Category: Exchanges

Crypto Exchange Kraken Says Decentraland, The Sandbox and Metaverse Sector Far Outperforming Market Year-on-Year

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A leading crypto exchange says metaverse tokens are significantly outperforming the rest of the digital assets markets in year-over-year (YoY) returns. In Kraken Intelligence’s new May 2022 market recap and outlook, the exchange giant finds coins such as Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), ApeCoin (APE), and STEPN (GMT) are outperforming the rest of the crypto markets. “When looking at 1Y performance, the Metaverse sector has significantly outperformed the market YoY with a return of +395%. This includes assets such as Decentraland (MANA), Sandbox (SAND), Axie Infinity (AXS), Apecoin (APE), and STEPN (GMT).” Source: Kraken Intelligence Despite outperforming the rest…

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

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Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London. Matt Clinch | CNBC LONDON — A second U.S. firm has sued the London Metal Exchange for $15.3 million over canceled nickel trades in March. Jane Street Global Trading filed a judicial review claim in the English High Court on Monday, a memo from LME-owner Hong Kong Exchanges and Clearing (HKEX) confirmed. The filing from the U.S. market maker comes just days after hedge fund Elliott Associates filed a suit for…

‘Bitcoin-thematic’ ETF lists on Italian stock exchange Borsa Italiana

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The Italian Stock Exchange, Borsa Italiana, this morning listed a “Bitcoin (BTC)-thematic” exchange-traded fund (ETF) by Melanion Capital, bringing Bitcoin exposure to Italian institutions and retirement plans. Cyril Sabbagh, managing director at Melanion Capital told Cointelegraph, “the Melanion BTC Equities Universe UCITS ETF is an equity ETF around stocks in the crypto ecosystem.” Sabbagh explained that the ETF would be “accessible to as many people as possible.” “The Italian Stock Exchange (Borsa Italiana) has not accepted any ‘spot ETFs’ but welcomes our thematic ETF!” Following the successful launch of a…

Maiar decentralized crypto exchange goes offline after bug discovery

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The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD). Minutes before 12:00 am UTC on Monday, the co-founder and CEO of Elrond, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized cryptocurrency exchange. Soon after, the DEX was taken offline, with Mincu reporting that the issue had been identified and an “emergency fix” was being implemented. In…

Binance Seeks to ‘Work Closely’ with Malaysian Crypto Exchanges

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Binance, a major cryptocurrency exchange, said that it looks forward to working closely with Malaysian crypto exchanges to strengthen awareness among users of the industry. According to the New Straits Times, the announcement was made by Changpeng Zhao, Binance’s co-founder and CEO, at MX Global’s ‘Crypto Market Trends and Future Opportunities’ hosted in the Putrajaya Marriott Hotel and attended by about 250 guests. ‘CZ’ commented that among the crypto exchanges include MX Global Sdn Bhd. Representatives from the Securities Commission (SC), Bursa Malaysia, and corporate Malaysia attended the event. “What…

Biggest Ethereum Whales Load Up on One Exchange Token and Three Decentralized Finance Altcoins: On-Chain Data

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Ethereum’s richest bagholders are currently loading up on one exchange token, plus three other altcoins in the decentralized finance (DeFi) sector. According to data from blockchain tracking service WhaleStats, the top 100 Ethereum whales have their eye on WOO, the utility token that powers WOO Network, a decentralized exchange (DEX) that aims to provide deep liquidity and super-efficient order execution. At time of writing, WOO is the most purchased altcoin amongst Ethereum’s 100 biggest whales within the last 24 hours, excluding stablecoins. Behind WOO network, Ethereum’s biggest whales are accumulating…

US Markets Regulator Sues Crypto Exchange Gemini Over Alleged Violations Regarding Bitcoin (BTC) Futures Product

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The Commodities Futures Trading Commission (CTFC) is bringing charges against the Gemini crypto exchange, alleging employees made false and incomplete statements to the agency. In a new press release, the CFTC announced it has filed a complaint against the Gemini Trust Company in the State of New York in connection with the 2017 evaluation period of the company’s proposed Bitcoin (BTC) futures contract product. In claiming Gemini made false statements and omissions, the CFTC “seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an…