Category: Exchanges

US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says – Bitcoin News

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Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed. Russian Accused of Laundering Billions Through Crypto May Return Home, According to Lawyer A lawyer for Alexander Vinnik, alleged operator of the infamous cryptocurrency exchange BTC-e, believes that his client may be considered for an exchange of prisoners between the United States and the Russian Federation. David…

Fast-Rising Altcoin From Shiba Inu (SHIB) Ecosystem Gets Major Crypto Exchange Listing Ahead of Shibarium Release

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A key altcoin in Shiba Inu’s (SHIB) ecosystem is slated to be listed on Gate.io, according to an update from the crypto exchange. Gate.io, a top 20 exchange with over $800 million in 24-hour trading volume, updated its trading page for ShibaSwap (BONE) on Thursday with a countdown to when the altcoin will go live. BONE will be used for gas fees and governance on Shibarium, the highly anticipated layer-2 project designed to make Shiba Inu more efficient, similar to Polygon (MATIC) on Ethereum (ETH). It’s also the native token…

How to teach cryptocurrency to your children

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Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money. Related: What is cryptocurrency? A beginner’s guide to…

Coinbase CEO Brian Armstrong Says Crypto in ‘Despair Phase’ Amid US Exchange’s $2,625,000,000 Annual Loss

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Crypto exchange Coinbase is struggling as a result of the bear market but the firm’s CEO, Brian Armstrong, says they’re built for the long term. During an earnings call on Wednesday, Armstrong says that the industry is going through one of those difficult periods in the crypto cycle. “The narrative in crypto tends to flip every two years. It’s either irrational exuberance or despair. Neither one is true at any given time, but we’re in one of those despair phases right now.” Coinbase’s fourth quarter and full-year 2022 report to…

Canada Gives 30-Day Registration Ultimatum to Crypto Exchanges

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On Wednesday, the Canadian Securities Administrators (CSA) published a notice with enhanced regulatory guidelines around “investor protection commitments” for cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies,…

Under-the-Radar Altcoin Jumps 34% After Surprise Listing From Crypto Exchange Binance

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A surprise listing from Binance has triggered a big rally for a crypto project focused on helping funds flow from one blockchain to another. The exchange has added Synapse (SYN) to its Innovation Zone, which is a dedicated trading space for crypto assets that could be prone to increased volatility. Immediately after the listing, SYN surged from a 24-hour low of $1.25 to a high of $1.68 – an increase of 34%. Following the initial burst, SYN has retraced to $1.61 at time of publishing. Synapse is a decentralized bridge…

Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data

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Two crypto firms are scooping up large amounts of one fast-rising decentralized exchange (DEX) token, according to on-chain data from the Arbitrum blockchain. According to blockchain tracker LookOnChain, crypto finance service provider Amber and crypto institutional asset manager Arca are both in the midst of accumulating GMX, the popular DEX built on Arbitrum. Says LookOnChain,  “We noticed that Amber Group and Arca are accumulating GMX. Amber Group received 122,144 GMX ($9.8M currently) from Binance and Arca bought 66,448 GMX ($4.4M currently) from [a] DEX. Amber Group received 122,144 GMX ($7.56M…

Huobi to Launch Huobi Hong Kong Crypto Exchange

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Huobi, a major crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of…

Maximize Your Crypto Wallet with LYOTRADE Exchange

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LYOTRADE is a cryptocurrency exchange platform that aims to provide a comprehensive and convenient trading experience for its users. The platform has been designed to cater to the needs of both novice and experienced traders, offering a wide range of features and tools that cater to their specific requirements. In this article, we will take a closer look at LYOTRADE and explore some of the key features that make it stand out from other cryptocurrency exchanges in the market. One of the key features of LYOTRADE is its ease of…

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

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A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a Feb. 20 bulletin on “crypto shocks and retail losses,” the BIS reports that while the price of Bitcoin (BTC), Ether (ETH) and other currencies dropped in 2022, the number of daily active users at some exchanges including Coinbase and Binance “increased markedly” following news of the collapse of Terra and FTX. The bank suggested that “users tried to weather…