Tag: Exchange

Coinbase gets Bermuda license, offshore exchange could launch next week: Report

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United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it’s reportedly set to launch a derivatives exchange based there as soon as next week. According to an April 19 blog post, Coinbase revealed it had “received our regulatory license to operate from the Bermuda Monetary Authority” — the nation’s financial regulator. The license, a Class F License under the Digital Asset Business Act, allows Coinbase to conduct a range of activities such as token sales and issuance, and operate as both a digital asset exchange and…

Bitcoin on-chain fundamentals stay solid as investors hold tight amid exchange outflows

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode data reveals long-term holding trends and exchange net outflows for bitcoin, indicating increased investor confidence. As the world of cryptocurrency continues to evolve, recent data from blockchain analytics firm Glassnode paints an intriguing picture for bitcoin investors. The number of addresses holding at least 1 bitcoin (BTC) has reached an all-time high (ATH) of 994,298, and the percentage of the bitcoin supply last active two or more years ago has also hit an ATH of…

Tribe Capital considers reviving bankrupt crypto exchange FTX: Report

Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18. The venture capital firm is reportedly contemplating leading a $250 million fundraising campaign, anchored by $100 million from itself and its limited partners. According to Bloomberg, sources familiar with the matter say that Tribe co-founder, Arjun Sethi, met with FTX’s Committee of Unsecured Creditors in January to discuss the informal proposal.  Bloomberg also reported that…

Crypto Exchange Bybit Opens Global Headquarters in Dubai

The exchange has expressed its commitment to building a diverse and dynamic team both in Dubai and globally. Cryptocurrency exchange Bybit has opened its global headquarters in Dubai, with plans to strengthen its presence in the Middle East and North Africa (MENA) region. The firm’s corporate headquarters occupies an entire floor at One Central, Dubai World Trade Centre with an open space of 16,000 square feet. 👉🏻 Join our Dubai HQ Opening Celebration here: https://t.co/syICipGF4x — Bybit (@Bybit_Official) April 18, 2023 Bybit is among the first exchange services to receive…

Crypto Exchange Luno to Withdraw From Singapore

CryptoX – Cryptocurrency Analysis and News Portal Luno has informed the Monetary Authority of Singapore (MAS) that is withdrawing its application for a license to operate in the southeast Asian city state. The exchange said it has taken the decision as part of an “evaluation of [its] global strategy and presence.” Source The post Crypto Exchange Luno to Withdraw From Singapore appeared first on CryptoX. CryptoX Portal

Top Ethereum Altcoin Explodes 47% in One Week As Whales Send Millions of Tokens to Crypto Exchange

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A couple of crypto whales unloaded millions of Arbitrum (ARB) after the popular Ethereum (ETH) scaling solution witnessed significant gains this week. Blockchain tracker Lookonchain notes that the largest buyer of Arbitrum on its first day of listing back in March transferred a large stack of nearly 10,000 ARB, worth about $17 million, to top crypto exchange Binance a few days ago. Source: Lookonchain/Twitter A separate ARB whale also transferred its entire Arbitrum bag, worth $18 million, to Binance on Friday, according to Lookonchain. “The whale with 11 million ARB…

SEC Commissioner Hester Peirce States Proposed Amendments to Definition of ‘Exchange’ Render Innovation ‘Kaput’ – Regulation Bitcoin News

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Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to Peirce, the institution is now expanding its reach to solve “problems that do not exist,” stifling innovation in the process. SEC Commissioner Hester Peirce Issues Dissenting Opinion U.S. SEC Commissioner Hester Peirce, also known in cryptocurrency circles as “crypto mom,” has written a letter blasting the recent decision of the Commission to amend the…

New Meme Coin DigiToads (TOADS) Token To List on BitMart Exchange

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April 15, 2023 – Mahe, Seychelles The crypto market has been red-hot recently. Bitcoin ripped past $30,000 and Ethereum staking withdrawals will go live, breaking the $2,000 price point – while Bitcoin’s dominance dropped, its price climbs, which means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads (TOADS), has confirmed it will list on the BitMart exchange soon. The DigiToads presale has already raised more than $1.35 million, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity.…