Crypto Exchange News & Updates

Kraken Moves To Become A Registered Restricted Dealer In Canada

San Francisco-based cryptocurrency exchange Kraken has filed a pre-registration undertaking with a Canadian provincial regulator as it works towards becoming a regulated provider in the country.　　To continue operating while their application is being processed, cryptocurrency platforms must give their primary regulator a pre-registration undertaking. By making these commitments, Kraken acknowledges that its platform is bound by terms and conditions that address investor protection issues.　　If a cryptocurrency trading platform is unable to file an undertaking or does not adhere to its requirements, CSA members may seek legal action.Kraken Prioritizes Compliance　　Kraken, which recently settled with US regulators for listing digital assets that should be registered as securities, filed the undertaking with the Ontario Securities Commission to qualify as a registered Restricted Dealer across Canada.　　“Canada as a geography is critical to our mission to empower people with new ways to connect and transact. Trading platforms that prioritize compliance and secure trading experiences will have more success advocating for crypto‘s economic benefits and transformative potential for crypto traders and investors,” said David Ripley, Kraken’s Chief Operating Officer and incoming CEO.　　“As we forge this new regulatory path, we‘ll continue engaging with our local regulators to enhance our understanding of crypto’s economic benefits and transformative potential.

2023-03-31Deep Dive

Axi Expands Partnership With Manchester City, Includes Women's Team

The multi-year agreement between Australian FX and CFD exchange Axis and Premier League winner Manchester City has been extended. Additionally, Axis now has the ability to support the Manchester City womens squad. In 2020, Axi, formerly known as AxiTrader, was named the English Premier League clubs “Official Online Trading Partner.”　　The partnerships increase corresponds with the companys new identity and ongoing expansion across the more than 100 nations in which they do business. Axi expects that the funding will increase dealers access to their services on a worldwide scale.Sponsorship Benefits　　Axis will become more visible as part of the partnership deal through a variety of marketing platforms. This will apply to both the mens and womens squads at Manchester City as well as the organizations gaming activities. The dealer will also have access to the athletes events, seats, and multimedia rights on matchday.　　　　Axis will also profit from being present inside both Academy Stadium and Etihad Stadium.Ambitious Approach and Success-Orientedness　　“Over the course of our three-year partnership, weve grown a great relationship with City Football Group,” said Hannah Hill, Head of Brand and Sponsorship at Axi. We know that our companies are both extremely bold and steadfastly committed to success, so we had no

2023-03-31Deep Dive

Coinhouse Announces Partnership with Ledger

Coinhouse has announced a partnership with Ledger, a leading provider of hardware wallets for cryptocurrencies. The partnership aims to enhance the security of Coinhouses platform by integrating Ledgers hardware wallet technology. This will allow Coinhouse users to securely store their cryptocurrencies in a cold wallet, which is not connected to the internet and therefore less susceptible to hacking.

2023-03-30Deep Dive

Coinhouse Launches Mobile App for Easy Trading on the Go

Coinhouse Exchange has launched a mobile app that allows users to buy, sell, and trade cryptocurrencies on the go. The app is available for both iOS and Android devices and offers a simple and user-friendly interface. With the mobile app, users can access their accounts, check their balances, and view their transaction history. The app also offers real-time price alerts and supports multiple languages.

2023-03-30Exchange

OMG Network: A Reliable and Fast Solution for Ethereum Transactions

The world of cryptocurrencies is continuously evolving, and so are the challenges that come with it. The Ethereum blockchain has been experiencing scalability issues, causing transaction fees to soar and slowing down the network. The OMG Network aims to address these challenges and provide a reliable and fast solution for Ethereum transactions.　　OMG Network, formerly known as OmiseGO, was launched in 2017 as a decentralized exchange and a payments platform built on the Ethereum blockchain. The project was created to solve the problem of interoperability between different payment systems, making it easier for people to transfer funds and make payments regardless of their location and the type of currency they use.　　In 2020, the project was rebranded to OMG Network and focused on providing a layer 2 scaling solution for the Ethereum blockchain. The network aims to increase the transaction speed and reduce the cost of transactions on the Ethereum blockchain.　　OMG Network operates as a plasma sidechain, which means that it is a separate blockchain that runs parallel to the Ethereum blockchain. The network is connected to Ethereum, allowing users to move their Ethereum tokens to the OMG Network and transact at a lower cost and faster speed.　　The OMG Network then settles

2023-03-30Science Popularization

ETH to USD

If youre a cryptocurrency enthusiast, youve probably heard of Ethereum, one of the most popular blockchain platforms out there. Ethereum has gained a lot of traction since its launch in 2015, and its native cryptocurrency, Ether (ETH), has been a significant player in the crypto market ever since. In this article, well take a closer look at ETH to USD exchange rates, Ethereums blockchain, its co-founder Gavin Wood, decentralized applications, Ethereum 2.0, and its market cap..01 eth to usd　　As of writing this article, 0.01 ETH is equivalent to approximately 33 USD. However, the price of ETH is highly volatile and can fluctuate dramatically within a short period. For example, at the beginning of 2021, 0.01 ETH was valued at around 15 USD. However, by May of the same year, it had surged to almost 50 USD. As such, its always essential to keep an eye on Ethereums price and exchange rate if youre looking to invest in the cryptocurrency.　　One of the reasons why Ethereum is so popular is because of its blockchain technology. Blockchain is a decentralized digital ledger that records transactions across multiple computers. Ethereums blockchain is designed to enable smart contracts, which are self-executing contracts with the terms

2023-03-30Science Popularization

Luna Token: An Introduction to the Terra Ecosystem

If youve been following the cryptocurrency market lately, you may have come across the term Luna Token. Luna is a cryptocurrency that is part of the Terra ecosystem, a blockchain protocol created by Terraform Labs. In this article, we will dive into what Luna is, how it works, and its significance within the Terra ecosystem.What is Luna Token？　　Luna Token is a cryptocurrency that is used within the Terra ecosystem. Terraform Labs, the company behind Terra, designed Luna to serve as the backbone of the Terra blockchain. Luna is a native token that powers the network, and it is used for staking, governance, and transaction fees.　　Terra is a decentralized blockchain protocol that focuses on creating a stable cryptocurrency for everyday use. Luna is a key part of this ecosystem because it helps maintain the stability of the Terra blockchain. Terras stablecoin, UST, is pegged to the value of the United States dollar, which means that it is not subject to the volatility that other cryptocurrencies experience.How Does Luna Work？　　Luna is a Proof-of-Stake (PoS) cryptocurrency, which means that it relies on validators to verify transactions and maintain the network. Validators are responsible for processing transactions and securing the network, and they are

2023-03-30Science Popularization

BlockFi to Provide Refunds to Californians, Says State Regulator

The Department of Financial Protection and Innovation (DFPI) has announced that New Jersey-based crypto lending platform BlockFi Lending LLC (BlockFi) has agreed to provide refunds of more than $100,000 to Californians, subject to approval from the bankruptcy court. The refunds are a result of BlockFis conduct following the crash of the FTX cryptocurrency exchange. On November 10, 2022, BlockFi paused its platform and stopped consumer withdrawals due to its exposure to FTX, and subsequently filed a chapter 11 bankruptcy petition on November 28, 2022.Failure to Timely Notify Borrowers of Repayment Options　　The DFPI probe found that BlockFi failed to notify debtors in a prompt manner that they could cease repaying their BlockFi debts. Due to their inability to remove money and assets from BlockFis platform, Californian debtors were forced to send at least $103,471 in loan installments to BlockFis servicer. With the meeting set for April 19, 2023, BlockFi submitted a petition in bankruptcy court asking for approval to order its servicer to refund these debt installments.Suspension of Lending License and Other Actions　　The Commissioner had previously suspended BlockFis lending license, which was issued under the California Financing Law, for 30 days beginning on November 11, 2022, and moved to revoke BlockFis

2023-03-30Deep Dive

After CFTC Lawsuit, Binance Experiences Significant Withdrawal

The U.S. Commodity Futures dealing Commission (CFTC) filed a lawsuit against Binance on March 27, 2023, claiming that the exchange had broken dealing and futures regulations. The CFTC is asking for disgorgement, financial fines, and an end to new applications. Many people withdrew money from Binance in response to the news, and some onlookers noted “large on-chain movements prior” to the exchanges issues with the CFTC.　　A few hours prior to the Binance CFTC charge, big stablecoin transfers across controlled platforms totaled nearly $1.5 billion in just 12 hours, according to researchers from “Apes Prologue.” A loss of $850 million was seen by Binance alone. Binance noticed an extra $240 million withdrawal an hour after the statement.　　More than $400 million in Ethereum-based assets were taken from Binance in a single day, according to data from Nansen and Dune Analytics. As of this writing, according to Nansens proof-of-reserves site, Binance is the owner of digital assets valued at $63.36 billion. Additionally, according to statistics, on Monday, more than 150 million BUSD stablecoins were returned. 7.1 billion of the 7.84 billion BUSD coins presently in existence are stored on Binance.　　With its cold vault currently containing 248,597 bitcoin, Binance also has one of the

2023-03-29Deep Dive

Hacker Jacob Returns Funds and Apologizes for Euler Finance’s $200 Million Exploit

The Euler Finance protocol has reportedly received a return of funds from an individual who had previously carried out an attack resulting in the theft of $200 million. The individual in question has also conveyed an apology through a series of messages transmitted via the blockchain. Within a particular communication, the perpetrator self-identified as Jacob and acknowledged engaging in activities that interfered with the financial, occupational, and personal well-being of others. Within the last 12 hours, the individual responsible for the attack has restituted 7,000 ether and DAI stablecoins valued at $10 million to the protocol. The total amount of funds that have been returned to Euler by the perpetrator now exceeds $120 million. Previously, the corporation had issued a warning of potential legal consequences and proposed a reward of $1 million to the individual responsible for the breach in exchange for the restitution of the funds.　　The perpetrator pledged to reimburse the complete sum to Euler through a distinct communication on the blockchain. Additionally, the communication disclosed that the reason for the outstanding funds prolonged return was attributed to the perpetrators apprehension for their personal security. Earlier this month, the protocol experienced an exploit that led to the loss of

2023-03-28Deep Dive

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