Tag: Exchange

Namibia signs crypto exchange regulation bill into law

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The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges. On July 21, the VASP-regulating law was inserted into the Gazette of the Republic of Namibia after previously being approved in Namibia’s National Assembly on July 6 and signed by President Hage Geingob on July 14. The bill called the Namibia Virtual Assets Act 2023 aims to assign a regulatory authority to supervise crypto exchanges in the country. It is the first…

Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

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In a statement to CoinDesk, a spokesperson for KuCoin said that the company has “not initiated any alleged layoff plans.” However, the spokesperson said that “as part of the company’s business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process in organizational development.” Source

Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

CryptoX – Cryptocurrency Analysis and News Portal In a statement to CoinDesk, a spokesperson for KuCoin said that the company has “not initiated any alleged layoff plans.” However, the spokesperson said that “as part of the company’s business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process in organizational development.” Source The post Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs appeared first on CryptoX. CryptoX Portal

Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

“Today, Rain is launching in the UAE, as the first licensed retail exchange,” Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday. “This is a 5 year effort, as we were one of the first exchanges to enquire about licensure back in 2018, when the ADGM released their virtual asset framework,” referring to the Abu Dhabi Global Market financial freezone. Source

Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets

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A platform aimed at ‘deanonymizing the blockchain’ has accepted its first submission for information concerning information on wallet addresses connected to Terraform Labs and its co-founder Do Kwon. In a July 24 announcement, Arkham Intel Exchange said it had accepted a submission from two “on-chain sleuths” resulting in a bounty payment of 9519.2625 ARKM — roughly $5,000 at the time of publication. An anonymous user and Ergo, a self-described “glorified accountant” working with OXT Research, sent the platform “evidence of wallets” owned by Kwon and Terra. Ergo said this information…

Zeebu (ZBU) Token Goes Live for Trading on LBank Exchange

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July 23, 2023 – Dubai, United Arab Emirates The world’s first loyalty token tailored for telecom carrier businesses – Zeebu (ZBU) – has been successfully listed on global cryptocurrency exchange LBank. From today, users of the LBank Exchange can officially trade the ZBU/USDT trading pair. The milestone marks a significant step in the journey of Zeebu, whose goal is to empower telecom carriers with loyalty rewards and streamline invoice settlements within its ecosystem. Listing details Trading pair – ZBU/USDT Start deposit – 07:00 UTC on July 21, 2023 Start trading –…

Binance Embraces Worldcoin: Altman’s Orb-Based Project Goes Live on Major Exchange

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Binance has announced that it would be launching the Worldcoin token, the principal digital asset of the Worldcoin project, co-founded by the brilliant AI programmer and entrepreneur Sam Altman. Worldcoin’s introduction on Monday received a lot of attention from the cryptocurrency community due to its novel approach to resolving issues of identification and wealth disparity. Released in May, Worldcoin’s World App is a gas-free crypto wallet that showcases the company’s commitment to innovation after its transition from Polygon to Optimism. Binance is adding two new spot trading pairs for the Worldcoin…

Bitcoin whale exchange inflow share hits 1-year high — over 40%

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Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode shows that contrary to popular belief, opportunistic entities are the most active whales. The birth of the Bitcoin “short-term holder” whale Since BTC price action returned to $30,000, a shift has taken place among Bitcoin traders. As Glassnode shows, so-called short-term holders (STHs) — investors holding coins for a maximum of 155 days — have become significantly more common. As…

Nigeria’s social payments app, Bundle, shutting down crypto exchange

Bundle, a Nigerian social payments app, is winding down its cryptocurrency exchange division. Although the reasons for Bundle’s decision have not been disclosed, it indicates a change in the company’s approach. Bundle dumps crypto amid CBN restrictions The company says the decision was prompted by the “current gloomy market conditions,” leading it to refocus on its core payments business. Until Sep. 30, 2023, Bundle will continue to support crypto trading on its platform. However, users will no longer be able to buy or sell cryptocurrencies through Bundle after that. Bundle,…

Indonesia unveils national crypto exchange and clearing house 

Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors in the region.  The bourse, which has been operational since July 17, 2023, will list existing licensed crypto companies such as Binance’s Tokocrypto and Indodax as traders. Indonesia fostering crypto adoption  When nations like Kuwait are imposing blanket bans on crypto, the Indonesian government has introduced a new national crypto exchange to enhance transparency and foster investor protection.  Operated by PT Bursa Komoditi Nusantara (BKNI), a subsidiary of the Indonesian Commodity Futures…