Bitcoin Exchange Kraken to Fund Ethereum Projects

Kraken will provide funding to the Ethereum ecosystem. The San Francisco cryptocurrency exchange has pledged to match $150,000 in donations to fund Ethereum projects with Gitcoin. Kraken Funds Ethereum The exchange will provide the funds as part of Gitcoin Grants Round 8, which is happening from Dec. 2 through Dec. 17. It’s the company’s first donation to an Ethereum project, and they’ll be the lead contributor to the funding.  Kraken’s funding will go to teams in the “Ethereum Infrastructure Tech” category, aimed at projects building key software for the blockchain.…

Bitmex parent 100x appoints German stock exchange exec as new CEO

100x — the holding group for Bitmex’s parent company — has announced the appointment of a permanent new CEO in the wake of charges filed in Octob against the exchange’s co-founders, including former CEO of both 100x and Bitmex, Arthur Hayes. On Dec. 1, 100x announced that the former chief executive officer of German stock exchange Borse Stuttgart GmbH, Alexander Hoptner, will take over as CEO during January 2021. Hoptner will also join 100x’s board of directors, and will report directly to the group’s chairman, David Wong. 100x’s new CEO…

How to Use DeFi Crypto Exchange Uniswap: A Beginner’s Guide

Key Takeaways Uniswap allows you to exchange ETH and ERC-20 tokens in a few easy steps through its streamlined coin swap. You can also deposit crypto to Uniswap pools and earn interest. This tutorial shows you how to do both tasks. Share this article Uniswap is a decentralized exchange (DEX) built on Ethereum. It offers a simple coin swap interface that allows users to trade ETH for various other ERC-20 tokens or altcoins. It also allows you to create liquidity pools and earn interest. Here’s how to use it. Part…

Huobi launches regulated crypto exchange in Malaysia

Huobi Global, Huobi Group’s flagship crypto exchange headquartered in Singapore, may have had a rocky fall in 2020 — at least, as circulating FUD and the rumors go. Today, Nov. 27,  the brand has better news to announce, with the launch of another, independent platform licensed to use the Huobi name.  Targeted at the Malaysian market, the new Huobi Labuan is launching trading services shortly after having secured a digital asset trading brokerage service license from Malaysian authorities in Sept. 2020. For an initial nine-month trial period, the new platform will…

Crypto derivatives exchange Bybit launches quarterly Bitcoin futures

Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which is settled on March 26, 2021. Bybit says the new futures contracts have no funding fee, which means traders can hold the position without charge as long as the contracts are still in effect. Like traditional futures contracts, Bitcoin futures allow traders to buy and sell the digital currency at a predetermined price at a specific future…

OKEx users move crypto off exchange as withdrawals resume

 After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx  resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for holding out during the disruption.  These programs include commission rebate cards denominated in Tether (USDT), a one-time compensation payment based on users’ asset and transaction histories, and a doubling of the asset weight calculation for holders of the exchange’s native token, OKB. Despite these efforts, today’s data shows…

Coinsquare exchange adds new board members

Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov. 25 announcement, the exchange said Nicholas Thadaney and Wendy Rudd are joining its board. Thadaney was President of the Toronto Stock Exchange and Rudd is currently a board member for the Canadian Regulatory Technology Association. The new appointments follow a major change in leadership mid-year. In July, CEO Cole Diamond and President Virgile Rostand stepped down…

Colombian Stock Exchange to use blockchain for OTC derivatives trading

The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia, BBVA, Santander Caceis Colombia, Deceval, Contrato Marco, Porvenir and Skandia, among others. Via a partnership with member firm Contrato Marco, the CSE will use the Colibrí platform’s blockchain tech to improve operational efficiency in the over-the-counter derivatives market, which is currently time-consuming, expensive and difficult to reconcile…

RSK-based DeFi protocol launches innovative decentralized exchange concept

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book with a unique twist. Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain. Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit…

Exchange outages and trader outrage

Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders. Between March and November 2020, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer impact is somewhat unclear in some of the instances. The issues seemingly range in their degree of severity.…