Tag: Exchange

Whales accumulated $1.6b in ETH in 7 days, exchange outflows surge

Ethereum whales have been accumulating the asset as the Oct. 23 price drop brought a buying opportunity. According to data provided by IntoTheBlock, large Ethereum (ETH) addresses saw a net inflow of over 598,000 ETH over the past week—worth $1.6 billion at the current price. The accumulation gained traction after the ETH price plunged from its local high of $2,765 between Oct. 21 and 23. ETH large holder net flows | Source: IntoTheBlock Ethereum gained 4% in the last seven days and is trading at $2,685 at the time of…

Crypto Exchange OKX Announces ‘Milestone’ Partnership With Investment Bank Standard Chartered

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The fourth-largest crypto exchange by trading volume is announcing a new partnership with a prominent international banking giant. In a new announcement, OKX says it is collaborating with Standard Chartered with the aim of enhancing custodial solutions for institutional clients. “Today we were pleased to announce that we’ve officially partnered with Standard Chartered, a leading international cross-border bank, as our third-party crypto custodian for institutional clients. This milestone reflects our commitment to security, innovation, and the future of digital assets.” According to the press release, Standard Chartered will act as…

Silk Road-Linked Money Laundering: US Charges Bitcoin Exchange Operator

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The US Department of Justice has charged Maximiliano Pilipis with alleged offences related to operating an unlicensed cryptocurrency exchange and laundering proceeds from Silk Road, a now-closed anonymous dark web marketplace. Charged with Money Laundering and Tax Evasion Announced yesterday (Monday), the 53-year-old faces five counts of money laundering and two counts of willfully failing to file a tax return. If convicted, he could face up to 10 years in prison and a fine of up to $250,000. Pilipis operated AurumXchange between 2009 and 2013 without a licence, allowing individuals…

Crypto Exchange Coinbase Lands Partnership With the NBA’s Golden State Warriors

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US-based crypto exchange Coinbase is now the official cryptocurrency platform and blockchain partner of the NBA’s Golden State Warriors and its home court, the Chase Center. In a statement, the NBA says the deal will give Coinbase a prominent placement at Chase Center, making the firm’s brand visible during broadcast and in the arena.  The partnership will offer fans season-long access to on-chain experiences and limited edition merchandise, and additional benefits will also be given to those who sign up for a Coinbase account. Fans who will watch the team’s…

Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report

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The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15. The index will aim to provide a reliable benchmark for the pricing of Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone while solving the price differences between the different global exchanges. According to HKEX, the index will be based…

StoneX Expands Operations in India, Joins International Bullion Exchange

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StoneX Group is expanding its services in India with International Bullion Exchange (IIBX) membership and the opening of new offices in the region. According to a report by the firm, StoneX has experienced significant growth since its entry into the Indian market in 2019, now employing over 550 staff in the country as part of a global workforce exceeding 4,300 employees. Expansion in India Commenting about the expansion plan, Greg Kallinikos, APAC CEO at StoneX, said: “India has consistently been at the forefront of technological innovation across various sectors, making…

RD InnoTech Targets Future Stablecoin Launch with HashKey Exchange, Advancing Cross-Border Payment Ambitions

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HONG KONG, Oct. 28, 2024 /PRNewswire/ — RD InnoTech Limited (RD InnoTech), a subsidiary of RD Technologies Group, is steadily advancing the issuance of its HKDR stablecoin. From the outset, RD InnoTech has focused on ensuring HKDR complies with rigorous regulatory standards while preparing for seamless market entry to support international payments and cross-border transactions. On July 18, 2024, RD InnoTech was admitted into the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox, establishing a crucial framework for future compliant operations. RD InnoTech plans to roll out its HKDR stablecoin on…