Category: Exchanges

Australian Futures Exchange FEX Global Gains CFTC Registration

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The Commodity Futures Trading Commission (CFTC) announced on Thursday that it has issued a registration order to futures exchange, FEX Global Pty Ltd (FGL), which is licensed by Australia’s Foreign Board of Trade (FBOT). The company is now allowed to operate markets in energy, commodity, and environmental derivative products. FGL is supervised by the Australian Securities and Investments Commission (ASIC) and is subject to the Reserve Bank of Australia’s oversight of financial system stability. The platform first submitted its application for the CFTC’s approval in August 2021. The order has…

Deputy U.S. Treasury Secretary Issues Stark Warning To Crypto Exchanges Who Don’t Follow Russian Sanctions

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A top-ranking U.S. official is issuing a warning to crypto exchange platforms that fail to comply with the sanctions placed on Russia. In a new interview with CNBC, Deputy U.S. Treasury Secretary Wally Adeyemo says that while Russia hasn’t yet had much success evading sanctions, US officials are on the lookout for entities who attempt to aid the country in doing so. “We’ve been paying a lot of attention to sanction evasion…Any company, country, individual who helps Russia evade our sanctions will be subject to our laws and be held…

Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency – Mining Bitcoin News

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In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of 627 people involved in crypto mining activities using stolen electrical power, the country’s Bernama news agency revealed. During the same period, law enforcement officials also seized mining hardware worth 69.8 million Malaysian ringgit ($16.6 million),…

Why Do Investors Choose Cryptocurrency?

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For more than a decade, Bitcoin spent its time in the shadows of the Internet, growing from a dark web currency and mysterious tech experiment to a massive monetary network worth close to $1 trillion. With so much capital behind the top ranked cryptocurrency, it is clear investors continue to pile into the coin that has provided past buyers with unprecedented ROI. But why exactly do investors and ordinary people buy Bitcoin beyond the potential returns? What are the advantages it offers beyond profits that have so many ready to…

Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report

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A high-ranking Russian official says that the nation is considering accepting Bitcoin (BTC) as payment for its fuel exports. According to a new report by the BBC, Zavalny, who is the Chairman of Russia’s Energy Committee, says that nations that are considered “friendly” toward Russia can pay for oil and gas using their own currencies. Zavalny adds that friendly nations such as China and Turkey can also opt to pay in Bitcoin. “We have been proposing to China for a long time to switch to settlements in national currencies for…

Wombat Exchange Raises $5.25 Million in Series A Funding Led by Animoca Brands and Hailstone Ventures

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March 28, 2022 – Hong Kong, Hong Kong Wombat Exchange, a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Series A funding round led by Animoca Brands and Hailstone Ventures. Additional investors in the round included BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital and CryptoWesearch. With this latest round of funding, Wombat’s valuation has increased to $70 million since its seed round investment led by Binance Labs in November 2021. Capital from this round will accelerate Wombat’s product development and…

Avoid Making 10 Cryptocurrency Investment Mistakes to Gain Profit

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People are interested in the crypto market and beginning their online ventures now. Q4 2021 volumes have gone up or down and how much? Unfortunately, many of them enter the industry with little or no awareness of its operation. This has resulted in several common errors and much more significant losses. You can evaluate which decisions are the best to make at any given time by understanding how cryptocurrencies and markets work. You also reduce the danger of losing your investment and making a loss by doing so. Some of…

Japan plans to tighten crypto exchange regulation to enforce sanctions

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Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets. Chief Cabinet Secretary Hirokazu Matsuno in a press conference said that the government is planning to introduce a bill to revise the Foreign exchange laws to include crypto exchanges. Fumio Kishida, the newly elected prime minister of the country, also supported the proposed revision…

Coinbase Is in Talks to Acquire Brazilian Crypto Exchange Operator 2TM

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Coinbase (Nasdaq: COIN) is in talks to acquire 2TM, which is the operator of the top Brazilian crypto  trading platform  Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides…

Crypto Exchange Token Showing ‘Astonishing’ Growth On-Chain: Analytics Firm Santiment

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Blockchain analytics firm Santiment says the native token of a decentralized crypto exchange is signaling massive fundamental strength behind the scenes. According to the firm, on-chain data is showing astonishing growth for DYDX, the native token for the decentralized trading platform of the same name. Santiment says there has been an anomalous explosion in active addresses for DYDX, which could be hinting at a new bull run. “The last spike seems quite unusual indeed for a stagnant price. Bullish divergence?” Source: Santiment The firm also says that DYDX’s Network Growth…