Tag: Exchange

Exchange Giant Coinbase Lists Major Ethereum Rival, Spurring Short Price Explosion

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Top US-based crypto exchange Coinbase is adding Ethereum challenger Hedera (HBAR) to its roster of supported digital assets. Coinbase says that the token of the most widely-used enterprise grade public network for decentralized applications is already live on its platforms. “Hedera (HBAR) is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset.” The second largest crypto exchange platform by trading volume is rolling out support for HBAR amid growing use cases for…

Exchange Giant Coinbase Adds Support for Ethereum-Based Blockchain Video Game Altcoin As Markets Stumble

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Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. According to the announcement by the largest crypto exchange in the US, consumers should only trade ILV on the ETH network. “Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.”…

Brazilian Securities & Exchange Commission Defines Classification of Crypto Assets as Securities

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A recent guidance opinion document from the Brazilian Securities and Exchange Commission (CVM) discusses the topic of crypto-based securities. The document defines cryptocurrencies as digitally represented assets that are protected by cryptography technology and can be transacted with and stored using Distributed Ledger Technologies (DLT), while acknowledging that there is still a regulatory vacuum on the topic as a result of the lack of specific regulation. The new standards require that tokens that qualify as securities be digital representations of certain types of legal instruments. This includes certificates of deposit of…

Bitcoin to become ‘trusted means of exchange’ in EU: Bitcoin Amsterdam 2022

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With inflation becoming a bigger problem as time goes on, Bitcoin may become a better and more trusted means of exchange in Europe, according to politician Nigel Farage.  At the Bitcoin Amsterdam 2022, Cointelegraph reporter Gareth Jenkinson spoke with Nigel Farage, the former head of the pro-Brexit United Kingdom Independence Party, and discussed how the politician first heard about Bitcoin (BTC), the appeal of the cryptocurrency as a hedge against inflation and how it may be adopted broadly in Europe in the near future. According to Farage, he first discovered…

Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities – Regulation Bitcoin News

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The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene in these markets. Brazilian Securities and Exchange Commission CVM Addresses Crypto Securities Classification The Brazilian Securities and Exchange Commission (CVM) has issued a new guidance opinion document that touches on the issue of crypto-based securities. The document, which acknowledges there…

Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country – Mining Bitcoin News

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Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto Miners and Exchanges A draft law designed to create a regulatory framework for both the production and circulation of digital assets in Kazakhstan has been approved on first reading in the Mazhilis. The bill and…

Binance exchange burns $547M worth of BNB tokens

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Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady. Crypto exchange platform Binance has concluded its 21st quarterly Binance Coin (BNB) burn, eliminating around $547 million worth of BNB tokens from its supply.  In an announcement, Binance said that it had destroyed a total of 2,065,152 BNB tokens which is valued at just below $600 million at the time of writing. The exchange also mentioned that an added 4,833.25 BNB was burned through its Pioneer Burn Program, a mechanism that…

Crypto Exchange Coinbase Locks in Regulatory Approval To Expand to Singapore Market

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Digital asset trading platform Coinbase is announcing that it has received a license to operate in Singapore. Coinbase says that the Monetary Authority of Singapore (MAS) has granted the crypto exchange regulatory go-ahead to provide “digital payment token products and services” in the city-state. The Monetary Authority of Singapore, which is the city-state’s central bank and financial regulator, defines digital payment tokens as “digital representations of value that do not have a physical form, and are typically maintained using blockchain technology”. Coinbase says its presence in Singapore was growing even…