Tag: Exchange

Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low – Economics Bitcoin News

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After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese pound is reported to have plunged to an all-time low of 35,600 against the dollar. According to an Al Jazeera report, it took just two weeks for the pound’s black market exchange rate to drop…

FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report

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The chief executive of Seychelles-based crypto exchange FTX reportedly says that the company is ready to make multi-billion dollar investments to expand its operations. According to Bloomberg, FTX CEO and co-founder Sam Bankman-Fried says that the company has set aside over $2 billion from fundraising events to finance investments in other firms. “FTX is a profitable company. You can look at the amount that we’ve raised over the last year or two – it’s a few billion dollars. That gives maybe a sense of where we are in terms of…

Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange

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Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated with Three Arrow Capital — a Singapore-based crypto hedge fund, sent 32,000 ETH worth $60 million to the FTX crypto exchange within a span of an hour, on-chain data shows. The bulk transfer, which follows…

DTT Group Secures $10M Series-A Funding for DTTcoins Crypto Exchange

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DTT Group, a globally regulated and a globally recognized financial leader with over 20 years track record in the brokerage and fintech space, today announced that it has successfully raised $10 million in Series A funding round for its cryptocurrency exchange, DTTcoins . With its mission to advance the global crypto landscape and its vision of creating blockchain solutions to empower the crypto community, the investment funding will be put towards DTTcoins’ global expansion plans as well as towards research and development to further enhance client solutions and develop new…

VSA Capital Group Partners with Aquis Stock Exchange

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VSA Capital Group, a global investment banking and broking firm, announced today that the company has collaborated with the Aquis Stock Exchange (AQSE) to launch VSA Capital AQSE Apex Index. The newly launched index will elevate the profile of the AQSE Growth Market. According to the details shared by the company, the launch will enhance transparency in the market. VSA Capital AQSE Apex Index incorporates all of the 21 equities within the Apex segment of the AQSE Growth Market. VSA Capital noted that the index will be updated in the…

Crypto Exchange Binance To Tighten KYC Controls and Sanctions Enforcement With New Tech Partnerships

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Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions. According to a new press release, Binance is teaming up with data analytics and security company Kharon and screening provider Neterium to prevent illegal activities by bad actors and sanctioned entities. “Through this partnership, Binance will utilize Kharon’s industry-leading data and analytic platform in order to enhance its sanctions screening and broader KYC controls. Kharon’s data will be delivered into Binance’s transaction screening environment in partnership with Neterium.…

FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News

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Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential acquisition angle.” FTX Executive Sam Bankman-Fried Says Funds Raised Could Be Leveraged for Acquisitions Sam Bankman-Fried spoke in an interview with Bloomberg’s Allyson Versprille and Yueqi Yang on Friday and explained that FTX is thinking…

Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia – Bitcoin News

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Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, just when it had announced its expansion to Colombia. Crypto Exchange Bitso Lays Off Over 10% of Its Employees Bitso, one of the first cryptocurrency unicorns in Latam, has announced it is taking…

Digital Assets Exchange Crypto.com Lists New Ethereum-Based Altcoin

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Singapore-based digital asset exchange Crypto.com is following in the footsteps of other top exchanges and listing a new Ethereum (ETH)-based altcoin focused on developing the Web3 space. Crypto.com recently rolled out support for Project Galaxy (GAL), which bills itself as the largest Web3 credential data network in the world. The project’s native token, GAL, just launched earlier this month and has seen its price plummet nearly 75% from an all-time high of $18.32 on May 6th to $4.71 at time of writing. GAL is used for governance in the Project…

KuCoin Exchange Report Shows Growing Crypto Adoption In The US

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The Into The Cryptoverse US Report by KuCoin — a global cryptocurrency exchange — revealed striking statistics regarding the positive dynamics of blockchain and digital currency adoption in the United States. Findings show that adults and younger generation users are leading the integration of cryptocurrencies into daily financial operations, the report indicates. The survey provides important data related to US user investment sentiment, which has added up to 5% of new adults to the industry compared to the fourth quarter of 2021. Over 8 million new users have entered decentralized…