Explained: Makers, takers, and tariffs on crypto exchanges
Many crypto trading platforms operate on maker/taker systems. Users placing orders become either makers or takers. The market makers and takers pay commission for conducting trade on the exchange. However, the commission rates are dependent on the role the trader or client plays in the system. The rates also vary on different exchanges based on […]
4 Crypto Adoption Expectations to Play Out in 2022
There has been a lot of dramas in the crypto space in 2021. We are witnessing another year’s end where most cryptos have a firm ride on the bullish line. We witnessed different cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) reaching a new set of all-time highs. But there is an important question we […]
Best Security Measures to Consider in Cryptocurrency Trading
Digital assets have become one of the prime targets for attackers. Malicious actors have found sophisticated ways to target users transacting in cryptocurrencies. It is therefore essential to implement the best security measures to protect your cryptocurrency funds. In this article, we look at some of the important security measures that users’ can deploy to […]
What is Dai (DAI)?
Fully launched on December 18 2017 for public use, Dai (DAI) is a stablecoin cryptocurrency that aims to keep its digital monetary value as close to that of the United States dollar. Although it is sometimes regarded as Sai, Dai is governed and regulated by an organization called Maker Decentralized Autonomous Organization (MakerDAO), whose financial […]
Crypto exchanges rush to sever ties with Chinese users after a new crackdown
Crypto exchanges and crypto service providers in China are scrambling to cut ties with mainland China traders following a blanket ban on crypto trading and mining. A report unveiled this news earlier today, noting that the 10 Chinese government agencies plan to uphold a high-pressure clampdown on digital asset trading. The entities looking to enforce […]
Canadian securities authority publishes regulations for crypto exchanges
The Canadian Securities Administration (CSA), the countries equivalent of the US Securities Exchange Commission (SEC), has published a guideline for crypto exchanges. The authority released the document in conjunction with the Investment Industry Regulatory Organization of Canada (IIROC) on September 23. The rules revolve around the requirements that crypto-trading platforms need to meet regarding advertising, […]
US Treasury sanctions Suex exchange for facilitating ransomware attacks
The US Treasury Department’s Office of Foreign Assets Control (OFAC) is planning to sanction Suex, a crypto exchange that lets users buy and sell cryptos using regular credit cards. Per the agency, the exchange has been helping ransomware attackers launder their loot. A report unveiled this news on September 21, noting that this would be […]
