This week, Glenn Williams Jr. argues that decentralized exchanges (DEXes) have an intriguing road ahead amid the wreckage of FTX. Then, Kelly Chambers of THEIA8900 notes the digital-asset myopia among financial advisers focused on bitcoin (BTC) and Ethereum’s ETH. Source
The Tel Aviv Stock Exchange (TASE) has created a groundbreaking move towards offering crypto trading, marking the first time it has proposed allowing its clients to trade digital assets. The stock exchange has published a draft to approve expanding crypto trading activities to non-banking members, which is open for public comments. The proposal will enable customers to deposit fiat money specifically for investments in digital assets. If approved, non-banking members will be licensed providers for crypto trading and custodial services. The customer funds will be placed in an “omnibus…
The cryptocurrency exchange Binance has been under scrutiny recently, with Forbes publishing an article that made claims about the exchange’s financial activities. The report indicated the movement of funds or money by Binance, including the transfer of $1.8 billion to hedge funds like Amber Group, Tron, and Alameda Research. The Forbes piece suggested that Binance’s activities were reminiscent of the defunct FTX, which collapsed in 2022. The article made reference to Binance.US’s unsuccessful bid for Voyager and the legal action that the Exchange Commission and United States Securities are preparing…
A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments. In a TASE first, a Feb. 27 announcement stated the proposed structure will enable customers to deposit fiat money designated for investments in digital assets. Non-banking members will act as licensed providers for crypto trading and custodial services should the proposal be approved. Customer funds will be placed in an “omnibus account” as the intermediary for crypto trading activities. It will also…
Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows. On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows. “Wild stat” shows Bitcoin supply maturation The latest statistics to reflect the determination of Bitcoin hodlers, major exchanges’ BTC balances are in “down only” mode. As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC. It was in March 2018 that the number…
In the aftermath of the FTX collapse, Forbes published an article that focused on the recent “shuffling” of funds by the cryptocurrency exchange Binance. However, the following day on Feb. 28, Binance co-founder and CEO Changpeng Zhao (CZ) took to Twitter to tackle the FUD. In response to the article, the CEO said: “They seem to not understand the basics of how an exchange works. Our users are free to withdraw their assets any time they want.” In his series of tweets, he addressed various claims from the Forbes article. This…
Trading in cryptocurrency derivatives has grown in popularity in recent years. Derivatives are financial instruments whose value is determined by an underlying asset, in this case, cryptocurrencies such as Bitcoin and Ethereum. While derivatives trading can provide investors with a way to profit from price fluctuations in the cryptocurrency market, it is not without risk. This article will go over cryptocurrency derivatives trading and the risks that come with it. Cryptocurrency derivatives are financial instruments that enable investors to speculate on cryptocurrency price movements in the future. Futures contracts, options…
The Tel Aviv Stock Exchange (TASE) has become another traditional trading floor to hop on the accelerating cryptocurrency wagon by allowing customers to transact digital assets. On Monday, TASE started a public discussion on draft rules to approve Non-Banking Members (NBMs) to trading cryptos. The proposed structure allows customers to deposit fiat money for investment in cryptocurrency, which licensed providers will trade. The Non-Banking Members will act as intermediaries between the customer and the trading and custodial services providers. When a customer places the order to buy or sell cryptocurrency,…
A Shiba Inu (SHIB) competitor has rallied under the radar leading to the announcement of a major crypto exchange enabling perpetual contracts for the dog-theme crypto asset. On Friday, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu (FLOKI) perpetual contracts with up to 12.5x leverage. Floki Inu’s Twitter account welcomed the development, saying that Bybit’s move is a sign that people are starting to look at the Dogecoin (DOGE) rival. “This is a MAJOR move that further legitimizes Floki and shows that key industry players continue…
Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, intends to hire a number of professionals this year for its technology hub in Iași, Romania’s third largest city. The hub was established in 2022 and the company is now recruiting its staff. Job openings…