exchange

SEC issues no-action letter in response to digital asset securities questions

SEC fines ICO rating website for taking money from issuers in exchange for better reviews

On July 14, the U.S. Securities and Exchange Commission unveiled settled charges against UK-based Coinschedule.  Accessible in the U.S. from 2016 to August 2019, Coinschedule was a platform that reviewed upcoming initial coin offerings, providing seemingly objective perspective as to which ICOs were more or less scammy.  Per the SEC’s order: “The platform claimed to …

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Crypto exchange Bithumb bans employees from trading on its platform

Crypto exchange Bithumb bans employees from trading on its platform

South Korean cryptocurrency exchange Bithumb has banned its employees from trading on its own platform. Announcing the news on Friday, Bithumb said the move is to enhance transparency over crypto transactions, but an upcoming law in Korea mandates local crypto exchanges must prohibit employees from trading on their own platforms. The law becomes effective September …

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SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region. The fundraise values Mercado Bitcoin’s parent company 2TM Group at $2.1 billion, placing it among Latin America’s unicorns – privately held startups with valuations north of $1 billion. The Series …

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Crypto exchange Binance says it will no longer serve Ontario users

Crypto exchange Binance says it will no longer serve Ontario users

Crypto exchange operator Binance is exiting the Canadian province of Ontario amid a regulatory crackdown there. Binance announced Friday that all Ontario-based users must close out all active positions by December 31, 2021. The Ontario Securities Commission has begun taking legal action against unregistered crypto exchanges in recent weeks, including against Bybit, Poloniex, and Kucoin. …

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Dell-owned VMware launches blockchain platform for enterprises

Exchange volumes surpassed $1 trillion for second month in a row

Crypto exchange volumes surpassed $1 trillion in March — the second consecutive month that volumes have reached thirteen figures. According to data compiled by The Block, spot trading volumes for March totaled $1.17 trillion. That’s a 5% decrease from February’s all-time high volume of $1.23 trillion.  A breakdown of March’s crypto-only exchange volumes shows that …

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Latest bitcoin ETF filing submitted by First Advisors, SkyBridge Capital

Exchange giant Cboe could re-list bitcoin futures, suggests CEO

Exchange giant Cboe Global Markets could re-list bitcoin futures, CEO Ed Tilly has suggested. “We’re still interested in the space, we haven’t given up on it,” Tilly told Bloomberg in a report published Thursday. “We’re keen on building out the entire platform. There’s a lot of demand from retail and institutions, and we need to …

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Six people charged for running an unlicensed crypto exchange in New Hampshire

Six people charged for running an unlicensed crypto exchange in New Hampshire

United States Department of Justice (DOJ) charged six individuals with participating in a “conspiracy to operate an unlicensed” cryptocurrency exchange business” among other offenses.  Five of those charged were also indicted with wire fraud, while one was charged with money laundering and allegedly “operating a continuing financial crimes enterprise.” The individuals were aged between 34 …

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Crypto exchange traffic continued its growth streak in February

Crypto exchange traffic continued its growth streak in February

Crypto exchanges drew more than 400 million website visits during February, according to data tracked by The Block Research. SimilarWeb shows February’s figure — some 431.98 million visits — is higher than at any point since January 2018. Like January 2021’s numbers, the February figure was boosted by elevated activity in crypto markets, with the …

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Monthly crypto exchange volumes broke $1 trillion for the first time

Monthly crypto exchange volumes broke $1 trillion for the first time

Crypto exchange data collected by The Block Research shows monthly traded volumes surpassing $1 trillion in February, a new record. As of February 27, the monthly volume figure stood at $1.05 trillion. That represents an increase of $143.9 billion — or 15.9% — from January when the previous monthly high was registered. Two-thirds of the …

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