Exchanges
Top Ukraine government official wants Russians’ crypto assets frozen
Ukraine’s Vice Prime Minister has asked crypto exchanges worldwide to freeze assets held by Russian users Mykhailo Fedorov pointed at NFT platform DMarket that had already initiated such restrictions None of the major crypto exchanges has so far withheld ordinary user assets in Russia In an occurrence that sparked contrasting emotion, Ukraine’s Vice Prime Minister, Mykhailo Fedorov, yesterday asked all global crypto exchanges to block addresses linked to users in Russia. Fedorov particularly insisted on ensuring that freeze actions had to also impact everyday users in addition to political leaders. “I’m asking all major crypto exchanges to block addresses of Russian users. It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicia...
Singapore-based crypto exchange Bitrue to debut ADA base pairs
The Singaporean crypto exchange intends to introduce ADA as a base currency for tokens, including SOL, AVAX, and MATIC Bitrue has shown commitment to advancing growth in the Cardano network through a series of initiatives Singapore-based Bitrue crypto exchange, popular with Ripple’s XRP, has become the latest entity in the crypto sector to launch an initiative to propel the growth of Cardano. The crypto exchange announced yesterday that it would be adopting Cardano’s ADA as the sixth spot trading base currency. With the announcement, the first ADA pairs will go live tomorrow, 24th February. These will include pairs for ETH, SHIB, XDC, MATIC, SOL, AVAX, LTC, GALA, ICP, and MANA. Users will gain the ability to use a flurry of features that come with the said trading pairs – such ...
Bitpanda acquires London-based crypto custodian Trustology
This is the first acquisition deal for the crypto exchange headquartered in Vienna The exchange views the acquisition as a step toward its goal of debuting a Prime Brokerage service Austrian cryptocurrency exchange Bitpanda has completed an acquisition deal for institutional-grade DeFi custodian wallet provider Trustology. Neither party revealed the specifics, but according to a source familiar with the developments, the deal is in the range of eight figures in US dollars. This is the first acquisition the exchange has completed and represents a stride towards unveiling brokerage services under the Bitpanda Pro platform. “The introduction of Bitpanda Custody is the first step in launching a Prime Brokerage offering under Bitpanda Pro to go alongside the regulated digital asset ...
Huobi is planning a comeback in the US market, but not as an exchange
Huobi Tech co-founder Du Jun confirmed in an interview that the exchange is mulling a return into the US The exchange is, however, seeking to re-enter the market in the lines of asset management as opposed to an exchange Crypto exchange Huobi has plans to enter the US market, targeting a different sub-niche. Speaking in an interview with CNBC’s Arjun Kharpal, Huobi co-founder Du Jun expressed the company’s desire to expand into the US. Jun explained that Huobi was ready to get back into the competitive US market after redefining its strategy. The Huobi brand operated in the US market for a short while between 2018 and 2019 through– a US-based entity called Huobi US. The entity failed to stick the landing and consequently withdrew from the market in December 2019, citing regulat...
Here’s why UK and Israel authorities have expressed concerns over Binance
The UK’s FCA says Binance’s partnership with Paysafe is beyond its controlling hand The financial watchdog still holds reservations, with insistence on the ‘significant risk’ warnings it issued against the exchange last year Israel’s Capital Market Authority has suspended Binance operations in the country until the pending licensing issue has been clarified Binance made headlines this week – both for good and bad reasons. The crypto exchange announced the rebrand of some of its assets earlier this week. It was also reported to be under the spotlight of financial authorities in the UK. Not long after, Israel’s market regulator raised the alarm over the exchange regarding the services it offers. Worth noting, the US arm of the exchange, Binance.US, is bein...
Red Bull Racing Team scores a $150M multi-year deal with Bybit exchange
The multi-year agreement defines Bybit as a Principal Team partner As the ‘new’ Tech Incubator Partner, Bybit will push for sustainability, diversity, and inclusion The Red Bull Racing Formula 1 team revealed on Wednesday that it reached a $150 million agreement with Singapore-based crypto exchange Bybit. The deal is expected to run for three years, with the funding split evenly at $50 million annually. According to the press release, the deal also marks the “single largest per-annum cryptocurrency venture” within the international sporting space. Bybit will join the team as a principal team partner – a newly-introduced level of partnership for the team. Among other activities, the exchange will also become the sole cryptocurrency exchange partner and Oracle Re...
Weekly Report: Ether price could pull back to $1,700 as per Bloomberg’s February Crypto Report
Bloomberg analysts predict Ether to retreat to $1,700 before surging again Bybit exchange has announced a partnership with Cabital to bring more on-ramp integrations Canadian lawmaker tables bill to promote the growth of the cryptocurrency industry The cryptocurrency sector saw it all in the second week of February – from volatility in the market to major partnerships within the industry. Here is a rundown of the major stories that you might have missed Bloomberg analysts foresee Ethereum sliding back to $1,700 As markets struggle to recover from the January dump, Ethereum could not yet be out of the woods. A team of Bloomberg analysts has predicted that the second-largest crypto asset is likely to crash to $1,700, though the fundamentals are expected to remain unaffected. The Crypto Outlo...
FTX is running a Bitcoin giveaway alongside the Super Bowl ad
FTX plans to reward users with Bitcoin, whose amount depends on what time its Super Bowl ad will run CEO Sam Bankman-Fried has previously said that the advertisement stage doesn’t get any bigger than the Super Bowl. Bahamian-based cryptocurrency exchange FTX has told users that it will be giving away free Bitcoin alongside the airing of an advertisement during the upcoming Super Bowl LVI on February 13. Time is money, literally, since even though FTX has not said the exact amount that is out for grabs. The exchange has told the community that the winners would take home the same number of Bitcoin as the time the ad runs. Say the ad airs at 9:02 pm EST; FTX rewards 9.02 Bitcoin. “We’re giving some Bitcoin away! How much? $1 million worth? $1.5 million worth? We don’t...
Bybit partners with Cabital to offer EUR and GBP fiat onramps
On Tuesday, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for the euro (EUR )and British pound sterling (GBP) on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital’s fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to the release, Cabital’s fiat-to-crypto on- and off-ramp service allows Bybit customers to purchase cryptocurrencies at reduced gas costs without having to leave the platform. Bybit is Cabital’s first partner to use its fiat on- and off-ramp infrastructure for cryptocurrency exchanges. Ben Zhou, co-founder and CEO of Bybit, explained that Cabital’s goals...
FTX exchange acquires Liquid and absorbs its subsidiary Quoine
The acquisition deal is yet to receive the green light from the financial markets regulator and shareholders Japan-based FTX users will be moved to Quoine after the completion of the deal Following a successful $400 million Series C funding round at the end of last month, FTX has moved to acquire Liquid – a Japan-based crypto exchange firm. The Bahamas-based exchange, led by Sam Bankman-Fried, is looking to seal the acquisition deal for Liquid by March. Neither party revealed the deal’s specifics, including the financial sum involved. This is not the first time that Liquid and FTX have crossed paths. Last year in August, the former suffered a hack that saw it lose up to $90 million worth of funds in almost 70 various crypto assets. Following the hack, FTX financed the exchange, offer...
LeBron James Foundation partners with Crypto.com to promote Web3 awareness
The students taking part in the foundation’s I PROMISE program will have access to resources to help them learn about Web3 and other technologies The partnership is not only focused on Akron kids but also their families as part of the values the Foundation holds dear Crypto.com has teamed up with 4x NBA Finals MVP LeBron James in a philanthropic pursuit in the latter’s home area, as per a Friday report on Akron Beacon Journal. Through the partnership, blockchain and Web3 modules will be integrated into training offered to kids under the LeBron James Family Foundation’s I PROMISE program “Building on a strong basis of educational empowerment, the partnership will give students and families connected to the I PROMISE program access to the tools and educational ...
Bithumb users have less than 48 hours to whitelist private wallet
The South Korean digital assets trading platform will block withdrawals to wallets that are not verified starting Thursday In an announcement shared yesterday, Bithumb exchange detailed that it is taking more steps towards managing crypto withdrawal services to third-party and private wallets. The exchange noted that starting January 27th, unverified private wallet owners will no longer be able to authorise crypto withdrawals to their wallets successfully. The affected wallets include MetaMask and MyEtherWallet. Bithumb follows Coinone, more set to conform Bithumb is one of the most popular crypto exchanges in the region and one of four approved to offer crypto trading services. The affected users are required to validate their wallets with their Bithumb accounts, so they are ‘allowl...
