Tag: Exchange

Crypto Markets Explore Alternatives of Silvergate Exchange Network

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Silvergate Bank recently announced the closure of Silvergate Exchange Network (SEN), which facilitated off-blockchain money transfers between major investors and crypto exchanges. The decision was made due to concerns about Silvergate Capital Corp’s ability to continue as a “going concern.” With the discontinuation of SEN, analysts evaluate the network’s true value as a core part of the nascent crypto-markets infrastructure and explore alternative options, such as other blockchain firms or traditional banks, to fill the gap left by SEN. SEN enabled accounts to transfer money  at Silvergate instantly between each…

DeFi Protocol Maverick Protocol Unveils UniSwap Rival Decentralized Exchange on the Ethereum Blockchain with Novel Automated Market Maker

“One of the biggest challenges that crypto faces in realizing its potential as the future of finance is how to increase on-chain liquidity,” Paul Veradittakit, managing partner at digital asset investment firm Pantera Capital, investor in Maverick. “Maverick makes liquidity work harder, and opens the door to the next phase of DeFi’s expansion and development.” Source link

Crypto Exchange Bitget Inks Sponsorship Deal with Juventus Women’s Team

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Bitget, the cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the…

Solana (SOL)-Based Altcoin Skyrockets 266% After Earning Support From Top Crypto Exchange

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A Solana (SOL)-based altcoin is exploding in price after earning surprise support from top Korean cryptocurrency exchange UpBit. According to UpBit, the crypto change is adding support for Access Protocol (ACS), which is a new content monetization crypto project built on top of Solana and Ethereum scaling solution Starknet. UpBit, which has the largest trading volume of any exchange in Korea, says trading of ACS on its platform is to begin March 7th. News of the listing sent the price of Access Protocol soaring by 296%, from a low of…

Signature Bank, Stablecoins Might Benefit From Silvergate Bank Crypto Exchange Network’s Demise

Now, the network has been shut down – closed last week as the bank’s parent company, Silvergate Capital Corp., acknowledged there were questions about its ability to continue as a “going concern,” and that it would be late in filing an annual report with securities regulators. Even before the announcement, key users of SEN, including the crypto firms Coinbase, Gemini, Paxos, Circle, Galaxy Digital, Cboe Digital and Bitstamp, were already dropping off, citing the need for caution. Source

Elon Musk-Inspired Shiba Inu (SHIB) Competitor Rises on New Crypto Exchange Listing

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A Shiba Inu (SHIB) and Dogecoin (DOGE) rival is bouncing after earning new support from a popular Korea-based crypto exchange. Floki Inu (FLOKI), which recently broke into the top 100 crypto assets by market cap, jumped from a 24-hour low of $.00004089 to a high of $.00004701 as news of listing spread – representing a 15% increase. The bounce, which has since retraced to a 4.4% increase, came as FLOKI perpetual trading went live on DigiFinex. “FLOKI perpetuals is live on DigiFinex! You can now trade FLOKI with up to 100x leverage…

Crypto Exchange Binance Approached SEC Chair Gary Gensler in 2018 To Offer Advisory Position: Report

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The world’s largest crypto exchange, Binance, reportedly recruited current U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler for an advisory role back in 2018. According to the Wall Street Journal (WSJ), Binance employees approached Gensler when he was a professor at the prestigious US university, Massachusetts Institute of Technology. Chats viewed by the WSJ show that a Binance staffer believed that Gensler would likely be “back in a regulator’s seat if Dems win the 2020 election.” Per the report, Gensler declined the advisory position but offered Binance licensing strategies.…

Crypto Exchange Hacks and Insurance: Risks, Coverage, and Limitations

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In recent years, cryptocurrency exchanges have become a popular target for hackers, resulting in significant losses for both investors and exchanges. As a result of these threats, some exchanges have begun to offer insurance to protect their clients’ funds in the event of a hack. In this article, we will look at the risks associated with cryptocurrency exchange hacks, as well as the different types of insurance available and their limitations. Cryptocurrency Exchange Hacking Dangers Cryptocurrency exchanges are centralized platforms that facilitate cryptocurrency buying and selling. Because cryptocurrencies are so…

Crypto Exchange Kraken To Launch New Crypto Bank in US Amid Regulatory Issue

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US-based crypto exchange Kraken is still launching a new Wyoming-based crypto bank despite the U.S. Securities and Exchange Commission’s (SEC) recent banning of the exchange’s staking service. Kraken Support directly told a Twitter user that Kraken Bank is still on its way, with an initial offering to customers in the USA. “Kraken Bank is not open yet but on its way. The offering will initially be available to existing Kraken clients in the USA with potential international expansion in the future.” Kraken announced in 2020 that it is officially opening a crypto bank,…