Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase has retracted its earlier statement that the US SEC had requested it to suspend all trading except for Bitcoin. Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times. The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his…
Tag: Exchange
Dubai Welcomes Binance with Operational License for Cryptocurrency Exchange
Cryptocurrency exchange Binance received approval to operate as a cryptocurrency exchange in Dubai, it said in a press statement. The company had obtained a provisional permit in September 2022, media reports said. The Virtual Assets Regulatory Authority (VARA) of Dubai issued Binance with a Minimal Viable Product (MVP) licence last year, enabling the exchange to create a local bank account in the emirate for the storage of clients’ funds. Because of the MVP licence, the exchange may also provide payment and custody services in addition to operating as an exchange…
Crypto Exchange Temporarily Suspends CRV Trading Citing High Volatility
“Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV,” reads the announcement. “To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” Source
Spain Registers eToro as Crypto Exchange, Custody Services Provider
The Bank of Spain has registered eToro as a virtual asset exchange and electronic wallet custody services provider in the country. The Israel-based social trading and investment firm announced the development today (Friday), noting that it secured the registration about a month ago. Get up to 12 months for Free on 50+ Alibaba Cloud Products and Solutions! Enjoy 50% more budget-friendly with cutting-edge enterprise-grade cloud computing services. Click to Start Now! eToro said the registration is to enable the company to provide fiat-to-crypto exchange services in Spain. The registration was…
CFTC Overreached in Suing Binance, Crypto Exchange Says
The filing leans heavily on the view that the CFTC is overreaching in suing Binance, which does not operate in the U.S., and its CEO Changpeng “CZ” Zhao, who does not reside in the U.S., the filing said. The first six of the CFTC’s charges “do not apply to the foreign conduct alleged here,” and several of the charges don’t meet the legal standards set out by statutory requirements, it added. Source
Decentralized Exchange PancakeSwap Expands to zkSync Era Blockchain
As a DEX, PancakeSwap relies on smart contracts instead of middlemen to process trades, lending and lottery services for users. The DEX is available on the BNB Chain, Ethereum, Polygon zkEVM, Aptos and now zkSync Era. The protocol held over $1.57 billion worth of tokens as of Wednesday, DefiLlama data shows. Source link
Hidden Road Partners Teams up With Confidential Exchange Enclave Markets
When a user logs on, funds an account and submits an order, they only need the size and direction of the proposed trade; they don’t need to put in the price, because all the trades are matched at that midpoint price whenever there’s liquidity on the other side, explained Enclave Markets CEO David Wells. Source
Binance and Changpeng Zhao Look To File Motions Compelling the CFTC To Dismiss Lawsuit Against Crypto Exchange
Crypto exchange Binance and its CEO Changpeng Zhao are planning to submit legal motions requesting the dismissal of the Commodity Futures Trading Commission’s (CFTC) lawsuit against the company. According to a new court filing, several Binance business entities, Zhao and Binance’s former chief compliance officer Samuel Lim intend to file two separate motions by July 27th asking the judge to dismiss the lawsuit. The CFTC filed the complaint against Binance in March alleging a long list of regulatory violations, including that the exchange did not properly register with the regulator.…
Bitcoin Exchange Supply Only Slips Further Despite Price Decline
On-chain data shows that the Bitcoin exchange supply has only continued to slip further recently despite the price drop to the $29,200 that BTC has observed. Bitcoin Exchange Supply Has Declined To Just 1.17 Million BTC Now According to data from the on-chain analytics firm Santiment, the latest decline in the price doesn’t look to have triggered a severe reaction from the market yet. The relevant indicator here is the “supply on exchanges,” which measures the total amount of Bitcoin supply that’s currently being stored in the wallets of all…
Archax Launches Institutional Crypto Exchange, Lists 2 Pairs
London-based Archax announced today (Wednesday) the launch of its institution-focused cryptocurrency exchange, which will be operational around the clock. The exchange is focused on catering to the demand from professional and institutional clients. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Initially, the exchange has listed only BTC and ETH against USD. However, it plans to add more trading pairs in the coming weeks and throughout the rest of the year. “We are thrilled…