Uniswap, the decentralized exchange, outpaced centralized exchange Coinbase in April. Source
Decentralized Exchange Uniswap Trading Volume Outpaces Coinbase for 4th Consecutive Month
Tag: Exchange
Milady memecoin surges 5,250% after Musk tweet, exchange listings
On May 11, Milady (LADYS), the self-organized memecoin of the namesake anime avatar nonfungible tokens (NFT) collection, surged by over 5,250% within 24 hours to trade at a $0.0000001528 at the time of publication. The day prior, American business magnate Elon Musk tweeted a meme using the imagery of a Milady NFT, sending the average Ether (ETH) sale price of the collection soaring. According to token developers, LADYS has “no association” with Milady creator Charlotte Fang or Milady Maker. The token “is simply paying homage to an NFT collection we…
Coinbase calls PEPE a ‘hate symbol,’ prompting calls to boycott the exchange
An email sent out to Coinbase customers describing memecoin Pepe (PEPE) as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter from May 10 to his 96,000 followers, which cites a 2016 decision from the Anti-Defamation League to place the frog-themed character in its database of online hate symbols. Why is @coinbase sending out emails telling people that $pepe is an alt-right hate symbol?? pic.twitter.com/UNzClQlwwv — borovik.eth (@3orovik) May 11, 2023 Fans and…
Decentralized Crypto Exchange Uniswap Weighs Proposal to Enrich Token Holders
Uniswap v2 has nearly $1.2 billion total value locked and has averaged roughly $367 million in daily volume on Ethereum during the past week, DefiLlama data shows. Meanwhile, Uniswap v3, which is deployed on SushiSwap, Curve, Balance and PancakeSwap, among other networks, has roughly $2.9 billion total value locked. Source
Crypto Exchange Bittrex Files for Bankruptcy Following SEC Enforcement Action After Nearly a Decade in Business
Seattle-based crypto exchange Bittrex has filed for bankruptcy as it faces ongoing regulatory challenges in the United States. Richie Lai, the exchange’s co-founder and chief executive, acknowledged the filing in a tweet on Monday. “Yes, we filed chap 11. Yes, we still have 100% of all customer funds. Yes, there will be a claims process through the bankruptcy courts. This was the cleanest way to bury the baby — RIP Bittrex Exchange.” Bittrex notes on its website that the bankruptcy announcement does not impact the exchange’s foreign affiliate, Bittrex Global,…
Crypto Exchange Binance Trading Volume Fell Almost 50% in April
Even so, it remains the dominant centralized exchange in the industry. Source
Grayscale Investments Files for 3 New Exchange Traded Funds – Bitcoin News
On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management (AUM), Grayscale Investments unveiled the Grayscale Funds Trust launch. The trust is a Delaware statutory trust structure designed to strengthen the company’s worldwide asset management capabilities. “A registration statement relating to Grayscale Funds Trust has…
QuadrigaCX, Bankrupt Crypto Exchange, Will Resume Interim Fund Distribution
Miller Thomson, the law firm representing QuadrigaCX stated that a small number of affected users are likely to receive notice of Disallowance of Claim. In a post earlier this week on May 8, Miller Thomson, a law firm representing the users of defunct cryptocurrency exchange QuadrigaCX announced that they would start an interim distribution of funds linked with the exchange’s bankruptcy proceedings in the coming weeks. As per the bankruptcy trustee Ernst and Young, this interim distribution would be in consultation with estate inspectors. Very soon, the trustee will also…
Bitcoin looks to stage recovery as exchange withdrawals decline
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) is looking to recover from the latest downtrend that has seen it decline by over 7% in four days. The asset’s recovery charge comes on the back of the observable decline in exchange withdrawals. Notably, the proliferation of inscriptions and BRC-20 tokens on the Bitcoin network led to massive and unforeseen congestion on the web, resulting in noticeably higher fees on the chain. As previously reported by crypto.news, Binance had to suspend a cluster…
Bitcoin trades at a $600 premium on Binance.US exchange
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Days after Binance Global, the world’s largest cryptocurrency exchange by client count, briefly suspended bitcoin (BTC) withdrawals, statistics show that its US arm, Binance.US, sold the coin at a premium on May 9. Bitcoin Price on Binance.US | Source: Binance.Us The bitcoin premium At 09:26 UTC on May 9, the BTC/USD pair traded at a $600 premium, significantly increasing from the $20 premium seen at the end of April. A premium in crypto trading occurs when a…