Category: Exchanges

Crypto Exchange Giant Partnering With LeBron James on Web3 Education Initiative

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NBA superstar LeBron James is teaming up with the Crypto.com exchange to promote the development of Web 3.0 through education. In a new blog post, Crypto.com says it’s partnering with the LeBron James Family Foundation (LJFF) to provide education and access to participants of the non-profit organization’s I Promise program. James says that he wants to ensure people from disadvantaged backgrounds are not left behind as new technologies transform the world at a rapid pace. “Blockchain technology is revolutionizing our economy, sports and entertainment, the art world, and how we…

Bitcoin Worth $670M Leaves Centralized Exchanges After Hawkish Fed Comments

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Outflows do not necessarily imply passive investing and investors often tokenize coins drained from centralized exchanges on the Ethereum blockchain to earn extra yield. The number of wrapped bitcoin (WBTC) has increased by 13,000 this year, extending the year-long rising trend. WBTC is the first ERC20 token backed 1:1 with bitcoin and represents the top cryptocurrency on the Ethereum network. Source

Goldman Sachs’ Blankfein Admits His View on Cryptocurrency Is Evolving — Says Crypto ‘Is Happening’ – Featured Bitcoin News

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Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, says his view on cryptocurrency is evolving. “I look at the crypto, and it is happening,” he added. Goldman Sachs Executive Lloyd Blankfein Says Crypto ‘Is Happening’ Lloyd Blankfein, a former Goldman Sachs CEO who has voiced skepticism about cryptocurrency in the past, said in an interview with CNBC this week that his view on crypto is “evolving.” Blankfein served as Goldman Sachs’ chairman and chief executive officer from 2006 through September 2018, and remained chairman…

Crypto Exchange Gemini Affiliate Gains FINRA Broker-Dealer License

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Gemini Galactic Markets, an affiliate of the crypto exchange, Gemini, is now a member of the Financial Industry Regulatory Authority (FINRA) and has received approval to operate as an SEC-registered broker-dealer. Announced on Wednesday, this approval will allow the company to legally operate an alternative trading system (ATS) and facilitate the trading of digital asset securities. Crypto trading has taken over in recent years and is now receiving demand from institutions too. However, the digital asset securities space is still in the early stages. Only a very few regulated companies…

Co-founder of defunct exchange QuadrigaCX allegedly runs Wonderland

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In a series of twitter posts published Jan. 27, decentralized finance (DeFi) investigator zachxbt seemingly unveiled the true identity of previously anonymous QuadrigaCX co-founder Michael Patryn, doxxing him to be that of @0xSifu, the founder of DeFi protocol Wonderland. 1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn. If you are unfamiliar that is the Canadian exchange that collapsed in 2019 after the founder Gerald Cotten disappeared with $169m I have confirmed this with Daniele over messages. pic.twitter.com/qSfWNnQPhr — zachxbt.eth (@zachxbt) January 27, 2022 Following…

Cardano (ADA) vs. Ethereum (ETH) – Here’s What Crypto Exchange Kraken Says

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The crypto exchange Kraken is breaking down the differences between Ethereum (ETH) and Cardano (ADA). The exchange notes in a blog post that both competing smart contract platforms provide similar offerings but have “different philosophies.” Kraken highlights that Cardano emphasizes a “research-driven approach to design,” while Ethereum was built to “be a kind of operating system for any number of custom assets and programs.” Explains the exchange, “While Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and…

Gen.G Esports Signs Partnership with South Korean Bithumb Crypto Exchange

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On January 26, Gen.G, a global esports organization, announced its new partnership with Bithumb, a South Korean cryptocurrency exchange. Through Twitter, Gen.G told its fans that they will be waiting for new opportunities thanks to the partnership. The major esports organization that connects the US and Asia, disclosed that Bithumb intends to bring new experiences to fans through the sponsorship of various Gen.G teams. Based on the partnership, Gen.G and Bithumb will work on various strategic collaborations, such as promoting joint marketing activities and providing creative and innovative experiences that…

Crypto Exchange FTX Reaches Massive $8 Billion Valuation in New Funding Raise

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Crypto exchange FTX has reached a staggering new valuation after it completed its latest round of fundraising. According to a press release, the company closed $400 million during its Series A round of funding today, which now has FTX valued at $8 billion. Brett Harrison, FTX’s president, says that the crypto exchange’s valuation reflects its rapid growth in 2021 and will serve as the foundation for its future. “FTX US scaled rapidly throughout the course of 2021, and our Series A valuation reflects both what we’ve concretely accomplished and what…

Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment – Regulation Bitcoin News

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Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance. Cryptocurrency Will Be a Means of Payment in Thailand The Bank of Thailand (BOT), the Thai Securities and Exchange Commission (SEC), and the country’s Ministry of Finance (MOF) jointly announced Tuesday their plan to regulate cryptocurrency as a means of payment.…

Bullish Exchange Hits Record Daily Trading Volume of $300 Million

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Bullish, a prominent technology firm in the digital asset ecosystem, recently announced that the Bullish Exchange saw record numbers on 25 January 2022. According to the details shared by the company, the total 24-hour trading volume on the exchange crossed $300 million on Tuesday, the highest level on record. In total, the platform crossed $5 billion in trading volumes. Launched in November 2021, Bullish Exchange witnessed consistent growth in the last few weeks. In terms of 24-hour trading volumes, the company achieved the milestone of $100 million on 9 December…