Category: Exchanges

Crypto exchange FTX US closes $400M funding round to reach $8B valuation

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Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding. According to Reuters on Wednesday, the American affiliate of FTX closed a $400 million funding round led by SoftBank Group Corp, Temasek Holdings, Paradigm and Multicoin Capital. FTX US president Brett Harrison said that this development puts their firm as one of the largest crypto exchanges in the United States, and sends a message to the world that they are growing very rapidly. Harrison indicated that the firm will use the funds to further its offerings as…

Strategies for trading cryptocurrency during a correction, explained

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A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a market crash. Corrections are often the result of a minor event, such as low trading volumes or other technical factors. They, therefore, occur fairly regularly,…

Crypto exchange’s Twitter gets hacked by ‘disgruntled employee’

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The Twitter account of the Russian crypto exchange Latoken seems to have been breached by a hacker who started posting allegations that the exchange is a scam. According to the posts, the exchange is promoting “scam IEOs” and misleading its customers.  WARNING – THIS IS A SCAM EXCHANGE They are promoting scam IEOs. They are promoting IEOs promising growth of 100% to 500%. They are cheating and lying to founders and employees. They are misleading founders to think they will have successful IEOs while it never happens. — LATOKEN (@latokens)…

Finvault Exchange Opens Waiting List to International Customers

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Finvault Exchange OÜ today announced that the company has officially opened its waiting list to customers around the world. Until now, the registration was only available through invite. Ahead of its soft launch in February 2022, the digital exchange has opened its doors to allow customers to register without an invitation link. According to Finvault Exchange, the company will unlock an important feature next month. Clients will be able to earn up to 5% Annual Percentage Yield (APY) on their savings. Finvault exchange outlined the importance of the growing crypto…

Executives at Crypto Exchange Binance Allegedly Neglected Compliance Responsibilities: Report

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Top crypto exchange Binance is reportedly maintaining weak know-your-customer (KYC) compliance standards despite warnings from senior figures at the company, according to Reuters. In a new special report, the news service breaks down the exchange’s alleged regulatory shiftiness, zeroing in Binance’s “weak” KYC checks, which are designed to prevent money laundering. The article, based on “dozens of interviews with former senior employees of Binance, advisers and business partners,” as well hundreds of documents, also alleges that Binance has evaded questions about where its main online exchange is based. In July,…

Brand Engagement Cryptocurrency Surges in Price After Coinbase Pro Listing

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An altcoin that rewards consumers for interacting with their favorite brands is soaring after a surprise listing by top US crypto exchange Coinbase. Coinbase says in a tweet that Shping Coin (SHPING) will start trading on Coinbase Pro once appropriate liquidity conditions are met. SHPING is an Ethereum token that powers the Shping App, which allows shoppers to earn rewards by comparing prices, scanning barcodes, watching videos, and writing product reviews. News of the Coinbase listing sent SHPING on a massive rally from $0.015 to $0.068 in just a few…

Whales Gobble Up Bitcoin As Non-Exchange BTC Supply Surges to All-Time High: Santiment

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Crypto whales are buying up Bitcoin (BTC) even as prices continue to track sideways this week, according to the market analytics firm Santiment. According to Santiment’s Twitter feed, whale addresses holding between 1,000 and 10,000 BTC snapped up 40,000 additional Bitcoin over two days earlier this week. That group of whales now own the same amount of BTC as they did before they began dumping their holdings in late December, when Bitcoin was priced around $49,000. Source: Santiment/Twitter Bitcoin is trading at $38,785 at time of writing, down more than…

Chainlink (LINK) Competitor Rallies After Earning Support From Top Crypto Exchange Binance

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An altcoin powering a protocol to improve traditional application programming interface (API) technology for the Web 3.0 economy is buzzing after a sudden listing by top crypto exchange Binance. In a new blog post, Binance says that the Ethereum token API3 (API3) will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs. The native token governs the API3 decentralized autonomous organization (DAO) and can also be added to the protocol’s insurance staking pool to earn rewards. API3 is a decentralized oracle network competing with Chainlink…

Moscow Exchange to Add Shares of 80 International Companies for Trading

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On 1 February 2022, Moscow    Exchange  Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange…

SEC Head Wants To Take Steps To Bring Crypto Exchanges Under Regulations: Report

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler says he wants to bring crypto exchanges under the umbrella of regulation this year. Gensler says in a new virtual press conference that he hopes crypto exchanges will take steps towards becoming regulated in the coming months, Bloomberg reports. Explains the SEC chair, “I’ve asked staff to look at every way to get these platforms inside the investor protection remit. If the trading platforms don’t come into the regulated space, it’d be another year of the public being vulnerable.”  Gensler told…