Tag: Exchange

Hashkey exchange to onboard market makers to boost liquidity

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Hashkey, one of the first crypto exchanges to be licensed in Hong Kong, will soon allow individual and enterprise market makers to provide liquidity on the exchange. According to the Dec. 5 announcement, individuals and entities can apply to be a market maker on Hashkey provided that they trade at least $5 million worth of cryptocurrencies per month on the exchange. After a review of their business plans, approved applicants will be invited to sign a contract with the exchange’s due diligence team and begin trading on Dec. 28.  Depending…

Open Interest in Bitcoin Perpetual Futures Hits New Yearly Record on Deribit Exchange 

The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH. The amount of open interest in Bitcoin perpetual futures on the Deribit derivatives exchange has hit a new high of $740 million. This impressive level was last seen in November 2021 when Bitcoin hit its $68,000 all-time high. As of this writing, open interest in Bitcoin perpetual futures has fallen to $717 million. A rise in open interest in Bitcoin perpetual futures suggests an increase in funds entering…

Steering the Crypto Exchange in a New Era of Compliance

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In March this year, U.S regulators sought to ban Binance, alleging it had been operating in the country illegally. By November, the exchange pleaded guilty to U.S criminal charges of breaking sanctions and money-transmitting laws, agreeing to pay a $4.3 billion fine. Zhao himself pleaded guilty, agreeing to pay $50m and step down as CEO. Teng’s elevation left the crypto world in shock. Source

FOMO Trumps Exchange Chaos: Bitcoin Surpasses $40K

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The US dollar value of Bitcoin has surpassed the $40,000 mark in the early Asian trading hours today (Monday). As of press time, the original cryptocurrency is inching closer to $49,000 apiece, gaining about 3.8 percent in the past 24 hours. With the ongoing rally, Bitcoin crossed the $40,000 level for the first time in 19 months since early May 2022. Meanwhile, the push in the price was not limited to Bitcoin. Ethereum, the second-largest crypto by market capitalization, is trading beyond $2,200 a piece. In the past seven days,…

U.S. Securities and Exchange Commission (SEC) Seeks Public’s Thoughts on Fidelity’s Potential Spot Ethereum ETF

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The U.S. Securities and Exchange Commission (SEC) is asking the public what they think about financial services giant Fidelity’s potential spot market Ethereum (ETH) exchange-traded fund (ETF). In a new notice, the regulatory agency is asking the public for their opinion on Fidelity filing a bid to create an Ethereum-based ETF on the Chicago Board Options Exchange (CBOE). “Given that on November 17, 2023, Cboe BZX Exchange, Inc. filed with the Securities and Exchange Commission (SEC) the proposed rule change as described in Items I, II, and III below, which…

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

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December 1, 2023 – Zug, Switzerland TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space. EREA World AG partnered with Europäische Metallhandels (EMH) AG to develop a cryptocurrency called ‘TMNG,’ which stands for ‘Technology Metal Network Global.’ EMH AG is the market leader for commodities trading in Europe. TMN Global is a platform which combines traditional investing in technology metals, rare earth metals and…

DeFi could solve Africa’s foreign exchange problems, neobank CEO says

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Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States dollar-based services in the continent’s import-dependent economies. This creates a vacuum that decentralized finance (DeFi) could solve, leveraging cryptocurrencies, blockchain networks and services, according to the CEO of Canza Finance, Pascal Ntsama IV. Ntsama said the neobank’s new DeFi technology, Baki, aims to address this challenge by providing a decentralized foreign exchange (FX) for African currencies, enabling slippage-free swaps at central bank rates. Speaking with Cointelegraph, the CEO and co-founder of…

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

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Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court. The $873 million in assets will be sourced from FTX’s stakes in various trusts issued by crypto asset manager Grayscale Investments, valued at $807 million, and custody service provider Bitwise — valued at $66 million. While the court document references a total of $744 million in assets —…

$19.5 Million XRP Shifted To Exchange, Massive Sell Off On The Horizon?

Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange. This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet and was executed today at 05:15:10 UTC. The substantial nature of this transaction places it firmly in the category of ‘whale transactions,’ which are often scrutinized due to their potential influence on market dynamics. In the crypto space, such significant transfers are typically indicative of strategic moves by influential players within the market. While…