Tag: Exchange

3AC founders run into fresh trouble in Dubai over new exchange OPNX

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The co-founders of failed crypto hedge fund Three Arrow Capital, Su Zhu and Kyle Davies, have run into fresh trouble over operating and promoting their new digital-asset exchange OPNX without the required local license in Dubai. According to a report published in Bloomberg, Dubai’s Virtual Assets Regulatory Authority (VARA) sent a written notice to Zhu and Davies along with two other executives of OPNX. The digital asset regulatory body, in a statement to Bloomberg, said they are still investigating the activities of the newly found exchange and reportedly assured corrective…

Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’

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Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO seemingly unfazed by the market’s “regulatory risk.” In an interview with The Australian on May 1, Coinjar CEO and co-founder Asher Tan said he saw opportunity despite a recent wave of U.S. crypto firms sounding alarm bells over the government’s approach to regulation. “Where other exchanges see regulatory risk, we see opportunity,” he said, adding: “We’ve always understood that regulation has a key role to play in crypto’s future and…

Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways

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The world’s largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate. Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD). TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap. Dogecoin is trading at $0.0806 at time of writing. The ninth-ranked crypto asset by market cap is up 0.25% in the past 24 hours, 2.7% in the past seven days, and more than 7% in the past…

$1,505,416,204 in Bitcoin (BTC) Flows Into Binance Crypto Exchange in Just 30 Days: On-Chain Data

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Over $1.5 billion worth of Bitcoin (BTC) has flowed into the world’s largest crypto exchange platform by volume in the last 30 days. New on-chain data from market intelligence platform Coinglass reveals that Binance currently holds 588,129 Bitcoin at time of writing, 51,386 of which came in just this month. Coinglass further finds that 22,590 of the BTC came in during the last seven days while nearly 5,000 tokens came in during the last 24 hours. Other prominent crypto exchange platforms that saw significant BTC movement during the last month…

Shiba Inu (SHIB) Ecosystem Altcoin Defies Crypto Market Doldrums Amid New Exchange Listings This Week

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A crucial Shiba Inu (SHIB) ecosystem altcoin is defying the sideways crypto market trend this week, surging more than 16% amid a flurry of new exchange listings. The altcoin, Bone ShibaSwap (BONE), is trading at $1.06 at time of writing, up from $0.913 seven days ago. The 165th-ranked crypto asset by market cap will be used to pay for gas fees on Shibarium, the much anticipated layer-2 project designed to make the Shiba Inu ecosystem more efficient, similar to Polygon (MATIC) on Ethereum (ETH). Shibarium launched its beta version, “Puppynet,”…

Binance to reenter Japan via acquired regulated exchange SEBC

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Crypto exchange Binance is set to reenter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to reenter the Japanese crypto market. According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date. Users of the SEBC exchange must withdraw their funds before the deadline…

Binance to re-enter Japan via acquired regulated exchange SEBC

Crypto exchange Binance is set to re-enter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to re-enter the Japanese crypto market. According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date. Users of the SEBC exchange must withdraw their funds before the deadline…