Category: Exchanges

Bitcoin Exchange Deposits Hit the Lowest Level in 24 Months

boss

Similar to its price correction, the Bitcoin (BTC) network activity is also hitting multi-year lows amid the latest crypto winter. According to Glassnode’s on-chain data, the total number of exchange deposits (7-day moving average) on 12 July reached 2,013, the lowest level since July 2020. 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. After touching the level of almost 5,100 in May 2021, the total number of BTC exchange deposits plunged by…

Small South Korean Exchanges Feared to Shut Down amid Crypto Sell-Off

boss

Small cryptocurrency exchanges in South Korea have expressed their fears of closing down amid the ongoing strong crypto sell-off across the board. According to The Korea Times, a total of 26 crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are in operation in the country. 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. This year, even major exchanges have seen a decline in transaction volume. In the second quarter of this…

Crypto Exchange OKX Becomes Training Kit Sponsor of Manchester City

boss

Crypto exchange, OKX has extended its partnership with Manchester City Football Club, now becoming its official training kit sponsor for the 2022-23 season. 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. Announced on Monday, the agreement between the two will put the branding of the crypto exchange on the training kits of both men and women teams of Machester City. Further, players will take part in OKX’s crypto education initiatives. “The real…

Two Under-the-Radar Altcoins Listed on Digital Assets Exchange Crypto.com

boss

Singapore-based digital asset exchange Crypto.com is announcing the listing of two under-the-radar altcoins. The crypto exchange is rolling out support for the native token of the AIOZ Network (AIOZ), a layer-1 blockchain-based content streaming delivery platform. Using the AIOZ token as a reward, the project aims to build a network of nodes that provide bandwidth and computational power to continue to store and distribute media content for AIOZ’s ecosystem of decentralized applications. The project’s website says it’s fully interoperable with the Ethereum (ETH) and Cosmos (ATOM) blockchains and can provide instant finality and low transaction…

Top Crypto Exchange Binance Gains New Foothold in Europe

boss

Top crypto exchange by trading volume Binance is securing a new foothold in Europe as it gains access to the fourth largest market in the Eurozone. According to a new press release, the Bank of Spain recently approved Binance’s subsidiary, Moon Tech Spain, as a virtual asset services provider (VASP). Binance can now offer exchange and custody services in the country. Quim Giralt, director of Binance Spain, says the company plans to expand operations extensively throughout the country. “Following this registration, we will significantly expand our team and operations in…

US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report

boss

Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions. According to a Thursday report from the Financial Times, U.S. diplomats requested several of the 31 crypto exchanges licensed to do business in Japan and certain miners to halt operations in Russia. Japan’s financial watchdog, the Financial Services Agency, or FSA reportedly issued demands to the respective exchanges to sever any remaining ties with Russia. 国務省は、「米国は、G20およびその他の国際パートナーとの関与を継続し、ロシアのウクライナ侵攻に起因する人道的課題、とりわけロシアの侵略戦争が世界の食料およびエネルギー安全保障に及ぼす悪影響に対処していく」とツイートしました。 https://t.co/NIzKSzkte4 — アメリカ大使館 (@usembassytokyo) July 8, 2022…

Genesis is Latest Major Cryptocurrency Firm to Admit 3AC Exposure

boss

Insolvency of cryptocurrency hedge fund Three Arrows Capital is winding its way through the liquidation courts of the British Virgin Islands and forcing more counterparties to come forward with admissions of exposure to the hedge fund.  Genesis claims to have mitigated most of its losses from exposure to 3AC, but cross exposure to Babel Finance may make its position more precarious, as evidenced by the need for Genesis parent company Digital Currency Group’s intervention to shore up its subsidiary’s liability position.  Another major cryptocurrency firm has revealed exposure to the…

Exchange español Bit2Me planea duplicar su equipo en 12 meses y realizar tres adquisiciones

boss

La financiación para las nuevas contrataciones y adquisiciones vendrá de dinero de la compañía, incluyendo parte de los €20 millones que levantó a través de un ICO en 2021, dijo Ferreira, quien no descartó la suma de capital por parte de algún socio estratégico. “No es algo que necesitamos o queremos cerrar de inmediato”, dijo, y agregó: “Estamos abiertos a la entrada de un socio estratégico. No nos obsesiona”. Source

Global Top-10 Crypto Exchange Moves Closer to US Entry After Securing FinCEN License

boss

Crypto exchange Huobi says its brokerage subsidiary has received the Money Services Business Registration License (MSB) from the US Financial Crimes Enforcement Network (FinCEN). In a statement, the Seychelles-based crypto exchange says the license will allow HBIT Inc to provide foreign exchange and money transfer services in the US. Authorities require MSB registration to prevent illicit financial activities such as money laundering and terrorist financing. “This is another progress in the compliance process of Huobi Technology, creating a good compliance foundation for the company to carry out digital currency-related business…