Category: Exchanges

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token

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Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token. In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app. IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption. According to the Crypto.com press release, “IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book…

Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA

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David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively. The company has agreed to purchase BITRIA, a five-year-old San Francisco-based start-up whose tools help advisors manage holdings of bitcoin and other tokens, according to Gemini’s global head of business development Dave Abner. The move creates one of the industry’s first full-service digital asset custodians for advisors, according to Abner, who declined to…

Cryptocurrency Exchanges See Massive Bitcoin (BTC) Outflows

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The market cap of Bitcoin has been shrinking since the start of 2022. A sharp decline in retail and institutional interest, weak network activity and huge selling pressure are not helping BTC bulls. However, Bitcoin whales have accelerated the movement of the crypto asset from digital exchanges to unknown wallets and cold storage. The crypto analytics platform, Santiment highlighted a significant jump in BTC outflows from crypto trading platforms. According to the company, nearly 26,300 Bitcoin left digital exchanges on Tuesday, which is the highest level since 25 October 2021.…

Leading Crypto Exchange BitYard Offers Trading in Over 150 Countries

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sponsored Come join and become a part of BitYard, the leading crypto exchange that takes crypto trading to a whole new level & strives to provide users the best trading experience. With 500,00+ users already trading in over 150 countries, don’t wait, join today to benefit immensely and ‘Grow your future in the yard’. Why Is BitYard Trusted by Traders in Over 150 Countries BitYard is a one-stop trading platform for global investors, established & headquartered in Singapore, and has continued to bring professional, convenient, and new trading services to…

India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme – Regulation Bitcoin News

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Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged Crypto Scam Case India’s Enforcement Directorate (ED), a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, has seized assets valued at 36.72 crore rupees ($5 million) in connection with a cryptocurrency scam. The ED began investigating the scheme after a first information report (FIR)…

Bitcoin exchange outflows see biggest daily spike since September 2021

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Bitcoin (BTC) investors are voting with their wallets as one-day outflows from major exchanges near 30,000 BTC.  Data from on-chain analytics firm CryptoQuant shows that on Jan. 11, 29,371 BTC left exchange order books — the most since Sep. 10. The four-month high in outflows corresponds to short-term optimism returning on Tuesday as BTC/USD bounced and maintained levels above $42,000. The pair subsequently went on to hit local highs of $43,150 before consolidating, this nonetheless a different turn of events to the widely predicted cascade toward $30,000. While such an…

Australia’s largest crypto exchange will sponsor tennis star Ajla Tomljanovic

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BTC Markets, the largest digital assets exchange in Australia, has announced it will be sponsoring professional tennis player Ajla Tomljanovic for the Australian Open and Sydney Tennis Classic tournaments taking place this month. In a Tuesday announcement, BTC Markets said it would be backing Tomljanovic as part of a partnership inspired in part by “increased investor activity from female investors in the last financial year.” Users from the crypto exchange will have the chance to win tickets to the tournaments and a meeting with the tennis star with a nonfungible…

Crypto Exchange Binance Lists Two Altcoins Built on Ethereum, Triggering Rallies

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A pair of crypto assets that facilitate peer-to-peer (P2P) connectivity got a power surge after being listed on crypto exchange giant Binance. In a new announcement, Binance says that the utility token of Alchemy Pay (ACH), a payment system that serves as a bridge between the crypto and fiat economies, will now be available for trading. According to the project website, Alchemy Pay serves as “an all-in-one online and offline crypto-fiat gateway service for businesses,” and also enables financial institutions to offer cryptocurrency investment services. News of the Binance listing…

Cryptocurrency Certificates Gain Popularity in Germany

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In Germany, innovative financial trading products are gaining popularity among young traders. In its recent report, Deutsche Borse Group revealed that cryptocurrency certificates topped the list of most traded products on the Frankfurt Certificate Exchange (FCE) in 2021. Last year, the trading volume related to crypto certificates jumped above €1 billion. Deutsche Borse expanded its crypto offerings significantly in 2021 and listed several new cryptocurrency products. In April 2021, Deutsche Borse enhanced its digital asset offering with the addition of Litecoin ETN. The exchange reported overall trading volumes of €18.4…

Bitcoin Leaving Exchanges, but It’s Not What You Think: Crypto Analyst Nicholas Merten

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Crypto analyst Nicholas Merten says that while Bitcoin (BTC) flying out of exchanges may look bullish, there could be more than meets the eye. In a new video, Merten takes a look at a metric from blockchain tracker Glassnode that shows the supply of Bitcoin slowly declining on crypto exchanges. On the surface, the declining supply of BTC on crypto exchanges may seem bullish. However, the analyst points out that the metric doesn’t include the futures and options markets. He suggests that more and more crypto is actually just going…