What is the key goal of every crypto exchange? These platforms are aimed to help holders buy and sell their digital assets for other cryptocurrencies or fiat money. This said experts name an order matching engine (OME) as the basis for every crypto exchange.
Bybit has recently been forced to close its operations in the United Kingdom following the ban on Crypto CFD products earlier this year.
Interestingly enough, when asked about their personal investments, 40% of them were actively trading cryptocurrencies.
Polygon (MATIC), a Layer 2 solution on Ethereum, has tied up with Aave grant recipient RabbitHole to incentivise new users for making deposits into Polygon.
John McAfee, the founder of the anti-virus software which was a household name a couple of decades back and a huge crypto enthusiast, has died in a Spanish jail on the same day that a court allowed him to be extradited to the US.
Visa and Paypal, behemoths that have been known supporters of the blockchain domain, have invested in Fund V of Blockchain Capital.
Celsius, one of the largest cryptocurrency lending and rewards earning platforms, has announced that it has acquired the development division of MVP Workshop as it looks to expand its development team.
Polygon (MATIC), one of the fastest-growing Layer 2 solutions out there, and Liquality Wallet have tied up to enable cross-chain bridge functionality into the Polygon ecosystem.
Revolut, the currency exchange and payments provider fintech based out of the UK, has announced that its losses almost doubled for last year though the prices of cryptos traded on its platform and the revenue generated from trading cryptos at Revolut had shot up towards the end of the year.
“When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.”
BBVA, one of the major banks in Spain with a fully owned franchise in Switzerland, has announced that bitcoin trading and storage would be available for its private banking clients in Switzerland.
“When we think about a cryptoasset as being a security what we’re doing is we’re saying it’s being sold as part of an investment contract.”
Ripple Labs needs to close this legal chapter with the SEC as soon as possible.
BitMex, one of the largest cryptocurrency derivatives exchanges in the world and a pioneer in this field, has announced the hiring of Marc Robinson as Head of Custody as it pushes to offer more services and products apart from derivatives.
Solana Labs, the people behind the Solana token, has got a boost as Circle and Maps.ME have announced a partnership to offer USDC on the Maps.ME integrated digital wallet. USDC is integrated into several chains and was integrated into Solana at the beginning of this year.
The court order denying access to the firm’s lobbying efforts was most welcomed by the XRP community following the recent decision to extend discovery by 60 days.
Only ten percent of those who have heard of cryptocurrencies are aware of consumer warnings on the FCA website. This shows the regulator’s lack of reach.
‘Meme’ cryptos have been cast into the limelight in the past few months thanks to Elon Musk. He has been a vocal supporter of Dogecoin which has led to a huge surge in the price.
Polygon(MATIC), the Layer 2 solution on Ethereum, continues to show strong numbers in the active users and transactions segments over the course of the last few weeks, as compared to Ethereum proving to be a strong alternative to Ethereum at this time.
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