Tag: Exchange

Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange

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It’s been a long road for entrepreneur Laban Roomes and his footballer-turned-crypto founder son Kain, but their XRP Healthcare startup is in the process of going public on the Canadian stock exchange. They co-founded the Dubai-incorporated company with the goal of modernizing healthcare in Africa by combining crypto infrastructure, artificial intelligence, and real-world services. It operates a digital healthcare platform as well as a chain of pharmacies in Uganda using the XRP Ledger to track pharmaceutical supplies and patient outcomes. “In the West, we take reliable pharmacies and access to…

Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack

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An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin (BTC), alongside the mansion and car, which are together worth a total of 4.5 million Australian dollars ($2.88 million). The AFP said its investigation began in September 2018 after law enforcement in Luxembourg shared information about suspicious Bitcoin…

AUSTRAC Fines Crypto Exchange Cointree for Reporting Failures

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The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting The Australian financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing […] Source

Bankrupt Crypto Exchange FTX To Shell Out $5,400,000,000 to Creditors at the End of the Month

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The bankrupt crypto exchange FTX plans to shell out $5.4 billion in a wave of payments to creditors at the end of the month. Eligible creditors will receive funds via BitGo or Kraken within 1-3 business days from May 30th, per a new press release from the exchange. FTX will make payouts from its $11.4 billion cash reserves, and the exchange says subsequent payouts will be announced at a later date. The bankrupt firm classifies its main creditors as individuals and institutions with millions of dollars stashed in the platform…

Webull Pay Joins Forces With Leading US-Based Exchange Coinbase To Power Crypto Services

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A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services. In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase’s Crypto-as-a-Service (CAAS) platform. Says Coinbase, “As Webull Pay’s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase will provide Webull Pay access to tight spreads, deep liquidity, secure infrastructure, and crypto products with the potential to earn income – all using the same technology trusted by…

Crypto Exchange CEO’s Daughter and Grandson Narrowly Escape Kidnap Attempt by Armed Gang in France: Report

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Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene. But the woman, the daughter of France-based crypto exchange platform Paymium CEO and…

Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors?

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On-chain data shows the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently. Here’s what it could mean for the asset’s price. Bitcoin Exchange Stablecoins Ratio Has Broken Above 5 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has registered an increase alongside the latest rally in the cryptocurrency’s price. The Exchange Stablecoins Ratio here refers to an on-chain indicator that keeps track of the ratio between the Exchange Reserves of BTC and the stablecoins. The “Exchange Reserve” is naturally the total amount…

Bitcoin price pattern points to a $145k surge as exchange outflows rise

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Bitcoin price remained in a tight range on May 4, but the ongoing demand and supply dynamics point to an eventual surge to a new all-time high. Bitcoin (BTC) was trading at $104,000 on Wednesday, just 5.25% below its all-time high of $109,300. It has jumped nearly 40% from its lowest point in April. The coin continues to see high demand, mostly from institutional investors. SoSoValue data shows that spot Bitcoin ETFs have added over $1.95 billion in inflows this year, bringing total inflows since inception to $41 billion. Companies…

Bullish Exchange and Gibraltar to Develop Regulatory Framework for Crypto Derivative Clearing

Cryptocurrency exchange Bullish has announced a partnership with the Gibraltar Government and the Gibraltar Financial Services Commission (GFSC) to develop the world’s first regulatory framework for the clearing and settlement of derivative contracts settled in virtual assets. This initiative aims to enable crypto derivative contracts to be cleared and settled in virtual assets by a […] Source CryptoX Portal