Category: Exchanges

Digital Assets Exchange Crypto.com Rolls Out Support for Two Little-Known Altcoins

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Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster which both offer users the ability to earn through active participation. First up is the move-to-earn Step App (FITFI), a Web 3.0 digital fitness protocol that merges exercise, socializing, playing and earning crypto into one. Crypto.com says that FITFI, which stands for Fit Finance, will be available for purchase using a variety of fiat currencies. The project began during the fourth quarter of 2021 and boasted over 113,000 sign-ups in advance of its recent beta launch. As part…

Bipartisan bill to give CFTC authority over exchanges and stablecoins

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A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson and Tom Emmer with support from Democrat co-sponsors Darren Soto and Ro Khanna. The updated version includes a section covering stablecoin providers, who can register as a “fixed-value digital commodity operator.” These operators would be…

World’s Largest Asset Manager BlackRock Launches New Crypto-Focused Exchange-Traded Fund (ETF)

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Investment management behemoth BlackRock is launching a new crypto-focused exchange-traded fund (ETF) that aims to track cutting-edge blockchain firms. According to a recent company announcement, the $10 trillion asset management company is launching the iShares Blockchain and Tech ETF (IBLC), a global fund that would allow investors to gain exposure to emerging technology centered around digital assets. “The iShares Blockchain and Tech ETF seeks to track the investment results of an index composed of US and non-US companies that are involved in the development, innovation, and utilization of blockchain and…

B2Broker is Now Offering Ten More Cryptocurrency Pairs

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The B2Broker team is always looking to expand its offerings in response to customer demand. We’re pleased to announce that we’ve added ten new cryptocurrency pairs to our lineup. The new coins are SUSHI, CRV, ONE, LRC, 1INCH, NEAR, ATOM, XTZ, and AXS. This will give our customers even more options when it comes to trading cryptocurrencies. We’ve increased the liquidity pool for all crypto symbols as a result of this change. This gives our clients tighter spreads and new order book depth. Recent improvements have allowed us to achieve…

Gibraltar unveils new cryptocurrency rules against market manipulation

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The overseas British territory wants to become a global hub for crypto firms. Geography Photos | Universal Images Group | Getty Images Gibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space. The overseas British territory, located on the southern tip of Spain, published an amendment to existing regulations Wednesday requiring firms dealing in bitcoin and other digital currencies to respect the integrity of markets in which they operate. In a guidance note for regulated crypto companies, the…

Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability – News Bitcoin News

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The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind of support behind them — can introduce systemic risks via their adoption by traditional institutions and the lack of regulation over them. Crypto Assets Could Cause Systemic Risks According to the Bank of Spain The Bank of Spain…

Former Jefferies FX brokers launching institutional crypto exchange

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Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors.  Named Crossover Markets Group Inc. the exchange is set to debut in “late summer to early fall” following the closure of a recent seed funding round. The Crossover Markets’ website describes the new exchange as a “digital asset exchange designed to meet the liquidity needs of institutional clients.” We are excited to officially announce the creation of Crossover Markets! More announcements coming soon!https://t.co/2igfAQleaS#Crypto #DigitalAssets #institutional #fx — Crossover Markets (@crossover_mkts) April 26,…

Coinbase Looking To Make $3,000,000,000 Acquisition of Turkish Crypto Exchange: Report

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Leading US cryptocurrency exchange Coinbase is reportedly in talks to purchase BtcTurk, a digital asset trading platform based in Turkey. In a new report, Turkish publication Webrazzi says that Coinbase could purchase BtcTurk at $3.2 billion. The talks are reportedly at an advanced stage, with the two firms having already signed a term sheet. At over $3 billion, the acquisition is about a tenth of the current market value of the US crypto exchange. BtcTurk was started in July of 2013 by Kerem Tibuk, according to business database Crunchbase. Crypto…

Three Executives Join Nasdaq US Exchanges Board of Directors

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Nasdaq, Inc. (Nasdaq: NDAQ) announced on Tuesday that it had appointed three executives to the board of directors of the Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq MRX, LLC, and Nasdaq GEMX, LLC. Take Advantage of the Biggest Financial Event in London. According to the press release, the appointed people were Kathlyn Card Beckles, Chief Legal Officer and Corporate Secretary, Verisk  Analytics  Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain…

A New Crypto Exchange Launched by Former Jefferies Executives

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Brandon Mulvihill and Anthony Mazzarese, former Jefferies Financial Group Inc. executive launched Crossover Markets Group Inc., a crypto exchange for institutional traders. Take Advantage of the Biggest Financial Event in London. The pair teamed up with Vlad Rysin, a former executive at Euronext FX (CTO) for the new crypto exchange. A funding round is expected in late summer or early fall. Institutional appetite for cryptocurrencies has been on the rise since 2020. Professional investors have traded over $1 trillion of cryptocurrencies on Coinbase. In 2020 the volumes were below $130…