Tagged: crypto trading

November 12, 2022 @ 3:50 pm By Omar Faridi  |  

The Securities Commission of The Bahamas (the Commission) took action “to freeze assets of FTX Digital Markets and related parties.” The Commission also “suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital… Read More

November 11, 2022 @ 3:34 pm By Omar Faridi  |  

Given the current discussion regarding solvency, the team at Kraken wanted to explain the systems they have in place “to ensure that assets on [their] exchange are readily available to you at any time and especially during times of uncertainty.” First, it is important to… Read More

November 11, 2022 @ 10:49 am By Omar Faridi  |  

The team at Gemini noted that they’re pleased to announce that their platform will “expand its Greater Seattle Area presence in 2023, with plans to increase the number of employees based in our Bellevue downtown office from 28 to over 125.” There are currently 100+… Read More

November 10, 2022 @ 4:15 pm By Omar Faridi  |  

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s data-driven fintech and e-commerce ecosystem, announced the establishment of a strategic cryptocurrency payment partnership with Canada-based CoinSmart Financial Inc, a Toronto-headquartered crypto asset trading platform. Under this paradigm-shifting collaboration, SmartPay by CoinSmart “provides transaction settlement services in… Read More

November 10, 2022 @ 1:07 pm By Omar Faridi  |  

Kris Marszalek, CEO of Crypto.com, said that they’ve shared the belief that it “should be necessary for crypto platforms to publicly share proof of reserves” and Crypto.com will be publishing their audited proof of reserves. According to the company CEO, this is “a critical moment… Read More

November 10, 2022 @ 7:45 am By Omar Faridi  |  

Research from Trulioo, a key player focused on global identity verification, shows consumers consider identity verification vital and “reassuring during onboarding and throughout their relationship with crypto exchanges.” The research, highlighted in the “Crypto customers call for reassurance in uncertain times” report, reveals that 70%… Read More

November 8, 2022 @ 7:57 am By Omar Faridi  |  

One of Europe’s “fastest-growing” digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, “valuing the company at EUR 180million.” The “community-driven” exchange claims it has become “a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with… Read More

November 6, 2022 @ 5:07 pm By Omar Faridi  |  

Digital asset firm Okcoin has successfully completed a security audit. This milestone is just another step in their journey of offering their customers the “safest” crypto experience in the industry, the firm claims. As noted in the update, Okcoin has successfully completed the Service Organization… Read More

November 5, 2022 @ 6:41 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest crypto exchange by volume (behind Binance) and a web3 platform, announced its registration as a Digital Asset Business in The Bahamas “under the newly adopted Digital Assets and Registered Exchanges (DARE) Act.” The company has also… Read More

November 1, 2022 @ 7:44 am By Omar Faridi  |  

Gillian Lynch, Head of Ireland and EU operations at Gemini, notes that the digital asset firm is pleased “to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies.”… Read More

October 27, 2022 @ 9:10 am By JD Alois  |  

-Retail Investors May Be Banned from Using Leverage in Crypto Trading -Banks Allowed to Issue Stablecoins The Monetary Authority of Singapore (MAS) has proposed new initiatives aimed at mitigating risk to consumers in regard to crypto trading. At the same time, MAS has proposed new… Read More

October 24, 2022 @ 11:07 pm By Omar Faridi  |  

OKX, which claims to be the world’s second-largest crypto exchange by trading volume (behind Binance), has launched a number of activations in coordination with the launch of the Aptos Mainnet. Aptos is a layer 1 project that aims “to develop a safe, scalable, and upgradeable… Read More

October 20, 2022 @ 9:02 pm By Omar Faridi  |  

Virtual currency trading company CrossTower continues to pursue a potential deal to acquire the assets of the once-leading and now-bankrupt Voyager Digital Ltd. out of bankruptcy, a lawyer for CrossTower noted at a court hearing on Wednesday (October 19, 2022). John Ashmead, CrossTower’s lawyer, a… Read More

October 18, 2022 @ 5:13 pm By Omar Faridi  |  

Following Kraken’s listings of Altair (AIR), Basilisk (BSX), Bifrost (BNC), Karura (KAR), KILT (KILT), Kintsugi (KINT), Moonriver (MOVR), Phala (PHA) and Tokemak (TOKE) for most countries, Kraken is pleased to announce “the availability of these tokens for residents of the United States and Canada.” Funding… Read More

October 18, 2022 @ 12:26 pm By Omar Faridi  |  

Regulators in Texas are reportedly probing cryptocurrency platform FTX and company CEO Sam Bankman-Fried. The state securities regulator is looking into whether FTX has offered unregistered securities to Texas residents, which could potentially be a violation of state law. According to reports, Texas’ securities regulator… Read More

October 18, 2022 @ 8:02 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, announced the launch of a new series of crypto benchmarks, Binance CoinMarketCap (CMC) Index Series. The indices are designed “to enable users to better monitor and evaluate the performance of the crypto… Read More

October 17, 2022 @ 10:50 am By JD Alois  |  

Mastercard (NYSE:MA) has partnered with leading digital asset platform Paxos to offer crypto trading to banking firms. According to a statement by Mastercard, “Crypto Source” is a new feature that provides an option for traditional financial services to offer crypto trading services. Walter Hessert, Head… Read More

October 16, 2022 @ 6:14 pm By Omar Faridi  |  

OKX, which claims to be the world’s “second largest” cryptocurrency exchange (presumably after Binance), announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed “to provide trusted and verifiable market data to decentralized applications.” Pyth operates… Read More

October 15, 2022 @ 2:49 pm By Omar Faridi  |  

Crypto.com, which claims to be the world’s fastest growing cryptocurrency platform, announced it will “invest €150 million in France to support the establishment of its market operations, including a regional headquarters in Paris.” This investment “follows Crypto.com being registered as a Digital Asset Service Provider… Read More

October 15, 2022 @ 2:34 pm By Omar Faridi  |  

Blockchain.com, a leading crypto wallet provider, digital asset trading platform, and block explorer service provider, recently revealed that it has “secured an in-principle approval for the Major Payment Institution License offering Digital Payment Token services from the Monetary Authority of Singapore (MAS).” With this preliminary… Read More