Crypto exchange Binance ‘burned’ over $594 million worth of its own BNB token today, in a move that marked the largest ever burn that the exchange did.But it wasn’t a case of Binance trying to pump its own coin (by decreasing supply) or setting money on fire. The ‘burn’ mechanism is an integral part of how BNB works, one that has contributed to the coin becoming the … [Read more...] about Crypto exchange Binance burns nearly $600 million worth of BNB
Exchange
A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange
ETC Group, a specialist provider of cryptocurrency-backed securities, said it would list the Physical Litecoin exchange-traded product (ELTC) on Deutsche Boerse’s XETRA on Wednesday, as per a release.It follows on the success of the Group’s Bitcoin product (BTCE), which reached over $1 billion in assets in just seven months since listing, proving the growing demand for products … [Read more...] about A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange
The New York Stock Exchange (NYSE) is issuing NFTs for these 6 stocks
The New York Stock Exchange (NYSE), one of the world’s largest exchanges by daily trading volume, today said it would issue non-fungible tokens (NFTs) for stocks listed on its platform. Six NYSE listings would be minted as the ‘First Trade NFTs’ on the blockchain.1/6: It’s a major milestone when a company lists on the NYSE and begins trading for the first time.Today, we’re … [Read more...] about The New York Stock Exchange (NYSE) is issuing NFTs for these 6 stocks
Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO
Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14 NASDAQ listing and the exchange's recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap … [Read more...] about Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO
Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?
Why did South Korea just say 'no' to a Bitcoin ETF listing on its stock exchange? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. But the move was thwarted by authorities based on a legal … [Read more...] about Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?