Tag: Exchange

Two Under-the-Radar Altcoins Kick Off Trading on Digital Assets Exchange Crypto.com

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Singapore-based digital assets exchange Crypto.com is continuing its listing spree and adding support for two more low-cap altcoins. Earlier this week, the exchange listed HIGH, the native asset of open-world metaverse game Highstreet. The game offers virtual real estate and an online shop, and can be played via virtual reality on standard computers as well as on smartphones. HIGH is trading for $1.82 at time of writing and is down nearly 2% in the past day and nearly 9% in the past week, according to CoinGecko. The crypto asset is…

Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

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Crypto exchange platform Gemini is rolling out staking services for blockchain scaling solution Polygon (MATIC). The exchange is making Polygon staking available to customers in the United States (excluding New York), Hong Kong and Singapore, per a new announcement. Gemini also plans to roll out staking for other prominent altcoins, such as Ethereum (ETH), Solana (SOL), Polkadot (DOT) and Audius (AUDIO) soon. Says the New York-based exchange of the new feature, “At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just…

USDC Exchange Reserve Spikes – Can This Help Push Bitcoin Back Up?

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On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop. USDC Exchange Reserve Observes Sharp Rise In Recent Days As pointed out by an analyst in a CryptoQuant post, the large amount of USD Coin that flowed into exchanges recently could be deployed to act as fuel for Bitcoin. The “exchange reserve” is an indicator that measures the total amount of USDC currently sitting in wallets of all centralized exchanges. Since stablecoins are tied to fiat (which in…

Aussie exchange Swyftx cuts staff by 21% amid bear market

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Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market. According to an Aug. 17 note from co-CEOs Alex Harper and Ryan Parsons stated that 74 colleagues had to be let go, as the current economic climate that they were hired in has shifted dramatically to what it is today: “As you’re all aware, we are operating in an uncertain business environment, with levels of domestic inflation not seen in over two decades, rising interest rates,…

Robinhood lands steep 60% discount on $170M exchange acquisition: Report

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Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions. The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market conditions. Ziglu CEO Mark Hipperson reportedly accepted the offer on Aug. 18. Robinhood is said to have highlighted a host of factors including the bear market, the implosion of several major centralized crypto lenders BlockFi,…

Kraken CEO Jesse Powell Says Crypto Exchange Will Be Forced To Freeze Funds Coming From Tornado Cash

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Kraken CEO Jesse Powell says that the US government’s decision to sanction Tornado Cash leaves the crypto exchange with no option but to block funds coming in from the coin mixing service.  Earlier this month, the U.S. Treasury Department banned Americans from using of Tornado Cash, citing national security concerns as the agency claims the protocol has been used to launder $7 billion worth of crypto assets since 2019.  In a new interview with Bloomberg, the head of the crypto exchange says that there are still a lot of people…

Crypto Exchange Coinbase Adds Support for Altcoin Built on Ethereum (ETH) As Markets Pause

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An interoperability protocol focused on ease of use just joined the leading US-based crypto exchange’s trading roster. In a new post, Coinbase says that Celer Network (CELR) is now live across its entire platform, including on the iOS and Android apps. The Celer Network scaling platform was built on Ethereum (ETH) and is designed to enable off-chain transactions in a secure manner. The project aims to be a “multi-blockchain operating system” that offers a one-click user experience for a variety of niches, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming,…

Run-To-Earn Game STEPN Teams Up With Atlético de Madrid and Crypto Exchange WhaleFin for NFT Sneaker Collection

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“Through such prestigious collaborations, we are creating win-win partnerships for partner brands and also the users through real-world rewards and perks,” Chief Marketing Officer Shiti Ragosti told CoinDesk. “STEPN also realizes its mission of taking the world of Web3 to wider sporting communities through these collaborations and partnerships onboarding more users.” Source

Korean financial watchdog to block tens of unregistered exchange websites

Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms. The FIU has notified its investigative authority that 16 virtual asset service providers have been carrying out business without the necessary registrations. Major exchanges, including the likes of KuCoin, Poloniex and Phemex, were listed alongside 13 other exchanges that are set to be hamstrung by the FIU. All 16 exchanges have purportedly engaged in business activities targeting domestic consumers by offering Korean-language…