Tag: Exchange

Huobi Becomes Latest Crypto Exchange to Receive Provisional Approval From Dubai Regulator – Exchanges Bitcoin News

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Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services to “pre-qualified investors and professional financial service providers.” Spot and OTC Services Are Limited to Pre-Qualified Investors The Asian cryptocurrency exchange platform, Huobi, has become the latest digital asset services company to receive provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA). According to a statement released by the…

Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities – Regulation Bitcoin News

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Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company’s chief legal officer stressed: “Coinbase does not list securities. End of story.” Coinbase Insists It Does Not List Crypto Asset Securities The U.S. Securities and Exchange Commission (SEC) alleged that cryptocurrency exchange Coinbase listed nine crypto asset securities in a complaint filed Thursday. The securities regulator charged a former Coinbase employee with “violating the antifraud provisions of the securities laws”…

This Decentralized Exchange Is Now Competing With Curve (CRV) To Be DeFi’s Top DEX: Analytics Firm IntoTheBlock

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IntoTheBlock says one decentralized exchange (DEX) is now competing with Curve’s (CRV) dominance over the decentralized finance (DeFi) space. IntoTheBlock reports that Uniswap’s (UNI) total value locked (TVL) briefly surpassed Curve’s this week. Curve had been the top DEX in terms of TVL for more than a year, according to the analytics firm. Source: IntoTheBlock The TVL of a blockchain represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. IntoTheBlock…

FTX Attempting To Purchase South Korea’s Second-Largest Crypto Exchange: Report

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A new report claims an FTX deal to buy the South Korean crypto exchange Bithumb is currently in “advance talks.” According to a new report from Bloomberg, a person familiar with the matter says the two exchanges have been working on the deal for months. Bithumb is South Korea’s second-largest crypto exchange, according to Statista. The exchange’s offices were raided earlier this week by South Korean prosecutors investigating the collapse of Terra (LUNA) and its stablecoin TerraUSD (UST), according to the Seoul-based Yonhap News Agency. Bloomberg also reports that FTX…

FTX May Acquire Leading South Korean Exchange Bithumb

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FTX, the leading crypto trading platform, is in advanced talks to buy Bithumb. Allegedly, both companies have been in discussions for several months, and yet there are no deals confirmed.  Along with Upbit and Coinone, Bithumb is one of the top centralized South Korean-based crypto exchanges. It currently lists 188 cryptocurrencies and was established in 2014.  In terms of daily trading volume in late November 2021, it has reached over $3 billion, according to data from CoinGecko. Currently, the value has dropped down to around $558 million. Multiple crypto companies…

Digital Assets Exchange Crypto.com Adds Support for Two Surging Altcoins

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Singapore-based digital asset exchange Crypto.com is rolling out support for two surging, low-cap altcoins. The crypto exchange listed the native token of Marlin (POND), an open protocol offering network infrastructure for decentralized internet and decentralized finance (DeFi). Marlin uses incentives to attract more applications and platforms to join the network. The POND token is used in staking and for governance. POND is trading for $0.013 at time of writing. The 416th-ranked crypto asset by market cap is up 14% in the past 24 hours and nearly 20% in the past…

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Exchanges Bitcoin News

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The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, has delayed a 17.85-billion-baht ($487 million) bid to acquire 51% of the largest crypto exchange in Thailand, Bitkub. The bank, which is the kingdom’s oldest lender, postponed the deal indefinitely as Thai regulations continue to…

Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies – Bitcoin News

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Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month. Bit2me Drops 2gether Customer Absorption Deal Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this month. Bit2me, another…