Cryptocurrency Exchange

Altcoin Roundup: JunoSwap, Solidly and VVS Finance give DeFi a much-needed refresh

DeFi is undergoing a revival and this time, it’s happening on Ethereum network competitors. Decentralized finance (DeFi) was the talk of the town in early 2021, but it has since taken a back seat to more appealing sectors like nonfungible tokens (NFTs), memecoins and blockchain gaming. Now that cross-chain bridges and interoperability have allowed for the easier migration of assets to competing chains, a new class of DeFi protocols is arising to challenge those left from 2021

UK financial watchdog is investigating 50 unauthorized crypto firms

The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams." The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses.In a Thursday announcement, the FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months “many of which may be scams.” In addition, t

South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised […]

Bob Dylan goes meta as Sony and Universal partner with Snowcrash NFT platform

Solana-based NFT marketplace Snowcrash will release NFT collections of Bob Dylan and Miles Davis later this year. Solana-based NFT marketplace Snowcrash has announced that Sony Music and Universal Music Group — the two largest music labels in the world — have officially partnered with the upcoming platform. The two music labels will release Bob Dylan and Miles Davis NFT collections later this year, ahead of wider integration with their rosters of artists. Jesse Dylan, who pro

US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator […]

Crypto Options Trading: Getting Started in this New Financial Frontier

Crypto options: As the cryptocurrency market matures, there are now many new financial toys available to play with. Here is an explainer. The post Crypto Options Trading: Getting Started in this New Financial Frontier appeared first on BeInCrypto.

South Korean crypto market grows to $45.9B in 2021 despite strict regulations

The 24 licensed crypto exchanges registered a collective average daily transaction volume of near $9.4 billion. South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.South Korea is considered among the strictest crypto markets in terms of regulatory policy implementations and made regular headlines throughout 2021 for its new travel rule and Kno

Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report

SEC enforcement director Gurbir Grewal reportedly said the agency wouldn't be ignoring the funds or securities laws violations for crypto companies that come to them. The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws.According to a Monday report from Reuters, the SEC director of the agency’s division of enforcement, Gurbir

Crypto exchanges consider Ukraine’s call to freeze Russians’ Bitcoin

As some platforms freeze accounts linked to Russia and Belarus, Binance said it will not block innocent Russians' crypto assets. As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addres

Blockchain forensics is the trusted informant in crypto crime scene investigation

As mainstream adoption of crypto increases, blockchain forensics is enabling law enforcement to recover stolen crypto, making the space more secure. The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much so that Netflix has already commissioned a docuseries. But

Goldman Sachs exec joins Coinbase: 'It's time to embrace the cryptoeconomy'

Roger Bartlett is the latest in a line of Wall Street executives who have moved into the blockchain and crypto space. Roger Bartlett, a Goldman Sachs veteran who has held various positions at the firm since 2005, announced he would be moving to Coinbase.In a Friday announcement on LinkedIn, Bartlett said he would be running global financial operations at Coinbase after 16 years at the investment banking giant. The now-former global co-head of operations for global markets at

Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the s

Cointelegraph launches celebrity NFT charity campaign with Binance

Cointelegraph artists will create digital portraits of celebrities for a Rotary Foundation charity auction hosted on Binance’s newly launched NFT platform. Cointelegraph is delighted to announce a nonfungible token charity auction in partnership with the Rotary Foundation and the Binance cryptocurrency exchange.Binance will feature the celebrity-themed charity campaign on its newly launched NFT marketplace, aiming to generate donations supporting financial education for child

Swiss-based Digital Assets AG launches tokenized stock offerings on Solana

Tokenized shares of Facebook, Google-parent Alphabet, Netflix, Nvidia, PayPal, Square and Tesla will be available to trade at the launch. Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets. During the initial rollout, FTX users who have completed Know Your Customer documentation will h

Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint

Gemini has partnered with a nonprofit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a non

FTX becomes official crypto sponsor of MLB

Sam Bankman-Fried, the founder and CEO of FTX and Alameda Research, announced the new partnership on Wednesday. Crypto derivatives exchange FTX has become the official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. As part of the sponsorship deal, which is expected to last for at least five years, every Major League umpire will receive an FTX patch on their uniform, Blankman-Fried tweeted Wednesday morning. Over tim

Coinbase Approved to Enter Japanese Cryptocurrency Market

Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act. According to […]

Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom

Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle. While Bitcoin has been under increasing pres

Bitcoin price clings to $32K as on-chain metrics hint at further downside

China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low. Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since Febru

Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position t