cryptocurrency exchange
Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’
The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets for 2022. Many analysts supported calls for a $100,000 (BTC) price before the end of 2021 and although this seems unlikely, most investors expect the key price level to be tackled before Q2 of 2022. Here’s a look at some of the Bitcoin price predictions analysts are expecting in 2022. Bitcoin is still on track to surpass $100,000 Analysts has been more reticent in providing off the cuff Bitcoin predictions ever since PlanB’s stock-to-flow model incorrectly predicted a $98,000 BTC price by the end of November, even though the model had been spot on from August through October. While some traders are now questioning the validity of ...
Binance Turkey fined 8M lira for non-compliance against money laundering
The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found crypto exchange Binance’s Turkey operations guilty of violating laws that intend to prevent the laundering of money acquired through criminal means. According to local news media Anadolu Agency, MASAK carried out an audit of Law No. 5549 on Prevention of Laundering Proceeds of Crime, also known as the AML Law. The AML Law in Turkey requires companies to identify and verify the personal identification information...
Bakkt president Adam White announces departure from digital asset platform
Adam White, the president and founding executive of digital assets company Bakkt, is leaving the firm after three years. In a Thursday post on Twitter, White said next week would mark his departure from Bakkt, where he has served as both chief operating officer and president. White joined Bakkt after leaving Coinbase in 2018, where he worked as a vice president and general manager. The Bakkt president did not reveal what his next move would be, or whether he would continue to work in the crypto space. “I’ve loved working at intersection of crypto + markets and good to see the industry finding the balance between innovation & regulation,” said White. “Lots of work still to do here but never been more optimistic about the future.” After a great 3+ years at bakkt, next week will be my las...
Crypto exchange Kraken acquires non-custodial staking platform Staked
Major cryptocurrency exchange Kraken has announced that it purchased blockchain infrastructure company and investment manager Staked for an undisclosed amount. In a Tuesday announcement, Kraken — the crypto exchange aiming for a $10 billion valuation — said it had added Staked to its portfolio of yield products following the acquisition. The company described the Staked deal as “one of the largest crypto industry acquisitions to date” but did not disclose the amount. According to Kraken CEO Jesse Powell, Staked users will have access to Kraken’s portfolio of yield products. Staked CEO Tim Ogilvie cited the exchange’s “commitment to supporting proof-of-stake networks” as well its track record on customer experience and security in its decision to move forward with the deal. As we gear up fo...
Crypto exchange FTX US partners with four Washington, DC sports teams
The company behind four major Washington, D.C.-based professional sports teams has announced FTX US will be its official crypto exchange and nonfungible token partner. In a Monday announcement, Monumental Sports and Entertainment, or MSE, said FTX US would be the official crypto partner of the Washington Capitals hockey team, the Washington Wizards men’s basketball team, the Washington Mystics women’s basketball team and the Capital City Go-Go basketball team as part of a multi-year deal. According to MSE, FTX US’ NFT platform will have exclusive rights to future token drops by the four teams and the exchange will be a partner for an in-game highlight series, dubbed “Big Block-Chain.” “The integration of blockchain technology with the sports experience has only just begun, and together we ...
Former acting comptroller of the currency joins Voyager Digital’s board
Crypto trading platform Voyager Digital announced Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has joined the firm’s board of directors. In a Monday announcement, Voyager chair Philip Eytan said Brooks had joined the board as an “independent, non-executive director,” citing the former comptroller’s experience at crypto companies and his leadership behind regulatory initiatives in the United States during his time at the OCC. Brooks served as acting Comptroller of the Currency until January, was Coinbase’s chief legal officer from 2018 to 2020 and held the position of CEO at Binance.US for less than four months this year. Welcome Brian Brooks as the newest member of our Board of Directors Brooks, the Former Acting Comptroller of the U.S. Currency, is a globally rec...
Former acting comptroller of the currency joins Voyager Digital’s board
Crypto trading platform Voyager Digital announced Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has joined the firm’s board of directors. In a Monday announcement, Voyager chair Philip Eytan said Brooks had joined the board as an “independent, non-executive director,” citing the former comptroller’s experience at crypto companies and his leadership behind regulatory initiatives in the United States during his time at the OCC. Brooks served as acting Comptroller of the Currency until January, was Coinbase’s chief legal officer from 2018 to 2020 and held the position of CEO at Binance.US for less than four months this year. Welcome Brian Brooks as the newest member of our Board of Directors Brooks, the Former Acting Comptroller of the U.S. Currency, is a globally rec...
Indian state government to accredit Web2 and Web3 blockchain startups
The state government of Telangana announced the launch of the India Blockchain Accelerator program to foster early-stage Web2 and Web3 startups and blockchain developers aimed at solving real-world challenges. The program will be launched in partnership with unicorn crypto exchange CoinSwitch Kuber and Lumos Labs, a technology innovation management firm. In a dialogue with Cointelegraph, Rama Devi Lanka, Director Emerging Technology and Officer on Special Duty (OSD), ITE&C Department, Government of Telangana, highlighted the state’s intent to adopt blockchain projects across multiple use cases: “Some of the interesting use cases that the state has already piloted in Blockchain include – T-Chits (Chit funds in Blockchain), Supply Chain (Seed Traceability), E-voting (Digital ...
Listing frenzy! Coinbase adds nearly 100 crypto assets for trading in 2021
As of today, Coinbase has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the number of assets it had accumulated in the eight years since its founding. Is this rapid expansion a simple cash-grab? Are any of these lesser-known tokens and coins securities? Is this irresponsible or overly ambitious? What does this rapid expansion of assets by Coinbase mean? A money grab? I feel the answer to the first question is an emphatic “No!” Coinbase is making a lot of money on trading fees, but its token list expansion is not about the money. Coinbase started out with a small booth at a conference “just trying to make something that customers wanted,” pitching T-shirts and a hosted Bitcoin (BTC) wallet. Now, Coinbase is the second-largest c...
Voyager Digital will be crypto brokerage partner for National Women’s Soccer League
Crypto trading platform Voyager Digital has inked a deal with the National Women’s Soccer League, or NWSL, aiming to provide players crypto education and financial support. In a Tuesday announcement, Voyager said it would become the league’s first cryptocurrency brokerage partner as part of a multi-year deal. The trading platform said a “significant amount” of the investment would fund rostered players’ crypto accounts. There are expected to be 12 teams in the NWSL starting in 2022, so up to 312 players could benefit from the Voyager partnership. “Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary ...
Binance partners with Indonesian telco to develop new crypto exchange
Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform. According to a joint announcement on Wednesday, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home to about 240 million people. To assist with the development of the new exchange platform, Binance will provide asset management infrastructure and technology. The agreement will also seek to increase the application of blockchain technology in Indonesia more broadly. The new partnership enables Binance to grow its operations in a nation where it already has an investment in crypto trading platform Tokocrypto. Binance CEO and founder Changpeng Zhao said: “Our ambition at Binance is to grow th...
The African Millennial Population Can’t Get Enough of Bitcoin
Bitcoin for beginners: The how to guide. When the pioneering cryptocurrency Bitcoin came on the scene, many people assumed this currency would be most relevant for people in the developed world. However, African millennials are rapidly upending stereotypes about Bitcoin adopters. Why Bitcoin Is So Attractive For Young Africans Some commentators believe that the recent growth in Bitcoin prices represents the inflation of a fiscal bubble. Still, many other financial experts believe Bitcoin’s exponential rise is here to stay. The incredible explosion of Bitcoin prices has proven difficult to resist for people who are desperate to get into investing. Many thousands of young Africans are currently betting big on Bitcoin. For years now, Africans across the continent have adopted technology with ...
