Category: Exchanges

National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay – Regulation Bitcoin News

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The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of power bills, being illegally connected to the grid. National Power Administration to Change Power Billing Structure for Mining Operations in Paraguay The National Power Administration is proposing a new way of charging cryptocurrency companies for the…

Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield

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Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals. In a Wednesday tweet, PeckShield speculated that hackers might be responsible for transferring 21 types of tokens off of the exchange starting on Monday, including Tether (USDT), Shiba Inu (SHIB), and Tesra (TSR). According to the blockchain investigator, the funds totaled roughly $4.8 million at the time of publication. The total funds being transferred out from @ZBexchange are ~$4.8M and here is the detailed breakdown of tokens: https://t.co/uMpkvxtOAo pic.twitter.com/xo373Zyge1…

Crypto Exchange Binance Reveals Reserves Backing BUSD Stablecoin in Push for Transparency

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The world’s largest cryptocurrency marketplace is sharing data about the money behind its own US dollar-pegged stablecoin. In a new announcement, Binance says that it will regularly provide updates about the reserves behind the popular Binance USD (BUSD). The move comes after several digital assets and their affiliated projects have collapsed this year while causing tens of billions of dollars in losses worldwide. Binance says that, unlike other so-called stablecoins, BUSD is not only “100% backed by cash and cash equivalents” but also regulated and approved by the New York…

Binance.US Voluntarily Delists Cryptocurrency SEC Deems Security

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On Monday, Binance.US announced that it was in the process of delisting AMP, which had been classified as a security by the SEC in a recent insider-trading case involving Coinbase Global. Binance.US stated that will discontinue trading of the AMP token until more clarity around its classification materializes. In an effort to demonstrate its willingness to be regulatorily compliant, the world’s biggest cryptocurrency exchange by market volume’s U.S. arm, Binance.US has voluntarily delisted one of the cryptocurrencies singled out as a security by the U.S. Securities and Exchange Commission. On…

Moscow Exchange’s Forex Market Relapses to RUB 17.3 Trillion in July

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The forex market of Moscow Exchange (MOEX), Russia’s largest exchange group, relapsed in July. Finance Magnates’ analysis of the July 2022 trading volumes shared by MOEX on Tuesday showed a slip away from recovery. 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. Forex trading volume in the past month reached RUB 17.3 trillion, a 3% drop from the RUB 17.8 trillion recorded in June. Similarly, the forex market’s average daily trading volume…

Crypto Exchange Coinbase Adds Support for Two Little-Known Altcoins Built on Ethereum As Markets Dip

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The largest crypto exchange platform in the US has just rolled out support for two under-the-radar altcoins built on top smart contract platform Ethereum (ETH). In a new announcement, Coinbase says it’ll launch trading for NFT-focused SuperRare (RARE) and food supply-chain platform TE-FOOD (TONE) on Tuesday once liquidity conditions are met. SuperRare is an exclusive crypto art marketplace that lists a curated selection of digital artwork from high-profile NFT artists and creators. Its marketplace began as a centralized platform until last year when it introduced RARE, its governance token, and…

SIX Swiss Exchange Sees 2-Month Fall as Turnover Slumps to CHF 77.2B

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SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, recorded a two-month decline in its trading turnover in July. 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. In July, total trading turnover came in at CHF 77.2 billion, a -21% decrease from the CHF 97.8 billion generated in June. The exchange also recorded 4,124,210 trades last month, a -16.2% month-on-month (MoM) decline. SIX Swiss Exchange disclosed these on Tuesday…

Crypto Platform Phemex Becomes Partner of Université Paris Dauphine – PSL To Support Research on DeFi and Cryptocurrency

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Université Paris Dauphine – PSL, the renowned institution of higher education, is collaborating with global crypto exchange Phemex. Professor Herve Alexandre will be the one to lead the research on DeFi and crypto in an educational space. Launched in 2019, Phemex is a Singapore-based crypto platform that’s quickly risen in the ranks among the top crypto derivatives exchanges. It now sees over $10 billion in daily average trading volume and serves over five million users around the world. Research is being led by Professor Alexandre, a well-known and respected professor of finance at…

The rise of fake cryptocurrency apps and how to avoid them

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Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology. And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake apps. The schemes reportedly take advantage of heightened interest in cryptocurrencies, especially during bull market runs, to beguile crypto users. How fake crypto app scammers lure users Fake crypto app scammers use myriad techniques…