exchange

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

A look at crypto exchange volumes, open interest, and miner revenue

May 1, 2022, 10:32AM EDT • 5 min read Quick Take Total adjusted on-chain volume increased by 40%, to $831 billion. A total of 137,088 Ethereum, equivalent to $429 million, was burned. Monthly volume of NFT marketplaces on Ethereum increased by 21.6% to $7.2 billion. Centralized exchange spot trading volumes decreased by 6.7% to $694.6 …

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Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress.  On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission.  Thompson’s announcement of the bill said “The DCEA builds …

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

Coinbase in talks to acquire Turkish crypto exchange BtcTurk: report

advertisement Cryptocurrency exchange Coinbase is reportedly in talks to buy Turkish exchange BtcTurk as it seeks to ramp up its presence in developing economies.  The deal, first reported by MergerMarket and then cited by Bloomberg, could be worth close to $3.2 billion and is reportedly in the later stages of closing. A term sheet has …

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Crypto platform Amber Group hits $3 billion valuation in latest raise

OK Group leads $21 million Series A for Brazilian exchange Foxbit

advertisement Chinese blockchain company OK Group led a $21 million Series A funding round for Brazilian exchange Foxbit, according to reports from Bloomberg Línea and others.  According to the news reports, Foxbit will use the funds for hiring, technology and possible acquisitions.  Sao Paulo-based Foxbit was founded in 2014 by João Canhada and Luís Augusto …

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Binance partners with Thai billionaire for crypto exchange in the country

Binance partners with Thai billionaire for crypto exchange in the country

advertisement Binance has teamed up with Gulf Innova Company — a wholly-owned subsidiary of Thailand billionaire Sarath Ratanavadi’s Gulf Energy Development Public Company — to set up a crypto exchange in the country. Gulf Energy announced the news in a letter to the Stock Exchange of Thailand on Monday, saying that it foresees “rapid growth” in Thailand’s …

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Binance-owned exchange WazirX targeted by India's government for alleged tax evasion

Binance-owned exchange WazirX targeted by India’s government for alleged tax evasion

Tax authorities in Mumbai announced Friday that they had uncovered tax evasion by the Binance-owned crypto exchange WazirX. According to a statement from the GST Mumbai East Commissionerate of Mumbai Zone, “while investigating the business activities of cryptocurrency exchange WazirX have detected GST Evasion of Rs 40.5 Crores. The Commissionerate has also recovered Rs 49.20 …

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