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Binance expands its presence in Asia with the launch of Thailand exchange

According to a report by Reuters, Binance, one of the world’s leading cryptocurrency exchanges, has officially opened its cryptocurrency exchange in Thailand. The exchange, called Gulf Binance, is a joint venture between Binance and Gulf Innova, a provider of digital marketing and IT services. The aim is to provide a platform for users in Thailand…

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Ethereum Layer-2 Transactions Soar 330% in 2023, ARB and OP Take Lead

Ethereum Layer 2 transactions soared by more than 330% in 2023 compared to last year. In recent months, Ethereum scaling solutions have seen a notable increase in interest, marked by the frequent introduction of the new Layer 2 (L2). One of the latest players in this dynamic landscape is Coinbase’s Base L2, which has caught…

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Bitfinex Securities Reports $5.2 Million USDT Tokenized Bond Issuance

Bitfinex Securities Ltd., a platform known for trading security tokens, announced that the first issuance of tokenized securities raised $5.2 million in USDT. First issuance of tokenized bonds A Luxembourg-based securitization fund called ALTERNATIVE guaranteed the financing. The Liquid Network sidechain issued the security ALT2612, which offers a 10% annual return for 36 months and…

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OKX Drives Web3 Evolution with Strategic Investments in India in Partnership with Polygon

OKX, a global cryptocurrency exchange, will soon provide web3 services and experience across India. The company will focus on services and manage its operations with a three-pronged strategy. The company will make significant investments on three main fronts. This demonstrates OKX’s commitment to promoting innovation and development in the rapidly evolving blockchain space. OKX will…

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Coinbase Stock Hits 18-Month High After Binance Allegations

The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

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Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin Surges Over 50% in a Week

The world’s largest cryptocurrency exchange by volume is launching futures trading for an Ethereum-based altcoin (ETH) that is up more than 50% in a week. In a new announcement, cryptocurrency exchange Binance says it will launch futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy marketplace built on ETH that democratizes…

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Binance Launches Copy Trading Feature, Allowing Users to Duplicate Strategies of Experienced Traders

Binance has launched a new “copy trade” feature that gives its users the ability to replicate strategies employed by top cryptocurrency futures traders. “Copy traders” can now imitate the real-time futures trading strategies of “lead traders,” according to a new exchange announcement. Copy traders will be able to review the performance metrics of top traders…

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Binance invests a lot of money in stable asset Curve

Binance Labs, the investment side of the world’s largest and most popular digital exchange, has put $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance puts a lot of money on the curve At the time of writing, Curve is valued at approximately $2.4 billion and witnesses a daily…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…