Category: Exchanges

Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000

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Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial Instruments Directive) II License. Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products. Crypto…

Three Low-Cap Altcoins Rip As Top Crypto Exchange Binance Announces Trading Support

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Three low-cap altcoins are surging after the top global crypto exchange Binance, rolled out support for them. In a new announcement, Binance says that it is adding futures contracts for COOKIE, the utility token for the marketing finance (MarketingFi) ecosystem Cookie DAO, artificial intelligence (AI) focused project Alchemist AI (ALCH) and AI agent-related project Swarms (SWARMS). Amid the listing news, COOKIE surged by double percentage points. COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE…

Factors To Consider When Choosing a Crypto Exchange for Digital Asset Trading

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According to one recent estimate, there are currently around 1,500 cryptocurrency exchanges up and running globally, which means you’re going to have to take a while to research them and narrow down your options. To get started, it helps to know what to look for in an exchange platform, and so we’ve come up with a basic list of criteria you’ll need to pay attention to. One of the most important things for every user should be the exchange’s security features and its trustworthiness, as you’ll want to ensure your…

Kazakhstan Blocks Over 3,500 ‘Illegal’ Cryptocurrency Exchanges

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Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Ministry of Culture and Information. In 2023, Kazakh authorities blocked access to Coinbase, citing alleged violations of the country’s digital asset laws. Liquidation of Illegal Crypto Platforms In 2024, the regulator liquidated 36 illegal crypto exchanges with a combined turnover of 60 billion Kazakhstani tenge (over US$113 million). Additionally, it froze and confiscated assets worth…

Fallen Crypto Exchange FTX EU Has a New Owner, but License Remains Suspended

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Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU. Although Backpack currently ranks only 200th in CoinMarketCap’s cryptocurrency exchange rankings by daily trading volume, it hopes to expand its operations through the acquisition of this MiFID II-regulated entity. However, this move might not happen as quickly as anticipated. Backpack Acquires Defunct FTX EU for MiFID II License Since September 2022, FTX EU has held a Cyprus…

CULT Food Science Subsidiary Further Foods Announces Noochies! Now Accepts Popular Cryptocurrency Payment Options

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Noochies! products can now be purchased with BTC, ETH, SOL and DOGE TORONTO, Jan. 3, 2025 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is excited to announce that Noochies! products can now be purchased with popular cryptocurrencies including bitcoin (BTC), ethereum (ETH), solana (SOL), and dogecoin (DOGE). Accepting cryptocurrency not only opens the Noochies! brand up to a broader consumer base but…

IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges

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The Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in centralized exchanges. On July 9th, 2024, the Treasury Department and the IRS published the final rules for determining the order of selling crypto assets held in centralized finance (CeFi) platforms. Investors should choose an accounting method such as the Highest-In, First-Out (HIFO) or the Specific Identification (Spec ID) if their assets are held with a CeFi broker. Otherwise, the First-In, First-Out (FIFO) applies, which means that the earliest…

Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities

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Binance has become a pioneering cryptocurrency exchange in Brazil following the approval of its acquisition of Sim;paul Investimentos, a securities brokerage platform. With this acquisition, Binance can now offer a full range of investment options, including securities, stocks, and funds for Brazilian customers. Binance Gets Greenlight For Sim;paul Investimentos Acquisition in Brazil Binance, one of […] Source

Launch of the HTX DAO Forum: A New Dawn for Exchange Governance

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PRESS RELEASE. In December 2024, HTX DAO announced the official launch of its governance forum, ushering in a new era of innovation for global crypto community governance. This move represents more than just a new feature; it also marked a historic step for exchanges, transitioning from traditional centralized management towards decentralized autonomous governance model. *Forum […] Source

Volumes on Decentralized Exchanges Soar to an All-Time High of $478,838,000,000 in December: On-Chain Data

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Monthly trading volume on decentralized exchanges (DEXes) has reached new all-time highs, according to the latest on-chain data. According to blockchain data aggregator DefiLlama, DEX volume for December was $422 billion, the highest ever on record. The month of November was also an all-time high, according to DefiLlama. Source: DefiLlama Uniswap, Ethereum’s (ETH) biggest DEX, recorded the most amount of volume while Raydium (RAY), the largest DEX on Solana, placed second. Most other chains saw an increase in volume, and DeFI as a sector is growing, perhaps getting a boost…