Category: Exchanges

UK launches crackdown on ‘misleading’ cryptocurrency ads

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The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images LONDON — The U.K. government says it will bring cryptocurrency ads under tighter scrutiny and crack down on “misleading” claims that may cause investors to lose money. Finance Minister Rishi Sunak plans to bring the ads under the same rules for financial promotions, according to proposals announced Tuesday. The government will introduce legislation…

Gulf team up with Binance aiming to develop on Thai Crypto Exchange

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Gulf Energy Development Plc, one of Thai’s leading energy companies, revealed that they have set up a team to work with Binance planning to study the possibility to process a digital asset exchange in Thailand. According to the statement, the Bangkok-based firm had already signed the memorandum of understanding (MoU) with Binance on Monday (17 January) in order to jointly study and formulate a business development plan for Digital Asset Exchange and related businesses in the industry Thailand. Yupapin Wangviwat, Chief Financial Officer (CFO) of Gulf, said the team was…

Cryptocurrency Market Cap Increased by 13% in Q4 2021

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Despite facing one of the biggest corrections in its history, the cryptocurrency market cap grew by almost 13% in the fourth quarter of 2021. For the whole year, the market capitalization of digital currencies jumped by approximately 185%. Overall, the market cap of crypto assets is nearly equal to the GDP of India. According to a recent crypto market overview report published by digital exchange EXMO, trading volumes across the market climbed by 13% during Q4 2021. Cryptocurrency volatility also increased slightly during the latest three months. In comparison with…

Chingari’s GARI Token To Make Historic Debut on Six Top Crypto Exchanges

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January 17, 2022 – Mumbai, India Chingari, the leading video sharing app in India, has achieved another first with the historic parallel listing of its native GARI token on six of the world’s leading centralized cryptocurrency exchanges. Breaking new ground yet again, GARI has become the world’s first cryptocurrency to launch simultaneously on six trading platforms – Huobi Global, FTX, KuCoin, Gate.io, OKEx and MEXC Global. GARI is the native cryptocurrency token of Chingari, a short video sharing platform that now ranks as the number-one social media application in India…

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024 – Security Bitcoin News

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Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions. Blockchain Transparency Despite the surge in the value of crypto-related crimes recorded in the past year, Gartner, a business advisory firm, predicts that “successful cryptocurrency thefts and ransomware payments will drop by 30%” in two years’ time. According to Gartner, such a drop will…

Crypto Exchange FTX Rolls Out $2,000,000,000 Venture Fund

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Crypto exchange FTX is launching a $2 billion venture fund to support crypto and Web3 projects. The move was announced in a blog post penned by FTX CEO Sam Bankman-Fried, Ramnik Arora, the exchange’s head of product, and Amy Wu, the new head of FTX Ventures. The executives say they want to “make things easy for builders.” “Our first $2B fund will be flexible capital where we can invest in equity and/or tokens, at any check size and stage. We measure time horizons in decades. We don’t mind if you’re…

Low-Cap Altcoin Soars 372% in One Week After Earning Surprise Support From Crypto Exchange Coinbase

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A low-cap altcoin has skyrocketed by more than 372% in the past seven days after receiving full trading support from Coinbase this week. PolySwarm (NCT) is a threat detection and anti-malware project that was listed by Coinbase Pro on Wednesday, alongside altcoins Inverse Finance (INV), Liquity (LQTY), Propy (PRO). All four crypto assets then received listings across the exchange’s full retail platform the following day. PolySwarm uses its native token, NCT, to reward users who assist in the collection of cybersecurity data and insights. The 344th-ranked crypto asset by market…

Coinbase Acquires Futures Exchange Amid Plans To Offer Crypto Derivatives to US Customers

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Crypto exchange giant Coinbase is announcing a new acquisition that will allow it to expand its product range into crypto derivatives. Coinbase says it has acquired FairX, a futures exchange that is regulated by the U.S. Commodity Futures Trading Commission. The cryptocurrency exchange says it will initially offer crypto derivatives to US customers through the new acquisition before offering them on its main Coinbase platform. “Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Over time, we plan to leverage FairX’s…

Indian INX exchange reportedly plans to list Bitcoin futures ETF

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Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC) exchange-traded funds (ETF). Torus Kling Blockchain, a joint venture between Cosmea Financial Holding, a financial firm backed by former Reliance Capital CEO Sam Ghosh, and Kling Trading India, is preparing to launch Bitcoin and Ether (ETH) futures ETFs in India, The Economic Times reported Thursday. The company has signed a memorandum of understanding with India’s major stock exchange, the India International Exchange (INX), to launch crypto ETFs alongside investment…

Australian Crypto Exchange BTC Markets Partners with Ajla Tomljanovic

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One of the fastest-growing crypto exchanges in Australia, BTC Markets recently announced a partnership with Ajla Tomljanovic, a prominent tennis player in the country. According to the latest female tennis player rankings, Ajla currently stands at 45th position worldwide. In Australia, Ajla holds the second position. BTC Markets is the only female-led digital exchange in Australia. Due to the rising interest of retail and institutional Australian clients in digital currencies, BTC Markets experienced a strong surge in demand for its crypto trading products during 2021. “We’re excited to announce our…