XRP Makes a Comeback on MetalX.com After Recent Price Decline
XRP Makes Debut on New Exchange Following Significant Price Plunge XRP, the digital currency affiliated with Ripple, has been introduced on MetalX.com, the rebranded version of the Proton DEX exchange. This development follows a recent substantial decline in XRP's value. However, the listing s ...
FTX Temporarily Suspends Accounts Following Kroll Cybersecurity Breach
Following the recent Kroll cybersecurity breach, FTX Derivatives Exchange, a financially distressed cryptocurrency trading company, has opted to temporarily suspend accounts of impacted users accessing its claims portal. FTX's decision which was posted on X (formerly known as Twitter) was underta ...
Introducing DEXnow.io: Decentralized Exchange on Solana Blockchain
In early August, decentralized exchange DEXnow.io was launched on the Solana blockchain. You do not need to undergo KYC to transact on the platform. The platform has been tested in Solana Devnet environment for three months starting from April. A key feature of DEXnow.io is the combination of ...
Major Financial Institutions Developing Cryptocurrency Trading Platforms: Report
The Financial Times reports that major traditional financial institutions, including Standard Chartered, Nomura and Charles Schwab, are developing their own cryptocurrency trading platforms. It certainly makes sense for Wall Street giants to launch their own cryptocurrency ...
Beijing Publishes Web3 White Paper, Aims to Lead Digital Economy Innovation
As reported in local publications, the Beijing Municipal Science and Technology Commission has published its own Web3 White Paper on Innovation and Development. Beijing aims to become an international innovation center for the digital economy. The document describes Web3 ...
European Systemic Risk Board Calls for Ban on Borrowed Funds in Cryptocurrency Trading
European Systemic Risk Board (ESRB) called on European authorities to ban the possibility of using borrowed funds for cryptocurrency trading. For this purpose the regulator proposes to set restrictions for investment funds, cryptocurrency exchanges and other organizations ...
Hong Kong Securities and Futures Commission to Allow Retail Investors to Trade Cryptocurrencies from June 2023
According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...
Hong Kong Securities Regulator to Allow Retail Investors to Trade Cryptocurrency
SFC announced preparations at the beginning of the year This decision precedes the introduction of a licensing regime for exchanges on June 1 The conference will begin at 3:15 pm (Kiev time) The Hong Kong Securities and Futures Commission (SFC) will h ...
Understanding Bear Traps and Bull Traps in Cryptocurrency Trading
Often the change in the cryptocurrency trend occurs not immediately, but gradually. This gives rise to the so-called bull and bear traps. How to identify them in time and not to incur losses? What is a bear trap The bears in tradin ...
Understanding Iceberg Orders: Splitting Large Trades to Avoid Market Disruption
Trading cryptocurrencies on centralized exchanges (CEX), you encounter order books that carry information about bids. But it turns out that the data you have is not complete. The reason for this is the iceberg applications. ...
Uniswap Surpasses Coinbase in Trading Volume for Fourth Consecutive Month
The Uniswap exchange has surpassed Coinbase in trading volume for the fourth consecutive month. Uniswap first surpassed Coinbase's trading volume in February, and while both exchanges have since declined in volume, Uniswap is still ahead of Coinbase. Uniswap processed ...
Tron Founder Justin Sun Announces Plan to Trade Meme Coins and Donate Profits to Charity
Founder of Tron said he plans to actively trade meme-coins. However, he added that this statement was not financial advice. "I have decided to start actively trading memetic tokens and promising projects through my public address. I will absor ...
Cryptoblogger exposes flaws in KYC procedures at Gate.io exchange
Cryptoblogger decided to check the KYC ("Know Your Customer") procedure on the Gate.io exchange and registered under the name Kim Jong-un. It took him only a few minutes to verify his identity. A blogger named ZachXBT decided to check how ...
Raiffeisen Bank and Bitpanda Partner to Offer Cryptocurrency Trading Services
Raiffeisen Bank's Vienna branch has partnered with Bitpanda to provide cryptocurrency trading services to its clients. This move will make Raiffeisen the first traditional bank in the European Union to offer digital investment services that include cryptocurrencies and other asset classes. Acc ...
Mercado Libre Launches Cryptocurrency Trading for Chilean Users
Mercado Libre, the biggest e-commerce giant in Latin America, is set to launch a new service for its users in Chile, which will allow them to trade cryptocurrencies through the MercadoPago wallet app. The move is aimed at providing greater accessibility to the Chilean cryptocurrency market, espec ...
Fujitsu Applies for Cryptocurrency Brokerage Services Patent with USPTO
Fujitsu, the renowned Japanese technology conglomerate, has applied for a patent with the US Patent and Trademark Office (USPTO) to offer brokerage services for cryptocurrency trading. As part of the application, Fujitsu revealed a distinct logo that features the word "FUJITSU" with a stylized s- ...