Category: Exchanges

Coinbase CEO Brian Armstrong Reveals What It Takes for Altcoins To Be Listed on Exchange

boss

The head of the biggest crypto exchange in the US is revealing the company’s strategy for listing new digital assets on its platform. In an interview with Lex Fridman, Coinbase CEO Brian Armstrong says that the first step of listing an altcoin on the exchange is determining whether or not the asset qualifies as an unregistered security. “We basically have a test of legality. We check: ‘Do we believe this is a security?’ If so, it can’t be listed on Coinbase. And there’s a very rigorous process we go through…

Two Under-the-Radar Altcoins Rolled Out on Digital Asset Exchange Crypto.com

boss

Singapore-based digital asset exchange Crypto.com is adding support for two under-the-radar altcoins as markets rebound. Earlier this week, the exchange listed the native token of Boba Network (BOBA). The project utilizes optimistic rollups, a less stringent and data-heavy method of transaction verification than traditional zero-knowledge rollups. The BOBA token can be used for governance and staking. The project aims empower decentralized applications (DApps) developers building on Ethereum (ETH). BOBA is trading at $0.51 at time of writing. The 306th-ranked crypto asset by market cap is up more than 15% in…

Crypto Futures Exchange CoinFLEX To Lay Off Employees As It Fights Legal Battle With ‘Bitcoin Jesus’

boss

Embattled crypto derivatives exchange CoinFLEX is announcing employee layoffs amid a legal battle with ‘Bitcoin Jesus.’ In a new blog post, CoinFLEX says it is laying off a significant number of employees across the board as a means of reducing overhead costs. “We, unfortunately, had to let go of a significant number of the CoinFLEX team across all departments and geographies. The staff cuts and non-staff costs that we have made will reduce our cost base by approximately 50-60%. The majority of the team that remain are focused on product…

FTX Exchange FZE Obtains Approval from Virtual Assets Regulatory Authority

boss

FTX Exchange FZE confirmed yesterday that the company has received approval from the Virtual Assets Regulatory Authority (VARA) in Dubai to enter Dubai’s MVP program for virtual assets. The approval will help the company in the expansion of its presence in one of the fastest-growing crypto regions. 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 latest announcement from FTX Exchange FZE came approximately four months after FTX Europe, the parent company…

Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio – Exchanges Bitcoin News

boss

Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters of Lazio will be able to use the tokens to also take advantage of various discounts. Lazio Fans to Buy NFT Tickets From Cryptocurrency Exchange Binance Binance, the world’s leading crypto trading platform, announced it’s launching sales of NFT tickets for the matches of the Italian football club S.S. Lazio during the 2022/23 season. Buyers will use the non-fungible tokens…

Crypto Exchange FTX Rolls Out Stock Trading to US Customers

boss

Popular cryptocurrency exchange FTX is expanding into the arena of traditional investing for retail customers in the United States. In a new post, FTX US president Brett Harrison informs his 50,900 Twitter followers about the platform’s new feature which allows users in all 50 US states plus Puerto Rico and the Virgin Islands to buy and sell stocks as well as exchange-traded funds (ETFs). “FTX Stocks is now live for US users! Residents of all 50 states (yes, including NY!) as well as PR and USVI can sign up. Trade…

Schwab Asset Management to List Crypto ETF on New York Stock Exchange

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Crypto Exchange Zipmex Files for Bankruptcy Protection in Singapore

boss

Zipmex, a cryptocurrency exchange focused on Southeast Asia, has filed for  bankruptcy  Bankruptcy Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it is described as a voluntary bankruptcy, and when your debtors force you into bankruptcy, it is referred to as involuntary. A voluntary bankruptcy occurs when the debtor or borrower, the party that owes the money files with the courts. Involuntary bankruptcy happens when your credits file…

Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report

boss

Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran. The US has imposed restrictions on activities with Iran following the hostage crisis at the American embassy in Tehran in 1979. As a result, US-based businesses are not allowed to buy or sell goods to anyone in the Middle Eastern country. Kraken is reportedly suspected of violating this sanction. Citing unnamed people affiliated with the exchange or who are familiar with the matter, The New York Times reports that the Treasury Department’s Office of…

After weeks of rumors, Thai crypto exchange Zipmex files for debt relief in Singapore

boss

In a document dated Wednesday, July 27, Thai cryptocurrency exchange Zipmex said that its solicitors in Singapore, Morgan Lewis Stamford LLC, filed five moratorium applications, or legal authorization to debtors to postpone payment, under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of the company. Zipmex seeks to protect itself against third party actions, claims, and proceedings for a period of six months while the filing is active. The announcement came just one week after its CEO and co-founder Marcus Lim publicly denied the firm was facing…