Cryptocurrency exchange Binance hired Steven Christie as its senior vice president (SVP) of compliance from rival Kraken in May, according to a Wall Street Journal (WSJ) report Friday. Source
A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. The company positions its ETP as a “sustainable and climate-friendly” exposure to Bitcoin with a management fee of 1.49%. The alignment with global environmental goals and Environmental, Social and Corporate Governance (ESG) is reportedly achieved through funding certified carbon removal and offset initiatives to neutralize the associated BTC carbon footprint. To structure the ETP, Valour partnered with Patch — a…
Israeli-based crypto exchange Bits of Gold became the first crypto firm in the country to receive a license from the Capital Markets Authority according to social media posts from the company on Sept. 18. As a result of attaining the license, Bits of Gold will be able to store digital currencies through secured custody in a “Bits of Gold Wallet” they have been working on for some time. It will also start providing a service that enables banks and other financial institutions to connect to its digital asset services. In…
Crypto exchange Coinbase will begin offering its services in the Netherlands after winning approval to operate in the country, which has the fifth largest economy in the European Union. Coinbase says they are now the first major global crypto exchange to successfully register with the Dutch Central Bank, the central bank of the Netherlands. The achievement is part of the company’s continued expansion in countries outside of the United States. Nana Murugesan, Coinbase’s vice president of international and business development, says the approval illustrates how the company is working to…
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed for quite some time. Following the intervention, the yen rallied as the U.S. dollar took a steep dive against the Japanese yen during Thursday’s trading sessions. However, the greenback has stepped back up to the…
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“The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,” Nana Murugesan, Coinbase’s VP of international and business development, said in a statement. Source
Aquis Exchange (LON: AQX) released its unaudited financial results for the first six months of 2022, reporting net revenue of £8.3 million. It was a year-over-year increase of 21 percent from £6.9 million in H1 2021. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. However, the EBITDA of the exchange came down to £1.4 million from £1.6 million with a significant investment in technology and manpower, as pointed out in the LSE…
The exchange is raising the money as it considers acquisitions. Source
Two of the world’s leading crypto exchanges have reportedly submitted their bids to acquire the assets of embattled crypto lender Voyager Digital. Citing people familiar with the matter, The Wall Street Journal reports that Binance is willing to pay about $50 million to take over Voyager’s properties, which is slightly higher than what FTX bid for. Voyager is auctioning the remainder of its assets as part of a restructuring plan after it filed for bankruptcy as a result of the bear market. Its financial woes worsened when crypto hedge fund…