Tag: Exchange

Decentralized Exchange Altcoin Flashing Signs of Upcoming Rally, Says Crypto Trader – Here’s His Forecast

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A closely followed crypto strategist believes that a decentralized exchange (DEX) altcoin is flashing signs that it could be about to take off on a bullish rally. The trader Ali Martinez tells his 40,400 followers on the social media platform X that GMX looks primed to break out from an inverse head-and-shoulders pattern, a technical analysis chart formation that could signal a trend reversal. “If we see a consistent three-day candlestick close above $59, this could be the trigger for a bullish rally that propels GMX toward an ambitious target…

Coinbase Expanding to Africa by Teaming Up With Leading African Stablecoin Exchange Yellow Card

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The top US-based crypto exchange platform is venturing into Africa after announcing that will be teaming up with Yellow Card, a leading African stablecoin exchange. In a new blog post, Coinbase says that as part of its plan to reach 20 countries on the continent, it’s partnering up with Yellow Card to provide millions of people access to prominent dollar-pegged crypto assets, such as USDC. “Through our new partnership with Yellow Card, one of Africa’s leading stablecoin exchanges and a Coinbase Ventures portfolio company, millions of users will gain access…

India’s Crypto Crackdown on Offshore Exchange Apps

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India has ramped up its regulatory measures against offshore cryptocurrency exchanges, directing Apple to eliminate the apps of platforms such as Binance from its App Store within the country. According to a report by Bloomberg, this recent escalation follows a notice from the Financial Intelligence Unit (FIU) targeting nine platforms suspected of regulatory misconduct in late December, signaling a tightening grip on the crypto landscape. The Ministry of Electronics and Information Technology prompted the removal of apps from platforms like Bitfinex, HTX, and Kucoin, among others, from the Indian App…

JTC Network, a New Layer One Blockchain Focused on Legal Enforcement, To List on BitMart Exchange

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January 9, 2024 – Chicago, Illinois JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart. The highly anticipated JTC listing on BitMart has been confirmed. The coin will be listed at 10 a.m. UTC on January 9, 2024. The listing announcement earlier in December brings the crypto industry one step closer to accessing the same legal remedies available in mainstream finance. The listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that…

Indian Crypto Platforms Flourish Amid FIU IND’s Foreign Exchange Notice

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Indian cryptocurrency exchanges and investment platforms, including CoinDCX and Mudrex, are experiencing a substantial uptick in deposits and a surge in new users following the issuance of compliance show cause notices to foreign exchanges, including Binance and eight others, by the Financial Intelligence Unit India (FIU IND). CoinDCX, one of India’s leading crypto exchanges, reported an astonishing 2,000% increase in crypto deposits in less than a week after the notice was issued. Meanwhile, Mudrex, an investment platform, received deposits exceeding $1 million and added a remarkable 10,000 new users to…

Crypto Exchange Upbit Gets Full Licensing in Singapore

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Crypto exchange Upbit secures full operational license in Singapore

South Korean crypto exchange Upbit has secured a full license in Singapore, enabling its digital asset business to expand in the region. Upbit received final regulatory approval in Singapore with the exchange announcing it had secured a full license on Jan. 8. The latest development is three months after the exchange announced it had received in-principle approval from the Monetary Authority of Singapore (MAS) for offering digital token payment services. “This license marks an important step for us to serve institutional and retail clients with cutting-edge digital asset solutions contributing…

Top Crypto Exchange Binance Announces Upcoming Support for Soon-To-Be Launched Gaming Altcoin

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Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform. Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th. Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens. Binance says it will attach a seed tag to XAI, which the exchange…

Taiwanese crypto exchange founder arrested for fraud: Report

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Authorities in Taiwan have reportedly arrested David Pan, the founder of Ace Exchange, for allegedly committing fraud using cryptocurrencies.  According to a Jan. 4 report from the Liberty Times, the Taipei City police arrested Pan and 14 others following raids on several locations, including Ace’s headquarters. The authorities reportedly alleged the individuals earned roughly 200 million Taiwanese dollars — $6.4 million at the time of publication — in illegal gains by deceiving investors with false crypto claims. In a Jan. 4 statement on X (formerly Twitter), Ace said any alleged…

SIX Swiss Exchange Records 13% Drop in Turnover

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The trading turnover for SIX Swiss Exchange recorded a notable decrease to CHF 1,046.3 billion from the previous year’s CHF 1,208.1 billion in 2023. This reflects fluctuations, expansions, and new market entries, shaping the trajectory of both exchanges’ activities throughout the year According to a statement released by the company today (Wednesday), the exchange witnessed a surge in transaction volumes, reaching 46,094,349 from the previous 60,810,665, showcasing increased market activity despite lower turnover. Ten companies chose SIX Swiss Exchange for equity listings, aggregating approximately CHF 2.2 billion in transaction volume.…