The UK Overseas Territory of Gibraltar launched its Gibraltar Blockchain Exchange (GBX) July 23, a press release confirmed, opening up cryptocurrency trading.
The GBX was first announced by the Gibraltar Stock Exchange at BlockShow Asia conference in November 2017 GBX, which will ultimately function as a multifaceted ICO and trading ecosystem, currently offers three crypto-to-fiat pairs: Bitcoin (BTC), Ethereum (ETH) and its own Rock (RKT) token to USD.
CEO Nick Cowan commented in the release: “The launch comes at a time when the cryptocurrency and token markets are reaching a new stage of maturity.” The move preempts Gibraltar’s plans to enact formal ICO regulations which could open up the tiny peninsula to a host of ICO activity.
In March, GBX claimed it had already received interest from around 200 ICO operators, a number almost equal to the entire ICO cohort of 2017.
Gibraltar has also been active in blockchain regulation, with the Gibraltar Financial Services Commission (GFSC) in December announcing what it described as “the first instance of a purpose-built legislative framework for businesses” which are “craving” regulatory support.
Gibraltar’s Stock Exchange has launched a crypto trading platform through its subsidiary the Gibraltar Blockchain Exchange (GBX) which has just gone live and is now open to the public. After.
Coinfloor, a cryptocurrency exchange that operates multiple subsidiary exchanges, is joining hands with Trading Technologies International, Inc. , a leading trading software provider.
The Gibraltar Stock Exchange (GSX) has confirmed to Crypto Briefing it is applying for an extension to its license that, if approved, will enable the exchange to trade security tokens on its servers.
World Liberty Financial Inc. has discreetly introduced its USD1 stablecoin, marking a significant step in its decentralized finance ambitions. The USD1 is designed to maintain a one-to-one peg with the US dollar, offering stability in a volatile crypto landscape.
The United States has emerged as one of the largest hubs for Bitcoin mining globally, especially following China’s sweeping crackdown on crypto mining activities in 2021. The U. S. share of global Bitcoin mining surged from just 4.
The US dollar index crashed to its lowest level since April 2022 as the trade war between China and the US escalated and jitters in the bond market continued. The DXY index, which tracks the greenback against a basket of…
Meme coins continue to dominate attention in crypto, and a new entrant, PepeX, is gaining ground quickly. Now in Stage 5 of its presale, PepeX has raised over $1,249,000, and the token price will increase from $0.
On Friday, China’s Finance Ministry confirmed that it would impose a 34% tariff on all US imports, effective April 10. The decision is a direct response to Trump’s earlier move to levy a similar 34% tariff on Chinese goods, which was part of a broader push for reciprocal trade agreements. In its official statement, the […]
Alabama is moving closer to becoming one of the first US states to formally invest public money in digital assets. The proposal, Senate Bill 283, filed by Sen April Weaver this week, would allow up to 10% of state-managed funds to be allocated to cryptocurrencies, limited to those with a market capitalization above $750 billion. […]
