Tag: exchanges

Sep 23 2022

Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Sep 23 2022 Published at CryptoSlate under tags  exchanges

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn. However, he later...

Binance hires former Kraken compliance chief

Sep 23 2022 Published at CryptoSlate under tags  exchanges people

Cryptocurrency exchange Binance hired Kraken's former chief of compliance Steven Christie in May as senior vice president of compliance to lead its global compliance team, The Wall Street Journal reported Sept. 23....

What Is Solarflare?

Sep 23 2022 Published at Altcoin Buzz under tags  defi exchanges moonbeam

Over the past few weeks, our articles have mostly answered frequently asked questions on the internet. We found this to be an effective way to onboard new crypto users and also educate senior citizens on projects and concepts they might not have understood. So, for today, our focus will be on FAQs about Solarflare. The searches show that Solarflare has gained momentum on...

Sep 22 2022

What Is Biswap?

Sep 22 2022 Published at Altcoin Buzz under tags  amm bnb chain exchanges

Biswap is a DEX on the BNB Chain. They offer low trading fees and have a special referral program. Biswap is the second-biggest DEX on the BNB Chain. With over 1,000 tokens on this chain, there's demand for DEXes. Biswap can answer this call. Biswap takes up a prominent place in the Binance ecosystem. So, time to have a look into this DEX....

What Levels of Verification & KYC Does Binance Have?

Sep 22 2022 Published at Altcoin Buzz under tags  binance exchanges reviews verification

Binance is a centralized crypto exchange (CEX). On a CEX, you need to complete a KYC verification. This in contrast to a decentralized exchange in the DeFi space. The main purpose of a KYC is so a financial institution can prevent any illicit activity. Global financial regulations ask for a KYC and AML process. There are a few steps involved in getting verified....

Sep 21 2022

Kraken CEO Jesse Powell moving to Chairman role to focus on crypto industry advocacy

Sep 21 2022 Published at CryptoSlate under tags  exchanges jesse powell kraken

Kraken's Co-founder and CEO Jesse Powell is stepping down from his position and will be replaced by the firm's COO Dave Ripley, according to a Sept 21 press statement. Powell will become the chairman of the company's board; he will now be focusing on product development and crypto industry advocacy. The press release...

Sep 20 2022

Galaxy Digital pulled out of the $1.2B merger because it could not afford it, says BitGo

Sep 20 2022 Published at CryptoSlate under tags  deals exchanges legal partnerships

BitGo said that Galaxy Digital's decision to pull out of the merger deal has nothing to do with its financial statements but with Galaxy's inability to finance the deal owing to its loss of over $661 million in the first half of 2022. On August 15, Galaxy Digital...

Largest Indian exchange WazirX to delist USDC spot pairs, Sept. 26

Sep 20 2022 Published at CryptoSlate under tags  exchanges stablecoins trading

India's largest crypto exchange WazirX has announced that it'll stop supporting USDC, USDP, and TUSD on Sept. 26 to...

Sep 19 2022

Crypto trader exploits GMX, manipulates AVAX price to remove $565K

Sep 19 2022 Published at CryptoSlate under tags  dex exchanges hacks trading

A crypto trader on GMX exchange leveraged the zero slippage feature to extract over $565,000 in profit by manipulating the price of the AVAX token. GMX is a decentralized exchange that allows users to execute trades at zero slippage. Traders on the platform are able to execute trades at the same price it was initiated. Head of derivatives at Genesis Trading, Joshua Lim,...

UK regulator says FTX has no authorization to operate in the country

Sep 19 2022 Published at CryptoSlate under tags  crypto.com exchanges ftx

The U.K. Financial Conduct Authority (FCA) said FTX operates within the country without authorization, the Financial Times reported on Sept 19. According to the FCA, those using FTX "will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong."...

Sep 17 2022

GrayScale Investment moves to sell all ETHPOW tokens

Sep 17 2022 Published at CryptoSlate under tags  exchanges mining tokens

GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum's transition to proof-of-stake (PoS). Shortly after the...

Binance misallocates $20M Helium’s HNT tokens in mistake

Sep 17 2022 Published at CryptoSlate under tags  binance exchanges helium

Binance misallocated roughly $20 million of Helium's HNT token to its users due to an accounting bug, Coindesk reported on Sept. 16. According to the report, Binance has since patched the bug after its discovery. The Helium ecosystem has two tokens, HNT and MOBILE, that it uses to reward its network users. HNT is the native token used to reward hotspot hosts, while...

Sep 15 2022

Nexo Pro Review: Trading Exchange With 10 Liquidity Providers & Low Fees

Sep 15 2022 Published at Blockonomi under tags  exchanges reviews

As one of the pioneers in the future digital financial system where all assets are tokenized on-chain and people have efficient ways to transfer or manage their funds, Nexo has introduced a range of seamless and secure products. One of the newly launched products is an all-in-one platform, called Nexo Pro. It is a crypto [...] The post Nexo Pro Review: Trading Exchange...

Sep 14 2022

Binance’s CZ says Europe’s MiCA framwork could be a global crypto regulation standard

Sep 14 2022 Published at CryptoSlate under tags  exchanges regulation web3

Binance CEO Changpeng "CZ" Zhao said that Europe's Market in Crypto Assets (MiCA) regulatory framework, though demanding, could become a global standard for . During a fireside chat on Sept. 14 at the Binance Blockchain Week in Paris, CZ said that the proposed regulatory guidelines in MiCA were...

Dutch police arrest suspected Bitcoin thief by tracing transactions on blockchain

Sep 14 2022 Published at CryptoSlate under tags  crime exchanges hacks privacy scams

The Dutch police arrested a 39-year-old man in the Netherlands on Sept. 6 for allegedly stealing Bitcoin worth tens of millions of dollars, according to a statement by Dutch authorities. Upon the arrest, the police raided his home and seized his data carriers and cryptocurrency profits. He remains a suspect, and investigations into his alleged crimes are...

How Expats Can Save Money Using Binance

Sep 14 2022 Published at Altcoin Buzz under tags  binance exchanges p2p exchange reviews

Expat life is an interesting experience. You're far away from home. This can bring quite a few challenges. One is that you can have expenses in more than one currency. Dealing with banks is not the answer. They're slow and expensive. Crypto, on the other hand, is fast and cheap. That's where Binance can make expat life more convenient. Crypto is a relief...

Sep 13 2022

Ethereum Proof-of-Work fork set to launch 24 hours post-Merge

Sep 13 2022 Published at CryptoSlate under tags  adoption exchanges merge mining

Ethereum proof-of-work hard fork will launch 24 hours following the Merge on September 15, according to a Twitter thread published by ETHW. ETHW Core Announced the Plan for Mainnet#ethereum...

[Updated] Beginner’s Guide to CEX.IO: Complete Review

Sep 13 2022 Published at Blockonomi under tags  cex cex.io cex.io review cex review exchanges

CEX.IO was launched in 2013 in London and initially operated both as a Bitcoin exchange and cloud mining service. At one stage its mining pool, known as Ghash.io, was one of the largest on the Bitcoin network, holding 42% of total mining power of the Bitcoin network. However, in January 2015 the website closed its [...] The post Beginner’s Guide to CEX.IO: Complete...

[Updated] KuCoin Review: Cryptocurrency Exchange With Margin, Futures & Earning Options

Whether you are looking to buy digital currencies like Bitcoin and Ethereum with a debit/credit card or trade crypto-to-crypto pairs - KuCoin covers both bases. The global exchange and third-party broker is home to some of the largest trading volumes in the space, alongside a fee-structure that should suit most budgets. In this guide, we [...] The post KuCoin Review: Cryptocurrency Exchange With...

[Updated] Binance Review: The World’s Leading Cryptocurrency Exchange?

At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users. Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly [...] The post Binance Review: The World's Leading...

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