Kraken CCO will join crypto exchange Bitstamp to run US operations
“We doubled our U.S. team in 2021 and expect to triple the team by 2022,” said Robert Zagotta. Go to Source Powered by WPeMatico
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BNY Mellon joins State Street to service new crypto exchange
Traditional financial institutions like State Street and BNY Mellon continue to get involved in the fast evolving cryptocurrency space. Go to Source Powered by WPeMatico
FTX smashes crypto funding record with $900m raise to become exchange decacorn
The crypto derivatives exchange has seen its valuation soar over the past year, reflecting the rapid growth of digital assets over the same period. Go to Source Powered by WPeMatico
Indian regulator probes crypto exchange for alleged forex law violations
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land. Go to Source Powered by WPeMatico
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. Bithumb Global and Bithumb Singapore to Change … Read more
Historically low spot volumes and investor indecision weigh on Bitcoin price
Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders. Go to Source Powered by WPeMatico
Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on … Read more
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need … Read more
Success in DEX? Fast-growing crypto exchanges may hurt DeFi investors
As DEXs continue to accrue billions of dollars in TVL within days of their launch, some question whether they are manipulating their numbers. Go to Source Powered by WPeMatico
Australian digital finance industry wants to legally recognize DAOs
A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools. Go to Source Powered by WPeMatico