Category: Exchanges

Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report – Exchanges Bitcoin News

boss

Cryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in that respect. According to a crypto media report, the platform shared its position in correspondence with partners. Bybit Reportedly Vows to ‘Not Discriminate Against Crypto Users Based on Location and Passport’ Singapore-based crypto exchange Bybit will not restrict users from the Russian Federation, despite the city-state’s central bank reiterating this week that licensed coin trading platforms must comply with sanctions…

Coinbase’s Stock Jumps After Third Quarter Report Details Crypto Exchange’s Cost-Cutting Measures

boss

Coinbase’s stock price is seeing a small bump after the crypto exchange’s third-quarter shareholder letter indicated the company had cut costs and seen a rise in subscription and services revenue. Coinbase says Q3 was a “mixed quarter” for the company. The top US crypto exchange registered $366 million in Q3 transaction revenue, a 44% decline from the second quarter of 2022. Coinbase’s overall net revenue was $576 million, a 28% quarter-on-quarter decrease. Conversely, however, the exchange’s subscription and services revenue stood at $211 million, a 43% increase from Q2. Coinbase…

Inflation is killing us; cryptocurrency alone cannot beat it

boss

Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty.  Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz Truss after just 44 days in office. Currently, at least 10 emerging economies are hyperinflationary, with more expected to follow. And the Federal Open Market Committee (FOMC), the part of the U.S. Federal Reserve responsible for keeping prices stable, just announced higher interest rate hikes in…

US-Based Crypto Exchange Kraken Launches Beta Testing for New NFT Marketplace

boss

Crypto exchange Kraken’s new non-fungible token (NFT) marketplace is now live for beta testers selected from a waitlist. In a new announcement, Kraken says that beta testers will soon receive an email providing them with exclusive access to the marketplace, which the exchange says will feature gasless internal transactions. “Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees. Gas fees will be incurred when transferring NFTs and other crypto assets on…

Digital Asset Exchange Crypto.com Rolls Out Support for Under-the-Radar DeFi Altcoin

boss

Singapore-based digital asset exchange Crypto.com is adding support for another low-cap decentralized finance (DeFi) altcoin. The exchange’s customers can now trade the native token of Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products. RBN is trading at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours and more than 9% in the past seven days. It’s also more than 93% down from its all-time high of $5.54, which it…

Santander UK Puts Limits on Payments to Crypto Exchanges

boss

“In recent months we’ve seen a large increase in U.K. customers become victims of cryptocurrency fraud,” said the lender, adding, “The Financial Conduct Authority (FCA) has warned consumers about the risks of investing in crypto assets as money held in customers’ crypto wallets is unlikely to be protected by the Financial Ombudsman Service and Financial Services Compensation Scheme if something goes wrong.” Source

Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows – Featured Bitcoin News

boss

A new survey has revealed that Democrats and Republicans agree cryptocurrency is the future of finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. In addition, 44% of the respondents said they expect to have crypto as part of their investment portfolio in the future. ‘Cryptocurrencies Are the Future of Finance’ Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday that its new national survey has revealed that “Democrats and Republicans agree cryptocurrency is the…

Troubled Crypto Exchange Zipmex on the Verge of Venture Capitalist Buyout: Report

boss

Embattled crypto exchange platform Zipmex is reportedly on the verge of being purchased by a venture capitalist firm. According to a new report by Bloomberg, the Singapore-based digital assets exchange is currently in talks with V Ventures, an investment firm that focuses on technology. Sources familiar with the situation tell Bloomberg that Zipmex is on the cusp of agreeing to a majority buyout, though the buyer has not been officially named. However, they also noted that the company is in close talks with V Ventures. The sources go on to…

Crypto Exchange Deribit Suffers Hack, $28,000,000 in Bitcoin, Ethereum and USDC Vanish After Wallets Compromised

boss

A crypto exchange platform has been hacked to the tune of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and stablecoin USD Coin (USDC). Digital assets exchange Deribit tells its 52,000 Twitter followers that bad actors have made away with $28,000,000 worth of BTC, ETH, and USDC after compromising a crypto wallet. However, Deribit notes that no client funds are in danger and their losses would be covered by the firm’s reserves. The crypto exchange also says that it keeps the overwhelming majority of its customers’ digital assets in…