Tag: Exchange

Ethereum exchange deposits surge while staked ETH hits ATH

Ethereum (ETH) sees market uncertainty as exchange deposits recently surged to a one-month high. Staked ETH on the Ethereum 2.0 deposit contract hit an all-time high. According to Glassnode, the value recently reached a one-month high, clocking in at 2,145. This indicator, which measures the flow of ETH into exchanges, typically raises concerns among investors. An increase in exchange deposits often signals bearish sentiment, implying a potential surge in selling pressure.  Investors seem eager to send their ETH holdings to exchanges, possibly anticipating a downward trend in the market. Moreover,…

London Stock Exchange Operator in Talks With Government To Launch New Blockchain-Powered Trading Venue: Report

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The London Stock Exchange Group (LSEG) is developing a new blockchain-powered trading venue, according to a new report. Murray Roos, a group head of capital markets at LSEG, tells the Financial Times that his company is “definitely not building anything around crypto assets.” Rather, Roos says they plan to use blockchain technology to make traditional asset trading more efficient. “The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent… and to have it regulated.” LSEG operates the London Stock Exchange, one…

Crypto Exchange Bitfinex Reports Holding Bitcoin on Its Balance Sheet

Along with holding Bitcoins on its balance sheet, Bitfinex also supports Bitcoin Layer 2 networks, such as the Lightning Network and the Liquid Network. Similar to some of the big corporates, crypto exchange Bitfinex announced that it’s holding Bitcoins on its balance sheet. Bitfinex has a longstanding practice of retaining a portion of its trading fee revenue in Bitcoin. This serves as a testament to its enduring commitment to the world’s first and largest cryptocurrency. However, an unnamed source told The Block that the exchange declined to comment on its…

London Stock Exchange will develop a blockchain-based project

According to an executive, the London Stock Exchange Group is moving forward with the development of a blockchain-powered trading venue. Murray Roos, head of capital markets at the LSE Group, explained to a Financial Times that Julia Hoggett, director of the London Stock Exchange, will lead the next blockchain project. Roos added that the institution has been researching the potential benefits of using blockchain for its new project, but it won’t be crypto-related. The executive stated that the idea would be to use blockchain technology to make the new project…

OKX crypto exchange enters final stage of Hong Kong VASP license application

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OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP license by March 2024. In an interview, Li Zhikai, the global chief commercial officer of OKX, said that it is actively engaged in a dialogue with the banks and is currently waiting for the group to be issued a license and start a business. The crypto exchange has started the preparatory work, such as technology docking. Hong Kong became a pro-crypto…

London Stock Exchange Group Plans to Embrace Blockchain Technology for Operational Efficiency

Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report by Financial Times. London Stock Exchange Group and Its Interest in Blockchain The reputable exchange has been in operation for centuries, facilitating the trading of stocks and other financial assets using traditional methods. The increasing…

London Stock Exchange to create traditional assets trading platform on blockchain

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The London Stock Exchange (LSE) Group is reportedly planning on creating a blockchain-based platform that will be offering traditional financial assets. According to a report by mainstream media outlet Financial Times, the company has been looking into the potential of a blockchain-based trading venue for a year. LSE Group’s head of capital markets Murray Roos said that the company’s efforts in looking into the blockchain had reached a point where they decided to move their plans forward. London Stock Exchange Group looks to build blockchain-powered trading venue: Financial Times#LSE #London…

Top US Crypto Exchange Coinbase Officially Rolls Out Trading Support for New PayPal Stablecoin PYUSD

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Coinbase customers can now buy and sell PayPal’s new US dollar-pegged stablecoin on the exchange’s website and mobile apps. The top US crypto exchange officially rolled out trading support on Thursday for PayPal USD (PYUSD), which aims to maintain a 1:1 peg with the US dollar. Coinbase first placed the asset on its listing roadmap last week. PayPal unveiled PYUSD earlier this month and said it is “backed by secure and highly liquid assets.” The payment giant’s customers can buy and sell the stablecoin through the PayPal app and website and…

Hong Kong’s first licensed crypto exchange HashKey launches fund

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied HashKey Capital, the first licensed crypto exchange in Hong Kong, has announced the launch of a new secondary market crypto fund. The fund will use a significant portion of its assets to invest in the cryptocurrency industry, targeting different cryptocurrencies. According to a report, the company has secured many potential high-net-worth Asian individuals and companies. The firm’s portfolio manager, Jupiter Zheng Jialiang, explained that the company will seek to raise $100 million for its fund over…

Crypto Exchange OKX Plans to Expand into India despite Murky Regulatory Environment

The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem.   Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an interview with CoinDesk, the platform’s Chief Marketing Officer Haider Rafique revealed that OKX was looking to scale up its wallet services by tapping into the rich local developer community. “We’re going to learn about the…