Conor Grogram, head of product business operations at Coinbase has unearthed evidence that suggests Satoshi may have used Cavirtex, an early Canadian bitcoin exchange that was initially purchased by New York-based Coinsetter in 2015 before being subsequently acquired by Kraken in 2016. Grogram used on-chain analysis to determine that a Satoshi wallet that starts with […] Original
Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country. Bybit Hit With Penalty, Website Blocked in India Over AML Violations The Indian Ministry of Finance announced last week that the Financial Intelligence Unit-India (FIU-IND) had imposed a financial […] Source
Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with all centralized exchanges. When the value…
Uniswap (UNI), the top decentralized exchange (DEX) by trading volume, has rolled out a new protocol upgrade across multiple chains. The DEX says its new “v4” transforms the protocol into a “developer platform.” “Made possible with the introduction of hooks – contracts that allow anyone to customize how pools, swaps, fees, and LP (liquidity provider) positions interact. Hooks mean unlimited new features that drive deeper liquidity and more swaps. The lowest cost version of the protocol yet. Pools on v4 are expected to be 99.99% cheaper to create, and swappers…
A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time…
The second-largest US-based crypto exchange by trading volume is announcing huge upticks in revenue and trading volume last year. According to a new blog post, Kraken says that its revenue and trading volumes doubled in 2024 compared to what it did in 2023. Kraken attributes its growth last year to the company’s focus on improving execution. “Our relentless execution is evidenced by our 2024 financial highlights, which we are releasing for the first time in Kraken history. In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380…
Japan’s ‘MicroStrategy’ adopts own 21 million plan for Bitcoin purchases Metaplanet, a publicly traded Japanese firm often called “Asia’s MicroStrategy,” is raising more than 116 billion yen ($745 million) to expand its Bitcoin holdings. On Jan. 28, the company announced it had issued 21 million shares through moving strike warrants, which grant investors stock acquisition rights with adjustable exercise prices. While such warrants are typically issued at a discount, Metaplanet’s offering does not, setting the share price at the full closing value on the pricing date. The company claims this…
The Cyprus Securities and Exchange Commission (CySEC) has launched an initiative to enhance the Cyprus Stock Exchange (CSE) in order to restore its role as a key driver of economic development in Cyprus. A roundtable discussion on the topic, “Strengthening the Cyprus Stock Exchange,” took place at CySEC’s offices. Various stakeholders attended and presented proposals aimed at revitalising investor interest, attracting new companies, and increasing the number of investment products on the CSE. “A healthy stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse…
OKX finally received the Markets in Crypto-Assets Regulation (MiCA) license. The milestone allows the crypto exchange to offer regulated crypto services through localized offerings targeting more than 400 digital asset users in Europe. Currently, OKX ranks as the fourth with a trading volume of $4.9 billion in the past day alone. According to data from CoinMarketCap, the current top three exchanges are Binance, Bybit, and Coinbase. “The full MiCA license marks a pivotal step in OKX’s journey as a responsible leader and innovator across the global crypto ecosystem. Europe holds…
A new “culture coin” is rolling out on Binance. The top global crypto exchange airdropped Animecoin (ANIME) to qualified users this week and then listed the asset for trading. Animecoin is the sixth project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Animecoin bills itself as a way for fans to own a piece of the anime industry. “ANIME is a true Culture Coin – a movement that transforms the anime fandom of 1 billion fans into a community-owned…