Tag: Exchange

LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts – Press release Bitcoin News

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press release PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees and freezing withdrawals, LBank makes a move in the right lines. At the moment, the exchange is hiring from all parts of the world including Indonesia, Philippines, Morocco, Turkey, Nigeria, India, etc., to add to its team members located in over 14…

Bitcoin․com Exchange Market Insights Report for June 2022 – Promoted Bitcoin News

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This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance Crypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the last 30 days. The macroeconomic outlook continues to be unfavorable for risk assets as high inflation combines with elevated commodity prices and tight U.S. labor market conditions. Adding to that, crypto has experienced a credit…

Crypto Exchange dYdX to Start a Standalone Blockchain

“…a major benefit of Cosmos is that the chain can be developed to suit the exact needs of the dYdX network. One application of this is that traders would not pay gas fees to trade, but rather pay fees based on trades executed similar to dYdX V3 and centralized exchanges. These fees would accrue to validators and their stakers,” the post read. Source

FTX Exchange Bails Out BlockFi With $250M

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Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to take action. That or, as the rumor says, FTX created this whole situation in their labs and is now buying assets on the cheap. There’s only circumstantial evidence of that, though. The bailout, on the other hand, is completely real.  The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA,…

Crypto Exchange FTX Injects $250,000,000 Into BlockFi, Acquires Stock-Clearing Startup

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Crypto exchange FTX is pouring hundreds of millions of dollars into top digital assets lender BlockFi, while also acquiring stock-clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange viewed BlockFi as a sound investment opportunity during the crypto market downturn. “Today we’re injecting $250 million into BlockFi and partnering with them so they can navigate the market from a position of strength. BlockFi has careful risk management and great leadership. So they successfully removed at-risk counterparties preemptively. BlockFi customer assets are appropriately managed, with no debt/risk…

Unicornio cripto europeo Bitpanda obtuvo licencia de exchange en España

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“Como han demostrado los recientes acontecimientos del mercado, dónde compras tus activos digitales importa y siempre vamos a estar priorizando la seguridad de nuestra comunidad, ya que estamos trabajando sin descanso para construir la mejor y más segura plataforma de inversión en Europa y más allá”, dijo el cofundador y co-CEO de Bitpanda, Eric Demuth, en un comunicado de prensa. Source

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ – Economics Bitcoin News

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Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield, the Atlantic Council’s Geoeconomics Center deputy director, published an editorial called: “Don’t ignore the exchange rate: How a strong ruble can shield Russia.” Russia’s Ruble Climbs Higher — Report Says ‘Putin Is Having the Last…

Crypto exchange BlockFi secures $250M credit from FTX amid bear market

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BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength. — Zac Prince (@BlockFiZac) June 21, 2022 BlockFi has signed a term sheet with FTX crypto exchange to secure a $250 million revolving credit facility. A revolving credit facility is a type of credit that enables you to withdraw money,…

LBank Exchange Will List MintMe․com Coin (MINTME) on June 22, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list MintMe.com Coin (MINTME) on June 22, 2022. For all users of LBank Exchange, the MINTME/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on June 22, 2022. Providing a new and innovative way of crowdfunding, MintMe.com allows anyone to mint a token for free that represents themselves or a project that they have created for their fanbase. Its native token MintMe.com Coin (MINTME) will be listed…