Tag: Exchange

Russia intends to launch a ‘national crypto exchange’

boss

Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country.  As local media reported on Nov. 23, members of the lower chamber of the Russian parliament, the Duma, have been in discussions regarding amendments to the country’s existing cryptocurrency legislation “On digital financial assets” with market stakeholders. The amendments, which would lay down a legal framework for a national exchange,…

Gemini Says Crypto Exchange Working To Find Solution for Users To Redeem Funds From Struggling Earn Product

boss

The crypto exchange Gemini says it’s working to “find a solution” so its customers can redeem funds from its interest-earning program, Gemini Earn. The program was impacted last week when its leading partner, blue-chip crypto lender Genesis, halted customer withdrawals due to liquidity issues stemming from the collapse of 3AC and FTX. Says Gemini this week, “We continue to work with Genesis Global Capital, LLC (Genesis) — the lending partner of Earn — and its parent company Digital Currency Group, Inc. (DCG) to find a solution for Earn users to…

What Is a Crypto Exchange Token and How Did It Help Blow up FTX?

“Binance was the first to launch, and it was really successful. And when you’re successful, you get copycats,” Katie Talati, co-founder and director of research at the crypto asset manager Arca, said. “Huobi, OKX, they all launched their own token and, going forward, it has been standard. FTX didn’t launch until the second half of 2019, and at the same time they launched their token.” Source

Bitcoin Wallet of the Failed BTC-e Exchange Wakes Up

boss

Vinnik, a Russian national, faced competing extradition claims from Russia, France and the U.S. He was extradited to France from Greece in 2020, and sentenced to five years in prison for money laundering. This August he was extradited to the U.S. to face allegations of “computer intrusions and hacking incidents, ransomware scams, identity theft schemes, corrupt public officials and narcotics distribution rings,” according to a 2020 indictment by the California court. He is now at the Santa Rita Jail in Dublin, California, according to the court case docket. Source

Profit Loss UPDATE – Buy HODL Bitcoin Investment vs KuCoin Infinity Crypto Trading GRID BOT Strategy

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Profit Loss UPDATE – Buy HODL Bitcoin Investment vs KuCoin Infinity Crypto Trading GRID BOT Strategy KUCOIN Exchange: Register and trade via my referral link to enjoy 10% discount on trading fees at Original Deployment Video: JOIN the RECON Trader YouTube Channel Membership: Recon Trader Telegram: Recon Trader Twitter: Website: www.recontrader.com Email: info@recontrader.com #bitcoin #bitcointrading #cryptotrading ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin – Exchanges Bitcoin News

boss

Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform Bitpanda has secured “a crypto custody and proprietary trading licence for crypto assets from the German Federal Financial Supervisory Authority (BAFIN).” According to Bitpanda, securing the license means the crypto exchange has become the “first…

FTX collapse triggers second thoughts on Busan City’s crypto exchange plans

boss

The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange. South Korea’s second-largest city, Busan, is reportedly reconsidering its plans to build a local crypto exchange as a consequence of the FTX collapse, the local news agency Yonhap reported on Nov. 23. The government and financial authorities of Busan have become increasingly concerned about the concept of a public-private digital exchange amid the FTX contagion. “In view of various conditions, it is unreasonable for the…

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears – Exchanges Bitcoin News

boss

Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to Launch Banking Services Through Bitybank While several traditional banking institutions are now offering or considering offering cryptocurrency-related services in Brazil, crypto-centric applications are also seeking to include traditional financial instruments in their services portfolio. Bitpreco,…