Category: Exchanges

SIX to Buy London’s Aquis Exchange in a £207 Million Cash Deal

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Switzerland’s SIX has agreed to acquire London-based Aquis Exchange in a cash offer, valuing the deal at an enterprise value of £194 million. Announced today (Monday), the Swiss bourse will pay 727 pence per share in cash to Aquis shareholders, putting the total issued and to-be-issued share capital of the latter at about £207 million. The official announcement further detailed that the offer price provides Aquis shareholders a premium of about 120 percent over the closing price of its shares last Friday. A “Compelling Strategic Opportunity” According to SIX, the…

What are inflows and outflows on crypto exchanges?

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Inflows on crypto exchanges, explained Understanding how inflows and outflows affect crypto prices is crucial for navigating market dynamics. Inflows, representing the influx of liquidity into exchanges, can positively impact prices. Conversely, outflows, indicating the withdrawal of funds, can exert downward pressure on prices. Liquidity – the ease with which assets or goods can be bought or sold — is vital for traders, users and investors. When referring to inflows and outflows on exchanges, it involves tracking the movement of cryptocurrencies into and out of these trading platforms. In the…

Solana Decentralized Exchange Altcoin Skyrockets by More Than 400% on Friday After New Exchange Listing

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A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive…

Embattled FTX Co-Founder Gary Wang Is Building US Authorities a Tool To Track Illicit Activity on Crypto Exchanges

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FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to four criminal counts in December 2022. In a sentencing memorandum filed on November 6th, Wang’s lawyers ask the court to consider how their client cooperated with the government and extended assistance beyond the prosecution of Bankman-Fried. “Gary has made himself available to testify…

Dos and Don’ts: Finance Minister Explains Russia’s Cryptocurrency Strategy

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Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case for crypto. Finance Minister States Russia’s Cryptocurrency Strategy Focuses on International Settlements Russia is now in the process of defining the […] Source

Hut 8’s Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025

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FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with…

Binance Co-Founder Dispels Rumors That Crypto Exchange Asks for Tokens Prior to Listing

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Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier 1 project that raised close to nine figures” and was trying to get listed on Binance. “After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for…

Cryptocurrency Mining Gets Green Light in Russia, Putin Signs New Law

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Russia took a significant step in legalizing cryptocurrency mining in the region. The new law has strict limitations, allowing only specific groups to undertake the activity. A new law signed by President Vladimir Putin now recognizes crypto mining as a legal activity for entities listed in a state registry, local media agency Tass reported. This step signals the country’s desire to embrace the digital economy while controlling its potential financial impact. Who Can Mine Under this new legislation, only Russian legal entities and registered individual entrepreneurs may mine digital currency.…

Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment

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US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users.  In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange.  “To continue forging our path ahead and put Kraken in contention to become the largest crypto platform in the world, we need to be leaner and faster.” Kraken says it is making structural changes after falling into a…