For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M
Bitcoin’s balance on three popular exchanges decreased by 390k BTC over the past 9 months. Go to Source Powered by WPeMatico
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Binance Jersey shuts operations less than two years after launch
All accounts on Binance Jersey will be inaccessible as of Nov. 30. Go to Source Powered by WPeMatico
187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) … Read more
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more
Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume
Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? Go to Source Powered by WPeMatico
Six Binance Smart Chain DeFi projects awarded grants from $100M fund
More than 180 projects have applied for grants since the $100 million accelerator fund was announced in September. Go to Source Powered by WPeMatico
Competition for global crypto derivatives market dominance heats up
Despite Binance recording the highest crypto derivatives volume in September, OKEx seems to be fighting back. Go to Source Powered by WPeMatico
Major P2P crypto platform LocalBitcoins is blocked in Russia
LocalBitcoins’ website has been blacklisted in one of its key markets. Go to Source Powered by WPeMatico
Binance overtakes Huobi, OKEx as biggest derivatives exchange
Overall trading volume was down on derivatives exchanges, but one day set a new yearly high. Go to Source Powered by WPeMatico
Japanese financial giant SBI acquires TaoTao crypto exchange
SBI now has two licensed crypto trading platforms in Japan. Go to Source Powered by WPeMatico
