Category: Exchanges

US sanctions Russia’s largest darknet market and crypto exchange Garantex

boss

The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex. In a Tuesday announcement, the Treasury Department said it had worked with the Department of Justice, the Federal Bureau of Investigations, the Drug Enforcement Administration, the Internal Revenue Service Criminal Investigation and Homeland Security Investigations to sanction the Russia-based darknet marketplace as well as Garantex. The move from the U.S. government agencies came the same day the German Federal Criminal Police announced it…

FTX US to invest in IEX stock exchange to launch digital securities

boss

Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities, the firm announced to Cointelegraph on Tuesday. IEX and FTX US expect to close the deal in May 2022, subject to customary closing conditions and regulatory approval. The new collaboration aims…

BaFin Launches Investigation against UpbitFx Exchange

boss

The German financial regulator, BaFin, announced on Monday a formal investigation of UpbitFx Exchange ltd. According to the press note, the platform is not authorized to conduct business or provide financial services in Germany. BaFin says it has reason to suspect that the platform is used to provide banking services and financial services without the necessary authorization based on the contents of the website upbitfxexchange.com and information and documents available to BaFin. “In several places on its website, the company claims to be regulated by BaFin. This claim is not…

Intergovernmental Panel on Climate Change calls cryptocurrency CO2 emissions a ‘growing concern’

boss

The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or IPCC, has named crypto among technologies that may require greater energy demands. According to a report released on Monday, the IPCC said cryptocurrencies, as part of the infrastructure around data centers and information technology systems related to blockchain, had the potential to be a “major global source” of carbon dioxide emissions. The group said that estimated CO2 emissions between 2010 and 2019 suggested there was only a 50% probability of…

SIX Swiss Exchange Sees a 29.5% Surge in Trading Turnover for March

boss

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…

Little-Known Altcoin Explodes 207% After Surprise Listing From Crypto Exchange Giant

boss

Crypto exchange giant Crypto.com is expanding its digital asset roster and triggering some major rallies in the process. The exchange just announced its latest listing of three up-and-coming altcoins. First on the list is Alethea Artificial Liquid Intelligence Token (ALI), which skyrocketed 207% on the heels of the announcement. ALI is designed to bring science fiction visuals and concepts to the metaverse through its unique proposition of an intelligent non-fungible token (NFT), referred to as iNFT, which can be trained to upgrade its intelligence level. Last June, the first-ever iNFT…

Binance becomes official crypto exchange partner of 64th Grammy Awards

boss

The Recording Academy, a major music recording company famous for its annual music awards Grammy Awards, has inked a partnership with Binance, the world’s largest crypto exchange by trading volumes. According to a joint announcement on Thursday, Binance became the first-ever official crypto exchange partner of the 64th Annual Grammy Awards and Grammy Week events to bring various Web3 technology solutions and experiences to the organization’s events and projects. The partnership was announced just a few days before the 64th Grammy Awards ceremony, which will take place on April 3…

US$600 million in Stolen Cryptocurrency – Good Luck Spending It 

boss

Given the sheer volume of blockchain protocols, bridges have become a necessary but increasingly vulnerable means by which users can use different cryptocurrencies across different networks. While Axie Infinity’s token did take a hit in the immediate aftermath of discovering the hack, it’s since recovered, with Axie Infinity’s creator Sky Mavis, “fully committed” to reimbursing players who were victims of the hack.   Over US$600 million in cryptocurrency was stolen from the Ronin network, a blockchain closely associated with the popular game Axie Infinity. Although the hack occurred on March…

Bitcoin Exchange Outflows Are Rising

boss

Bitcoin held on to the price level of $47,000 on Thursday despite the pressure of profit-taking. BTC exchange flow, an indicator that highlights the difference between the supply and demand of the world’s leading cryptocurrency on trading platforms, has seen immense volatility in the past few weeks. Yesterday, the difference between Bitcoin exchange outflows and inflows surged substantially. According to Glassnode, a prominent on-chain analytics platform, approximately $2.1 billion worth of BTC moved away from exchanges, compared to the inflows of $1.2 billion. Bitcoin whale movements are playing a major…