Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’
There’s no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday. Go to Source Powered by WPeMatico
OTC
Auto Added by WPeMatico
China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures
BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most … Read more
Chinese traders turn to OTC desks amid regulatory crackdown
Threats from China’s central government appear to have done little to quash local demand for crypto assets. Go to Source Powered by WPeMatico
Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment, the naira had fluctuated … Read more
DOT over the counter? Osprey Funds set to launch Polkadot investment trust
Accredited investors will soon have over the counter access to a DOT investment trust Go to Source Powered by WPeMatico
State Street to provide tech for institutional Bitcoin trading platform
State Street-owned FX platform Currenex will provide its infrastructure for the Pure Digital cryptocurrency exchange. Go to Source Powered by WPeMatico
Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets. Bitwise Plans to Compete With Grayscale’s Bitcoin Trust The … Read more
Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September
Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the … Read more
Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police Amid Nationwide Crackdown According to an announcement published by CEO Global, … Read more
Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring on board margin trading, token listing, crypto games, money transfer, binary … Read more