US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi). The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack. “As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, empowering users to move onchain with confidence and ease.” Ink says it has all the…
Tag: Exchange
NYSE Proposes 22 Hour Trading on Arca Equities Exchange During Weekdays
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World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering caused by the government’s policies but insists they […] Source
Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster
Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum,…
DOGE may lose market share to DeFi altcoin DTX Exchange after US elections
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin rose 2.3% to $0.116 as geopolitics calm, but experts warn it may face challenges from DTX Exchange’s $5.3M presale. DOGE’s recent performance and market Dogecoin (DOGE) rose 2.3% to $0.116 on October 15. Market is optimistic as geopolitics calm down. But experts say Dogecoin could be in trouble with DTX Exchange (DTX). DeFi is growing and memecoins like Dogecoin might not be able to keep up. DTX Exchange,…
Bitcoin Exchange River Financial Allowing Users to Earn BTC Interest on Cash Deposits
Not a bank itself, River has teamed up with Lead Bank, a member of the FDIC, meaning users’ deposits are protected up to the value of $250,000. Original
ASIC charges former crypto exchange CEO with $1.47m Bitcoin fraud
Australia’s securities watchdog has charged the former CEO of defunct crypto exchange Mine Digital for defrauding an investor of $1.47 million. The Australian Securities and Investments Commission has charged Grant Colthup with one count of fraud after a customer of Mine Digital did not receive the Bitcoin they paid 2.2 million Australian dollars (roughly $1.47 million) for in July 2022. Mine Digital operated as a cryptocurrency exchange under ACCE Australia Pty Ltd, offering trading services between May 2019 and September 2022. The platform collapsed in September 2022, and creditors have…
Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates
Exchanges will now have until the last week of November to meet new requirements. Source
Crypto Exchange Zondacrypto Wins 7th License with CySEC Approval
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Miners Showing Unusual Exchange Inflow Activity
Este artículo también está disponible en español. On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently. Bitcoin Miner To Exchange Transactions Metric Has Just Seen A Spike As pointed out by CryptoQuant author IT Tech in a new post on X, the Miner to Exchange Transactions indicator has been high recently. The “Miner to Exchange Transactions” keeps track of the total number of transfers that the miner-associated Bitcoin wallets are making to addresses connected with exchanges. When the value of…