Category: Exchanges

Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils – Mining Bitcoin News

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Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.” Parliament Prepares to Legalize the Mining of Cryptocurrencies in Russia After rejecting one crypto mining bill for being fragmented and ambiguous, Russian lawmakers accepted to review another draft law, which more comprehensively regulates the extraction of digital currencies in the country. The main goal…

Crypto Exchange Coinbase Announces Support for Two Low-Cap Solana (SOL) Based Altcoin Projects

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Top US digital asset exchange Coinbase has announced it will be adding two Solana (SOL)-based crypto projects to their list of tradable altcoins. Announcing via Twitter, Coinbase says it will be adding support for Marinade (MNDE) and Marinade Staked SOL (mSOL) on the Solana network, with trading beginning on November 3rd once liquidity conditions are met. Both altcoins will be listed under Coinbase’s Experimental Label, which the exchange created for riskier, lower liquidity crypto assets. Marinade is a decentralized autonomous organization (DAO) that aims to make Solana more censorship-resistant and…

Deribit crypto exchange halts withdrawals amid $28M hot wallet hack

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Major cryptocurrency derivatives exchange​​ Deribit has halted withdrawals after suffering a $28 million hot wallet hack. Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter. The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating: “Client assets, Fireblocks or any of the cold storage addresses are not affected. It’s company procedure to keep 99% of our user funds in cold storage to limit the impact of these type of events.” As part of the ongoing…

SIX Swiss Exchange Relapses in October after 2-Month Turnover Gains

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Trading volumes on the SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, relapsed in October 2022. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Trading turnover on the exchange dropped 16.1% to CHF 79.3 billion, SIX Swiss Exchange disclosed in its key trading figures for October 2022 published on Tuesday. Similarly, the total number of trades performed on the exchange dropped -2.9% month-over-month (MoM) to 4,717,648. In September,…

Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app

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Global digital peer-to-peer (P2P) payments company MoneyGram has announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold cryptocurrency; specifically, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), via its MoneyGram mobile app.  The digital payments company said that it plans to add more digital currencies to its app in 2023, as global regulations allow. Alex Holmes, Chairman and CEO of MoneyGram, stated: “As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and…

Setting rules for centralized exchanges

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Centralized cryptocurrency exchanges have become the backbone of the nascent crypto ecosystem, making way for retail and institutional traders to trade cryptocurrencies despite a constant fear of government crackdowns and lack of support from policymakers.  These crypto exchanges over the years have managed to put self-regulatory checks and implemented policies in line with the local financial regulations to grow despite the looming uncertainty. Cryptocurrency regulation continues to occupy mainstream debates and experts’ opinions, but despite public demand and requests from stakeholders of the nascent ecosystem, policymakers continue to overlook the…

Polkadex Has Released the Polkadex Orderbook Decentralized Exchange

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Tortola, British Virgin Islands Just over a year after the launch of the Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based DEX (decentralized exchange) is set to be a game changer for digital asset trading and DeFi. In the last few years, DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the AMM (automated market maker) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, front-running, low interoperability and…