Category: Exchanges

Dogecoin becomes second largest PoW cryptocurrency

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Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the Ethereum network’s proof-of-stake upgrade on Sept. 15.  Bitcoin (BTC) of course remains miles ahead of Dogecoin’s market cap of $7.83 billion, though the well-followed memecoin is still comfortably ahead of the third place PoW cryptocurrency Ethereum Classic (ETC) (with a market cap of $4.69 billion), Litecoin (LTC)  ($4.01 billion) and Monero (XMR) ($2.65 billion). Ranking of PoW-Based Cryptocurrencies by Market Cap. Source: Coinmarketcap.com. One Dogecoin fan appeared to be in disbelief…

Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market

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September 15, 2022 – London, England Infinity Exchange, a decentralized finance protocol that provides institutional-grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi. The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets – eventually forming…

FTX, Bybit among the first exchanges to launch spot ETHW trading

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Major cryptocurrency exchanges, FTX and Bybit, are among the first crypto trading platforms to launch spot trading for Ethereum proof-of-work (PoW) tokens. While the Ethereum blockchain has not forked into two separate networks just yet, crypto exchanges are rushing to start trading EthereumPoW (ETHW) tokens. At the time of writing, ETHW Fork IOU token is now trading on five exchanges, including the global FTX exchange, the FTX US platform, Bybit, Gate.io and MEXC Global, according to data from CoinGecko. According to the data, FTX is handling more than 80% of…

ETH Exchange Balance Hits 5-Month High

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Ethereum (ETH) network has witnessed a sharp jump in overall activity during the past few days amid the last stage of its much-awaited network update. On 15 September 2022, the Ethereum Merge went live as Vitalik Buterin, the Co-Founder of ETH, confirmed the development in a Tweet. 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. Amid the network upgrade, the total ETH balance on prominent exchanges reached 21.96 million for the first…

Collective of Wall Street Giants Roll Out a Cryptocurrency Exchange Soon

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  A number of Wall Street heavyweights, including Fidelity, Charles Schwab, and Citadel, will soon be launching a cryptocurrency exchange — EDX Markets. EDXM aims to be the “first-of-its-kind” among centralized crypto exchanges that processes trades through dependable intermediaries. It seeks to offer the best prices by combining liquidity from different market makers.  The global financial service company Charles Schwab, the market maker firms Citadel Securities and Virtu Financial, and the venture capital firms Paradigm and Sequoia Capital are among the companies that are backing EDXM. This list of companies…

Want to keep exchanges like Celsius from seizing your money? Be a ‘custody client’

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Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary. What exactly is a “custody client?” It’s similar in principle to a savings account with a traditional bank — often repayable upon demand by the custodian. In this case, it’s Celsius that has a fiduciary responsibility. This type of account is kept separate from an “earn-and-borrow” account.…

Thailand Securities Exchanges begin studying the proper way to handle Virtual Capital Market

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In accordance with the plan to drive the Thai capital market towards “Digital Capital Market,” the Securities Exchanges Commission of Thailand is now studying some guidelines for regulating the Virtual Capital Market. According to the SEC, the organization is currently studying the developments and changes of new technologies that affect the capital market in all dimensions in the Web 3.0 era in order to formulate guidelines and policies to regulate capital markets that are appropriate to support the Virtual Capital Market, which is expected to be completed in the fourth…