Tag: Exchange

Crypto Exchange Predicts 1000x Returns On XRP Price With Ambitious Rise To $594

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Crypto exchange Changelly has laid out an all-encompassing price prediction for XRP. As part of this prediction, the platform stated that the crypto token would rise to as high as $594 and gave a definite timeline for when this would happen.  When Will XRP Price Rise To $594? Changelly predicts that XRP will rise to $594 in 2050, with that representing the maximum price level that the crypto token can attain by then. Meanwhile, $512 and $540 are predicted as what will be the minimum and average prices for XRP…

Orbs Network Token ($ORBS) Gains Listing on India’s Most Compliant Exchange, CoinDCX

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CoinDCX, one of India’s most valued and biggest crypto exchanges, announced the listing of Orbs Network’s native token, $ORBS, this Tuesday. The listing will allow the Indian exchange users to buy and sell the $ORBS token using the Indian Rupee (INR) and other available crypto pairs including Bitcoin and Tether, with more pairs to be added in the future. Orbs Network is a Layer 3 open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. The platform is mainly known for its…

Bill Ackman and wife Neri Oxman buy stake in Tel Aviv Stock Exchange

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Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of a secondary offering of 17,156,677 shares priced at 20.60 shekels ($5.50) per share. “The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in…

FMX Futures Exchange Gains CFTC Approval

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BGC Group, Inc., a global brokerage and financial technology company, has announced that its FMX Futures Exchange has received approval from the Commodity Futures Trading Commission (CFTC) to operate an exchange for US Treasury and SOFR (Secured Overnight Financing Rate) futures. These futures contracts are among the most widely traded in the world. FMX’s clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral globally, uniquely positions FMX to compete in the US interest rate market. Howard W. Lutnick, Chairman and CEO of BGC Group, Source:…

24 Exchange Hits $4 Billion in FX NDF Volumes

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24 Exchange, the multi-asset class trading platform, announced today that it has set consecutive daily records for Foreign Exchange Non-Deliverable Forward (FX NDF) trading volume. The company processed an impressive total of over $4 billion in FX NDF trades for its global institutional customers on two consecutive days last week. This achievement marks a milestone, surpassing 24 Exchange’s previous daily volume record of $3.1 billion set in October of the previous year. Dmitri Galinov, the CEO and Founder of 24 Exchange, stated: “Setting consecutive daily volume records for FX NDF…

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

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The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain trust before introducing a purported crypto investment opportunity. In a statement, the CFTC says it filed a civil enforcement action against Debiex, claiming that the platform misappropriated funds that the victims intended for digital asset…

Crypto Exchange Giant HTX Hit With DDOS Attack, Justin Sun Says User Funds Are Safe

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Hackers hit the crypto exchange giant HTX with a distributed denial of service attack (DDoS) on Friday morning, causing a brief outage. A DDoS attack is a malicious attempt by bad actors to flood the target website with traffic to overwhelm the site’s infrastructure. HTX is the newly rebranded name of Huobi. Tron (TRX) founder Justin Sun, who says he’s an “advisor” for the exchange, announced the hack early Friday morning. The crypto mogul noted a few minutes later that services had been restored and all user funds were safe. The…

Top Crypto Exchange Binance To Roll Out Support for New Altcoin on Launchpool Platform

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Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…