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Trading revenue of Coinbase facing pressure as crypto market matures

31.5.2024
The consumer trading volume of Coinbase has dropped to $56 billion in the first quarter of 2024. This is in comparison to the fourth quarter of 2021, a time when the crypto market was experiencing a massive bull run. This is credited to the market attaining maturity since the approval of the Spot...

Marketnode Secures Series A Funding Led by Financial Services Giant HSBC

30.5.2024
On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins...

Hidden roadblocks to the link to cryptocurrency platform Bybit

30.5.2024
Presumptions are being made that Hidden Road has blocked all connectivity with Bybit due to factors related to KYC and money laundering issues. As per speculations, there are seemingly certain contradictory aspects to both matters.  Incidentally, Hidden Road is a brokerage firm with the support...

Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show

30.5.2024
According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF.  The post Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show appeared first on Cryptonews

New York Stock Exchange to Launch Bitcoin Options Products

30.5.2024
The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance. The post New York Stock Exchange to Launch Bitcoin Options Products appeared first on Cryptonews

Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury

29.5.2024
Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that...

HTX Exchange Surpasses Coinbase In Spot Trading Volumes

28.5.2024
On May 27, HTX passed US-based Coinbase in daily spot trading volumes for the first time, marking a significant milestone. This development underscores HTX's increasing market presence and impact, signalling a significant shift in the global crypto trading platform hierarchy. The post HTX Exchange...

South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility

28.5.2024
This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%....

Artdollar (AD) Is Now Available for Trading on LBank Exchange

28.5.2024
PRESS RELEASE. Road Town, BVI, May 28, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Artdollar (AD) on May 28, 2024. Users of LBank Exchange can brace themselves...

Pepe Holders Ditch for This Hot New Solana ICO, Chasing 1000% Gains

28.5.2024
An explosive ETF-fuelled rally by popular meme coin Pepe ($PEPE) appears to be rapidly losing momentum. Pepe blew up 46% over the last seven days in a rally partly driven by news that the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering Pepe’s native...

Former FTX Exec Ryan Salame Gets 7.5 Years In Prison

28.5.2024
Former FTX executive and Sam Bankman-Fried associate Ryan Salame has been sentenced to 7.5 years in prison for criminal charges stemming from his time at the crypto exchange following a Tuesday morning hearing at Manhattan federal court. The post Former FTX Exec Ryan Salame Gets 7.5 Years In Prison...

Binance covertly sells Gopax’s share of claims in Genesis Global

28.5.2024
Binance has been responsible for covertly selling its subsidiary in South Korea, Gopax’s claims about Genesis Global, for half its value or even less.  In 2023, Binance was known to be the biggest shareholder of Gopax, a prime cryptocurrency exchange in South Korea. In return for the buying...

Crypto Exchange Listing and Delisting Announcements: May 27, 2024

28.5.2024
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. The post Crypto Exchange Listing and Delisting Announcements: May 27, 2024 appeared first on Cryptonews

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