NFT News Official TheBitTimes.com

CAIZcoin, a prominent blockchain and digital currency pioneer, prepares to launch on over 30 major cryptocurrency exchanges around the world, reaching a significant milestone in the cryptocurrency ecosystem. CAIZcoin is dedicated to creating a financial ecosystem that encourages fairness and integrity, allowing people from all walks of life to participate freely. CAIZcoin’s choice of recognized crypto currency exchanges demonstrates its commitment to expanding access to top-tier digital assets. Adopting Islamic cryptocurrencies like CAIZcoin can assist those who want to match their financial habits with Islamic principles. This makes it possible for Muslims to engage in digital finance while adhering to the ethical standards of Islamic law. By functioning on the principles of adaptability, justice, and responsibility, Islamic crypto decreases the likelihood of engaging in speculative or illegal operations. CAIZcoin’s arrival on global exchanges equ...

The announcement follows the launch of a $100 million fund back in April focused on investing in crypto projects in Asia. Crypto derivatives platform Bitget has announced a new fund focusing on growing its ecosystem and investing in regional exchanges, analytics firms, media organizations and entities that can contribute to its growth.  In an announcement sent to Cointelegraph, Bitget revealed the Bitget EmpowerX Fund, which will invest $100 million into maximizing the company’s “long-term impact” in the crypto space. According to the announcement, Bitget believes that diversifying services to reach the needs of the global user base is the key to expanding the native crypto ecosystem . Gracy Chen, managing director of Bitget, said the company expects more investments, mergers and acquisitions in the coming months as the centralized exchange landscape evolves with changes in regulations.  According to Chen, the fund is “another major step” in the company’s mission to make Bitget a com...

In a recent statement, BitMEX CEO Stephan Lutz expressed his belief that crypto exchanges can operate without internal market makers, citing concerns raised by the revelation that Crypto.com has internal trading teams engaged in crypto trading activities. The disclosure has sparked apprehension regarding a potential conflict of interest at Crypto.com. Growing presence of external liquidity providers According to BitMEX CEO Stephan Lutz, the presence of high-frequency traders (HFTs) and proprietary trading firms in the cryptocurrency industry can effectively replace the role of internal market-making teams. Lutz believes that these external entities are capable of ensuring liquidity and bridging the gap between buyers and sellers during imbalances in the market. Lutz further highlighted that BitMEX itself had previously operated an internal trading entity called Arrakis Capital, serving as a major internal market maker.  You might also like: Raoul Pal predicts ‘exponential ...

Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao. While data suggests that crypto assets have been flowing out of centralized exchange s at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears.  Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the SEC lawsuit against the firm hit the airwaves. According to Nansen, there has been a net outflow of $2.36 billion from Binance over the past seven days along with $123.7 million flowing out of Binance.US. DeFiLlama reported an even larger figure of $3.35 billion in outflows from Binance, while Glassnode data shows the exchange's BTC balance having declined by 5.7% or around $1 billion over the past seven days. CEX asset flows. Source: DeFiLlama However, in a June 10 Twitt...

Earlier this month, the Hong Kong Securities and Futures Commission (SFC) announced that it will once again allow crypto trading for retail clients as of June 1. The decision comes after a consultation process with industry stakeholders during the period from 2021 when crypto trading was banned in China and Hong Kong . Despite significant hype surrounding Hong Kong’s lifting of its crypto ban, so far only two crypto exchanges have been registered by the SFC — OSL Exchange and HashKey Pro. However, Huboi announced last week that it has applied with the SFC to offer its services in Hong Kong and OKX has revealed it will be offering crypto trading to Hong Kong residents via its app. Binance has so far not announced that it intends to register with the SFC to offer its services in Hong Kong. The business closed shop in China in 2017 when crypto exchanges were banned. Read more: Hong Kong architect loses millions trading Tether, crypto on scam site Crypto will remain ba...

The price of the memecoin has surged by over 2,000% in the past two weeks. On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote:  “Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a green frog with a human-like body; this is one of the most popular memes in the world.” Several cryptocurrency exchange s, including MEXC Global, Bitget, Gate.io and Huobi, listed Pepe trading pairs two weeks prior, stirring what appears to be a trading frenzy . The token has returned 2,340% since April 17 and is now trading at $0.000001223 apiece at publication. Following news of the OKX listing, Pepe’s price has surged over 50% in the past 24 hours. Created on the Ethereum blockchain by anonymous developers, the Pepe token was created, according to CoinMarketCap, “as ...

FTX was one of the key exchange partners for Busan city, but its recent collapse made the administration reconsider its plans of onboarding third-party crypto exchanges. Busan, the blockchain city of South Korea, has moved a step closer to forming a local crypto exchange, but it has dropped most of the global centralized exchange partners. The drastic decision comes in the wake of the recent colossal failure of centralized exchanges. The city announced the steering committee comprising 18 local blockchain experts but none of the five exchanges that had agreed earlier this year to assist the city in establishing its first official digital asset exchange. The five exchanges included Binance, Crypto.com, Gate.io, Huobi Global and FTX. The steering committee is a municipal advisory body tasked with providing advice on the establishment and operation of the digital asset exchange, as well as strengthening the system of external cooperation. The possible elimination of global crypto exchan...