Category: Exchanges

Digital Assets Exchange Crypto.com Lists Three Little-Known Altcoins

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Singapore-based digital asset exchange Crypto.com is continuing its listing spree and has rolled out support for three more low-cap altcoins. The exchange announces the listing of EPX, the native token for Ellipsis, a low-slippage stablecoin swapping platform built on the BNB Chain. The project launched its 2.0 version in April, which introduced various updates to Ellipsis’ tokenomics. EPX is trading at $0.00103 at time of writing and is up more than 25% in the past 24 hours, according to CoinGecko. On Friday, Crypto.com rolled out support for LOKA, the native…

Cryptocurrency Hodlers May Grow Fatigued & Capitulate

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Blockchain data suggests that over half of all anonymous private Bitcoin wallets are under water in terms of dollar price performance.  Institutional investors who bought at a high may be under pressure to pare back holdings or rationalize portfolios. Data from Bequant suggests that more than half of all anonymous Bitcoin addresses are holding onto losing positions in the world’s largest cryptocurrency by market cap. According to Bequant, a digital asset firm, 51% of anonymous Bitcoin addresses bought the cryptocurrency at a price well above current levels and “points to…

Anchorage forms custody network with five crypto exchanges

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Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults.  In an announcement, the custodian mentioned that it has partnered with Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. According to Anchorage, this will provide institutions with direct access to a wide range of trading pairs. The custody firm also noted that the formation of the custody network allows institutions like Registered Investment Advisors to meet their obligations to their clients in…

Mad Money’s Jim Cramer Offers Advice on Cryptocurrency Investing – Featured Bitcoin News

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The host of Mad Money, Jim Cramer, has some advice for cryptocurrency investors. “I would never discourage you from buying crypto,” he said, adding that he himself owns ethereum. Jim Cramer’s Advice on Crypto Investing Jim Cramer, the host of Mad Money, gave some advice regarding cryptocurrency investing on CNBC Make It Wednesday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. “I think crypto should be part of a person’s diversified portfolio,” he began, elaborating: I can’t tell you not to own…

Top Crypto Exchange Coinbase Extends Altcoin Listing Spree, Supporting Two Ethereum-Based Altcoins

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A pair of altcoins decentralized finance (DeFi) altcoins are joining top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Index Cooperative (INDEX) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Coinbase will add support for Wrapped Ampleforth (WAMPL) and Index Cooperative (INDEX) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. pic.twitter.com/HmHdINAGIg — Coinbase Assets (@CoinbaseAssets) June 8, 2022 Index Cooperative seeks to create user-friendly and profitable…

Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges – Regulation Bitcoin News

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The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world. Colombia Gets on the Crypto Regulation Road More and more countries in Latam are realizing the growth and influence crypto and crypto-related…

Paypal Upgrades Crypto Service — Now Lets Users Transfer Cryptocurrencies to Other Wallets, Exchanges – Featured Bitcoin News

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Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal revealed. Paypal Now Supports External Wallet Transfers Payments giant Paypal finally allows users to transfer cryptocurrencies in and out of its platform. The company announced Tuesday: We are thrilled to announce that starting today, Paypal supports the native transfer of cryptocurrencies between Paypal and other wallets and exchanges.…

Market Making Giant Citadel Throws its Hat into the Cryptocurrency Circus

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Market maker Citadel Securities, made famous by the meme stock craze of 2021, announces that it’s working with Virtu Financial, Fidelity Investments and Charles Schwab to develop a retail-focused cryptocurrency offering.  Platform could rival existing unregulated cryptocurrency forums, especially as institutional players have already been burned by the vagaries and idiosyncrasies of the cryptocurrency markets. While the current bear market in cryptocurrencies may be demoralizing for investors, especially those who got in towards the top of the cycle, there are signs that the sector is here to stay as more…

Crypto Exchange Gemini Hit With Lawsuit for Alleged Negligence Over $36,000,000 in Customer Funds

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A retirement account trust company is suing the crypto exchange Gemini for failing to have the “proper safeguards in place” to protect its customers’ assets. IRA Financial Trust alleges hackers stole $36 million in crypto assets belonging to their customers’ retirement accounts which were reportedly in Gemini’s custody. The South Dakota-based trust company has pledged to use proceeds from the lawsuit to reimburse the impacted customers. The firm claims Gemini’s Application Programming Interface (API) had a single point of failure, and that the exchange’s system had a “sweeping vulnerability that…

PayPal to Allow Exchange of Cryptos with External Wallets

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On Tuesday, PayPal (Nasdaq: PYPL), a major global  payments  Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the…