Exchange volume has dropped by 23% as market concern grows around the health of Huobi Source
Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
Tag: Exchange
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys – Bitcoin News
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader Napoli Secures Crypto Sponsorship From Korea’s Dunamu and Upbit SSC Napoli, the current leaders in the Italian professional soccer league, Serie A, and Dunamu Inc. announced a partnership that will make the Korean fintech firm the official back-of-shirt and crypto-exchange…
Crypto Exchange Binance Controlled 92% of Bitcoin Spot Trading Volume at End of 2022: Arcane Research
Chatter about the solvency of Binance increased significantly after the collapse of FTX, and the exchange did suffer some outflows for a short period, though things have stabilized since. A market share this high could become problematic for the industry if Binance were to encounter any issues, whether regulatory or mistrust from users. Source ArcaneBinanceBitcoinControlledCryptoExchangeResearchSpotTradingVolume CryptoX Portal
Coinbase Reaches Massive Settlement With Regulator After Someone Pulls Off $150,000,000 Fraud Through Exchange
Top US-based crypto exchange Coinbase has reached a settlement with regulators after bad actors stole $150 million using the platform. According to a memo from New York’s Department of Financial Services, Coinbase must pay $50 million in fines to the regulator, plus invest an additional $50 million in bolstering its internal compliance programs over the next two years. The memo says that Coinbase does the “bare minimum” to verify its customers and stifle illicit activities, which ultimately lead to a $150 million heist that occurred in mid-2021. The regulator says…
Indonesia to Float Crypto Exchange This Year
In Indonesia today, a total of 383 digital currencies and 10 local tokens can be traded by investors on approved exchanges in the country. The Indonesian government may be moving in a positive direction with respect to its plans to support the growth of the crypto ecosystem on its shores and is set to float a crypto exchange before the end of this year. As reported by Bloomberg, the country is making this move, which has long been in the plan, ahead of its proposed plans to cede regulations of…
Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License – Regulation Bitcoin News
The Nigerian crypto exchange Roqqu recently announced that it obtained a virtual currency license that allows it to offer its services in 28 European countries. According to Israel Ololade, the head of product at Roqqu, the European Union license “aligns with the brand’s drive to become the number one blockchain and crypto company globally.” Crypto Adoption Lags Behind in Europe The Nigeria-based cryptocurrency exchange Roqqu was recently granted a European Union (EU) virtual currency license, enabling it to offer its services to users in 28 European countries, a statement released…
Indonesia to launch national crypto exchange in 2023: Report
As a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according to reports. The platform is planned to be launched prior to a shift of regulatory power from commodities to securities authority. On Jan. 4, the head of the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), Didid Noordiatmoko, stated that a crypto exchange should be set up this year. The move comes as a part of broader financial reform launched in December 2022. In accordance with the reform, in the next two…
Arcane crowns the exchange 2022’s winner
During a year plagued by crises such as the collapse of FTX and Celsius, data shows that crypto exchange Binance has emerged as the clear “winner” of 2022 according to Arcane Research. A Jan. 3 report from Arcane highlighted that Binance saw its market dominance soar throughout 2022. As of Dec. 28 last year it had captured 92% of the Bitcoin (BTC) spot market and 61% of the BTC derivatives market by volume: “There are no other evident ‘winners’ of 2022 other than Binance when it comes to the crypto…
Crypto Exchange Upbit Strikes Deal with Italian Football Club Napoli
Upbit, a South Korea-based cryptocurrency exchange, has signed a back-of-shirt partnership agreement with Italian football club SSC Napoli. The deal will remain active until the end of the 2023/24 season of the Series A and Coppa Italia football contests. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! Speaking on the deal, Tommaso Bianchini, Napoli’s Chief International Development Officer noted that the partnership is evidence of the club’s positive inclination towards the…
Ex-Bithumb Chairman Acquitted in South Korea $100M Crypto Exchange Fraud Trial: Report
Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing. Source