Tag: Exchange

South Africa to mandate crypto exchange licenses by year-end: Report

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South Africa’s financial regulator has announced that all crypto exchanges in the country will be required to obtain licenses by the end of the year, according to a report by Bloomberg. Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana stated that the FSCA has received approximately 20 license applications since its recent opening, and expects more before the November 30 deadline, Bloomberg reported. Kamlana further mentioned that if crypto exchanges continue to operate without a license after the deadline, the regulator intends to take “enforcement action,” which may involve fines…

Coinbase Stock (COIN) Explodes After Crypto Exchange Named in New Bitcoin ETF Filing

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Shares of Coinbase (COIN) are up after news that exchange operator Cboe Global Markets has refiled its spot Bitcoin exchange-traded fund (ETF) application. The U.S Securities and Exchange Commission (SEC) previously rejected Cboe’s application, which was filed on behalf of financial giants BlackRock and Fidelity, for being unclear and incomprehensive. Bloomberg senior ETF analyst Eric Balchunas said at the time that there were certain details that the SEC wanted, including the naming of a crypto exchange to help facilitate the ETF. “Basically [the] SEC wants them to name the ‘crypto…

Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis

CryptoX – Cryptocurrency Analysis and News Portal Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a “final offer” in the debt-restructuring talks over the bankrupt digital-asset firm Genesis, bringing months of negotiations and mediation to a head with a plan for $1.5 billion in forbearance payments and fresh loans. Original Source The post Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis appeared first on CryptoX. CryptoX Portal

Bitcoin exchange inflows and supply see unprecedented decline

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CryptoQuant bitcoin research indicates an 80% decline in the number of addresses logging inflows over a span of 612 days. This marks the largest decline ever recorded in the history of bitcoin. The analysis, which considers data from October 2021, highlights an even higher decline of 84% when compared to the peak in May 2021. A record high In the thread, CryptoQuant highlights the significant decrease in the amount of bitcoin being deposited into cryptocurrency exchanges…

Bankrupt Crypto Exchange FTX Plans Dramatic Comeback with FTX.com Relaunch

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After facing a high-profile collapse last year, bankrupt crypto exchange FTX is determined to make a comeback and revive its international platform, FTX.com. Despite the challenges posed by increased regulatory scrutiny, FTX is forging ahead with its plans under the leadership of CEO John J. Ray III, who took charge in November 2022 when the exchange filed for bankruptcy. The Wall Street Journal has confirmed that FTX has begun the process of soliciting interested parties to support the relaunch of FTX.com. The firm is engaging potential investors and exploring options…

Cboe’s BZX Exchange Names Coinbase for Surveillance-Sharing Agreement in Refiled Spot Bitcoin ETF Applications

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Cboe’s BZX Exchange has identified crypto exchange Coinbase as the designated market for its surveillance-sharing agreement. The exchange recently refilled its ETF applications on behalf of several aspiring bitcoin ETF issuers, including Fidelity, WisdomTree, VanEck, ARK Invest, Galaxy/Invesco, and BlackRock, media reports said. These companies hope to bring a spot bitcoin ETF that the U.S. Securities and Exchange Commission (SEC) has previously rejected for years. While BlackRock has filed its spot bitcoin ETF with Nasdaq, the other firms are collaborating with Cboe. On Friday, the SEC informed both Nasdaq and…

Flare Inks Partnership with aiPX to Debut New Perpetual Exchange

In addition to its focus on risk management and liquidity solutions, aiPX, the perpetual DEX built on Flare blockchain, offers a range of features designed to enhance the trading experience for users. In an exciting development within the blockchain space, Flare, a data-centric Layer 1 blockchain, has announced a partnership with aiPX to launch a decentralized non-custodial perpetual exchange on the Flare network. According to a press release shared with Coinspeaker, Flare’s native network will serve as the underlying infrastructure for aiPX, providing a robust and efficient foundation for the…

Former Genesis Trading CEO Michael Moro to Lead Groundbreaking Cryptocurrency Derivatives Exchange, Ankex

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Michael Moro, the former CEO of Genesis Trading, is set to lead Ankex, a newly established cryptocurrency derivatives exchange. Ankex, which emerged from the incubation phase within Qredo, a crypto custody tech firm, will commence alpha testing this week. The platform aims to provide users with a decentralized custody solution while incorporating features familiar to professional traders, such as a central limit order book. Following the recent collapses of centralized crypto-trading platforms like FTX, there has been a growing interest in decentralized finance (DeFi). However, Moro highlights that the trading…

Coinbase Files Motion To Dismiss SEC Case Against the Crypto Exchange

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Top US-based crypto exchange Coinbase is filing a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it. The SEC sued Coinbase earlier this month alleging that the platform was selling unregistered securities after it dubbed a number of crypto assets, such as Cardano (ADA), Solana (SOL), and Polygon (MATIC), as securities. However, Coinbase recently filed a motion with the Southern District of New York to dismiss the lawsuit, saying that the regulatory body lacks jurisdiction. In the filing, Coinbase argues that its transactions don’t qualify as…