Tag: Exchange

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

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B3, the Brazilian Stock Exchange, confirmed that within 6 months it intends launch its first official product aimed at the cryptocurrency market — Bitcoin futures trading. The group’s chief financial officer, André Milanez, made the announcement during a conference call on Monday. Milanez did not provide many details on how the product will work. It is not yet known if B3 will form a partnership or if it will offer Bitcoin futures trading directly, but the timeline for launching this product was stated to be relatively short. “We plan to…

Dukascopy Enhances Crypto Offerings with P2P Exchange Launch

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Geneva-headquartered Dukascopy Bank has enhanced its digital asset services with the launch of a marketplace for peer-to-peer (P2P) exchange of  cryptocurrencies  Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain…

It’s Time To Call Algorithmic Stablecoins Something Else, Says FTX Crypto Exchange CEO Sam Bankman-Fried

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FTX cryptocurrency exchange founder Sam Bankman-Fried is weighing in on the future of stablecoins after two top cryptos suffered staggering losses this week. Bankman-Fried recently tweeted about how so-called stablecoins ought to have separate and better-refined definitions in the wake of Luna Foundation Guard’s TerraUSD (UST) losing its US dollar (USD) peg and taking Terra (LUNA) down with it. “A good point someone brought up recently: really ‘stablecoin’ is used to mean multiple different things. One thing it can mean is ‘stablecoin backed 1:1 by a US dollar in a…

Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash

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Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels of the platform. Coinbase Assets recently made the announcement on Twitter that, in light of extreme volatility within the Terra (LUNA) ecosystem, UST and WLUNA trading will be suspended in two weeks. In light of recent volatility involving Terra ecosystem assets UST and LUNA, Coinbase will suspend trading in UST & WLUNA on May 27, 2022 on or around 12pm ET on https://t.co/Zkd27RUMRo, Coinbase Pro, and Coinbase Exchange. — Coinbase Assets (@CoinbaseAssets)…

FTX Crypto Exchange CEO Sam Bankman-Fried Purchases Substantial Stake in Trading App Giant Robinhood

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The CEO of crypto exchange platform FTX is purchasing a considerable position in Robinhood after the trading giant’s stock hit an all-time low. According to a disclosure filing to the U.S. Securities and Exchange Commission (SEC), Sam Bankman-Fried bought 56.27 million shares of the company for about $650 million after the stock hit an all-time low of $7.71. The stock has since recovered and is changing hands at $10.74 at time of writing. Bankman-Fried’s purchase sees him owning 7.6% of the popular securities trading network. In the SEC document, Bankman-Fried…

MARA to Build Pan-African Crypto Exchange, Advise CAR’s President

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A startup, Mara, has raised $23 million in equity and token sales to build a pan-African cryptocurrency exchange, TechCrunch reports. According to the outlet, the seed funding came from Coinbase Ventures, Alameda Research and Distributed Global. Venture capital firms, TQ Ventures, DIGITAL, Nexo, Infinite Capital, DAO Joines and about 100 crypto investors also participated in the round. The company, which has bases in Lagos, Nigeria and Kenya, said it wants to create a portal to the crypto economy for Africans. Keep Reading Mara’s product suite includes a wallet for users…

Digital Asset Exchange Crypto.com Lists Two Low-Cap Altcoins As Crypto Markets Search for Support

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Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster amid a market-wide slump. First up is Lido DAO (LDO), the governance token of decentralized staking platform Lido Finance which offers staking solutions across several popular blockchains. Lido’s decentralized autonomous organization (DAO) grants holders of the Ethereum (ETH)-based token voting rights on project parameters, upgrades and staking protocols. Back in March, the Silicon Valley-based investment firm Andreessen Horowitz revealed it was backing Lido because the project democratizes the proof-of-stake process by both making minimum deposit amounts attainable to…

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise – Finance Bitcoin News

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The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser to the country’s president. Enhancing Africa’s Competitiveness An Africa-focused crypto startup, Mara, has raised $23 million in funding for building a so-called pan-African cryptocurrency exchange, a report has said. Participating in the startup’s capital raise were Coinbase Ventures, Alameda Research, Distributed Global, TQ Ventures,…

Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

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XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that the exchange will initially offer the purchase and sale of cryptocurrencies, but the intention is that the platform will also support other digital assets and investment products based on crypto assets. “The creation of XTAGE represents an important milestone in advancing the digital asset market and our ability…

Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI – Exchanges Bitcoin News

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The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings call Tuesday, particularly why it exited the Indian crypto market a few days after launch. Anil Gupta, vice president of Investors Relations at Coinbase, asked CEO Brian Armstrong: “Some shareholders are curious about the recent…