Posts

Showing posts with the label exchange

Orbs’ dLIMIT and dTWAP protocols now on PancakeSwap’s decentralized exchange

PancakeSwap, a prominent multi-chain decentralized exchange (DEX), has integrated Orbs’ innovative dLimit and dTWAP protocols , according to information shared with Finbold on April 11. Marking a significant advancement in decentralized finance (DeFi) trading capabilities, the integration enables PancakeSwap traders to employ advanced order types, ensuring guaranteed price execution and breaking down large orders into more manageable trades. The wide application of Orbs’ solutions As the largest DEX by trading volume to embrace this technology, PancakeSwap joins a roster of leading platforms including QuickSwap, SpookySwap, and Thena, in integrating Orbs’ solutions.  Picks for you Key XRP levels to watch for a move towards $1 9 mins ago Dogecoin flies bullish flag as DOGE Day draws near; Targets $0.4 1 hour ago CryptoUK welcomes NexeraID as a partner in crypto privacy-preserving compliance 1 hour ago This is the real danger for the U.S. econ...

Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering

The exchange confirmed its COO's brief relationship to an alleged money laundering group in a statement on November 13. Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering incident.  Previously Zhemin Guo and Chengwen Tu, two local businessmen, were accused by police of operating a multi-billion-dollar money laundering scheme by using their foreign exchange offices and crypto exchange accounts to launder proceeds of crime obtained via wire fraud from overseas. Chengwen Tu is also accused of defrauding the country's tax authorities by claiming 300 million New Taiwan Dollar ($9.28 million) in fradulent export tax refunds through overseas sale of video game credits.  Taiwan currently has no official licensing regime for c...

Resignation of Binance France director adds to list of people leaving cryptocurrency exchange

Image
When delving into content creation, three pivotal elements come to the forefront: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the diversity in sentence structures. Simultaneously, predictability measures the likelihood of predicting the next sentence. Human-generated content often exhibits greater burstiness, featuring a blend of longer, complex sentences and shorter ones. Conversely, AI-generated sentences tend to maintain a more uniform structure. As I guide you in crafting the forthcoming content, I emphasize the importance of infusing it with a substantial amount of perplexity and burstiness, while keeping predictability at a minimum. It is essential to adhere to the use of the English language exclusively. Now, let’s rephrase the provided text: Stéphanie Cabossioras has become the latest in a string of high-ranking executives to exit the crypto exchan...

Coinbase crypto exchange obtains payment license in Singapore

The new MPI license comes one year after Coinbase’s initial in-principle approval in Singapore, enabling it to expand digital payment token services. The United States-based crypto currency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial in-principle approval in Singapore, enables the company to expand its digital payment token services to individuals and institutions in the country. According to MAS, MPI-licensed firms are authorized to conduct payment services without being subjected to transaction limits of 3 million Singapore dollars ($2.2 million) for any payment service. The approved companies are also free from the 6 million SGD ($4.4 million) limit of monthly transactions for two or more payment services, oth...

Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC hodling

Image
Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Bitcoin (BTC) exchange s have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchange s, highlights the extent to which volume s have decreased since BTC/USD entered its current range in March. The past week saw between 8,000 and 15,000 daily spot exchange transactions — a fraction of the standard March daily tally, which exceeded 600,000. For contributing analyst Caue Oliveira, a principal force behind th...

Binance reopens exchange services in Belgium

Binance announced on Monday, September 25, that it had reopened customer registrations in Belgium. The exchanges products and services are also accessible in the country to customers who accept new Terms of Use. Binance had halted operations in the country in August, directing customers to a Polish entity. Binance , the world’s largest cryptocurrency exchange by trading volume, has announced that new customer registration and access to products and services is now reopened in Belgium. The announcement comes nearly a month since the exchange notified its customers that access to Belgian customers would be available via Binance Poland. That move followed an order from the Belgium market regulator warning Binance not to offer its services in the country. Great news for our Belgian community 🇧🇪 We've now reopened registrations and access to # Binance products and services in Belgium. https://t.co/IActiqYMjm — Binance (@binanc...

Eight exchanges handle 90% of crypto trading, Kaiko data shows

The majority of digital asset trading around the world is handled by just eight cryptocurrency exchanges, according to an analysis by Kaiko. The study revealed that only eight crypto exchanges handle 90% of the global crypto trading volume and hold as much as 92% of the market depth. Introducing: The #Crypto Liquidity Concentration Report 90% of liquidity is concentrated on just 8 exchanges liquidity has become more concentrated over time Binance accounts for 30% of global depth and 64% of volume Check it out:https://t.co/kInbfgGGkW — Kaiko (@KaikoData) September 8, 2023 Since the beginning of 2023, Binance has accounted for over 30% of the cryptocurrency market depth worldwide. It is also responsible for more than 64% of crypto trading volumes globally. The Changpeng Zhao-led exchange has maintained its status as the most significant player in the digital asset sector. However, per the report, its market depth has fallen nearly 12% since 2021. Other exchanges that hold...

Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds

Image
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors. According to a May 8 post by Miller Thomson, the law firm representing users of the defunct crypto currency exchange QuadrigaCX, interim distribution of funds tied to bankruptcy proceedings will be scheduled "in the coming weeks." Bankruptcy trustee Ernest & Young announced the interim distribution in consultation with estate inspectors. In the near future, the trustee will post a Notice to Affected Users regarding details about the manner and procedure of the distribution. According to Miller Thomson, a small number of affected users are expected to receive a Notice of Disallowance of Claim, which means that the creditor's claim has been revised or disallowed in the bankruptcy process.  "If you received a Notice of Disallowance, you have the right to appeal the decision," Miller Thomson explained, addin...

dYdX exchange launches testnet for 'fully decentralized' version 4

The crypto exchange launched a testnet featuring an on-chain order book and matching engine, doing away with the centralized components found on the mainnet version. Crypto exchange dYdX has launch ed a public testnet of its V4 iteration, according to a July 5 announcement from the exchange ’s development team. This marks the completion of “milestone 4” out of five, paving the way for a future V4 mainnet launch . Once implemented on mainnet, V4 is expected to allow for “full decentralization” of the exchange. v4 Testnet is officially live https://t.co/TD5caN6VSQ Here are all the links you may need for easy access! Public Testnet: https://t.co/BZ57SvuXNv Testnet Status Page: https://t.co/7vkrGZs9fx v4 Documentation: https://t.co/tKTUWacKld Feedback and Block Explorer links — dYdX (@dYdX) July 5, 2023 dYdX is a crypto exchange built on Ethereum and StarkEx networks. Because it does not take custody of users’ funds, it is generally considered to be a decentralized exchange (DEX). ...