Hong Kong to subject crypto exchanges to the same laws governing TradFi


The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines. Hong Kong’s legislative council has passed a new amendment to its anti-money laundering (AML) and terrorist financing system to include virtual asset service providers.The latest legislation will establish a new licensing

FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source


FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app. Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According to details published by former investment banker

Bitcoin batters longs as liquidations copy May 2021 run to $30K


It’s been longs paying the price since early December, data shows, in a sign which accompanied a market reversal several times last year. Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much.In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing…

OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA


Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform. Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24…

ADA surges as Cardano rivals Ethereum – Where to buy Cardano


Cardano price is up nearly 1,900% in the last year and the latest update could signal further moves to the upside With the introduction of smart contracts, many investors are turning to Cardano as a hedge against potential problems with Ethereum Cardano is a proof-of-stake blockchain platform that leverages pioneering technologies to provide decentralised applications…

No Worries With HakunaMatata? – Where to buy HakunaMatata


HakunaMatata is up 500% since its launch on May 24th 2021. This new coin was opened up for sale to the general public on May 24th, and since then has grown by more than 400%. It is the latest in a long line of new cryptocurrencies that are capturing the public’s imagination and enjoying a…

China considers crypto assets to be investment alternatives


A deputy governor of the People’s Bank of China has revealed that the central bank considers cryptocurrencies to be investment alternatives Li Bo, a deputy governor of the People’s Bank of China (PBoC), has revealed that the central bank views cryptocurrency assets as alternative investment vehicles. He said this while discussing the regulatory uncertainty in…

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy


U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals…

BitMex has bled 45k Bitcoin since US gov charges, allowing other exchanges to benefit


Gemini, Binance, OKEx and Huobi appear to be the biggest gainers of the BitMex fallout. Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders…

Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange


The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%. Just recently, the defi space has touched a few new milestones as the ecosystem’s…

More pump than dump: 22% UniSwap (UNI) price drop doesn’t faze traders


UniSwap’s UNI governance token soared to $8.60 before pulling correcting sharply but top traders expect the price to rise higher. Earlier today (YFI) and Ether (ETH) rose sharply after Uniswap’s governance token UNI plunged 22% from $8.00 to $6.80.Cryptocurrency daily market performance snapshot. Source: Coin360UNI, which launched less than 48 hours ago, has rallied…

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions


Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told that the exchange will now start restricting new accounts and closing old ones, as part of the shutdown process. “Current…

SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange


The U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to restructure into a decentralized finance (defi) platform. Cryptophyl has revealed the trading platform will officially go offline on September 21 and is asking customers to withdraw before that period. Just recently the SLP token trading platform Cryptophyl has revealed it…

Bitcoin Balances at a 21 Month Low As Exchange Exodus Continues


Bitfinex specifically lost 2/3 of its balances within the same timeframe. According to data from Glassnode, the exchanges it tracks currently hold 2.6 million Bitcoin. That is the lowest this amount has been since November 2018. Bitcoin balances on exchanges. Source: Glassnode.The trend toward users withdrawing their funds from the custodial exchanges first manifested itself…

Decentralized Exchanges Maturing, but High Demand Reveals Limitations


The growth of decentralized exchanges in 2020 has been phenomenal, but there is a hard ceiling with current technology. Decentralized exchanges, also known as DEXs, have risen significantly in popularity since the start of 2020, with both their user bases and volumes growing at an accelerating pace. The sector is currently being driven by so-called…

Coinbase Sees More Institutional Investors Buying Bitcoin in H1


Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange says it observed a “noticeable uptick in institutional business’s growth” in…

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