Tag: Exchange

Top Crypto Exchange Coinbase Extends Altcoin Listing Spree, Supporting Two Ethereum-Based Altcoins

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A pair of altcoins decentralized finance (DeFi) altcoins are joining top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Index Cooperative (INDEX) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Coinbase will add support for Wrapped Ampleforth (WAMPL) and Index Cooperative (INDEX) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. pic.twitter.com/HmHdINAGIg — Coinbase Assets (@CoinbaseAssets) June 8, 2022 Index Cooperative seeks to create user-friendly and profitable…

Crypto exchange Binance seeks critical licenses in Philippines, CEO says

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Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the virtual assets service provider license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso. Apart from the VASP, Zhao also noted that the trading platform is working to acquire an e-money issuer license from Banko…

Crypto Exchange Gemini Hit With Lawsuit for Alleged Negligence Over $36,000,000 in Customer Funds

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A retirement account trust company is suing the crypto exchange Gemini for failing to have the “proper safeguards in place” to protect its customers’ assets. IRA Financial Trust alleges hackers stole $36 million in crypto assets belonging to their customers’ retirement accounts which were reportedly in Gemini’s custody. The South Dakota-based trust company has pledged to use proceeds from the lawsuit to reimburse the impacted customers. The firm claims Gemini’s Application Programming Interface (API) had a single point of failure, and that the exchange’s system had a “sweeping vulnerability that…

PayPal to Allow Exchange of Cryptos with External Wallets

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On Tuesday, PayPal (Nasdaq: PYPL), a major global  payments  Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the…

Why are you invested in crypto? | Edward DeLeon

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Edward DeLeon is an outspoken crypto economist, early Bitcoin investor, and the CEO & Founder of Anatha.io, a mission-driven blockchain technology company. Edward envisions a world of self-sovereignty, an end to structural violence, and a global economy that self-actualizes 100% of everyone, everywhere. Visit to discover more. Check out the latest crypto merch at the Cointelegraph Store: Want to join the Cointelegraph team? Check out #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: Follow COINTELEGRAPH: Website: Telegram: Facebook: Twitter: Cointelegraph covers everything Bitcoin, bringing…

Crypto Exchange Kraken Says Decentraland, The Sandbox and Metaverse Sector Far Outperforming Market Year-on-Year

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A leading crypto exchange says metaverse tokens are significantly outperforming the rest of the digital assets markets in year-over-year (YoY) returns. In Kraken Intelligence’s new May 2022 market recap and outlook, the exchange giant finds coins such as Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), ApeCoin (APE), and STEPN (GMT) are outperforming the rest of the crypto markets. “When looking at 1Y performance, the Metaverse sector has significantly outperformed the market YoY with a return of +395%. This includes assets such as Decentraland (MANA), Sandbox (SAND), Axie Infinity (AXS), Apecoin (APE), and STEPN (GMT).” Source: Kraken Intelligence Despite outperforming the rest…

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

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Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London. Matt Clinch | CNBC LONDON — A second U.S. firm has sued the London Metal Exchange for $15.3 million over canceled nickel trades in March. Jane Street Global Trading filed a judicial review claim in the English High Court on Monday, a memo from LME-owner Hong Kong Exchanges and Clearing (HKEX) confirmed. The filing from the U.S. market maker comes just days after hedge fund Elliott Associates filed a suit for…