Tag: Exchange

USDC Exchange Reserves Rise As Investors Escape From Bitcoin

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On-chain data shows the USD Coin exchange reserves have gone up recently, suggesting that investors may be exiting volatile markets like Bitcoin. USD Coin All Exchanges Reserve Has Been Climbing Up Recently As pointed out by an analyst in a CryptoQuant post, there have been signs of selling from Bitcoin investors for moving into USDC. The USD Coin “all exchanges reserve” is an indicator that measures the total amount of the stablecoin currently present in wallets of all exchanges. When the value of this metric goes up, it means investors…

Ethereum Loses Steam As Exchange Supply Spikes

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Ethereum (ETH) is once again losing momentum after exhibiting a positive bounce the previous week. At the time of publication, ETH has a market valuation of $125 billion and is currently trading 9 percent lower at $1032. The second-largest economy in the world is unmistakably losing strength, and if it cannot maintain $1,000, it may go as low as $700 or even lower. Ethereum Falls Below $1k Over the past few hours, the price of ethereum has deviated from a key level of support and fallen under $1,000. This is…

New spot Bitcoin ETF launched at Euronext Amsterdam Exchange

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Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF). Jacobi Asset Management, a London-based digital asset management platform, is preparing to launch its Jacobi Bitcoin ETF on Euronext Amsterdam next month, the firm announced on Thursday. The spot Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN. The Jacobi Bitcoin ETF is positioned as the first spot Bitcoin ETF launched in Europe, Jacobi founder and CEO Jamie Khurshid told Cointelegraph. “Our product is the first…

LBank Exchange Will List Delio (DSP) on June 30, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Delio (DSP) on June 30, 2022. For all users of LBank Exchange, the DSP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on June 30, 2022. Its native token DSP will be listed on LBank Exchange at 16:00 (UTC+8) on June 30, 2022, to further expand its global reach and help it achieve its vision. Introducing Delio – Delio is a leading company in the Web…

Poland’s GPW Acquires 65% Stake in Armenia’s Only Stock Exchange

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The Warsaw Stock Exchange (GPW), a stock exchange in Warsaw, Poland, has completed its 65.03% majority shares acquisition of the Armenia Securities Exchange (AMX), the only stock exchange in Armenia. 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. Marek Dieti, President of the Management Board of the GPW, on Tuesday signed a share purchase agreement as the buyer of the exchange. The agreement, which was signed in Yerevan, Armenia’s capital, was also…

Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM

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Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) which it will use to expand its business and its ecosystem. Rather than receiving the $200 million in funding all at once, Unizen noted on June 27 that the investment will come in the form of a “capital commitment’, with part of the funding released upfront and the rest will be provided later based on achieved milestones. Unizen did not disclose what particular criteria it had to achieve to receive the funding. Unizen…

Crypto exchange FTX is looking into acquiring Robinhood: Report

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Cryptocurrency derivatives exchange FTX is reportedly eyeing a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). Citing people familiar with the matter, Bloomberg reported Monday that FTX is holding internal deliberations about whether to acquire Robinhood. Although no decision has been made to pursue a takeover, FTX is said to be taking the matter seriously. Bloomberg’s contact clarified that FTX has yet to approach Robinhood with a buyout proposal and that it could still decide against pursuing…

Banxa, an Australian crypto exchange, eliminates 70 jobs.

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In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company’s personnel count soared to over 230. According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to…