#trade
78 articles found
Latest
Tether Teasing a New Mobile App?
Company’s CTO Paolo Ardoino has shared his excitement about a mobile app designed to facilitate international purchases settlements B2B, B2C and C2C based on USDT and XAUT payments.
Notably, the app will also incorporate support for Bitcoin Lightning.
Paolo stated that he envisions this app as the future of trade finance.
Having personally reviewed the code, his experience as a developer has left him genuinely impressed. Currently, the app is in its testing stages, with more specifics yet to be unveiled. 
Friend.tech propelled ahead Uniswap and Tron in Protocol Fees
Social app friend.tech has recorded protocol fees amounting to more than $1.42 million within the past 24 hours, positioning it among the top three crypto projects in terms of user-paid fees. It now stands as the third-highest project for user-paid fees, following Ethereum and Lido Finance, according to data from DeFiLlama. Built on Coinbase’s Base Layer 2 chain, friend.tech is a social app that integrates with X (Twitter). It allows users to trade tokenized shares linked to each other’s profiles. Shareholders enjoy exclusive content access and private chat rooms in X. 
A $2.5 Million NFT Parked Instead of Ferrari
Altr, a marketplace utilizing NFTs to trade in luxury assets, made headlines by successfully selling an NFT-backed Ferrari F40 worth $2.5 million.
Instead of receiving the vehicle, the buyer got a digital ownership certification in the form of an NFT. The seller, meanwhile, has pledged to store and maintain the car until the owner claims the physical asset.
Additionally, Altr offers fractional NFT ownership, empowering several investors to collectively own a high-value item.
A tricky choice: to purchase an NFT for a Ferrari wheel or an entire Opel? 
Frogs Rule the Day: Bitcoin NFTs Surpass Bored Apes
In a significant moment for the burgeoning Ordinals market, Bitcoin Frogs has outpaced Bored Apes to become the highest traded non-fungible token (NFT) collection in the past 24 hours. With nearly 700 transactions, the collection has amassed over $2 million in trade volume. 
Bankruptcy hits cryptocurrency exchange Dasset
Dasset, a cryptocurrency exchange in New Zealand, has left its users unable to access their holdings. Attempts to log onto the official site redirect customers to the webpage of the law firm Grant Thornton.
A released statement details that Grant Thornton will control the liquidation process of the exchange. It has immediate plans to cooperate with all customers to safeguard all the residual funds.
"Dasset’s management says a significant reduction in asset values and trading levels impacted its ability to trade profitably. It was determined the appointment of liquidators was in the best interests of all stakeholders," Grant Thornton highlighted. Coinbase expands to Canada with official launch
Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base.
What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support.
"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase. Binance Trader Transfers $5 Million in ETH to a Dead Wallet
A former top trader on Binance sent 2,500 ETH (worth nearly $5 million) to a dead wallet address.
In a surprising comment on his last year's unfortunate trade, he said, "Cannot be happier. Being ultimately bankrupt is the best thing that can happen to me. Anyway, number has no meaning in another dimension. Now is the defining moment."
Other users describe him as a rather eccentric individual with a significant fortune.
What could have led him to take this intriguing step? 
Q2 Sees Lowest Levels Since 2020
Despite the ongoing rally in June, spot trade volumes in Q2 experienced a substantial decline, reaching their lowest level since 2020, according to Kaiko.
Binance saw the most significant drop in trading activity, with volumes plunging by nearly 70%.
Other exchanges such as Coinbase, Kraken, OKX, and Huobi also witnessed a decline of over 50% in trade volumes. Discover Bitget: Your Path to Copy Trade & BGB Triumph!
Bitget is a globally recognized digital asset marketplace. It offers features such as a one-click Copy Trade, allowing you to align your strategies with those of numerous professionals. In addition,the platform supports tokenized asset trading and has its own BGB token, which can provide benefits like trading discounts and yield enhancement. Coinbase Launches International Exchange
Coinbase, one of the largest cryptocurrency exchanges in the world, has launched an international exchange for institutional traders outside the US. The platform will allow users to trade perpetual futures, which accounted for almost 75% of global crypto trading volume in 2022.