Vladimir Potanin, Russia’s second richest man, and an investor of Atomyze platform for the digitization of physical assets so that users can source, trade and track commodities, said on Monday that tokens and digital ruble initiatives could replace the use of private cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The…
Category: Exchanges
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says – Bitcoin News
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges, Sanctions Monitors Say Hackers controlled by the Democratic People’s Republic of Korea (DPRK) have continued to target financial institutions and crypto platforms such as exchanges, Reuters reported citing a confidential U.N. report. Its annual edition, produced by independent sanctions monitors and submitted to the Security…
The U.S. SEC’s Covert Cryptocurrency Regulations
U.S. Securities and Exchange Commission releases an unrelated plan that could make it easier for the agency to encroach on the cryptocurrency sector, whether through stablecoins or decentralized finance Generous wording of the proposed regulatory plan gives the SEC quasi-legislative powers in bringing aspects of the cryptocurrency sector under its purview Last week, the U.S. Securities and Exchange Commission issued a 654-page plan aimed at regulating “Treasury market platforms” that most in the cryptocurrency space would have glossed over. But so-called “Crypto Mom” Hester Pierce, the lone Republican on…
Top Crypto Exchange Coinbase Rolls Out Full Retail Support for Three Low-Cap Altcoins
Top US crypto exchange Coinbase is launching full retail support for a trio of low-cap altcoins. Aventus (AVT), Render Token (RNDR) and Quantstamp (QSP) are now live on Coinbase.com and the exchange’s mobile apps, according to a new tweet from the company. Coinbase Pro listed the three assets earlier this week. Quantstamp is a security-auditing protocol for smart contracts, offering a bug bounty system and automated software testing. The project’s native token, QSP is trading at $0.07 at time of writing and is up nearly 88% in the past week.…
Net Profit of Singapore Exchange Reaches S$222 Million in H1 FY2022
Singapore Exchange (SGX) today reported its financial numbers for the first half of the fiscal year 2022 (H1 FY2022). For the reported period, the exchange saw a net profit of S$222 million. Total revenue for H1 FY2022 came in at S$521.6 million. The revenue from the underlying core businesses of SGX climbed 6% to S$501.0 million. SGX witnessed a decent spike in trading and clearing revenues from equity, currency, and commodity derivatives. A jump of approximately 20% was reported in the revenue of BidFX and Scientific Beta, the fast-growing subsidiaries…
Solana Fix Demonstrates Self-Resilience of the Cryptocurrency Space
Wall Street market maker Jump Trading Group ponies up to make whole the losses from the US$320 million hack of Wormhole, a “bridge” that facilitates blockchain interoperability Fix demonstrates the commitment to the cryptocurrency space from market makers like Jump Trading Group, who want to ensure that they are at the crossroads of value and infrastructure in a new market paradigm Hacks are unfortunately all too common in the world of cryptocurrencies. From unknowable smart contract vulnerabilities to exchange hacks, the cryptocurrency world has grown accustomed to the regularity…
Bitcoin Exchange Balance Decreases, Price Jumps
With outflows of approximately 43,000 Bitcoin in the last 10 weeks, BTC exchange supply has decreased to a record low level. Cryptocurrency exchanges now hold nearly 13.2% of the current BTC supply. On 10 November 2021, when the price of the digital asset touched an all-time high of $69,000, crypto exchanges were holding around 13.6% of the BTC supply. The latest number indicates that crypto whales have accelerated the movement of Bitcoin from trading platforms to digital wallets. “Bitcoin exchange balances have drawn down to multi-year lows, with a total…
Stocktwits Opens Cryptocurrency Trading Services to Its Customers
Stocktwits, a social 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 clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts…
Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report – Exchanges Bitcoin News
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the world’s largest digital assets exchanges, interviewed by Kommersant, are not objecting to a potential requirement to establish permanent presence in Russia in order to continue to offer services to its citizens. The idea…
Crypto.com Has Appointed Giuseppe Giuliani as Its Managing Director of the Exchange
Crypto.com announced that it has appointed Giuseppe Giuliani to be its new Managing Director, effective from January 2022. According to a press release shared with Finance Magnates, Giuseppe Giuliani, an executive in the fintech industry with more than seventeen years of experience, has been named by Crypto.com, the digital asset firm, as the new Managing Director of the Crypto.com Exchange. Giuliani brings seventeen years of experience to the role, with extensive experience in both legacy finance and cryptocurrency to the company. He plans to focus on the ongoing growth of…