IntoTheBlock says one decentralized exchange (DEX) is now competing with Curve’s (CRV) dominance over the decentralized finance (DeFi) space. IntoTheBlock reports that Uniswap’s (UNI) total value locked (TVL) briefly surpassed Curve’s this week. Curve had been the top DEX in terms of TVL for more than a year, according to the analytics firm. Source: IntoTheBlock The TVL of a blockchain represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. IntoTheBlock…
Tag: Exchange
FTX Attempting To Purchase South Korea’s Second-Largest Crypto Exchange: Report
A new report claims an FTX deal to buy the South Korean crypto exchange Bithumb is currently in “advance talks.” According to a new report from Bloomberg, a person familiar with the matter says the two exchanges have been working on the deal for months. Bithumb is South Korea’s second-largest crypto exchange, according to Statista. The exchange’s offices were raided earlier this week by South Korean prosecutors investigating the collapse of Terra (LUNA) and its stablecoin TerraUSD (UST), according to the Seoul-based Yonhap News Agency. Bloomberg also reports that FTX…
FTX May Acquire Leading South Korean Exchange Bithumb
FTX, the leading crypto trading platform, is in advanced talks to buy Bithumb. Allegedly, both companies have been in discussions for several months, and yet there are no deals confirmed. Along with Upbit and Coinone, Bithumb is one of the top centralized South Korean-based crypto exchanges. It currently lists 188 cryptocurrencies and was established in 2014. In terms of daily trading volume in late November 2021, it has reached over $3 billion, according to data from CoinGecko. Currently, the value has dropped down to around $558 million. Multiple crypto companies…
Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit
As evidence, the Cred Liquidation Trust points out that Cred’s founder, Dan Schatt, was a member of Uphold’s Board of Directors. The suit also claims CredEarn was at one time supposed to be called UpholdEarn. It was renamed, says the suit, to avoid regulatory risk. Original Source BlamesCredCryptoDemiseExchangefailedLenderSuitUphold CryptoX Portal
Failed Crypto Lender Cred Blames Uphold Exchange for Its Demise in Suit
As evidence, the Cred Liquidation Trust points out that Cred’s founder, Dan Schatt, was a member of Uphold’s Board of Directors. The suit also claims CredEarn was at one time supposed to be called UpholdEarn. It was renamed, says the suit, to avoid regulatory risk. Source
Digital Assets Exchange Crypto.com Adds Support for Two Surging Altcoins
Singapore-based digital asset exchange Crypto.com is rolling out support for two surging, low-cap altcoins. The crypto exchange listed the native token of Marlin (POND), an open protocol offering network infrastructure for decentralized internet and decentralized finance (DeFi). Marlin uses incentives to attract more applications and platforms to join the network. The POND token is used in staking and for governance. POND is trading for $0.013 at time of writing. The 416th-ranked crypto asset by market cap is up 14% in the past 24 hours and nearly 20% in the past…
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Exchanges Bitcoin News
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, has delayed a 17.85-billion-baht ($487 million) bid to acquire 51% of the largest crypto exchange in Thailand, Bitkub. The bank, which is the kingdom’s oldest lender, postponed the deal indefinitely as Thai regulations continue to…
Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies – Bitcoin News
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month. Bit2me Drops 2gether Customer Absorption Deal Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this month. Bit2me, another…
Exchange brasileño Mercado Bitcoin lanzará operaciones en México este año, según CEO
La compañía holding de Mercado Bitcoin, 2TM, levantó $200 millones de Softbank hace menos de un año con el propósito de utilizar parte de esos fondos para expandirse por América Latina. Aunque la compañía ingresó a Portugal a través de una adquisición hace menos de un año, en América Latina continúa operando solamente en Brasil. Original
Bit2Me compra al exchange peruano Fluyez y planea más adquisiciones en América Latina
La compra de una participación del 85% fue por más de un millón de euros ($1.02 millones), dijo a CoinDesk el COO de Bit2Me, Andrei Manuel, sin especificar una cifra exacta. Fluyez, que entró en operaciones en marzo de 2021, continuará siendo liderada por Luis Eduardo Berrospi, cofundador y CEO de la firma. Source