Ether held on crypto exchanges has declined over the last six months as the price of Ether has held steady, while holders are continuing to participate in staking, according to Santiment. In an X post on Tuesday, Santiment shared data from Sanbase showing that after July saw the highest amount of Ether (ETH) on exchanges with 12.31 million tokens, the amount has steadily declined to 8.15 million. Santiment analysts predict that the amount of Ether on exchanges could continue to decline as price movements remain muted and more ETH is…
Tag: Exchange
Crypto Exchange Kraken Announces DeFi-Level Yields for Users in US, EU and Canada
The US-based crypto exchange Kraken is introducing a new product that allows its users to access decentralized finance (DeFi) earning opportunities. Kraken says it is rolling out DeFi Earn to offer DeFi-like rewards without the complicated setups and processes. “DeFi has always promised more control, yet most people end up overwhelmed by wallet setups, seed phrases, and a maze of onchain steps. That’s why we’re excited to introduce DeFi Earn. It lets you earn up to 8% APY on your cash and stablecoins through the same Kraken experience you already…
South Korea Proposes Crypto Exchange Ownership Cap; Upbit, Coinone May Reduce Stakes
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FSC Chair Defends Proposed Crypto Exchange Ownership Caps in South Korea
South Korea’s top financial regulator said crypto exchanges should face ownership limits similar to those applied to securities markets, signaling a harder public stance on governance reforms under the country’s proposed Digital Asset Basic Act. According to a report by The Korea Times, the Financial Services Commission (FSC) Chair Lee Eog-weon said licensed crypto exchanges should no longer be treated as ordinary private companies but as entities with public-infrastructure characteristics. Lee’s comments come as the FSC reviews a proposal to cap major shareholders’ stakes in crypto exchanges at around 15%…
Pro-Ukrainian Crypto Exchange WhiteBIT Designated “Undesirable” by Russian Authorities
The Russian government has banned its citizens from interacting with the crypto exchange WhiteBIT due to the company’s contributions to the Ukrainian military. WhiteBIT, which was founded by Ukrainians and is headquartered in Lithuania, has donated $11 million to Ukraine’s armed forces since the Russian invasion began in 2022. The exchange has also facilitated more than $160 million in donations for Ukrainian defense and humanitarian aid purposes via its payments solution Whitepay, according to Alyona Gorbatko, a public relations and communications specialist at the company. The Prosecutor General’s Office of…
Valour Secures UK FCA Approval, Launches Staking ETPs on London Stock Exchange
Valour gains UK Financial Conduct Authority approval and begins offering bitcoin and ethereum staking ETPs to UK retail investors. DeFi Technologies subsidiary Valour Inc. announces UK Financial Conduct Authority (FCA) and London Stock Exchange (LSE) approvals and begins offering 1Valour Bitcoin Physical Staking and 1Valour Ethereum Physical Staking to UK retail investors on Jan. 26, […] Source
Report: Russia Designates Ukrainian Crypto Exchange as ‘Undesirable’ Organization
Russia has designated Ukrainian crypto exchange WhiteBIT as an “undesirable organization,” banning its operations and criminalizing any association within the country. Allegations of Financing the Ukrainian Military The Russian Prosecutor General’s Office has reportedly designated the Ukrainian cryptocurrency exchange WhiteBIT as an “undesirable organization,” effectively outlawing its operations on Russian soil and criminalizing any association […] Source
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Expert Forecasts $5 XRP Price As Exchange Balances Plummet By 57%
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
France Warns Binance Among 90 Unlicensed Crypto Firms; Exchange Seeks Greek MiCA License
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