Tag: Exchange

Crypto Exchange Binance Burns Over $575,000,000 in BNB Following Token Update

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The chief executive of the world’s largest crypto exchange by volume says that the platform has torched $575 million worth of its native asset in its latest quarterly burn. In a new blog post, Binance CEO Changpeng Zhao says that the crypto exchange has destroyed a total of 2,064,494 Binance Coin (BNB) in its 22nd overall burning event and first quarterly burn of 2023. Binance says it plans to perform coin burns every quarter until it eliminates a total of 100 million BNB from circulation – half of the token’s…

US Disrupts Bitzlato Crypto Exchange, Arrests Founder

The Hong Kong-based platform Bitzlato has been disrupted by authorities and its founder Anatoly Legkodymov was arrested, ending its catering to known criminal activity tied to Russia, said Deputy Attorney General Lisa Monaco, outlining coordinated enforcement actions that also included the Federal Bureau of Investigation and the U.S. Treasury Department. Source

This Australian Crypto Exchange Lists LUNC, SHIB, And APE Coin

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Shiba Inu (SHIB), ApeCoin (APE), and LUNC gained new support in January as Australian crypto exchange Cointree lists them on its platform. Cointree announced the news via Twitter recently. Cointree is among the oldest crypto exchanges in Australia, based in Melbourne. It began operation in 2013 and offers over 280 cryptocurrencies on its platform, including the latest additions (APE, LUNC, and SHIB). In 2017, the exchange launched a learning hub that teaches and guides crypto enthusiasts on basic cryptocurrency subjects. This development is not SHIB’s first Australian recognition. Earlier in…

21Shares debuts crypto staking ETP on BX Swiss exchange

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Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking. On Jan. 18, the company launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading on the local stock exchange BX Swiss under the ticker STAKE. At launch, 21Shares’ STAKE ETP tracks six digital assets, including BNB (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL) and Tezos (XTZ). The index will rebalance semi-annually in…

Crypto Exchange OKX Introduces Copy Trading to Global User Base

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✨ Presenting all-new #OKX Copy Trading ✨ 🖱️ Duplicate every move from the lead trader in just one click, and keep track of your real-time P&L when you are on the go. Trade with ease trade like a pro🤴 — OKX (@okx) January 17, 2023 The introduction of the copy trading tool comes less than a year (May 2022) after OKX created a feature that made it possible for traders to check the portfolio breakdowns, transaction histories, profits and losses as well as the risk levels of high-performing traders on…

Digital Asset Trading, Bringing World-Leading Crypto Exchange Services to the US

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Gate US, a blockchain and digital asset infrastructure provider has received licenses to operate its exchange platform in several US states. Gate US has set its sights on becoming the leading blockchain and digital asset infrastructure provider in the US and will provide digital asset trading services to retail and institutional clients. Dr. Lin Han, Founder and President of Gate US as well as Gate Group, says that “Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business…

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny – Bitcoin News

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According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck Shows Three Arrows Capital Co-Founders Seek New Investment for Crypto Exchange GTX There’s a flurry of reports and screenshots of an alleged pitch deck and website that claim the two 3AC co-founders, Su Zhu and…

3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange

Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million.  The proposed new exchange is to be called GTX, according to the presentation. It promised to crack the claims market as well: “Our legal team will streamline and automate claims onboarding to GTX and make it the dominant marketplace for FTX and other…