Category: Exchanges

S’pore Based Exchange Crypto.Com Adds Support for Upcoming NFT Platform’s Native Token

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Singaporean digital assets exchange Crypto.com now supports the native asset of a brand-new non-fungible token (NFT) platform, Minted. Customers of the Crypto.com exchange are now able to trade Minted’s (MTD) native token. Minted is a Cronos Labs project in which users can list and acquire over 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains. The payment, trading, and financial services platform on Crypto.com is powered by Cronos, while Minted debuted its commercial platform in August in collaboration with the exchange.  Minted stated that it will offer secondary…

Bitpapa Enters Kenyan Cryptocurrency Market – Press release Bitcoin News

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press release PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service providers. Bitpapa is one of them, and it has recently entered the Kenyan crypto market. As a global P2P marketplace operating worldwide, Bitpapa has been offering cryptocurrency trading services since 2018, only a matter of time before it entered the highly lucrative Kenyan cryptocurrency market. Thanks…

Exchanges criticized for ‘nothingburger PR’ posts on upcoming LUNC tax burn

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As the upcoming Terra Classic (LUNC) burning mechanism gained more hype, some crypto exchanges thought it would be a good idea to express their support. However, the crypto community quickly responded, calling out the exchanges for what some believe to be public relations stunts.  On Sept. 1, Terra community member Edward Kim submitted a proposal to implement a 1.2% tax burn for every on-chain LUNC transaction in an effort to revive the crypto. The transaction tax will be sent to a dead address, removing part of the circulating supply permanently.…

Brazilian Securities Watchdog Demands Changes in Cryptocurrency Bill – Regulation Bitcoin News

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The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits. Brazilian CVM Presses for Changes in Current Cryptocurrency Bill The Brazilian securities watchdog, the CVM, is pressing for changes in the cryptocurrency bill that will clarify how virtual assets will be treated in the country. The new directive…

3 major mistakes to avoid when trading cryptocurrency futures markets

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Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures markets’ price decoupling, fees and the impact of liquidations on the derivatives instrument. Let’s explore three simple mistakes and misconceptions that traders should avoid when trading crypto futures. Derivatives contracts differ from spot trading in pricing and trading Currently, the aggregate futures open interest in the crypto market surpasses $25 billion and retail traders and experienced fund managers use these instruments to…

ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork – Finance Bitcoin News

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Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.” Ethereum Hard Fork The Etc Group, a provider of institutional-grade digital asset-backed securities, has said it will list a new exchange-traded product (ETP) based on a hard fork of the Ethereum blockchain that is likely to…

Digital Assets Exchange Crypto.com Rolls Out Support for New NFT Platform’s Native Token

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Singapore-based digital assets exchange Crypto.com is adding support for the native asset of a new non-fungible token (NFT) platform. The exchange’s customers can now trade the native token of Minted (MTD) a Cronos Labs startup that allows users to list and purchase more than 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains. Cronos powers the Crypto.com payment, trading and financial services platform, and Minted launched its commercial platform in August in partnership with the exchange. The NFT collections launched on Crypto.com/NFT and minted on Cronos will be…

Crypto Exchange Coinbase to Benefit Near-Term from Staking Revenues After Ethereum Merger, Goldman Says

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Despite these positive catalysts, the bank maintained its sell rating on Coinbase shares and its price target of $51, citing weakness in the core business. “ We remain sell rated as we believe the profitability profile is likely to remain weak given the depressed trading environment and the company’s target for roughly breakeven margins over the intermediate term,” the bank’s analysts wrote. Source

Bitcoin whales send BTC to futures exchanges in ‘classic’ bottom signal

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Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior. According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month. Analyst: Whales protectin positions “forming a local bottom” As BTC/USD hit its lowest levels since the end of June, whales were responding kind. In one of its Quicktake market updates posted on Sep. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms. Whales, Maartunn…