Category: Exchanges

Shiba Inu – key things to know about the cryptocurrency

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Looking to trade Shiba Inu but don’t know where to start? Heard of it and want to find out more? In the world of crypto, it can be a minefield of technical jargon, with confusing abbreviations being given to the various digital currencies out there. In this article, we will take an in-depth look at the cryptocurrency, including all the key things to know about the token, which takes its name from a Japanese breed of dog originating in the Chūbu region. The History of Shiba Inu Shiba Inu (SHIB)…

Cryptocurrency Assets See Recovery, Short Liquidations Increase

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The cryptocurrency market added almost $100 billion to its market cap on Wednesday after Bitcoin jumped above $42,000 for the first time since 4 March. In a major recovery, altcoins also saw substantial gains. Q4 2021 volumes have gone up or down and how much? The price jump in cryptocurrency Terra (LUNA) was the most notable one after the digital asset reached $99, its highest level since December 2021. With a daily spike of approximately 20%, LUNA remained the best-performing cryptocurrency among the top 10. After last week’s price dump,…

How to navigate cryptocurrency tax implications amidst the CPA shortage

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Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider –– that is, crypto taxes. It is not uncommon for traders to take advantage of the constant fluctuations, buy the dip, sell the uptrend, and repeat it frequently. Unfortunately, each transaction is considered a taxable event, making the conversation about cryptocurrency taxes a daunting one. The impending crackdown…

Coinbase Chief Legal Officer Unveils Crypto Exchange’s Plan for Complying With Sanctions Against Russia

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Coinbase chief legal officer Paul Grewal is outlining the cryptocurrency exchange’s approach to sanctions in the wake of Russia’s invasion of Ukraine. In a blog post, Grewal says the exchange giant intends to fully comply with the sanctions imposed on Russia following last month’s invasion. According to Grewal, the cryptocurrency exchange takes proactive steps to detect attempts at evading sanctions and anticipating emerging threats on top of blocking sanctioned entities. Grewal says that preventing sanctioned entities from using the crypto exchange partly occurs during the account registration phase. “To open…

BTC Exchange Balance Shrinks, Outflows Rise

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In the past two years, BTC has seen a sharp surge in its price. One of the major reasons behind the spike was its record demand driven by limited supply on leading exchanges. In its recent on-chain analysis report, Glassnode mentioned that Huobi, Gemini, Kraken and Bithumb have witnessed a dip in BTC supply during the last few months. Q4 2021 volumes have gone up or down and how much? There were some exceptions as well. Binance, Bittrex, FTX and Bitfinex have witnessed a jump in BTC balance since March…

Crypto Exchange Binance To Launch New Payments Technology Platform

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Leading cryptocurrency exchange Binance is announcing the launch of a new payments technology company called Bifinity. According to a new announcement, Bifinity will also serve as Binance’s official fiat-to-crypto payments provider. Bifinity has a strategic partnership with EQONEX Limited, the first digital asset firm with an exchange to be publicly listed in the US. “Under the terms of the strategic partnership, Bifinity will advance a US$36 million convertible loan to EQONEX and will work together to maximize business synergies created by this new strategic relationship and capitalize on opportunities to cooperate…

24 Exchange Secures $7 Million, Eyes to Expand Offerings

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Dmitri Galinov’s over-the-counter (OTC) platform, 24 Exchange, announced on Monday that the platform has closed a fresh funding round, raising $7.025 million. Big names like Morgan Creek Digital, Aspire Financial and Blackwells Capital LLC led the funding round and several other individual investors also participated. The latest funding came after the company raised $14.25 million last August in a Point72 Ventures-led round. The Bermuda-based company detailed that the fresh proceeds will be utilized to expand its offerings, primarily by adding cryptocurrencies and  equities  Equities Equities can be characterized as stocks…

Coinbase CEO Brian Armstrong Says Crypto Exchange Won’t Ban All Russian Investors – But There’s a Catch

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Coinbase’s chief executive says that the leading US-based crypto exchange platform doesn’t have plans to ban all of its Russian users, but the statement comes with one caveat. CEO and billionaire Brian Armstrong tells his one million Twitter followers in a lengthy thread that Coinbase is not looking to impose an outright ban on Russian users. “We are not preemptively banning all Russians from using Coinbase. We believe everyone deserves access to basic financial services.” However, Armstrong highlights that the crypto exchange’s stance can change at a moment’s notice. According…

LBank Exchange Will List Apollo Inu (APOLLO) on March 9, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, March. 5, 2022 – LBank Exchange, a global digital asset trading platform, will list Apollo Inu (APOLLO) on March 9, 2022. For all users of LBank Exchange, the APOLLO/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 9, 2022. There are many content creators such as painters, photographers, musicians and tik-tok’ers don’t have time, money or access to opportunities to make a career out of their creative passion. To address this issue, Apollo Inu (APOLLO) is building communities…