Coinbase stock soars 18% after the deal to provide BlackRock clients access to crypto
    06 Aug 2022
    45 Views

    Coinbase’s stock soared over 18% following the crypto exchange signing a deal with BlackRock, the world’s biggest asset manager cumulatively manages about $20 trillion. Meantime, Meta announced that it integrated Coinbase’s crypto wallet into the Instagram platform. According to an announcement published Thursday, the US-based exchange had partnered with BlackRock to provide its clients with…

    Ethereum massively outflows from exchanges ahead of The Merge upgrade

    Ethereum on exchanges hit a four-year low alongside steady inflows into the network’s staking contract ahead of The Merge. The market cap of the second-largest cryptocurrency has rallied by more than 34.5% over the past week, reaching nearly $199 billion. On July 21, Ethereum (ETH) held on exchanges hit a 4-year low following record staking…

    KuCoin secures $10 million strategic investment from SIG
    23 Jul 2022
    53 Views

    Crypto exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG) of around $10 million, with plans to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.  According to a press release by KuCoin, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for…

    Coinbase is losing market leadership to Uniswap and Binance

    Coinbase is on the verge of losing its dominance in the crypto market. Uniswap, one of the biggest decentralized exchanges, is almost surpassing Coinbase’s trading volume, as the recent data shows. Meanwhile, Binance has overtaken Coinbase in Bitcoin balances. According to a report by Kaiko, the market share of trading volumes for Uniswap against Coinbase…

    FTX is reportedly raising more funds after buying crypto firms

    Crypto exchange FTX, co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold. FTX and FTX US are both raising fresh capital, people familiar with the matter who aren’t authorized to discuss ongoing discussions told Bloomberg on…

    Crypto exchange OKX receives a virtual asset license in Dubai
    16 Jul 2022
    48 Views

    Cryptocurrency platform OKX has received a provisional virtual-asset license from the Dubai authority. The exchange plans to set up a regional hub in the city, Bloomberg said on Thursday. Crypto exchange OKX said on July 14 that it had been given a provisional virtual assets license by the Dubai Virtual Assets Regulatory Authority (VARA), which…