Category: Exchanges

Dogecoin Rival Shiba Inu (SHIB) Continues Price Surge This Week Amid New Listing on Top South Korean Exchange

boss

Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea’s top crypto exchange by trading volume. The Seoul-based Upbit, which registered more trading volume than any other exchange besides Binance in the 24 hours prior to writing, listed SHIB against the South Korean Won (KRW) on Wednesday. SHIB is trading at $0.000012 at time of writing. The 15th-ranked crypto asset by market cap is up 0.88% in the past 24 hours and more than 33% in the past…

Bitcoin (BTC) Fights To Regain $21,000 Amid Genesis Rumors and Charges Against Little-Known Crypto Exchange

boss

Bitcoin (BTC) is on the cusp of regaining $21,000 as charges are filed against a little-known crypto exchange platform and rumors swirl around embattled crypto lender Genesis. In a new press release, the U.S. Department of Justice (DOJ) is announcing charges against Hong Kong-based crypto exchange Bitzlato and its founder, Russian national Anatoly Legkodymov. The DOJ alleges that Legkodymov failed to maintain proper regulatory safeguards, including having substandard anti-money laundering practices. As stated by Assistant Attorney General Kenneth A. Polite in the press release, “As alleged, the defendant helped operate…

CFTC Commissioner Says Crypto Exchanges Should Not Self-Certify Tokens

boss

Congress has been urged by a commissioner of the US Commodity Futures Trading Commission (CFTC) to stop enabling cryptocurrency exchanges to “self-certify” and list tokens without regulation. At a University of Pennsylvania lecture on FTX on January 18, CFTC commissioner Christy Goldsmith Romero informed the audience that the current procedure was not sufficient to assure adequate regulations. “It is critical to institute guardrails against regulatory arbitrage, and that includes prohibiting the use of the self-certification process,” said Goldsmith Romero. The abrupt shutdown of the cryptocurrency exchange FTX in November has increased…

Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner – Exchanges Bitcoin News

boss

Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed it was hacked. US, France Hit Cryptocurrency Exchange Bitzlato, Russian Co-founder Detained in Miami U.S. authorities have apprehended Anatoly Legkodymov, a resident of China, on charges that his Hong Kong-registered crypto trading platform, Bitzlato, processed illicit funds worth hundreds of…

Crypto Exchange Binance Burns Over $575,000,000 in BNB Following Token Update

boss

The chief executive of the world’s largest crypto exchange by volume says that the platform has torched $575 million worth of its native asset in its latest quarterly burn. In a new blog post, Binance CEO Changpeng Zhao says that the crypto exchange has destroyed a total of 2,064,494 Binance Coin (BNB) in its 22nd overall burning event and first quarterly burn of 2023. Binance says it plans to perform coin burns every quarter until it eliminates a total of 100 million BNB from circulation – half of the token’s…

21Shares debuts crypto staking ETP on BX Swiss exchange

boss

Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking. On Jan. 18, the company launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading on the local stock exchange BX Swiss under the ticker STAKE. At launch, 21Shares’ STAKE ETP tracks six digital assets, including BNB (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL) and Tezos (XTZ). The index will rebalance semi-annually in…

What are perpetual futures contracts in cryptocurrency?

boss

In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets. In order to gain exposure to an underlying asset or index, a trader can own a perpetual futures contract indefinitely. Since the contracts wouldn’t have a predetermined maturity date, this strategy allows for the creation of futures markets for illiquid assets.…

Crypto Exchange OKX Introduces Copy Trading to Global User Base

boss

✨ Presenting all-new #OKX Copy Trading ✨ 🖱️ Duplicate every move from the lead trader in just one click, and keep track of your real-time P&L when you are on the go. Trade with ease trade like a pro🤴 — OKX (@okx) January 17, 2023 The introduction of the copy trading tool comes less than a year (May 2022) after OKX created a feature that made it possible for traders to check the portfolio breakdowns, transaction histories, profits and losses as well as the risk levels of high-performing traders on…