Tag: Exchange

Bitcoin’s Whitepaper Anniversary: 14 Years To Transform the Exchange of Value

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It has been 14 years since Bitcoin’s whitepaper was published. The crypto community is celebrating the occasion and noting how far the asset has come. Bitcoin inspired the crypto market present today, with its ethos of decentralization seen in everything from DeFi to Web3. Bitcoin first hit $1 in 2011, crossing $67,000 only a decade later. Despite many dismissals as a fad and a bubble from those in traditional finance, it has endured. The asset continues to grow stronger as more institutions invest and countries adopt it as legal tender.…

Crypto Exchange Binance Wants To Collaborate With Elon Musk on Running Twitter: Report

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The world’s largest crypto exchange by volume is reportedly creating a new team to help tech billionaire Elon Musk incorporate blockchain technology into Twitter’s business model. According to a new report by Reuters, Binance is planning to help the business magnate determine how crypto assets could be integrated into Twitter. Binance pledged to invest $500 million into Twitter earlier this year when the exchange heard about Musk’s plans to acquire it. Binance’s team will reportedly look into finding crypto-based solutions to stifle the many issues Twitter has had over the…

Japanese Crypto Exchange Aims To Go Public on the Nasdaq Next Year

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A Japanese crypto exchange and Web3 platform is looking to grow by going public on the Nasdaq Stock Market by 2023. According to a Q2 fiscal report filed with the U.S. Securities and Exchange Commission (SEC), Tokyo-based crypto exchange platform Coincheck is planning to go public on the Nasdaq next year. The report also details that Coincheck, owned by Japanese financial services firm Monex Group, will be collaborating with a Special Purpose Acquisition Company (SPAC) and has expanded its crypto-related offerings to include metaverse and Web3 products as well as…

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition – Emerging Markets Bitcoin News

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After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 billion bailout package for Egypt. The IMF’s Key Condition A report has said that the official exchange rate of the Egyptian pound versus the U.S dollar plunged by 15% to 23.09 per dollar after the…

Crypto exchange Coincheck plans Nasdaq listing in July 2023

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Japanese cryptocurrency exchange Coincheck has confirmed plans to pursue a public stock offering in the United States through Nasdaq — a move that would give the company access to the country’s lucrative capital markets.  In documents filed with the U.S. Securities and Exchange Commission on Oct. 28, Coincheck’s majority owner, Monex Group, confirmed that it is proceeding with Nasdaq listing procedures through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV. If all goes according to plan, Coincheck’s Nasdaq listing will take place on July 2, 2023.…

24 Exchange Sees Record Forex NDF Trade Volumes in October

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24 Exchange, a Bermuda-based multi-asset trading platform launched in 2019, saw record daily and weekly records in forex non-deliverable forwards (NDFs) in October 2022. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The platform posted a record daily forex NDF trade volume of $1.476 billion on October 21 and a record weekly FX NDF trade volume of $1.175 billion between October 17-21, 2022, the company disclosed on Friday. “During three of the…

Crypto Exchange FTX Plans To Develop a Stablecoin, Says CEO Sam Bankman-Fried: Report

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The Bahamas-based crypto exchange FTX could soon develop its own stablecoin, according to the firm’s chief executive, Sam Bankman-Fried. In a new interview with European Web3 media company The Big Whale, Bankman-Fried teases the possibility that FTX could make moves on issuing a stablecoin soon. “We’ve held off on doing it because I think to some extent we think that collaboration on that could be really powerful, and with us trying to find the partners that we’d be really excited to work with there. But I think you’ll probably be…

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

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Top US-based crypto exchange platform Coinbase is expanding its suite of digital assets by adding custody support for over a dozen of Ethereum (ETH)-based altcoins. Coinbase says it’s adding 14 new cryptocurrencies to the growing roster of virtual currencies in its Coinbase Custody cold storage trust. Coinbase Custody, which launched in July 2018, is a crypto custodial service for wealthy and blue-chip investors located in New York that’s designed to give traders a safe way to store large amounts of digital assets. The announcement had mixed results on the prices…