Category: Exchanges

Crypto Exchange Executives Rally Behind Ukraine As Donations Continue To Pour Into Embattled Nation

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A host of crypto exchange executives are putting their support behind Ukraine as Russia continues its invasion of the Eastern European nation. Crypto.com CEO Kris Marszalek tells his 146,400 Twitter followers that the Singapore-based digital asset exchange has made a sizeable donation to the Red Cross in support of the embattled country. “Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict. Crypto.com has made a $1 million donation to the Red Cross. We urge our community to do what they can to support humanitarian…

Ukraine government raises over $10 million in cryptocurrency donations

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Ukraine’s President Volodymyr Zelenskyy holds a press conference on Russia’s military operation in Ukraine, on Feb. 25, 2022 in Kyiv. Anadolu Agency | Getty Images Ukraine’s government has raised more than $10 million in cryptocurrency donations, turning to an unlikely crowdfunding method to help it get through a brutal invasion from Russia. The official Twitter account of the Ukrainian government on Saturday posted addresses for two crypto wallets, one accepting only bitcoin and the other taking ether and tether, a token that tracks the value of the U.S. dollar. As…

After Prolific Q4, Coinbase Trading Volume Plummets Amid Lower Crypto Prices, According to Exchange’s CFO

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Top US crypto exchange Coinbase is enduring plummeting trading volume and a decreased number of users in the first quarter of 2022, according to the platform’s CFO. Coinbase chief financial officer Alesia Haas says in a new company earnings call that Q1 of 2022 is “trending softer” than Q4 of 2021. Haas notes that the exchange has seen approximately $200 billion quarter-to-date in trading volume, as well as an average of roughly 10 million retail monthly transacting users (MTUs). That compares to $547 billion in trading volume and 11.4 million…

Bitcoin Rebounds, Cryptocurrency Hits $39,000

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Amid ongoing issues between Russia and Ukraine, Bitcoin took a major hit in the past few days. The digital asset crashed from $40,000 to as low as $34,000 in the last 7 days. However, BTC investors shrugged off global economic uncertainties on 25 February after Bitcoin saw a jump of approximately 10%. Q4 2021 volumes have gone up or down and how much? With the recent spike, Bitcoin touched $39,000 on Friday for the first time since 21 February. The most valuable cryptocurrency added more than $50 billion to its…

Instant Exchange Marketplace Swapzone Introduces Exchange API for US Residents – Press release Bitcoin News

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press release PRESS RELEASE. Swapzone.io, a successful crypto-to-crypto exchange aggregator has just announced a new feature named “fixed-rate exchange” that now is available to U.S. citizens. The new function allows American users and not only to “fix” the amount they exchange, so that nothing can affect the amount the user receives which was shown to him initially. Such exchanges are protected from rate fluctuations and any market changes. Key Details The cryptocurrency market is known for its high levels of volatility, and this aspect might be seen as an advantage…

CoinShares Announces Listing of Staked Polkadot ETP on SIX Swiss Exchange

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With an aim to expand the range of crypto products, CoinShares, Europe’s leading digital asset management firm, announced the listing of the company’s physically-backed Polkadot exchange-traded product (ETP) on Switzerland’s SIX Swiss exchange. Q4 2021 volumes have gone up or down and how much? CoinShares highlighted that the cross-listing of the staked Polkadot will support Europe-based investors through a broad range of digital assets. Under a regulated environment, CoinShares aims to increase its product list. The recent announcement from CoinShares came after the company reported strong financial results for Q4…

Crypto Exchange Giant FTX Launching New Gaming Division, According to Recent Job Posts

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The US subsidiary of a global cryptocurrency exchange is deepening its efforts in the blockchain gaming industry, as newly posted job openings reveal. According to two job announcements, FTX US has software engineering positions open at its FTX Gaming division. The crypto exchange says that in one of the software engineering roles, the successful candidate will work with the crypto exchange’s partner game studios to “improve their current features and implement new ones, as well as working on blockchain integration.” In the second software engineering role, the selected prospect will…

Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems

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When the IRS receives a copy of this 1099-B, it will see that you sold $50,000 of bitcoin on Cryptocurrency Exchange B. However, it will not be able to see that your true capital gains for this transaction were actually only $30,000. It will be up to you to prove your cost basis was indeed $20,000. If you can’t prove it, you could be stuck with a zero-dollar cost basis and face a $50,000 capital gain tax bill. Source