Posts in category

Cryptocurrency Exchange


“It was a fantastic year in 2017.” As stated by Junhaeng Lee, co-founder and CEO of Seoul-based crypto platform Gopax, that’s one simple but accurate summary of the last year for cryptocurrency exchanges in South Korea. Indeed, since earlier last year, crypto trading volume in the country has surged to a point where exchanges from South Korea …

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Major cryptocurrency exchange Binance has announced that it will be opening an office in Malta in the wake of yesterday’s news that Japanese regulators had issued a warning to the exchange, Bloomberg reports today, March 23. Hong Kong-based Binance, which is the number one exchange by 24 hour volume listed on CoinMarketCap, will work with …

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Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, have been transferred out of the hackers’ account, reports NHK World March 22. On Jan. 26, hackers stole $530 mln in NEM cryptocurrency from Coincheck. By Feb. 1, the Singapore-based NEM Foundation managed to ascertain that the hackers were moving …

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According to a tweet today by @BTCVIC (BTC Trader Telegram Group) that links to a screenshot from Japanese financial newspaper Nikkei’s terminal, Japan is set to issue a warning against crypto exchange Binance, according to a report from the news outlet Nikkei, March 22. Binance, the number one exchange by 24 hour volume according to …

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Earlier this month, cryptocurrency trader Sylvain Ribes investigated into the volumes of most small-scale cryptocurrencies and discovered that the trading volume of OKEx, the fourth largest cryptocurrency trading platform in the world, is mostly inflated. Inflated volumes Ribes, who initially set out to conduct a study on the liquidity of cryptocurrencies and digital assets, utilized …

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Hong Kong-based OKEx became the first crypto exchange to list the South Korean high tech startup Cube, as was announced on Feb. 28. Cube’s team recently revealed its project that will protect network security designed for driverless cars and autonomous vehicles, by use of Blockchain technology. As OKEx representatives told Cointelegraph, the exchange is listing …

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Italy-based cryptocurrency exchange Bitgrail announced that it promises to refund Nano (XRB) tokens stolen in a February hack amounting to $195 mln, so long as users sign an agreement to forgo any legal action, Bitgrail announced March 14. In a press release on its website, Bitgrail said that, “the use of the platform for the …

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Prosecutors in South Korea carried out a raid of three crypto exchanges in the country last month, confiscating computer hard drives, mobile phones, and financial records after a January investigation showed that some of the customers’ crypto holdings had been moved to the bank accounts belonging to exchange managers, the Wall Street Journal reported today, …

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Payments technology company Circle announced it plans to hire up to 100 people in Asia to expand its recently acquired Poloniex cryptocurrency exchange, Bloomberg reports today, March 15. In an interview in Hong Kong, Circle’s co-founder and CEO Jeremy Allaire stated that the company will be employing people to offer services in South Korea, Japan, …

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UK-based cryptocurrency exchange Coinfloor will launch the world’s first “physically delivered” Bitcoin futures contracts in April 2018, an executive told Reuters March 14. Speaking to Reuters during the Futures Industry Association’s annual conference in Florida, Coinfloor’s co-founder Mark Lamb announced that the exchange would shortly unveil a dedicated futures exchange called CoinfloorEX, which would showcase …

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South Korea’s largest cryptocurrency exchange Bithumb has partnered with BitPay to compete in the international remittance market, an executive announced March 13. Speaking to CNBC about the deal, BitPay chief commercial officer Sonny Singh said businesses would now be able to convert invoices to Bitcoin and use BitPay to settle them faster and more cheaply …

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Crypto exchange service and wallet Coinbase has become the first cryptocurrency exchange to open a UK bank account and gain access to the UK’s Faster Payments Scheme (FPS), according to a blog post by Coinbase CEO Zeeshan Feroz published today, March 14. While the Coinbase blog post does not name the bank in question, Bloomberg …

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Crypto exchange and wallet service Coinbase has received an e-money license from the UK Financial Conduct Authority (FCA), according to a blog post by Coinbase UK CEO Zeeshan Feroz published today, March 14. Feroz notes that the license only applies to Coinbase’s fiat activities, not its cryptocurrency dealings. The company’s UK CEO told Business Insider …

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Google will ban all cryptocurrency-related advertising of all types in June 2018, according to a recent update to their Financial Services policy. The news of a crypto ad ban comes just days after crypto advertisers using Google Adwords noticed a drastic drop in the number of views of their advertisements, according to posts on the …

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Japan will call on the G20 member governments to concentrate on developing a common anti-money laundering (AML) strategy for cryptocurrencies during the annual summit in Buenos Aires on March 19-20, Reuters reports March 13, quoting a “government official with direct knowledge of the matter.” Japan’s government official told Reuters that at the moment the country’s …

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Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period …

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“Bitfinex’ed,” the pseudonymous blogger and persistent critic of cryptocurrency exchange Bitfinex, has hired a prominent lawyer amid a long-running battle with the controversial company. Stephen Palley, a partner at the Washington, D.C.-based law firm Anderson Kill, fired off a sternly worded letter Monday to Bitfinex’s general counsel, Stuart Hoegner. In the letter, a copy of …

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In late January 2018, Streamity, a Singapore-based startup with Russian roots, released its cryptocurrency exchange app StreamDesk, which is able to exchange various currencies from user to user with no intermediary. The project is now working on creating the decentralized platform, which they claim, “will revolutionize the modern crypto exchange market.” Looking to the market At least …

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South Korean-based crypto exchange Bithumb has announced plans to supply kiosks to restaurants and cafes with an option for customers to pay for their food orders with their Bithumb crypto holdings, local news outlet Zdnet reported March 7. The kiosk brand, called Touch B, is the result of a February partnership between Bithumb and kiosk …

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Vitalik Buterin, co-founder of Ethereum, presented a Blockchain scaling solution called Plasma Cash, an even “more scalable” version of an existing solution called Plasma, during a talk live streamed on YouTube at the Ethereum Community Conference in Paris on Friday, March 9. Plasma Cash was developed by Buterin and developers Dan Robinson and Karl Floersch. …

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