Ethereum-Based Altcoin Blasts Into Stratosphere After Unexpected Launch on Crypto Exchange Coinbase

An altcoin designed to power an automated crypto trading platform is skyrocketing after earning support from the top US crypto exchange, Coinbase. The Ethereum-based crypto asset Kryll (KRL) just shot from a 24-hour low of $1.02 to a high of $1.82 as it became clear that the coin will be listed on Coinbase Pro.   That’s a 78% increase, according to the latest price data from CoinGecko. Kryll is designed to let users browse, build, and test a variety of trading strategies and see how they perform. Traders can use…

Bitpanda taps former JP Morgan exec to lead fully-regulated crypto exchange

The crypto ecosystem picked yet another executive from traditional finance. Two months after raising $263 million, the Europe-based cryptocurrency trading platform Bitpanda announced that Joshua Barraclough, a former exec at JP Morgan, joined its ranks as the CEO of its fully-regulated digital asset exchange Bitpanda Pro.  Before transitioning into the crypto world, Barraclough worked as the global head of the fintech team and then as the co-head of digital innovation at JP Morgan. Answering Cointelegraph’s questions about the transition, Barraclough said that leaving JP Morgan to join Bitpanda was an…

Bitcoin Exchange Balances Decline To Three-Year Low Amid Rising Prices

Bitcoin exchange balances have been on the decline since the bull rally began. The volumes were expected to go up once the digital asset had hit a new all-time high in October. However, this was not the case. Previous trends have often pointed to exchange balances seeing an increase in bull markets when investors moved their holdings to exchanges in order to take profits. This bull market has defied all expectations for it and continues to do so. Outflows from exchanges outpace inflows as investors withdraw BTC from exchanges en…

FTX Exchange Sponsors Super Bowl Commercial

Cryptocurrency exchange FTX enters another sports sponsorship again. This time, they are paying for the National Football League’s Super Bowl Ad on February 13. Of course we’re doing the Super Bowl thing. Would you really expect us not to?   We actually wanted to buy the Super Bowl itself but they don’t yet accept cryptocurrency. So we’re settling for buying ad time.   Sam Bankman-Fried, CEO of FTX Bankman-Fried remarked that sports fans are more likely than non-sports fans to know about crypto, therefore it makes sense to get into…

Localbitcoins P2P Exchange Launches Mobile App for Android – Exchanges Bitcoin News

Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P crypto exchange Localbitcoins has presented a mobile application for traders around the world. The app has been developed for Android users and according to an announcement published on Monday, it has already seen thousands of downloads. Work continues to…

Biggest Crypto Exchange Hack of All Time To See Creditors Awarded $9 Billion Almost Seven Years Later

Nearly seven years after one of the biggest crypto hacks of all time, former customers of the Japanese crypto exchange Mt. Gox are now on track to receive reimbursements. The now-defunct Mt. Gox collapsed in 2014 after it was hit by an attacker who stole 850,000 Bitcoin worth about $500 million at the time.   Customers who lost money in the hack recently voted to approve a “rehabilitation plan” that is expected to become final and binding next month, according to an announcement issued last week. The creditors are reportedly…

Local Singaporean Crypto Exchange Sees Massive Spike in Trading Volume

Singaporean Binance users may no longer be able to access their monetary deposits or buy digital currencies on the exchange, but that is not enough to dampen the crypto trading activity within the country. Worldwide adoption is necessary for Bitcoin to succeed. And I believe Singapore is the place for Bitcoin in Asia.   Adam Draper, Boost VC CEO In the first half of 2021, Singaporean crypto exchange Coinhako has seen a 700% increase in the number of users trading on its platform. A recent survey from the 2021 Independent…

FTX Crypto Exchange Finalizes LedgerX Acquisition

The ink has dried on an acquisition announced by FTX.US in August, revealing a multipronged approach by the American arm of Sam Bankman-Fried’s trading empire. Regulated futures exchange LedgerX will now be known as FTX US Derivatives, FTX.US said Monday. The deal’s close follows the launch of a non-fungible token (NFT) marketplace earlier this month. The U.S. exchange’s parent company announced last week a meme-friendly raise of $420 million from 69 investors. Some of the fresh capital (the exchange also announced a $900 million funding round in July) is set…

Crypto Exchange FTX Valued at $25,000,000,000 in Latest Funding, Drawing in Huge Institutional Investors

A new round of fundraising has given crypto exchange FTX a staggering 11-figure valuation, drawing in large institutional investors. The Bahamian-based company gathered $420.6 million with its latest session of fundraising, bringing in capital from blue-chip investors to raise its total valuation to $25 billion.   Key investors included BlackRock, the biggest asset manager in the world handling nearly $10 trillion worth of assets, and Sequoia Capital, a venture capital company valued at over $3 trillion. The Ontario Teachers’ Pension Plan, a Canadian pension fund and well-known institutional investor valued…