“The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,” Nana Murugesan, Coinbase’s VP of international and business development, said in a statement. Source
Aquis Exchange (LON: AQX) released its unaudited financial results for the first six months of 2022, reporting net revenue of £8.3 million. It was a year-over-year increase of 21 percent from £6.9 million in H1 2021. 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. However, the EBITDA of the exchange came down to £1.4 million from £1.6 million with a significant investment in technology and manpower, as pointed out in the LSE…
The exchange is raising the money as it considers acquisitions. Source
Two of the world’s leading crypto exchanges have reportedly submitted their bids to acquire the assets of embattled crypto lender Voyager Digital. Citing people familiar with the matter, The Wall Street Journal reports that Binance is willing to pay about $50 million to take over Voyager’s properties, which is slightly higher than what FTX bid for. Voyager is auctioning the remainder of its assets as part of a restructuring plan after it filed for bankruptcy as a result of the bear market. Its financial woes worsened when crypto hedge fund…
CryptoX – Cryptocurrency Analysis and News Portal The exchange’s COO Dave Ripley will take over as CEO. Source The post Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange appeared first on CryptoX. CryptoX Portal
Jerry Sambuaga, the deputy ministry with Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to be more representative of its citizens. In a Tuesday parliamentary meeting that included Indonesian regulatory officials, a letter submitted by Sambuaga suggested several policy changes in response to the “interesting year for the development of physical trading of crypto assets” in the country. Among the proposed rules are a requirement for two-thirds of directors and commissioners at crypto firms to be “Indonesian citizens and domiciled…
On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and the cryptocurrency exchange Kraken has joined as a foundation member. Liquid Collective Aims to Bolster a Multi-Chain Liquid Staking Standard In a blog post published by the liquid staking company Alluvial, the startup introduced the new enterprise-grade multi-chain liquid staking protocol called the “Liquid Collective.” The Liquid Collective also has a Liquid Foundation, which includes…
The 3air project aims to resolve the perennial issues that created and continue to contribute to the economic underdevelopment of many regions globally, starting with African cities. The project will launch on the global MEXC exchange on the 22nd of September, 2022 at 10:00 AM / 12:00 PM CET. The project arrives at a pivotal time in global history when the world depends on connectivity for many reasons, including global economic participation. 3air leverages its novel wireless broadband Internet connectivity solution – K3 Last Mile – to provide stable internet…
The 3air project aims to resolve the perennial issues that created and continue to contribute to the economic underdevelopment of many regions globally, starting with African cities. The project will launch on the global MEXC exchange on the 22nd of September, 2022 at 10:00 AM / 12:00 PM CET. The project arrives at a pivotal time in global history when the world depends on connectivity for many reasons, including global economic participation. 3air leverages its novel wireless broadband Internet connectivity solution – K3 Last Mile – to provide stable internet…
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, recently disclosed it had closed its $40 million Series B funding round. The crypto exchange said it will use the funds raised to finance the development of new products as well as to “advance strategic…