Category: Exchanges

SEC adds to cryptocurrency regulation staff

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Gary Gensler Simon Dawson | Bloomberg | Getty Images The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets. The regulator’s Crypto Assets and Cyber team, a unit of the SEC’s broader Enforcement division, will increase its head count by 20 for a total of 50 dedicated positions. Wall Street’s top law enforcer said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts. Both SEC Chair Gary Gensler and Enforcement Director Gurbir Grewal applauded…

Cboe Completes Acquisition of Crypto Exchange ErisX

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Cboe Global Markets (Cboe: CBOE), which operates a major derivatives exchange in the US, announced on Monday the completion of the acquisition of Eris Digital Holdings (ErisX), a Chicago-based crypto exchange. Both the companies agreed to the deal last October. The  acquisition  Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can…

SIX Swiss Exchange Posts a 30% Decline in Trading Turnover for April

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SIX Swiss  Exchange  Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to…

Vienna Stock Exchange Adopts New Market Maker Model

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The Wiener Börse AG, operator of the Vienna Stock Exchange, says it is introducing the Best Bid and Offer market maker (BBO market marker) to its exchange. This is as the exchange disclosed that a new market making model comes into effect on its trading platform on Monday. With the new model, the previous specialist model, which supplemented the market market system, will now be replaced. The BBO market maker will be added to the top segment prime market, the exchange operator said. Keep Reading Wiener also disclosed that three…

Japanese Derivatives Exchanges See Monthly Trading Volume Decline in April

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Two of the top Japanese trading market operators, Japan Exchange Group and Tokyo Financial Group, published the trading metrics for April 2022. Both of them reported a decline in monthly trading volume, but the figures significantly strengthened year-over-year. Japan Exchange Group, which operates a major  stock exchange  Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can…

The Ultimate UK Cryptocurrency Tax Guide 2022

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With being an almost brand new asset class compared to most, cryptocurrencies quickly crept onto HMRC’s radar in need of taxation advice as the total market cap of all cryptocurrencies exceeded one trillion USD. HMRC did not decide to implement a specific cryptocurrency tax, deciding instead to split cryptocurrency income and cryptocurrency capital gains, which we will review later in the guide. Any asset HMRC deemed a capital asset, will be taxed using capital gain at the date of disposal. Capital gains tax is directly linked to the taxpayer bracket…

Banking on Bitcoin as Goldman Sachs Offers First Loan on Cryptocurrency

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Goldman Sachs offers Bitcoin-collateralized loan as more Wall Street heavyweights get in on cryptocurrencies.  Financial institutions are finding the cryptocurrency sector too lucrative to ignore and the list of Wall Street firms throwing their hat in the ring is growing.  It’s something that’s been available for the longest time in the cryptocurrency world – a loan backed by Bitcoin. Whether it’s been through decentralized exchanges, where loans are completely managed by smart contracts and overcollateralized because of the absence of counterparty identification or credit checks, or through centralized exchanges which…

Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance

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A low-cap altcoin built on the Stellar (XLM) blockchain is rallying after receiving surprise support from Binance. In a new announcement, the global crypto exchange says that privacy-focused MobileCoin (MOB) will begin trading on its platform. According to the project’s website, “MobileCoin is a security-focused cryptocurrency that addresses four fundamental issues: security, transaction speed, energy consumption and optimization for mobile devices.” MobileCoin specializes in payments across messaging apps, where only the sender and receiver have access to each transaction’s data. A desktop version is also available. The project bills itself…

Belgian financial regulator FSMA to regulate crypto exchange services

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A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline. Starting tomorrow, May 1, legal individuals and entities that wish to provide crypto exchange services or custodial wallets in Belgium will have to register in advance, according to the information released by the FSMA. As from 1 May 2022, providers of exchange services between #virtual #currencies and legal currencies, or custody #wallet services will have to…

Crypto Exchange Giant Coinbase Offers Custody Support for Six Little-Known Altcoins, Including Four DeFi Tokens

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Coinbase continues to expand its crypto footprint by extending custodial services support to half a dozen altcoins, including four decentralized finance (DeFi) tokens. In a new announcement, the US-based cryptocurrency exchange says it’s adding six new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $BFC, $C98, $DODO, $MTL, $PROM and $REEFDetails here ? https://t.co/HtybLZye3z pic.twitter.com/ZnmLXncD9N — Coinbase Assets (@CoinbaseAssets) April 28, 2022 Coinbase Custody is a custodial service for institutional investors with big…