Tag: Exchange

Crypto Exchange Huobi Global Enables Cryptocurrency Purchases With Fiat in Latin America

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Crypto Exchange WazirX to Delist USDC in Boost for Binance’s Stablecoin

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BUSD, while technically the third largest stablecoin by market cap, is not nearly as popular as top tokens USDC and USDT; most of the asset sits dormant on Binance’s exchange. But Binance’s efforts to boost BUSD at the expense of USDC are paying early dividends for its adoption. Since Binance announced the transition, BUSD daily transactions have increased by an average of 15%, according to data website Nansen. Source

Will the Bitcoin mining industry implode soon? BTC miners explain

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Tune into the first edition of Cointelegraphโ€™s research panel, where weโ€™ll talk about BTC mining and the opportunities that waste provides for miners. We will also debunk the myth that Bitcoin is bad for the environment by having a complex view of the tendencies of energy use for crypto. Donโ€˜t miss out on this informative and educational conversation with our four guests! 0:00 Intro 2:15 How can Bitcoin mining fix the waste and underuse of energy? 6:30 What are some of the…

Indian exchange WazirX follows Binance in delisting USDC

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Major Indian cryptocurrency exchange WazirX has opted to delist the USD Coin (USDC) from its platform and convert the remaining balances into Binance-backed Binance USD (BUSD) stablecoin. WazirX officially announced on Monday that it has stopped deposits of USDC alongside other stablecoins like Pax Dollar (USDP) and TrueUSD (TUSD). According to the announcement, the platform will instead offer the BUSD stablecoin to enhance liquidity and capital efficiency for users. WazirX will implement BUSD auto-conversion for users’ existing balances of USDC, USDP and TUSD at a 1:1 ratio on Oct. 5,…

British regulator lists FTX crypto exchange as ‘unauthorized’ firm

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The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue to outweigh those signed up with the FCA.ย  A warning note, dated Sept. 16, claims that the firm โ€œmay be providing financial services or products in the UK without authorization.โ€ Addressing the potential customers, the FCA notes that they wonโ€™t be able to get their money back or seek the protection of…

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Decentralized exchange GMX suffers $565K price manipulation ‘exploit’

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Decentralized exchange (DEX) GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market. The unidentified exploiter is understood to have capitalized on GMXโ€™s โ€œminimal spreadโ€ and โ€œzero price impactโ€ features to pull off the exploit, which impacted GLP token holders who provided liquidity in the form of AVAX (the Avalanche token) to GMX. GMX confirmed the price manipulation exploit in a Sept. 18 post on Twitter, but stated that the AVAX/USD market would remain open despite imposing…