Cryptocurrency exchange Bybit shuts up shop in UK in compliance with FCA ban

Singapore-based cryptocurrency derivatives exchange Bybit announced on Friday that it would be suspending services for its customers n the United Kingdom. Bybit offers a range of high-end trading products for cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and more. The move follows a blanket ban on all retail cryptocurrency derivatives trading by the Financial Conduct Authority, and U.K. customers will be given until March 31 to close out positions and withdraw their funds from the platform, a company announcement stated. The post also affirmed the…

FTX Exchange Adds PayPal Support

Share this article Another big update from the FTX team: PayPal has now been added to the exchange.   FTX Adds PayPal  FTX users will now be able to make instant fiat deposits through PayPal, the cryptocurrency exchange has announced.  1) you can now get *instant* fiat deposits on FTX 2) you can now deposit *any currency*, more or less. Paypal converts for you. 3) Paypal charges are fees! If you’re doing a large transfer, wires are slower but cheaper. 4) credit card deposits work through it! https://t.co/yrzqbJdtQ4 — FTX –…

Cboe Exchange Submits SEC Application to List Bitcoin ETF

Cboe BZX Exchange, Inc. has filed an SEC application dated Mar. 1 to list VanEcK’s Bitcoin Trust Shares, prompting the regulator for a formal review.   Pilling Bitcoin ETF Applications The U.S.-based exchange submitted the form 19b-4 yesterday for a proposed rulemaking change to list the first-ever Bitcoin ETF, subject to the approval of VanEck’s fund. The SEC review can take up to 90 days.  VanECk’s Bitcoin ETF application filed on Dec. 30 is still pending SEC’s initial review and has exceeded the average response time of around a month. The…

Fetch.ai spinoff launches decentralized commodities exchange

Mettalex, a spinoff project of Fetch.ai, announced Friday that it has officially launched a decentralized exchange for commodities trading, offering another compelling use case in how blockchain technology was disrupting traditional finance.  The new exchange aims to disrupt the commodities market through blockchain applications and other emerging technologies, such as machine learning and IoT. Mettalex has been designed to improve upon existing automated market makers and blockchain oracles. The company says its automated market markers act as a party to all trades and ensure that the platform is fully collateralized.…

Fidelity May Join Kraken’s New Funding Round, Exchange Valued at $10 Billion

Crypto exchange Kraken is reportedly eyeing a $10 billion valuation in a new round of funding. Back in 2019, the firm was valued at a modest $4 billion. Kraken Chases Coinbase in Funding Round The crypto exchange is reportedly in discussion with Fidelity, Tribe Capital, and General Atlantic to raise fresh capital. The San Francisco-based company’s valuation could surpass $10 billion depending on the demand. Despite the heady valuation, the exchange was the center of controversy as the price ETH token dropped $1,000 below its market price on the platform.…

1inch Exchange Goes Live on Binance Smart Chain

Key Takeaways 1inch has announced that its DEX will run on Binance Smart Chain alongside Ethereum, on which it currently operates. The project cited high Ethereum fees as the reason for the move. 1inch is offering 150,000 in 1INCH tokens ($650,000) to attract liquidity providers to the platform. Share this article Decentralized exchange (DEX) aggregator 1inch Exchange has launched its service on Binance Smart Chain (BSC). 1inch Expands to Binance Smart Chain 1inch Foundation has deployed its DEX aggregator and liquidity mining platform to Binance Smart Chain. The exchange initially…

India’s largest crypto exchange adopts decentralized Unstoppable Domains

India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs. Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected to reduce remittance costs and simplify the transaction process for the exchange’s 1.2 million users. Unstoppable Domains turns crypto addresses into decentralized websites on the Ethereum and Zilliqa blockchains. Instead of sending coins to a 42-character blockchain address, Unstoppable Domains allows users to create simple…

DFX Raises $5 Million to Bring Foreign Exchange to the Blockchain 

The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article DFX, a decentralized foreign exchange protocol optimized for stablecoins, raised more than $5 million in seed funding from Polychain Capital and True Ventures. Participating investors include Boost VC, Hex Capital, Lemniscap, CMS Holdings, Castle Island Ventures, FBG Capital, DeFi Alliance, Divergence Ventures, and SRC Capital and strategic advisors Noah Jessop, Daniel Que, Nemil Dalal, Russell Verbeeten, and Michael Dunworth. DFX aims to bootstrap liquidity and garner more adoption of non-USD-based stablecoins, beginning with…