Category: Exchanges

Kevin O’Leary Doubles Down on Bitcoin (BTC) Accumulation, Predicts Unregulated Crypto Exchanges ‘Go to Zero’

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Venture capitalist Kevin O’Leary is doubling down on crypto markets despite being involved with the collapse of FTX, which he was a paid sponsor of. In a new interview with Kitco, O’Leary reveals his current strategy for accumulating Bitcoin (BTC), and gives his outlook on the development of regulation in the crypto industry. “I have been going back into crypto markets lately. Any time Bitcoin drops below $17,000 I add to our positions there. Crypto is getting very interesting because we’re finally starting to see the bearer of regulation coming…

Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment – Blockchain Bitcoin News

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Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023. Vueling to Collect Payment in Crypto Vueling, one of the Spanish budget airlines that has grown after the Covid-19 travel restrictions ended, is taking its first steps to accepting crypto as payment for its services. The…

Newly Launched Binance Mirror to Provide Off-exchange Settlement Solution

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Major cryptocurrency exchange Binance has recently announced the release of Binance Mirror, an off-exchange settlement option for institutional clients, under its custody company. Institutional investors can practically lock collateral by linking their approved cold wallet to Binance Custody. The assets from their cold wallet will then be mirrored on their Binance exchange account, hence the name “Binance Mirror.” As long as the mirror position is open on the Binance exchange, which can be resolved at any time, Binance stresses that the assets in the cold storage will be kept secure.…

Digital Asset Trading, Bringing World-Leading Crypto Exchange Services to the US

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Gate US, a blockchain and digital asset infrastructure provider has received licenses to operate its exchange platform in several US states. Gate US has set its sights on becoming the leading blockchain and digital asset infrastructure provider in the US and will provide digital asset trading services to retail and institutional clients. Dr. Lin Han, Founder and President of Gate US as well as Gate Group, says that “Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business…

Binance Introduces Off-Exchange Settlement to Institutional Investors

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Binance Custody, the institutional digital asset custody arm of leading cryptocurrency exchange, Binance, officially launched Binance Mirror, its off-exchange crypto settlement solution, on Monday. The new service provides Binance’s institutional investors with access to the crypto exchange’s trading and investment products while their collaterals are kept in the company’s cold storage. Binance Custody also noted that institutional investors can get access to the exchange’s VIP loans through the new service. “Through Binance Mirror, institutions lock a specified amount of their asset balance available in their Qualified Wallet, Binance Custody’s cold…

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny – Bitcoin News

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According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck Shows Three Arrows Capital Co-Founders Seek New Investment for Crypto Exchange GTX There’s a flurry of reports and screenshots of an alleged pitch deck and website that claim the two 3AC co-founders, Su Zhu and…

El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues – Exchanges Bitcoin News

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A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked about ID theft, money laundering problems, and the tech issues he observed while working with the Chivo team. Chivo Wallet Problems Deconstructed Shaun Overton, a developer that supposedly was part of the team for Chivo Wallet, has talked about the different problems that the flagship cryptocurrency wallet, created by…

Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News

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The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers. Cryptocurrency Exchanges Still Fighting Banks in Chile Cryptocurrency exchanges and other crypto-related companies are still fighting private banks for the right to open and manage bank accounts in Chile. The legal fight, which…

Cryptocurrency is headed toward surviving its first age

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The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto, it has arguably been the worst year since Bitcoin’s (BTC) inception. It has been more of an ice age than a crypto winter​, and bad actors and weak project​s have dominated headlines —​ including FTX, Voyager, Celsius, Terra, ​​Hodlnaut​, and this week, Nexo​. ​In 2023, the purge could continue with projects that — like Tezos, Lisk and EOS — do not develop…