Tag: Exchange

Ethereum supply plunges 37% on crypto exchange post the Merge upgrade

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Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in the exchange supply over the past six months post-Merge. Ethereum network went under a major network upgrade in September last year, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network and the event was called the Merge. According to on-chain data shared by the crypto analytic group Santiment, the amount of available ETH sitting on exchanges continues to fall. Since the Merge, there is 37% fewer ETH on exchanges. A constant decline in supply on…

DBS Sees 80% BTC Trading Surge on DDEx Exchange in 2022

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DBS Group Holdings, an investment holding company from Singapore, announced on Wednesday that its DBS Digital Exchange (DDEx) crypto exchange Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins…

Investment banking giant Nomura’s crypto arm invests in institutional hybrid DeFi protocol Infiniti Exchange

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Exchange pulls plug on DeFi multi-token wallet

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Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing ‘strategic and product adjustments’. As per an announcement on Huobi’s support page, maintenance and upgrades of the multi-token wallet service will officially stop on Feb. 13. Users that are still using the Cloud Wallet are being encouraged to transfer cryptocurrency and nonfungible tokens (NFTs) to their main Huobi accounts or other wallet addresses. Huobi Cloud Wallet’s withdrawal and transfer functions will work for the next three months, while users are cautioned not…

Top US Crypto Exchange Coinbase Adds Circle’s Euro-Backed Stablecoin to Listing Roadmap

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Customers at top US crypto exchange Coinbase could soon trade their digital assets with a euro-backed stablecoin. The exchange added Euro Coin (EUROC) to its listing roadmap on Thursday, putting the stablecoin on the path to being tradeable. Euro Coin is issued by Circle, the global fintech company known for working in a consortium with Coinbase to issue USD Coin (USDC), the second-largest dollar-pegged stablecoin. Circle says Euro Coin is “100% backed by euros held in euro-denominated banking accounts,” in order to ensure it’s always redeemable at a 1:1 ratio…

FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas

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The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — has released a report on the company’s physical assets in the island nation. According to affidavit filed by a PricewaterhouseCoopers partner with the Bahamas’ supreme court on Feb. 8, FTX’s joint provisional liquidators, or JPLs, said the company had purchased 52 properties in the Bahamas, including units “in the name of individual employees or relatives of SBF, despite FTX Digital providing the funding”. These properties, which included housing for FTX employees and commercial office…