Options also include a sale of the exchange, which boasted 9 million users before going bankrupt. Source
Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart
Tag: Exchange
World Bank Issues First Digitally Native Note on Luxembourg Stock Exchange
The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes. In a first, the World Bank has listed the “first digital native security” or “digital native note (DNN)” on the Luxembourg Stock Exchange (LuxSe). The €100 million DNN, listed on the Luxembourg Stock Exchange, is a key element of a more extensive endeavor to create a sustainable digital infrastructure for DNN issuance. The issuance happened through the involvement of Citi’s Issuer Services in the role of the issuing…
Crypto Exchange Archax to Launch a Regulated Platform for Trading Tokenized Assets by Year-End
The London-based company has also tokenized an abrdn market fund in euros, pounds and dollars and has “a pipeline of several hundred million dollars worth of funds coming in to be held in that tokenized money market fund and where people can receive a yield based on the money market fund,” which is live, he said. Source
Decentralized Crypto Exchange DYdX Open Sources ‘V4’ Code in Preparation to Leave Ethereum
“I think it’s a really exciting moment, to take something that in DeFi that already has a product market fit, where there is a billion dollars traded on average on dYdX every day, and fully decentralize it on a fundamentally new technology stack,” Antonio Juliano, dYdX’s Trading founder and CEO, told CryptoX in an interview. “I think that’s something that hasn’t really happened to that level in crypto yet.” Source CodeCryptoDecentralizeddYdXEthereumExchangeLeaveOpenPreparationSources CryptoX Portal
BTC Drive by Institutions Sends Open Interest on Chicago Mercantile Exchange to Record High
The breakout above the $31,800 resistance level coincided with a drop in open interest, a metric that assesses the notional value of all derivatives positions, across crypto exchanges, according to Coinalyze data. The decline, which reflects retail investor interest, contrasts with open interest on the Chicago Mercantile Exchange (CME), a venue favored by institutions, topping 100,000 bitcoin ($3.4 billion) for the first time. Source
Top Crypto Exchange Binance To Shutter Visa Debit Card Program in Europe
Binance is shutting down its crypto-powered Visa debit card in Europe. The top global crypto exchange by trading volume says Binance Card services will stop working in the European Economic Area (EEA) in December. Binance notes that customer accounts won’t be impacted. The exchange urges European customers to transition to Binance Pay, the company’s crypto payment technology. And here goes the #Binance Visa Debit Card! First Paysafe providing EUR on/offboarding, now Contis providing the debit card, what’s next? pic.twitter.com/e7EF7G7CVN — Michael ??S?? (@M_affirmed) October 20, 2023 Binance first rolled out the…
Patricia exchange CEO announces debt restructuring via convertible notes
Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares. According to a statement from the CEO, this process forms an integral component of the firm’s strategy for fundraising and reorganizing its debts. In anticipation of the firm’s upcoming app relaunch and in preparation for its fundraising initiative, it is affording its users the…
Crypto Lobby Group Files Amicus Brief in SEC Lawsuit Against Binance, Likens Exchange to E-Commerce Giant Amazon
A crypto lobbying group is petitioning the courts in favor of Binance in the exchange’s lawsuit with the U.S. Securities and Exchange Commission (SEC). In an amicus briefing filed yesterday, the Chamber of Digital Commerce told the U.S. District Court of Columbia that the US, once a haven for new tech, is pushing away crypto and blockchain technology. “Now, however, one of the newest frontiers of the digital economy—the trillion-dollar blockchain economy—is conspicuously avoiding the United States, finding the regulatory environment too opaque and too hostile to conduct business here… This promising…
Crypto exchange Binance restores euro services after new fiat partners
Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September. In an Oct. 19 statement, Binance announced that it had signed agreements with new fiat partners for euro payments, deposits, and withdrawals. The move follows regulatory and debanking woes in the European Union, where the firm was forced to look for new banking partners after it lost the support of PaySafe in September. Binance said that users have already started being migrated to the…
Crypto exchange Binance restores euro services after finding new fiat partners
Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, one month after losing its previous fiat partner, PaySafe, in September. In an Oct. 19 statement, Binance announced it had signed agreements with new fiat partners for euro payments, deposits and withdrawals. The move follows regulatory and debanking woes in the European Union, where the firm was forced to look for new banking partners after losing support from PaySafe in September. Binance said users have already started migrating to the new services provided by “a…