Category: Exchanges

Half a Billion XRP Worth Over $161,000,000 Leaves Crypto Exchange Kraken: On-Chain Data

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On-chain data reveals that an XRP whale transferred more than $160 million worth of XRP from a top crypto exchange. According to blockchain tracker Whale Alert, XRP valued at approximately $161.2 million was moved from crypto exchange Kraken to an unknown wallet. “500,000,000 XRP (161,221,368 USD) transferred from Kraken to unknown wallet.” The transaction cost 0.000012 XRP or approximately $0.00000395 on the XRP Ledger. The XRP Ledger or simply XRPL is a decentralized blockchain which uses XRP as the native cryptocurrency. XRP is trading at $0.3295 at the time of…

Coinbase-Backed Crypto Exchange Cooperating With Investigators After Offices Searched by Authorities: Report

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India’s leading crypto app is reportedly cooperating with authorities after law enforcement officers searched its premises this week. Reuters reports that agents from the Enforcement Directorate (ED), India’s financial-crime agency tasked to investigate money laundering and foreign exchange offenses, raided the offices of crypto platform CoinSwitch on Thursday. An unnamed source with direct knowledge of the case claims that the search is related to suspected violations of the country’s foreign exchange law. The agents reportedly asked about the company’s foreign investments, income and outflows to check for compliance. CoinSwitch CEO…

Ilies Larbi’s Crypto Exchange Ouinex Seeks €1M in Pre-ICO Round

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Ouinex, the cryptocurrency exchange launched by FX industry veteran Ilies Larbi, informed Finance Magnates that it is aiming to secure €1 million in its pre-initial coin officer (pre-ICO) funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B…

Top 10 most Googled questions about cryptocurrency and its implication

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What people end up searching on Google provides raw insights into the real mindset, often revealing their interest, fear, and range of other emotions about a particular topic. To identify investor sentiment amid a bear market that is yet to find its bottom, Cointelegraph dug deep into the web to find out the most Googled questions about cryptocurrencies.  The top 10 Google searches related to cryptocurrencies uncover an increase in curiosity among general investors — represented by two ‘Whys,’ three ‘What’s’ and five ‘How’s.’ Let’s go through the most crypto-related…

Top Crypto Exchange Coinbase Adds Decentralized Public Network Altcoin to Its Listing Roadmap

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Top US crypto exchange platform Coinbase added another altcoin to its listing roadmap, which puts the token on the path toward being listed on its burgeoning roster of tradable digtal assets. Ethereum (ETH) rival and smart contract platform Hedera (HBAR), which is tailored for security and regulatory compliance, could potentially start trading on the exchange. According to the project’s website, HBAR holders can use the token to pay for network fees or use it for staking. HBAR is priced at $0.063 at time of writing. The 41st-ranked crypto asset by…

Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme – Featured Bitcoin News

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After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised prospective zugacoin investors to prioritize learning finer details about the project before investing. A Financial System for the Future As promoters of zugacoin — a Nigerian cryptocurrency ostensibly created to end poverty in Africa — continue to tout the token as a legitimate digital currency, there are growing reports on social…

Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year – Exchanges Bitcoin News

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Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps of companies like Nubank and others that have already included crypto in their service portfolio. Rico to Expand Operations to Crypto and Banking Brazilian companies and banks are entering the cryptocurrency business as a way of offering a complete package of…

Tech Giant Samsung Planning Launch of Its Own Crypto Exchange: Report

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The investment arm of South Korean tech giant Samsung is reportedly looking to launch a crypto exchange platform along with several other prominent securities firms. According to local media outlet Newspim, Samsung Securities attempted to headhunt for individuals who can take charge of a crypto trading platform and develop blockchain smart contracts last year. The investment firm failed to find people to fill in the positions, but is reportedly conducting studies on how to venture into the crypto assets exchange business. The report says that Samsung Securities and six other…

Report Claims Russia and Iran Plan to Establish a Global Gas Cartel, Moscow to Launch Its Own Precious Metals Exchange – Economics Bitcoin News

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Following Russian president Vladimir Putin’s statements at the end of June that indicated members of the BRICS nations have formalized plans to create a new “international reserve currency,” Russia is reportedly building the foundations of a global gas cartel with Iran. Financial journalist and best-selling author Simon Watkins claims the “alliance aims to control as much of the two key elements in the global supply matrix as possible.” At the same time, Russia intends to create a precious metals exchange called the Moscow World Standard (MWS). US Dollar and Ruble…