Category: Exchanges

Digital Assets Exchange Crypto.com Rolls Out Support for Two Low-Cap Ethereum-Based Altcoins

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Singapore-based digital asset exchange Crypto.com is rolling out support for another two low-cap altcoins built on Ethereum (ETH). Crypto.com listed the governance token for Unifi Protocol DAO (UNFI), which utilizes decentralized finance (DeFi) to allow staking with a number of digital assets. “Unifi Protocol DAO (UNFI) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).” Rival exchange Coinbase listed the token in January, causing the…

Crypto Exchange Giant Coinbase Adds Three Ethereum (ETH) Altcoins Plus One DeFi Token, Spurring Surprise Rallies

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A privacy-focused scaling solution altcoin is scaling up after joining Coinbase’s roster of crypto assets. In an announcement, Coinbase says Marlin (POND) is now live across its entire platform, including on the iOS and Android apps. News of the Coinbase listing has Marlin surging by 31% to $0.013. POND was trading for as low as $0.007 on Monday. Also joining Coinbase is the decentralized finance (DeFi) protocol StaFi (FIS) which helps unlock the liquidity of staked crypto assets. Utility token FIS can be used to pay network transaction fees, voting…

Cryptocurrency Fund Three Arrows Capital took One Arrow too Many

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Thought to be among the biggest holders of cryptocurrency in the world, the past few days have revealed forced liquidations and margin calls at 3AC, putting downwards pressure on an already embattled cryptocurrency market having to deal with rising interest rates. Many protocols and projects which have raised millions of dollars from venture capitalists and other investors also need to manage their own treasury and instead of leaving their cryptocurrencies lying fallow, are said to have handed it to 3AC for management. A vague tweet by a founder, swirling rumors…

Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks – Exchanges Bitcoin News

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Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop Kazakhstan Into Regional Crypto Hub Regulations allowing crypto exchanges registered at the Astana International Financial Center (AIFC) to be serviced by second-tier banks in Kazakhstan have been adopted by a working group comprised of representatives of the Ministry of Digital Development, the central bank, financial regulators, as well as members of…

Cryptocurrency Post-Fed Relief Rally – SuperCryptoNews

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It is now coming to light that Tether may actually have some real dollars, outside of the commercial paper, Treasuries, precious metals and cryptocurrencies that it uses to back USDT, in a small Bahamas bank called Capital Union. In an interview with the Financial Times earlier this month, Tether’s Chief Technology Officer Paolo Ardoino said that its most liquid reserves, cash deposits, were held at two banks in the Bahamas and it’s been said that Capital Union is one of those banks. Although the U.S. Federal Reserve raised rates by…

Regulations and exchange delistings put future of private cryptocurrencies in doubt

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The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy. In 2022, even though no particular country has come up with a universal regulatory outline that governs the whole crypto market, most countries have introduced some form of legislation to govern a few aspects of the crypto market such as trading and financial services. While different countries have set different rules and regulations in accordance with…

Korean exchanges agree on emergency system in case of Terra-style collapse

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Korea’s leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass. Under the new system, exchanges will convene to respond to sudden adverse market effects, such as what happened with Terra in May. The agreement came after five of the country’s largest crypto exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax attended a session at the National Assembly, South Korea’s legislature to address market fairness on June 13, according to a report from local news outlet Daily…

Cryptocurrency Bloodbath takes Market Cap below US$1 trillion

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Trouble at VC-backed Celsius Network, one of the largest decentralized lenders in the cryptocurrency space, sent prices plunging.  Crisis of confidence has taken the entire cryptocurrency industry below the US$1 trillion market cap. Not so long ago, the market cap for Bitcoin alone was over US$1 trillion, and now the entire coterie of cryptocurrencies can’t even bust a trill. As with so many things in the cryptocurrency sector, what started off as a spark has turned into a raging wildfire and exposed (yet again) some of the systemic weaknesses of…

Former president of the New York Stock Exchange joins Uniswap Labs as an advisor

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On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor. Cunningham served as the first female president of the New York Stock Exchange after beginning her career as a trader on its floor. She said in a statement that she believes in the potential of Uniswap’s commitment to fairer markets.Uniswap is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3. Cunningham has also been listed as one of BBC’s 100 Women,…

Binance CEO Changpeng Zhao Says Exchange Will Launch Big Hiring Spree During Crypto Bear Market: Report

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The world’s largest digital assets exchange is planning a hiring spree as some of its competitors slash jobs during the current crypto market downturn. According to a new report by Fortune, Changpeng Zhao, CEO of Binance, says that the company has secured the resources to hire more employees as well as focus on acquisitions. Zhao’s announcement comes at a time when other prominent crypto firms, such as Coinbase, Gemini, Crypto.com, and BlockFi all announced significant layoffs. “We have a very healthy war chest; we in fact are expanding hiring right…