Category: Exchanges

Mastercard will help banks offer cryptocurrency trading

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A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making it easier for banks to get involved. The payments giant plans to announce a program Monday that will help financial institutions offer cryptocurrency trading, the company told CNBC. Mastercard will act as a “bridge” between Paxos, a crypto trading platform already used by PayPal to offer a similar service, and banks, according to the company.…

ASIC Temporarily Halts Holon’s Cryptocurrency Funds

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On Monday, the Australian Securities and Exchange Commission (ASIC) issued an interim stop order against Holon Investments Australia Limited, preventing the firm from offering or distributing three cryptocurrency funds to retail investors. 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. The funds are Holon Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world. No…

Decentralized Exchange Pulls In $165,000,000 in Fundraising Round Amid Ongoing Crypto Bear Market

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The developers behind the world’s largest decentralized crypto exchange (DEX) by trading volume are securing $165 million in additional investment amid the ongoing bear market. Hayden Adams, the chief executive of Uniswap Labs, says his team raised that total in a Series B funding round led by Polychain Capital. Uniswap Labs is the team that created the Uniswap (UNI) DEX. The funding round also included participation from longtime Uniswap investors a16z crypto, Paradigm, SV Angel, and Variant. Adams tells Fortune that the exchange is not currently profitable. He notes Uniswap…

Crypto Exchange Binance Announces $500,000,000 in Funding To Support Critical Bitcoin Sector

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The world’s largest crypto exchange platform is announcing plans to raise hundreds of millions of dollars to support Bitcoin (BTC) mining. In a new company press release, Binance says it is launching a $500 million fundraising pool to support the crypto mining industry. “As one of the world’s leading crypto mining pools, Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem. In light of current market conditions, Binance Pool is launching a $500 million lending project to support crypto miners and digital infrastructure providers. The first…

Exchange Giant Coinbase Lists Major Ethereum Rival, Spurring Short Price Explosion

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Top US-based crypto exchange Coinbase is adding Ethereum challenger Hedera (HBAR) to its roster of supported digital assets. Coinbase says that the token of the most widely-used enterprise grade public network for decentralized applications is already live on its platforms. “Hedera (HBAR) is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset.” The second largest crypto exchange platform by trading volume is rolling out support for HBAR amid growing use cases for…

Exchange Giant Coinbase Adds Support for Ethereum-Based Blockchain Video Game Altcoin As Markets Stumble

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Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. According to the announcement by the largest crypto exchange in the US, consumers should only trade ILV on the ETH network. “Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.”…

Brazilian Securities & Exchange Commission Defines Classification of Crypto Assets as Securities

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A recent guidance opinion document from the Brazilian Securities and Exchange Commission (CVM) discusses the topic of crypto-based securities. The document defines cryptocurrencies as digitally represented assets that are protected by cryptography technology and can be transacted with and stored using Distributed Ledger Technologies (DLT), while acknowledging that there is still a regulatory vacuum on the topic as a result of the lack of specific regulation. The new standards require that tokens that qualify as securities be digital representations of certain types of legal instruments. This includes certificates of deposit of…

Bitcoin to become ‘trusted means of exchange’ in EU: Bitcoin Amsterdam 2022

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With inflation becoming a bigger problem as time goes on, Bitcoin may become a better and more trusted means of exchange in Europe, according to politician Nigel Farage.  At the Bitcoin Amsterdam 2022, Cointelegraph reporter Gareth Jenkinson spoke with Nigel Farage, the former head of the pro-Brexit United Kingdom Independence Party, and discussed how the politician first heard about Bitcoin (BTC), the appeal of the cryptocurrency as a hedge against inflation and how it may be adopted broadly in Europe in the near future. According to Farage, he first discovered…

Hodlers prefer centralized exchanges over DeFi for security: Chainalysis

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Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex chief technology officer Paolo Ardoino believes. Despite the rise of decentralized finance (DeFi), cryptocurrency investors appear to be sticking to centralized exchanges (CEXs) over DeFi tools, according to a new report. Crypto investors are more comfortable holding their assets on CEXs because decentralized exchanges are still more vulnerable to the threat of hacks. This is according to a joint report by the blockchain data firm Chainalysis and Bitfinex exchange, issued on Oct. 13.…