Category: Exchanges

Cathie Wood’s Ark Invest Sells 174,611 Coinbase Shares Amid 85% Wipeout in the Crypto Exchange’s Stock Price

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Veteran hedge fund manager Cathie Wood’s ARK Invest is cutting its stake in the shares of Coinbase crypto exchange. An update on a website tracking the holdings of ARKW, ARK Invest’s innovation-focused fund, reveals that the investment firm offloaded approximately 174,611 shares of Coinbase on July 26th. ARKW is an exchange-traded fund (ETF) focused on companies in fields such as blockchain technology, big data, Internet of Things, fintech, and cloud computing. ARK Invest now holds 1.3 million shares of Coinbase, down from the 1.5 million shares that it held in…

Mysterious Crypto Whales Accumulating Polygon and $271,000,000 Worth of Ethereum-Based Exchange Altcoin

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Several of Ethereum’s biggest whales are loading their bags in a major way as the markets try to stabilize after a rocky week of trading. According to the transaction aggregator WhaleStats, a number of cryptocurrency wallets with the root name of “BlueWhale” have been splurging hundreds of millions of dollars on discounted altcoins. The wallet with the handle BlueWhale0117 spent $4.2 million to acquire 5,192,453 tokens of the layer-2 scaling solution Polygon (MATIC). BlueWhale0117 is currently ranked #79 among rich whales, with a wallet currently worth more than $160 million.…

Crypto Exchange OSL Will Sell Security Tokens to Professional Investors

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Moscow Exchange to Suspend JPY Trading Due to Settlement Risks

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Russia’s Moscow Exchange (MOEX) announced on Monday that it will suspend trading in Japanese yen on the currency markets, effective from August 8, 2022. It cited potential risks and difficulties in the Japanese yen  settlement  Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process…

Exchange Data International and Finalto Partner to Face the Demand in Multi-Asset Trading

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Exchange Data International (ED), a leading provider of global security corporate actions, pricing, and reference data services, and Finalto have teamed up to allow EDI’s clients to better access Finalto’s innovative multi-asset trading service. Finalto has a large client base encompassing a wide variety of market participants, actively trading across multiple financial Instruments, allowing us to provide a unique insight into multi-asset trading behaviour and market activity via its extensive data sets. The unique execution data derived from our trading clients can be consumed by all types of financial institutions…

LBank Exchange Will List Cryptostone (CPS) on July 25, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list Cryptostone (CPS) on July 25, 2022. For all users of LBank Exchange, the CPS/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on July 25, 2022. Aiming towards decentralization, equity and balance, Cryptostone (CPS) builds an innovative, fully anonymous and no KYC blockchain financial ecosystem, which consists of crypto payment gateway, centralized crypto exchange, ICO launchpad, decentralized crypto exchange, decentralized worldwide stock market, wallet, public blockchain…

Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities – Regulation Bitcoin News

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Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company’s chief legal officer stressed: “Coinbase does not list securities. End of story.” Coinbase Insists It Does Not List Crypto Asset Securities The U.S. Securities and Exchange Commission (SEC) alleged that cryptocurrency exchange Coinbase listed nine crypto asset securities in a complaint filed Thursday. The securities regulator charged a former Coinbase employee with “violating the antifraud provisions of the securities laws”…

This Decentralized Exchange Is Now Competing With Curve (CRV) To Be DeFi’s Top DEX: Analytics Firm IntoTheBlock

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IntoTheBlock says one decentralized exchange (DEX) is now competing with Curve’s (CRV) dominance over the decentralized finance (DeFi) space. IntoTheBlock reports that Uniswap’s (UNI) total value locked (TVL) briefly surpassed Curve’s this week. Curve had been the top DEX in terms of TVL for more than a year, according to the analytics firm. Source: IntoTheBlock The TVL of a blockchain represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. IntoTheBlock…

FTX Attempting To Purchase South Korea’s Second-Largest Crypto Exchange: Report

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A new report claims an FTX deal to buy the South Korean crypto exchange Bithumb is currently in “advance talks.” According to a new report from Bloomberg, a person familiar with the matter says the two exchanges have been working on the deal for months. Bithumb is South Korea’s second-largest crypto exchange, according to Statista. The exchange’s offices were raided earlier this week by South Korean prosecutors investigating the collapse of Terra (LUNA) and its stablecoin TerraUSD (UST), according to the Seoul-based Yonhap News Agency. Bloomberg also reports that FTX…

Traders Withdraw $3.6 Billion in Ethereum From Crypto Exchanges in 17 Days – Bitcoin News

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The pencilled-in preliminary date for The Merge, revealed by the Ethereum developer Superphiz, is less than two months away and the announcement seemingly caused a number of developments to happen. First off, the network’s native token ether saw a significant spike in value and secondly, Ethereum’s hashrate has dropped 18.21% since June 30. Data also shows that the number of ethereum stored on exchanges has seen a massive drop, as roughly 25.13 million ether was once held on exchanges on July 5, and today there’s only 22.77 million worth close…