October 17, 2022 – London, United Kingdom Kinesis, the world’s leading gold and silver-based monetary system, has listed the fiat-based stablecoin, USD Coin (USDC) on the Kinesis Exchange. USDC is the fourth-largest cryptocurrency by market capitalization and the second-largest USD stablecoin in the cryptocurrency industry, with over 49 billion USDC tokens currently in circulation. Now live on the Kinesis Exchange, USDC will be tradeable against the US dollar, selected leading cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) and Kinesis’ native gold and silver-based stablecoins, Kinesis Gold (KAU) and Kinesis Silver…
Tag: Exchange
Crypto Exchange FTX US Under Investigation by Texas Regulator Over Securities Allegations
“As more fully explained throughout this declaration, I am aware that FTX Trading, along with West Realm Shires Services Inc. dba FTX US (‘FTX US’), may be offering unregistered securities in the form of yield-bearing accounts to residents of the United States. These products appear similar to the yield-bearing depository accounts offered by Voyager Digital LTD et al., and the Enforcement Division is now investigating FTX Trading, FTX US, and their principals, including Sam Bankman-Fried,” Rotunda wrote. Source
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Decentralized Exchange Pulls In $165,000,000 in Fundraising Round Amid Ongoing Crypto Bear Market
The developers behind the world’s largest decentralized crypto exchange (DEX) by trading volume are securing $165 million in additional investment amid the ongoing bear market. Hayden Adams, the chief executive of Uniswap Labs, says his team raised that total in a Series B funding round led by Polychain Capital. Uniswap Labs is the team that created the Uniswap (UNI) DEX. The funding round also included participation from longtime Uniswap investors a16z crypto, Paradigm, SV Angel, and Variant. Adams tells Fortune that the exchange is not currently profitable. He notes Uniswap…
Crypto Exchange Binance Announces $500,000,000 in Funding To Support Critical Bitcoin Sector
The world’s largest crypto exchange platform is announcing plans to raise hundreds of millions of dollars to support Bitcoin (BTC) mining. In a new company press release, Binance says it is launching a $500 million fundraising pool to support the crypto mining industry. “As one of the world’s leading crypto mining pools, Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem. In light of current market conditions, Binance Pool is launching a $500 million lending project to support crypto miners and digital infrastructure providers. The first…
Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings – Economics Bitcoin News
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces ‘Qatar’ and ‘Coldplay’ Into Its Dollar Exchange Rate Arsenal While Argentina has been applying dollar exchange control measures since some time ago, the government is establishing even more types of rates for different purposes, making…
Exchange Giant Coinbase Lists Major Ethereum Rival, Spurring Short Price Explosion
Top US-based crypto exchange Coinbase is adding Ethereum challenger Hedera (HBAR) to its roster of supported digital assets. Coinbase says that the token of the most widely-used enterprise grade public network for decentralized applications is already live on its platforms. “Hedera (HBAR) is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset.” The second largest crypto exchange platform by trading volume is rolling out support for HBAR amid growing use cases for…
Exchange Giant Coinbase Adds Support for Ethereum-Based Blockchain Video Game Altcoin As Markets Stumble
Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. According to the announcement by the largest crypto exchange in the US, consumers should only trade ILV on the ETH network. “Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.”…
Brazilian Securities & Exchange Commission Defines Classification of Crypto Assets as Securities
A recent guidance opinion document from the Brazilian Securities and Exchange Commission (CVM) discusses the topic of crypto-based securities. The document defines cryptocurrencies as digitally represented assets that are protected by cryptography technology and can be transacted with and stored using Distributed Ledger Technologies (DLT), while acknowledging that there is still a regulatory vacuum on the topic as a result of the lack of specific regulation. The new standards require that tokens that qualify as securities be digital representations of certain types of legal instruments. This includes certificates of deposit of…
Bitcoin to become ‘trusted means of exchange’ in EU: Bitcoin Amsterdam 2022
With inflation becoming a bigger problem as time goes on, Bitcoin may become a better and more trusted means of exchange in Europe, according to politician Nigel Farage. At the Bitcoin Amsterdam 2022, Cointelegraph reporter Gareth Jenkinson spoke with Nigel Farage, the former head of the pro-Brexit United Kingdom Independence Party, and discussed how the politician first heard about Bitcoin (BTC), the appeal of the cryptocurrency as a hedge against inflation and how it may be adopted broadly in Europe in the near future. According to Farage, he first discovered…