Uniswap version 3 (v3) has been deployed on Rootstock by GFX Labs, the team behind trading terminal Oku, according to an emailed announcement shared with CoinDesk on Monday. According to Uniswap’s website, the project, originally designed for Ethereum, has also been deployed on the Ethereum layer-2 networks Arbitrum, Optimism and Polygon. Original
The investment arm of UK-based pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings (GFO-X). An announcement from M&G and GFO-X outlined the details of the investment, which forms part of a $30 million Series B funding round for the derivatives exchange. The platform will initially offer clearing of Bitcoin index futures and options contracts. The move provides a platform for traditional finance institutions to gain exposure to a variety of cryptocurrency derivatives investment products. GFO-X is set…
Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in net outflows, according to data from DefiLlama. HTX witnessed $258 million in net outflows between Nov. 25 and Dec. 10. Source: DefiLlama DefiLlama data shows HTX’s reserves comprise 32.3% Bitcoin (BTC) and 31.8%…
Former crypto exchange CEO Anatoly Legkodymov has pleaded guilty to federal charges for his role in illegally transporting and transmitting hundreds of millions of dollars worth of illicit funds. The U.S. Department of Justice (DOJ) says that Legkodymov, the founder of crypto exchange Bitzlato admitted to operating an unlicensed money-transmitting business at a Brooklyn federal court this week. The DOJ says that Bitzlato became a haven for criminal proceeds and funds because the firm did not implement proper know-your-customer (KYC) procedures. The exchange also allegedly facilitated more than $700 million…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The growing popularity of cryptocurrencies and the expansion of the possibilities for their use led to the emergence of specialized services that exchange digital coins for other coins or fiat money. This is an analog of traditional online currency conversion points. Indeed, the convenience and speed of functioning of cryptocurrency exchangers significantly facilitated the conduct of complex coin transactions. However, until 2018, these resources were characterized by inflated rates.…
On-chain data has revealed an increasing sentiment of holding Bitcoin among investors. Bitcoin has been on a roll since the start of the month, pushing its price to new yearly highs. At the same time, exchange data from CryptoQuant reveals that the crypto might be gearing up for a sustained bull run. According to the on-chain analytics platform, Bitcoin’s exchange supply, the amount available for purchase on exchanges, has dropped to its lowest levels since 2017 Exchange Supply Drops To Lowest Level In Six Years The Bitcoin market is flashing…
The UK’s Financial Conduct Authority (FCA) has issued a warning, cautioning against engaging with LYKKE due to the exchange’s potential unauthorized financial promotions. The regulator mentioned that the crypto exchange was promoting financial services or products without obtaining the required authorization from the regulatory body. The FCA’s alert provides specific details about the unauthorized firm, LYKKE, warning individuals and firms against engaging with it. The firm operates under the name LYKKE. This includes a cautionary list of contact details associated with LYKKE, including email addresses, a website, mobile applications, and…
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A massive surge in crypto exchange flows suggests institutions could be preparing for the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs), according to the market intelligence firm Glassnode. Glassnode notes in a new analysis report that the 30-day simple moving average (SMA) of Bitcoin flows in and out of exchanges grew from $930 million from the start of the year to over $3 billion at time of writing, a 220% increase. “Looking at this from the on-chain volume domain, we can see that YTD (year-to-date) flows in…
A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange. Although it is unclear the motive behind this transfer, it appears to be to take profit on a 670% gain over the past five years. Ethereum Whale Moves 39,260 ETH To Crypto Exchange The crypto market has had another flurry of price increases in the past few…