Tag: Exchange

Little-Known Altcoin Surges After Coinbase Abruptly Adds Support on Top Crypto Exchange

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Top US crypto exchange Coinbase has added sudden support for proof-of-stake blockchain Axelar, sparking a rally for its native token, AXL. Axelar is a project built using the Cosmos SDK (software development kit), and aims to deliver cross-chain communication between numerous other blockchains. Its functions include making cross-chain token transfers, calling smart contracts, or sending arbitrary messages from one chain to another. Developers can use Axelar to build decentralized applications (dApps) that allow users to interact with assets or applications on multiple chains within one platform. Says Axelar’s whitepaper, “Axelar…

Dutch Crypto Exchange Bitvavo Expects at Least 80% Recovery from DCG

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Bitvavo, an Amsterdam-based 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…

Controversial Tron-Based Altcoin Skyrockets 39,500% After Launch on Crypto Exchange Huobi

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An altcoin recently launched on crypto exchange Huobi has exploded exponentially since being listed. FTX Users’ Debt (FUD), based on Tron (TRX) and first listed on Huobi, aims to maintain its value with the backing of the debt of those who lost funds on collapsed crypto exchange FTX. The token is issued by DebtDAO, an organization that has no direct affiliation with FTX. FUD is meant to represent $1 of debt, and had an initial supply of 20 million tokens. Tron founder and Huobi advisor Justin Sun described FUD as…

LBank Exchange Will List Fief (FIEF) on February 8, 2023 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 7, 2023 – LBank Exchange, a global digital asset trading platform, will list Fief (FIEF) on February 8, 2023. For all users of LBank Exchange, the FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on February 8, 2023. Fief Protocol is the decentralized application layer above the Fiefverse, an open-world voxel RPG. Its native token FIEF will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, to further expand its global reach and help it…

Crypto Exchange Huobi Lists New ‘FUD’ Token Backed by FTX Users’ Debt With Approval From Justin Sun

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Prominent crypto exchange platform Huobi has listed a new altcoin project backed by the debt of FTX users, according to a new company announcement. Huobi says it is supporting the token FTX Users’ Debt (FUD) with the approval of Justin Sun, a high-ranking advisor to the exchange and the founder of Tron (TRX). Crypto exchange FTX went bankrupt last year. Its executives were accused of defrauding investors and mishandling billions of dollars worth of user funds. According to crypto creditor and FUD issuer DebtDAO, the tokens will debut with a…

Independent FTX Examiner Could Cost Crypto Exchange $100M, Court Told

“We do not have enough money to pay back all of our creditors and the U.S. Trustee … says that we should spend tens or even hundreds of millions of dollars” on a report, said James Bromley of FTX’s law firm, Sullivan & Cromwell. There is “no evidence that any of those professionals or this examiner to be appointed would be any more independent” than the company’s own staff and hired experts, Bromley added. FTX’s new chief executive, John J Ray III, had previously cited $90 million to $100 million…

FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange

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John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy. In testimony for FTX’s case in the United States Bankruptcy Court for the District of Delaware on Feb. 6, Ray said he and other professionals had “carefully” been conducting an investigation into FTX’s activities, due to the company having no physical office. The FTX CEO seemed to be pushing back against a motion to assign an independent examiner to the bankruptcy case, claiming that…

Shiba Inu (SHIB) Rallies Once Again As ShibaSwap (BONE) Gets Listed on Crypto Exchange Bitget

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Dogecoin (DOGE) rival Shiba Inu (SHIB) has outrun most of the digital asset markets yet again as hype continues to build around the top meme cryptocurrency. At time of writing, SHIB is up over 80% since and the beginning of the year and more than 32% in the last seven days, trading at $0.00001461 at time of writing. The Shibu Inu ecosystem is anticipating the launch of its new layer-2 upgrade Shibarium, a scaling solution built on top of Ethereum (ETH), similar to Polygon (MATIC) Days ago, crypto exchange Bitget…