Category: Cryptocurrency News

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The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-2 platforms.

The new Bitfinex STO trading platform is now ready to operate in Kazakhstan. It will allow investors access the tokenized securities and blockchain-based equities. Popular Bitfinex cryptocurrency exchange has announced its plans to launch a trading platform that focuses on STOs (Security Token Offerings). Bitfinex recently announced that they scheduled the new platform to operate in compliance with Kazakhstan financial laws. This is in line with the provision of (AFSA) Astana Financial Services Authority. Related Reading |  New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The Security Token Offerings exchange is also known as Bitfinex Securities Ltd. Its launch is seen as one of the company’s efforts in supporting the growth of the world’s financial industry. Securities Features And Offerings of Bitfinex Bitfinex Securities is to run a 24/7 operation similar to others in the digital market. The company deployed technologies that will boost efficiency, reduce transaction costs and enhance the success rate on the platform. Investors will have the opportunity of accessing an International Security trading market via the STO platform. Interested investors will also have the opportunity of diversifying their portfolios. In addition, the STO will provide them access to varieties of financial products like bonds and equities. Issuers of the Security tokens take advantage of the platform when they raise capital through the tokenized security offerings. The information was according to an announcement, and the idea was to raise capital. The Bitfinex Chief Technology Officer stated that the STO exchange seeks to offer a positive contribution. It will assist the trading platform in becoming the best of its kind in the world. Paolo Ardoino added that Bitfinex Securities Ltd offers a new regulated platform that serves medium-cap and small companies. It targets the ones that are currently underserved by already existing capital markets that are inefficient. Restricted Countries Kazakhstan will regulate the exchange. It will allow global investors to trade different tokenized securities publicly. However, investors in Canada, Switzerland, Australia,  the British Virgin Islands, the United States, Italy, and Venezuela have restrictions. According to the legal statement from Bitfinex, they are not allowed to utilize the platform. Related Reading | Survey Shows 25% Of US Teens Prefer Cryptocurrency Investment More so, other countries under the embargo of Iran, Kazakhstan, the United States, and Cuba, etc., are also restricted access. Rising Demand For Tokenized Securities A security token is an investment contract representing real-life assets such as digital artwork and real estate. The popularity of this asset class is increasing among investors, with various crypto-related firms joining the market. These firms offer different tokenized securities. Traditional financial institutions have noticed the increasing demand for these securities. As a result, they have started issuing their security tokens like other crypto-related companies. Featured Image From Pixabay

Following the launching of an NTF marketplace by FTX crypto exchange, the price of FTT hit a new all-time high. FTT is the native token of the FTX crypto trading platform. As FTX crypto exchange launches its NFT marketplace for us residents, the native token FTT on Tuesday hits $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It also allows them access to staking opportunities so they can earn percentage rewards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week. The FTX token is in bullish momentum and aims to recover previous losses | Source: BTCUSD on TradingView.com The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This development happened amidst the FXT launch of its marketplace for NFTs (non-fungible tokens). NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos. FTX Launches NFT Platform in the United States Yesterday, the NFT marketplace of FXT kick-started operation with a wave movement. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10. Sam Bankman-Fried, before the incident introduced his Test NFT, it was sold initially for $10 on the FTX US. Sam is the CEO and founder of the company, and his Test NFT sold for barely $270,000. The CEO had expected the NFT marketplace on FXT.com to be ready for launching in a few weeks. However, the NFT marketplace on the website FXT.com is the main platform of the exchange. The NFT marketplace on FXT.com is similar to the marketplace on FXT.US will be cross-chained natively. In addition, it will support both Solana and Ethereum blockchains. According to records, FTX is just among the crypto exchanges that explore the non-fungible tokens this year. In June, the popular crypto exchange Binance had launched an NFT marketplace with a project known as “100 Creators”. Binance NFT platform features exclusive NFTs designed by global leading artists, events, and buy premium. Related Reading | Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations Earlier this month, another renowned exchange OKEx also trailed the path of introducing its version of the NFT platform. The platform will be for buying, selling, and even minting NFT across the exchange ecosystem. OKEx is the world’s second-biggest crypto exchange in terms of volume, and each of its NTF is unique and unchangeable. Featured image from Pixabay, chart from TradingView.com

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Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not […]

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BTC and most altcoins are attempting to capitalize on today’s market-wide oversold bounce but the recovery could be thwarted by sell pressure at overhead resistance levels.