Cryptocurrency Analysis and News Portal
Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years.An Oct. 4 announcement from JPEX said voting for its “DAO Shareholder
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Binance CEO Changpeng “CZ” Zhao reportedly declined to pay $40 million to former FTX CEO Sam Bankman-Fried (SBF) for a futures crypto exchange in March 2019, according to an excerpt from Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon.According to the book, SBF proposed a
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Bitcoin breeds a wave of cautious optimism among traders following the breach above $28,000, as supply on exchanges hit a six-year low amid high whale activity. Santiment highlighted this trend in its latest monthly report, pointing out several metrics compounding the renewed optimism. The report confirmed that as Bitcoin (BTC) surged
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The futures will be cash settled in U.S. dollars, meaning that dollars change hands at settlement instead of the underlying instrument (bitcoin, in this case). The futures settlement value will be determined by the CoinDesk Bitcoin Price Index (XBX), crafted by CoinDesk Indices, a subsidiary of CoinDesk. Source
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“Over the course of this year, we’ve rewritten our codebase and rebuilt the exchange on a new underlying technology,” Bluefin said in the press release. “With the next version of the exchange, we want to build a decentralized platform that can match the features and trading experience of centralized exchanges.” Source
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Large-scale pump and dump from whales caused the OX token price to plummet by 50% momentarily before rising back again. On Monday, Oct. 2, Open Exchange Token (OX) suddenly went down by 50%, from 0.013 to 0.0092, in a matter of minutes. However, the token regained its 50% value within just
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The United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank.Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial
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Hong Kong and Macau authorities say they've detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18. Source
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Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD). According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading features
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A foray into traditional finance by Kraken would put the exchange in direct competition with US-based trading platform Robinhood. Cryptocurrency exchange Kraken reportedly plans to begin offering trading services for exchange-traded funds (ETFs) and US-listed stocks. A September 27 report by Bloomberg stated that the exchange plans to launch its trading
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