The turnover of crypto assets in Russia is growing, according to Yury Chikhanchin, director of the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring), who reported to President Vladimir Putin about the agency’s current operations. The watchdog is…

I doubled my money in Argentina with a ‘black market’ exchange rate

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The author in Argentinian Patagonia in February 2023. Here, the Spegazzini Glacier cascades into Lago Argentino, the third largest lake in South America. A legal exchange rate influenced by the black market A worker lays out 500 Argentine peso note sheets on Aug. 14, 2020 in Buenos Aires. To cope with one of the world’s highest inflation rates, Argentina produces money 24 hours a day. Ricardo Ceppi | Getty Images News | Getty Images In Argentina, waiting for a cash transfer isn’t strange at all. In fact, it’s custom —…

Cryptocurrency Market Plummets Over $70 Billion Following Silvergate, SVB Banking Failures

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Bitcoin plummets to a two-month low, dropping by 8% below $20,000 on Friday, causing panic as over $70 billion was wiped out of the cryptocurrency market. The unexpected collapse of a crypto-focused lender, Silvergate Capital, and the closure of Silicon Valley Bank by the Federal Deposit Insurance Corporation (FDIC) have been identified as the main reasons behind the market crash. The announcement of the collapse of Silvergate Capital sparked a wave of fear among investors as the lender was a major creditor to the crypto industry. FTX, one of the…

Two U.S. SEC Commissioners Blast Their Own Agency for Rejecting VanEck Bitcoin Exchange-Traded Fund Application

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Two commissioners at the U.S. Securities and Exchange Commission (SEC) are putting their own agency on blast after the regulator batted down another Bitcoin (BTC) exchange-traded fund (ETF) application. The SEC on Friday rejected a Bitcoin spot ETF application from VanEck, a US-based ETF and fund manager. Unlike Bitcoin futures ETF, which would be linked to derivative contracts tied to BTC, a spot Bitcoin ETF would be directly backed by the benchmark cryptocurrency. SEC Commissioners Hester Peirce and Mark Uyeda released a statement accusing their own agency of holding Bitcoin…

The Cryptocurrency Betting Revolution on Wintop․io – Sponsored Bitcoin News

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sponsored Since December 2022, Wintop.io has been strongly growing into the crypto world. A new vision of the betting industry, combining crypto and the most exciting casino and sport games, is now available on https://www.wintop.io/ with a wide variety of bonuses and promotions, for all the types of players. It is an idea for a new iteration of the gambling which incorporates concepts such asdecentralisation, blockchain technologies, and token-based economics. The connectors available on Wintop.io,such as Metamask or Wallet connect, allow users to register and deposit in just one click.…

Crypto Exchange Giant Rolls Out Support for Two Under-the-Radar Altcoins

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Digital asset exchange giant Crypto.com is rolling out support for two under-the-radar altcoins as the crypto markets continue to crater in the wake of crypto-friendly bank Silvergate’s announced shutdown. Customers of the Singapore-based exchange can now trade Liquity (LQTY) and Gelato (GEL), according to an announcement from the firm. Liquity is a decentralized Ethereum (ETH)-based lending protocol powered by its stablecoin LUSD. The protocol uses ETH as collateral, and LQTY, its native token, can be used for liquidity mining and staking. LQTY stakers can earn LUSD from fees on loan issuance, and…

Bitcoin Bounces at $20,000 As Biden Administration Fights 50 Million American Citizens Who Own Cryptocurrency

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Bitcoin just bounced off a historic line of support at $20,000 as the Biden Administration launches an all-out assault on cryptocurrency and the 50 million American citizens and voters who own digital assets. The latest jab stems from President Biden’s dead on arrival tax plan, which would impose a 30% tax on the energy used for Bitcoin mining, reports the New York Times. The plan would also stop crypto investors from selling assets at a loss and quickly rebuying them in order to save on taxes, reports Bloomberg. This follows…

Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum

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A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun. In a new release, crypto exchange Poloniex says it’s listing Shiba BoneSwap (BONE), the digital asset that will be used to pay for the gas fees of Shibarium, Shiba Inu’s highly anticipated upcoming Ethereum-based (ETH) layer-2 scaling solution. “BONE wallets will open on March 9, 2023 at 10:00 UTC and full trading will be enabled on March 9, 2023 at 11:00 UTC… BONE is a governance token of…

Coinbase and $20,000,000,000 Hedge Fund Backing New Decentralized Crypto Exchange

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Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm Violet says it plans to launch Mauve, a DEX built with features of both DeFi and traditional finance (TradFi). The company will be collaborating with several prominent investors, such as Coinbase Ventures, venture capital firm FinTech Collective, and $20 billion hedge fund Brevan Howard. According to Violet co-founder Markus Maier, the creation of Mauve was sparked by last year’s high-profile…

Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’ – Bitcoin News

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Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have been sending emails to Russian residents claiming to be writing on behalf of a regulatory body about the upcoming launch of “the Russian state cryptocurrency,” the Tass news agency reported, quoting Kaspersky Lab. “With such…