Category: Exchanges

Crypto exchange FTX to buy Japanese rival Liquid

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Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021. Stefani Reynolds | Bloomberg | Getty Images FTX, the cryptocurrency exchange owned by billionaire Sam Bankman-Fried, is buying Japanese rival Liquid for an undisclosed sum. The company said Wednesday it had entered into an agreement to acquire Liquid and all its operating subsidiaries, including Quoine Corporation and its Singapore-based unit. Quoine was one of the first crypto exchanges to obtain registration with Japan’s…

Major crypto exchanges eye Asian market amid growing regulatory clarity

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Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region.  Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia and Thailand. The growing interest in global crypto exchanges in Asia could be attributed to the crypto craze in the region, despite regulatory uncertainty in several countries. The Asia-Pacific region…

WhiteBIT Crypto Exchange Enters Metaverse via TCG World

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You have probably already noticed how the metaverse is getting more and more popular every day, accelerated by Facebook’s strategic move to rebrand to Meta and develop their own metaverse. We are entering into a generational shift, people are buying virtual land for large sums of money, and big brands such as Nike & Adidas are on their way to developing virtual spaces in blockchain based games such as The Sandbox and Decentraland. TCG World, a metaverse project in which everything that the player owns exists on the blockchain, recently…

Over $1,570,000,000 Worth of Bitcoin Moved off Crypto Exchanges in Just Seven Days: Insights Firm Santiment

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Crypto analytics firm Santiment says that Bitcoin (BTC) is flying off exchanges at its fastest rate in more than four months, a potentially bullish indicator for the top crypto asset. The crypto insights firm notes in a new tweet that 40,785 BTC, worth over $1,570,000,000 at time of writing, moved off exchanges in the past week, marking the highest weekly outflow total since mid-September. “The continued trend of coins moving to cold wallets is historically good for long-term price movements.” BTC is trading at $38,702.68 at time of writing, up…

FTX Buys Crypto Exchange Liquid Group for Expansion in Japan

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

AstroPay Enhances Presence in Cryptocurrency Market

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One of the fastest-growing financial services providers, AstroPay announced today that it has expanded its presence in the financial world with the introduction of several crypto offerings. Now, users of AstroPay have the option to buy and sell digital currencies on its platform. AstroPay has been in the online payment ecosystem for several years. The company has witnessed a surge in demand for its products during the last few years. Regarding the launch of its crypto services, AstroPay is planning to facilitate its users through a broad range of product…

VanEck launches its first multi-token cryptocurrency fund

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On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds, and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss Exchanges with exposure to Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Tron, Avalanche (AVAX), and Polygon (MATIC). Gijs Koning, co-head of VanEck Europe, elaborated on why it was important for the firm to facilitate investment in digital currencies:…

Powers On… The Fed endorses cryptocurrency — Kind of – Cointelegraph Magazine

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This month, the Board of Governors of the United States Federal Reserve System issued its widely anticipated report on the nation’s possible use and adoption of digital currencies for its financial system. The document is titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” and true to its name, the paper is transformative. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC.…

Ethereum Whale Splurges $637,000,000 on One Crypto Exchange Token, Making It Top Traded Coin Among ETH Investors

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A large Ethereum (ETH) whale has spent over half a billion dollars to load up on the native asset of a crypto derivatives exchange. New data from whale-surveilling platform WhaleStats shows that the 105th-ranked Ethereum whale purchased 15,720,427 FTX Tokens (FTT) worth $637.14 million in a single transaction. 🐳🐳🐳🐳🐳🐳🐳🐳🐳🐳 An ETH whale just bought 15,720,427 #ftx token ($637,148,906 USD). Ranked #105 on WhaleStats: https://t.co/2do7yJzgy7 Transaction: https://t.co/JVi0s5JWod#FTX Token #ERC20 #DEFI #ETH #whalestats — WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 29, 2022 FTX Token is the utility token of…

SEC Approves BSTX to Operate as Blockchain-Based Securities Exchange

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The U.S.    Securities and Exchange Commission (SEC  Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.What Does the SEC…