Tag: Exchange

Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

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Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear market as user inflows dry up this year. Data from onchain analytics platform CryptoQuant reveals exchanges’ average net flows hitting two-year records. Bitcoin analysis eyes “reaccumulation of assets” Bitcoin may be trading significantly higher than…

Russian Central Bank to Launch Crypto Exchange for “Super-Qualified Investors”

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The Russian Central Bank and the Finance Ministry have teamed up to launch a local cryptocurrency exchange aimed exclusively at the country’s “super-qualified investors.” As reported by local news outlet RBC, the exchange will operate under an experimental legal framework. Russian Finance Minister, Anton Siluanov “Together with the central bank, we will launch a crypto exchange for super-qualified investors,” Finance Minister Anton Siluanov said (translated from Russian) during a ministry meeting, according to local news agency Interfax. “Crypto assets will be legalised, and crypto operations will be brought out of…

Russia’s central bank, finance ministry to launch crypto exchange

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Russia’s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime. The platform will be aimed at “super-qualified investors,” Finance Minister Anton Siluanov said during a ministry meeting, according to April 23 reports from Russian media group RBC and Russian news agency Interfax. “Together with the central bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows,” he said in a statement translated from…

Crypto exchange KuCoin enters crowded Thailand market

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Cryptocurrency exchange KuCoin is set to branch further into Southeast Asia, targeting the growing crypto market in Thailand.  KuCoin is planning to launch a crypto exchange platform offering digital assets and related products in the country, according to an April 23 announcement.  ERX Company Ltd, Thailand’s first Securities and Exchange Commission-supervised digital token exchange, has rebranded as KuCoin Thailand effective April 22, it stated.  The crypto exchange will operate under ERX, which recently received a crypto exchange license from the Thai financial regulator.  “We’re strengthening our ability to offer localized…

Top Crypto Exchange Binance Airdrops and Lists New Interoperability Altcoin

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Binance customers can now trade the brand new native altcoin of a permissionless interoperability protocol. The top global crypto exchange airdropped Hyperlane (HYPER) to qualified users this week and then listed the asset for trading on Tuesday. HYPER is the 15th project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Hyperlane bills itself as an interoperability protocol for cross-chain communication across different blockchain environments. “Hyperlane is the first permissionless interoperability layer that allows smart contract developers to send arbitrary data…

Bitcoin exchange buying is back as ‘Spoofy the Whale’ lifts $90K asks

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Key points: Whales on Binance joins Coinbase in adding BTC exposure as Bitcoin recovers above $90,000. The Coinbase premium is back in the green amid a broad risk-asset relief rally. Resistance attributed to an entity dubbed “Spoofy the Whale” at $90,000 disappears. Bitcoin (BTC) has fresh whale buying pressure across major exchanges as large-volume investors boost BTC price gains. New data from onchain analytics platform CryptoQuant reports both Binance and Coinbase whales “pushing the market up.” Coinbase BTC premium hits highest since February Bitcoin whales are wasting no time adding…

Singapore Exchange to Introduce Bitcoin Perpetual Futures Derivative Product

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The Singapore Exchange plans to launch bitcoin perpetual futures later this year to stay competitive. The launch is expected to benefit SGX by attracting new investors and utilizing its derivatives expertise. SGX Seeks to Tap Rising Institutional Demand The Singapore Exchange (SGX) reportedly plans to launch bitcoin ( BTC) perpetual futures later this year. Launching […] Original

Low-Cap Altcoin Explodes After Crypto Exchange Binance Announces Perpetual Futures Listing

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A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain. News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057…

Latam Insights: Argentina Controls Dollar Exchange Rate, Brazilian Ponzi Operator Gets 128-Year Sentence

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Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the Argentine government manages to control the dollar’s exchange rate after lifting currency controls, the operator of a Brazilian crypto Ponzi scheme receives a 128-year jail sentence, and Panama City […] Source

Controversial Exchange eXch To Shutter in May Amid Allegations the Project Laundered Crypto Stolen in Bybit Hack

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The controversial exchange eXch plans to close its doors in May after facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year. In February, hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit in the largest crypto theft ever and possibly the biggest heist in world history. The blockchain research firm Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major…