Tag: Exchange

Bitcoin exchange net inflow highest in 10 months

boss

On-chain data shows that bitcoin (BTC) has been flowing to centralized cryptocurrency exchanges at an impressive rate amid the recent market chaos. Data provided by Glassnode shows that the net transfer value of BTC to exchanges just reached $547.6 million. This is the highest positive BTC inflow to centralized crypto exchanges since May 10, 2022 — when $936 million more flowed into crypto exchanges than out of them. Bitcoin net transfer volume to and from crypto exchanges daily chart. | Courtesy of Glassnode This notable increase in bitcoin inflows to…

NatWest bank puts $6K monthly limit to crypto exchange payments

boss

NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs. On March 14, NatWest introduced major restrictions on payments to cryptocurrency exchanges, imposing daily and monthly caps for such transactions. According to an announcement shared with Cointelegraph, NatWest has set a 1,000 British pounds ($1,216) limit for daily transactions involving crypto exchanges. The bank has also imposed a 30-day payment limit of 5,000 GBP ($6,080). The latest restrictions by NatWest aim to help protect…

Ethereum Creator Vitalik Buterin Sends 200 ETH to Crypto Exchange Kraken: PeckShield

boss

Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange. Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin. The ETH trove was subsequently moved to crypto exchange Kraken where it could potentially be sold on the open market. “PeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken within the last one hour.”  Source: PeckShield/Twitter According to blockchain-tracking service Etherscan,…

I doubled my money in Argentina with a ‘black market’ exchange rate

boss

The author in Argentinian Patagonia in February 2023. Here, the Spegazzini Glacier cascades into Lago Argentino, the third largest lake in South America. A legal exchange rate influenced by the black market A worker lays out 500 Argentine peso note sheets on Aug. 14, 2020 in Buenos Aires. To cope with one of the world’s highest inflation rates, Argentina produces money 24 hours a day. Ricardo Ceppi | Getty Images News | Getty Images In Argentina, waiting for a cash transfer isn’t strange at all. In fact, it’s custom —…

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance – Exchanges Bitcoin News

boss

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS Change, has been identified and shut down, the country’s Financial Monitoring Agency (FMA) announced on Telegram. Three Kazakhstani citizens have been accused of running the exchange which carried out its activities without a license since…

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% – Bitcoin News

boss

On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next decade. Additionally, the budget proposes “closing a loophole that benefits wealthy crypto investors” and plans to gradually introduce a 30% tax on the electricity used in cryptocurrency mining. Biden Budget Aims to Reduce Deficit by…

Crypto Exchange Giant Rolls Out Support for Two Under-the-Radar Altcoins

boss

Digital asset exchange giant Crypto.com is rolling out support for two under-the-radar altcoins as the crypto markets continue to crater in the wake of crypto-friendly bank Silvergate’s announced shutdown. Customers of the Singapore-based exchange can now trade Liquity (LQTY) and Gelato (GEL), according to an announcement from the firm. Liquity is a decentralized Ethereum (ETH)-based lending protocol powered by its stablecoin LUSD. The protocol uses ETH as collateral, and LQTY, its native token, can be used for liquidity mining and staking. LQTY stakers can earn LUSD from fees on loan issuance, and…

Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum

boss

A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun. In a new release, crypto exchange Poloniex says it’s listing Shiba BoneSwap (BONE), the digital asset that will be used to pay for the gas fees of Shibarium, Shiba Inu’s highly anticipated upcoming Ethereum-based (ETH) layer-2 scaling solution. “BONE wallets will open on March 9, 2023 at 10:00 UTC and full trading will be enabled on March 9, 2023 at 11:00 UTC… BONE is a governance token of…