Category: Exchanges

Binance destroys nearly $640 million worth of BNB tokens in its largest-ever burn

Binance destroys nearly $640 million worth of BNB tokens in its largest-ever burn

Crypto exchange operator Binance announced Monday that it has burned nearly 1.4 million BNB tokens (worth about $640 million at current prices) in its largest-ever burn. Burning refers to the process of permanently removing a crypto token from circulation, thereby reducing its supply and potentially increasing its price. When Binance launched BNB in 2017, it committed […]

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Liquidator of Defunct South African Crypto Exchange Says He Found a 54 BTC Discrepancy in Ice3’s Accounts

Liquidator of Defunct South African Crypto Exchange Says He Found a 54 BTC Discrepancy in Ice3’s Accounts

A court-appointed liquidator, Dewald Breytenbach of National Liquidators, recently claimed that out of the 76 bitcoins that belonged to the now-defunct South African cryptocurrency exchange, Ice3, his firm can only account for 22. Ice3’s Abrupt Shut Down The liquidator adds that the crypto exchange’s Zurich-based tech provider Merkeleon is now being asked to help unravel […]

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Bakkt set to start trading on NYSE next week

Bakkt set to start trading on NYSE next week

Digital asset platform Bakkt Holdings has completed its merger with VPC Impact Acquisition Holdings, Intercontinental Exchange (ICE) announced on Friday. Bakkt will start trading on the New York Stock Exchange (NYSE) as a public company starting Oct. 18, ICE said in a press release. It will use the ticker “BKKT.”  ICE, best known for operating […]

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Jacobi Asset Management claims it will launch the world’s first ‘tier one’ bitcoin ETF

Jacobi Asset Management claims it will launch the world’s first ‘tier one’ bitcoin ETF

Jacobi Asset Management announced Friday that it has received approval to launch what it calls the world’s first “tier 1” bitcoin exchange-traded fund (ETF). The firm says the term reflects the top-tier partners supporting it. The new bitcoin ETF has authorization from the Guernsey Financial Services Commission (GFSC), Jacobi said in a press release. Jacobi […]

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Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase has put out a sweeping proposal for a new regulatory regime over digital assets in the United States.  Released on October 14, Coinbase’s plan at its core proposes a drastic reconfiguration of U.S. financial regulation. Most notably, that includes establishing a brand new regulator with control over marketplaces for digital assets, which the firm […]

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Moscow Not Planning to Ban Russians From Buying Crypto Abroad

Moscow Not Planning to Ban Russians From Buying Crypto Abroad

Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase […]

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Binance to halt Chinese yuan crypto OTCs and restrict China user access

Binance to halt Chinese yuan crypto OTCs and restrict China user access

Binance has said it will halt the marketplace for the Chinese yuan over-the-counter (OTC) trading on its platform following China’s latest crypto trading crackdown. Binance, one of the major crypto exchanges that have a significant number of China-based customers, said in a Chinese statement on Wednesday that it will delist the Chinese yuan OTC marketplace […]

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Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’

Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’

Cryptocurrency exchange Coinbase is launching a peer-to-peer marketplace for non-fungible tokens (NFTs). The Nasdaq-listed company says that “Coinbase NFT” will make “minting, purchasing, showcasing, and discovering NFTs easier than ever.” In addition, Coinbase says, “We’re going to grow the creator community exponentially, a win for artists and for fans.” Coinbase NFT to Help Grow Creator […]

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FATF’s long-debated crypto guidance is almost finalized — here’s what to expect

FATF’s long-debated crypto guidance is almost finalized — here’s what to expect

Quick Take The Financial Action Task Force says it will publish its final cryptocurrency guidance by November. Two controversial pieces — the so-called travel rule and the definition of a “virtual asset service provider” — have the potential to transform the industry. This feature story is available to subscribers of The Block Daily. You can […]

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Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Lord Philip Hammond, the United Kingdom’s former Chancellor of the Exchequer, has warned that the nation’s finance sector is at risk of falling behind global rivals unless regulators do more to help firms embrace digital assets.   In a written interview with The Block, Hammond said that the dialogue among U.K. policymakers needs to shift […]

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