Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars worth of coins leaving exchanges weekly as investors moved them out. Even now, the exchange outflows have continued despite the recovery in the price of bitcoin and Ethereum, showing that investors are not slowing down their buying. Bitcoin, Ethereum Net Flows Still Negative The exchange net flows for the past two weeks have been coming out negative for both Bitcoin and Ethereum. The same has been the case…
Tag: Exchange
Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases
Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin. Source
Binance’s Changpeng Zhao Addresses Reuters, Says Inaccurate Reports Targeting Crypto Exchange
Binance CEO Changpeng Zhao (CZ) is speaking out on recent allegations in the media, saying that the exchange is being targeted with inaccurate and sometimes unethical reporting. In a new company blog post, CZ responds to a Reuters story published today that alleges the company has been dodging regulators in the US and UK. Zhao says that Reuters probed Binance prior to the story, and while CZ is happy to answer questions, the crypto billionaire says that the reporters signaled an attempt to report on his family and personal life.…
Ethereum-Based Altcoin Project Jumps After Crypto Exchange Coinbase Adds It to Listing Roadmap
An Ethereum (ETH)-based altcoin is rallying following news that top US crypto exchange Coinbase has added the project to its listing roadmap. Lido DAO (LDO), a staking service for Ethereum and other blockchain projects, has seen more than a 16% price increase in the days following Coinbase’s announcement via Twitter. For transparency purposes, Coinbase adds projects to its listing roadmap as a precursor to making them available for trade on its exchange and announces the additions via Twitter. Lido DAO and its ERC-20 token LDO aims to allow users to…
USDC Trading Now Available on the Kinesis Exchange
October 17, 2022 – London, United Kingdom Kinesis, the world’s leading gold and silver-based monetary system, has listed the fiat-based stablecoin, USD Coin (USDC) on the Kinesis Exchange. USDC is the fourth-largest cryptocurrency by market capitalization and the second-largest USD stablecoin in the cryptocurrency industry, with over 49 billion USDC tokens currently in circulation. Now live on the Kinesis Exchange, USDC will be tradeable against the US dollar, selected leading cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) and Kinesis’ native gold and silver-based stablecoins, Kinesis Gold (KAU) and Kinesis Silver…
Crypto Exchange FTX US Under Investigation by Texas Regulator Over Securities Allegations
“As more fully explained throughout this declaration, I am aware that FTX Trading, along with West Realm Shires Services Inc. dba FTX US (‘FTX US’), may be offering unregistered securities in the form of yield-bearing accounts to residents of the United States. These products appear similar to the yield-bearing depository accounts offered by Voyager Digital LTD et al., and the Enforcement Division is now investigating FTX Trading, FTX US, and their principals, including Sam Bankman-Fried,” Rotunda wrote. Source
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Decentralized Exchange Pulls In $165,000,000 in Fundraising Round Amid Ongoing Crypto Bear Market
The developers behind the world’s largest decentralized crypto exchange (DEX) by trading volume are securing $165 million in additional investment amid the ongoing bear market. Hayden Adams, the chief executive of Uniswap Labs, says his team raised that total in a Series B funding round led by Polychain Capital. Uniswap Labs is the team that created the Uniswap (UNI) DEX. The funding round also included participation from longtime Uniswap investors a16z crypto, Paradigm, SV Angel, and Variant. Adams tells Fortune that the exchange is not currently profitable. He notes Uniswap…
Crypto Exchange Binance Announces $500,000,000 in Funding To Support Critical Bitcoin Sector
The world’s largest crypto exchange platform is announcing plans to raise hundreds of millions of dollars to support Bitcoin (BTC) mining. In a new company press release, Binance says it is launching a $500 million fundraising pool to support the crypto mining industry. “As one of the world’s leading crypto mining pools, Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem. In light of current market conditions, Binance Pool is launching a $500 million lending project to support crypto miners and digital infrastructure providers. The first…
Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings – Economics Bitcoin News
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces ‘Qatar’ and ‘Coldplay’ Into Its Dollar Exchange Rate Arsenal While Argentina has been applying dollar exchange control measures since some time ago, the government is establishing even more types of rates for different purposes, making…