Tag: Exchange

Bitcoin price shrugs Germany’s $362m exchange deposit 

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Bitcoin’s market price stabilized as Germany’s government shredded its BTC holdings from over 50,000 coins to under 23,000 tokens.  According to on-chain insight provider Arkham Intelligence, Germany’s government transferred 6,306.9 Bitcoin (BTC) valued at over $362 million to several entities, including centralized exchange Kraken, on Tuesday. Kraken received 800 BTC worth $45.9 million, while market makers B2C2 Group and Cumberland DRW were sent $287.1 million and $6.2 million in Bitcoin, respectively.  A fourth address marked as “unlabeled”, likely an OTC desk, was sent 400 BTC or around $24 million in…

Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange

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The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities […] Source

How to Get the Best USD to IDR Exchange Rates

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When traveling from Malaysia to Indonesia or conducting business between these two neighboring countries, obtaining the best exchange rates is crucial. Whether you’re converting US Dollars (USD) to Indonesian Rupiah (IDR) for personal or professional reasons, maximizing your money through favorable exchange rates can significantly impact your budget. This guide offers practical tips and strategies to help you get the most out of your money when converting USD to Indonesian Rupiah. Understanding Exchange Rates Before diving into tips and strategies, it’s essential to understand what exchange rates are and how…

Mt. Gox Starts Repayments With Exchange Transfer

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According to data from Arkham Intel, Mt. Gox has initiated the process of repaying creditors by transferring a nominal amount of Bitcoin to one of the designated exchanges. This development follows months of speculation and planning concerning the disbursement of approximately $8.2 billion in Bitcoin owed to creditors of the defunct exchange. Are Mt. Gox Bitcoin Repayments Beginning? Early today, three wallets historically linked to Mt. Gox executed three transactions. The most significant of these involved the transfer of $24 in Bitcoin to a wallet which then proceeded to send…

Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses

Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Indian Crypto Exchange CoinDCX Acquires BitOasis

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Sony Group Planning Launch of Crypto Exchange With Acquisition of Amber Japan: Report

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Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country. Blockchain reported Colin Wu says that Sony Group has purchased Amber Japan, the Japanese subsidiary of the digital asset firm Amber Group. “Singapore market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-to-equity transaction with Fenbushi. Amber Group investors…

Crypto Exchange Kraken Is Considering Going Nuclear

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“Crypto’s round-the-clock and global nature means Kraken needs a constant supply of energy, particularly as we facilitate a larger proportion of global trading volumes,” Patankar said. Due to the 24/7 demands of running a cryptocurrency business and expected mass adoption of crypto over time, Kraken is looking at how it can scale its business in terms of energy supply and latency. Source