Decentralized Exchange Token $DYDX Surges 200% Amid Rising Trading Volume

The native token of the popular decentralized exchange dYdX has surged more than 200% over the past 30 days as its trading volume keeps on rising and investors move their funds off of centralized exchanges in the wake of FTX’s collapse. According to market data, the price of the exchange’s governance token $DYDX has now […]

Ripple’s Former Lead Engineer on 3AC Founders’ Plans To Start a New Crypto Exchange

On Monday (16 January 2023), Nik Bougalis, the former Director of Engineering at Ripple, shared his thoughts on the attempt by Su Zhu and Kyle Davies, co-founders of bankrupt crypto hedge fund Three Arrows Capital (“3AC”) to raise funds for a new crypto exchange. On 21 October 2022, Bougalis, who had been working on the […]

BitMEX and Kraken in the Lead With Regard to Proof-of-Reserve Status, Says Nic Carter

 On Thursday (29 December 2022), Coin Metrics Co-Founder Nic Carter looked at how various major centralized exchanges are doing in terms of providing Proof of Reserves (PoR). Here is how Carter, who has long been a strong proponent of custodial service providers in the crypto space having a Proof of Reserves program, explains this concept: “Proof […]

Santander UK Is Going to Impose Limits on Payments to Crypto Exchanges

Santander UK, which is a British bank wholly owned by Spanish multinational financial services firm Santander Group, is advising its customers that there will soon be limits imposed on payments to crypto exchanges. According to a recent notice (on the company’s website) aimed at customers, the bank has seen “a large increase in UK customers […]

Kraken Co-Founder Jesse Powel Stepping Up To Become Chairman of the Popular Exchange

Kraken, a leading crypto exchange, says that Co-Founder and current CEO Jesse Powell is giving up his CEO role and becoming chairman of the board of directors. According to Kraken’s press release, Dave Ripley, who has been the COO for the past six years, will become the CEO once Kraken has completed its COO search. […]

Shiba Inu’s $LEASH Token Gets Unleashed on Financial Trading Platform BlueBit

On Monday (September 5), multi asset class financial trading platform BlueBit did the Shiba Inu ($SHIB) community another favor to complete an impressive hat trick that started roughly three weeks ago. Here is what Binance Academy says about Shiba Inu: “Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created […]

Nasdaq-Listed Brazilian Financial Services Firm Launches $BTC and $ETH Trading

On Monday (August 15), Brazilian financial services giant XP Inc. (NASDAQ: XP) announced that it had opened its crypto trading platform XTAGE to clients. According to a press release issued by XP on May 12, XTAGE, which is built on Nasdaq’s trading technology, “represents a key milestone in democratizing access to the digital assets market in Brazil”, and is […]

Kraken’s Proof of Reserves Audit Now Supports $XRP and $ADA

On Thursday (August 11), crypto exchange Kraken released the results of its “second 2022 Proof of Reserves audit”, which has been expanded to include seven digital assets. These seven cryptoassets are $BTC, $ETH, $USDT, $USDC, $XRP, $ADA, and $DOT. According to Kraken’s blog post, “a Proof of Reserve audit is a trail-blazing accounting procedure that […]

Coinbase CEO Outlines His Firm’s Review Process for Adding Altcoins

The chief executive officer (CEO) for major crypto exchange Coinbase recently explained how his company decides which altcoins to add to the platform. Speaking in an interview with computer scientist Lex Fridman, Coinbase CEO Brian Armstrong said that the company begins by evaluating an altcoin’s status as a security: “We basically have a test of […]

ZB, Which Itself ‘World’s Most Secure Digital Asset Exchange’, Seemingly Hacked

On Wednesday (August 3), blockchain security firm PeckShield reported that around $4.8 million has been transferred out of crypto exchange ZB. On its website and in its Twitter bio, ZB calls itself the world’s most secure crypto exchange, as you can see from the screenshot below (taken at 6:27 p.m. UTC on August 3): Here […]

$BABYDOGE Listed on Popular Crypto Exchange Poloniex Amid Growing Token Burns

The meme-inspired cryptocurrency $BABYDOGE has recently been listed on a popular cryptocurrency exchange, Poloniex, as its keeps on processing token burns and trending on social media thanks to its supporters. According to a bot tracking cryptocurrency listings on exchanges, Poloniex listed $BABYDOGE at the beginning of August and now has the meme-inspired cryptocurrency trading against […]

Nasdaq-Listed Brazilian Financial Services Firm Launching Crypto Trading by Mid August

On Monday (July 25), Reuters reported that Brazilian financial services giant XP Inc. (NASDAQ: XP) “expects to open its digital assets trading platform to clients by mid-August, initially offering bitcoin and ether but with plans to expand it by the end of this year.” As you may remember, on May 12, CoinDesk reported that XP […]

‘Plaid’ Launches Read-Only Integration for Several Major Crypto Exchanges

Plaid, which is a leading open banking platform, has announced the addition of read-only support for several major crypto exchanges.  According to a report by TechCrunch, Plaid had previously integrated with several large crypto exchanges (such as Coinbase and Robinhood) on an ad hoc basis. The addition of read-only support gives an indication that the […]

Crypto Exchange OKX Is Paying $20 Million-Plus To Sponsor Premier League Football Club

Crypto exchange OKX is reportedly paying more than $20 million to sponsor in the upcoming season one of the clubs in the Premier League, which is “the top level of the English football league system.” According to a report by Forbes, OKX has reached an agreement to expand its existing partnership with Premier League club Manchester City. […]

Binance CEO Predicts DEXes Will Overtake CEXes Within the Next 10 Years

CZ, Co-Founder and CEO of the world’s largest centralized crypto exchange (CEX) by trading volume, recently shared his thoughts on decentralized finance (DeFi) and decentralized exchanges (DEXes). Speaking in an interview with the two co-hosts of the Bankless podcast, Binance chief Changpeng “CZ” Zhao predicted that DeFi and decentralized exchanges (DEXes) would be far superior […]

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