|All Time High:
|The last known price of #DAX is $0.00449 USD.
Please note that the price of #DAX was last updated over 450 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #DAX statistics should be considered as 'last known value'.
The lowest DAX price for this period was $0, the highest was $0.00449, and the exact last price of DAX was $0.00448920.
The all-time high DAX coin price was $0.20.
Use our custom price calculator to see the hypothetical price of DAX with market cap of ETH or other crypto coins.
|The code for DAEX crypto currency is #DAX.
DAEX is 4.6 years old.
|The current market capitalization for DAEX is $8,978,391.
DAEX is ranking upwards to #1082 out of all coins, by market cap (and other factors).
|The trading volume is small today for #DAX.
Today's 24-hour trading volume across all exchanges for DAEX is $4,553.
|The circulating supply of DAX is 2,000,000,000 coins, which is 100% of the maximum coin supply.
|DAX has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.
|Note that there are multiple coins that share the code #DAX, and you can view them on our DAX disambiguation page.
More DAEX (#DAX) News
|Crypto.com Acquires License In Dubai As Cronos (CRO) Price Slips
Crypto.com achieves yet another milestone with its recently acquired license from Dubai's regulatory authority to offer services in the country by Dubai's arm CRO DAX Middle East FZE.
Significance of Crypto.com Recent License
According to the announcement, Crypto.com Dubai's entity acquired the coveted Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This marks a major step for the firm as it aims to extend its services worldwide.
The recently acquired VASP license will enable the firm to completely satisfy selected conditions and localization requirements outlined by VARA. In addition, it will allow the firm to launch operations, upon receiving operational approval notice from the regulatory body.
Furthermore, it will enable the firm to offer regulated virtual asset service activities in the country. These include exchange services, broker-dealer services, management and investment services, and lending and borrowing services. These services are accessible to retail and institutional users in the market through the Crypto.com Exchange and Crypto.com App.
The announcement also saw the company highlighting Dubai as its regional hub for the Middle East and Africa. According to Crypto.com CEO Kris Marszalek, Dubai is one of the top markets for creating effective regulation for the crypto space.
“Dubai continues to show it is a leading market when designing effective regulation for the crypto space while st...
|Is Ethereum Outshining Bitcoin in Terms of Fees? Crypto Voices Share Tho...
Lately, the crypto sphere, with bitcoin aficionados in particular, has been buzzing with chatter about the fees pocketed by BTC miners. They're pondering if these fees will adequately offset the impending 2024 halving and the accompanying drop in revenue. On the other hand, Ethereum, the runner-up in the crypto world, is raking in significantly higher weekly fees. Here's an insight into the leading blockchain networks and where users are truly shelling out for block space.Bitcoin Proponents Discuss the 2 Leading Blockchains and Transfer Fees
Many of today's leading blockchain networks come with transfer fees, designed to motivate miners or validators to oversee and validate transactions, fortifying the network. Besides ensuring security, these fees deter spam, prioritize transactions, and cater to distinct economic policies based on each blockchain's consensus guidelines.
In the Bitcoin realm, when miners discover a block, they're rewarded with the fees associated with that particular block. There's a prevailing sentiment that, for Bitcoin's security to remain robust after multiple halvings, its fees might need an uptick.
Yet, if there's a surge in user adoption and peer-to-peer interactions, fees could potentially be reduced. However, this assumes the network can seamlessly scale to meet such intense demand.
This week, the crypto community has been abuzz with chatter about BTC fees, especially as data indicates Ethereum (ETH) validators are raking in significantly more than...
|Bitcoin Leaves Major Assets in the Dust: Surges 80% in the First Half of...
In the first half of 2023, eye-opening statistics reveal that bitcoin (BTC), the leading cryptocurrency, demonstrated remarkable performance by surpassing various significant assets such as the Nasdaq Index, Nikkei 225 Index, Dow Jones, S&P 500, Russell 2000, spot gold, the U.S. Dollar Index, and the Japanese yen, among numerous others. Moreover, amidst the top assets ranked by market capitalization, BTC soared an impressive 14 positions, climbing to become the 12th largest asset based on market valuation since the conclusion of 2022. Bitcoin Defies Odds Among the World's Most Valuable Assets and Currencies
In stark contrast to the challenging 'Crypto Winter' experienced throughout 2022, bitcoin has shown remarkable resilience this year. In the first half of 2023, BTC surged by over 80% against the U.S. dollar, solidifying its position as one of the standout performers among a vast array of global assets.
This impressive achievement was highlighted by Colin Wu, a Chinese journalist known for blockchain reporting, who took to Twitter on July 1 to share the market performance of BTC alongside a multitude of other prominent assets.
'Data shows that in the first half of 2023, Bitcoin increased by 83.8%, ranking first, far exceeding other major assets in the world,' the crypto reporter tweeted. 'The Nasdaq Index rose 31.7%, ranking second, and other major national stock markets rose. The price of natural gas fell by 37%, ranking the bottom, and the prices of other energy sources a...
|Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operatio...
The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has been told to stop soliciting investments via emails and social media platforms. Crypto Exchange Told to Disable Its Website
The Securities Commission Malaysia (SC) said on May 22 that it had 'issued a public reprimand against Huobi Global Limited, and [CEO] Leon Li for operating illegally in Malaysia.' In addition to the public censure, the Malaysian securities regulator also ordered the crypto exchange platform to stop operating in the country.
According to the regulator, Huobi must 'disable its website and mobile application on several platforms such as Apple Store or Google Play.' Besides ordering the crypto exchange to stop inviting investors to its platform, the statement released by the regulator said the crypto exchange should also stop soliciting investments via emails or social media platforms.
In the statement, the Malaysian regulator said the decision to bar Huobi Global was made after it noted the crypto platform's compliance failures.
'This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests. The SC views this breach seriously, as operating a DAX [digital asset exchange] without obtaining the SC’s registration as a Recognis...
|Malaysian Regulator Orders Huobi to Halt its 'Illegal' Operations in the...
The Securities Commission Malaysia (SC) has reportedly accused Huobi of running a cryptocurrency exchange without the necessary authorization.
As such, the watchdog urged the company to disable its website and mobile application in the country.
Huobi On Target
As reported by The Malaysian Reserve, the SC has alleged that Huobi and its CEO - Leon Li - operated a digital asset business in the Asian country illegally.
The regulator ordered the firm to cease its domestic operations, including its website and mobile application on several platforms such as Apple Store and Google Play. It also insisted that Huobi should stop sending any advertisements (whether via e-mail or social media interaction) to Malaysian investors.
'This decision comes after concerns about the platform's compliance with local regulatory requirements and protecting investors' interests,' the SC stated.
The watchdog considers Huobi's breach a serious issue outlining that operating a DAX without securing the SC's registration as a Recognised Market Operator (RMO) is an offense under Section 7(1) of the Capital Markets and Services Act 2007.
Subsequently, it advised local investors who have used the exchange's services to cease trading on the platform, withdraw their assets, and close accounts.
Huobi's Efforts in Hong Kong
Contrary to its regulatory problems in Malaysia, the entity has already displayed intentions to strengthen its presence in other parts of Asia.
Justin Sun –...
|Cerus Markets Launches Revolutionary Platform for Crypto Derivatives Tra...
[PRESS RELEASE - Labuan, Malaysia, April 4th, 2023]
On 4th April 2023, Cerus Markets announced the launch of its new platform for easy, safe, and innovative crypto derivatives trading. Founded by industry veterans, Cerus Markets plans to revolutionize the way people trade cryptocurrencies.
The Next Evolution in Crypto
Cerus Markets is proud to introduce Non-Deliverable Crypto contracts (NDC’s) as the most advantageous and innovative way to trade cryptocurrencies. For the first time ever, traders can now invest in cryptocurrencies versus the world's largest companies such as TSLA, AAPL, GOOG, equity indexes like the DOW and DAX, and even versus commodities including Gold, Silver, and Crude Oil- all with zero fees. NDCs also provide investors with up to 100:1 leverage and the ability to go long and short any cryptocurrency.
About Cerus Markets
Established in 2022, Cerus Markets Limited is authorized and regulated by the Labuan Financial Service Authority, Malaysia. Cerus is a multi-asset broker that offers over 200 instruments paired with cryptocurrencies through its innovative product - Non-Deliverable Crypto contracts (NDC’s).
Cerus Markets believes in empowering traders of all levels with easy and affordable access to the market. Their platform stands out from traditional brokers by not charging entry fees and allowing trading of a wide range of digital assets starting from just $50.
Moreover, traders can benefit from leverage up to 100:1 and a 100% bonus on thei...
|UK Advertising Regulator Flags Crypto.com's NFT Promotion
The Advertising Standards Authority (ASA) - UK's advertising regulator - banned an NFT promotion by Crypto.com on December 21.
According to the press release, ASA flagged a paid-for Facebook advertisement for the crypto platform, citing failure to illustrate the risk of investing in NFTs as well as clarify details with regard to fees.
This isn't the first complaint against an advertisement by the exchange. In fact, the regulator banned two adverts from the platform following a complaint earlier this year raising similar concerns.
In response to the decision by the ASA, Crypto.com does not believe the NFTs available on its platform to be 'financial in nature.' It further stated that the ad only promoted the exchange itself on which NFTs could be purchased and not specific NFTs and called the regulator's request to be 'unreasonable.'
Further contesting the need to mention fees, Crypto.com said that the ad in question did not refer to the company's selling capabilities and only indicated the purchasing of NFTs, which did not incur a fee for any payment methods.
Crypto.com also argued that customers were given clear warnings about the associated fees once they choose to list an NFT for sale. Clients using the platform to mint their own NFTs were also alerted of such fees before being able to use the service.
Nevertheless, the complaint was upheld by the ASA, who instructed that the ad must not appear again in its current form.
'We told Foris DAX Global Ltd t/a Crypto...
|Bitcoin Jumps To $40k As Putin Sees “Positive Movement” In N...
Bitcoin has reclaimed the $40,000 mark in the last hour, following indications of progress in discussions between and Ukraine amid the ongoing conflict.
Russian President Vladimir Putin stated that 'positive movement' was being made in the negotiations on a 'daily basis.' Russia is facing penalties from Western countries, among others, as world leaders criticize the invasion of Ukraine.
Bitcoin Spikes Following Putin Remarks
The spike came in the wake of new comments from Russian President Vladimir Putin, who indicated in a meeting with his Belarussian counterpart, Aleksandr Lukashenko, that there had been 'positive shifts' in the Ukraine dynamic.
Putin said improvements has been made in the talks between the Kremlin and Ukraine:
'There are certain positive shifts, negotiators on our side tell me.'
BTC/USD trades close to $40k.
Putin's remarks boosted global markets. Futures on the S&P 500 rose 1.31%, while futures on the tech-heavy Nasdaq 100 rose 1.65%. Sentiment in Europe was higher, with the DAX in Germany rising 3.41% and the Stoxx Europe 600 rising 2.09%.
At the time of writing, BTC/USD volatility remained high, with bulls aiming to break through $40,000 resistance more convincingly.
The increasing volatility had an effect on liquidations as well, with over $24 million in leveraged positions being wiped off the market in the last hour alone. Bitcoin rose from $38,600 in European morning hours to little more than $40,200 after Putin's remarks were made public. Ethereum...
|Singapore To Restrict Highly Risky Crypto Investment Marketing
Singapore, one of the world's most progressive financial cities and home to many crypto investment companies, is cracking down on advertisements for digital asset services within its borders.
The Monetary Authority of Singapore, which to summarize: 'This new law will effectively ban advertisements related to digital currencies.' It's another setback for cryptocurrency suppliers as more countries regulate this sector.
The Financial Authority of Singapore has issued guidelines to crypto investment companies that urge them to cautionary advertising and marketing in public areas and bodily or digital currency trading. The government agency says these practices are dangerous for most people because they can lead others into losing their funds when something goes wrong with your investment strategy - which could happen at any time.
As authorities have already upset several companies with the gradual approvals, these new rules might create an even more competitive environment.
Crypto suppliers should not use social media platforms or other public sites to attract new customers. They can't advertise on buses, trains, and places where they stop as well - nor through broadcast/print media, for that matter. Offering ATMs with crypto tokens is also discouraged.
Bitcoin Price remains steady after January 24, 2022 recovery | Source: Tradingview.com
Cryptocurrency exchanges should not pay influencers to promote their services. This is because Singaporean law requires all advertising ...