Posts in category

Exchanges


A group of licensed cryptocurrency exchanges in Japan is looking to restore market confidence by adopting self-imposed rules. According to the Japanese news outlet Asahi Shimbun Tuesday, 16 exchanges that are currently registered with Japan’s Financial Services Agency (FSA) have formally launched a new self-regulatory organization dubbed the Japanese Cryptocurrency Exchange Association. Taizen Okuyama, president and CEO …

0 35

The Cboe wants to change the way it prices bitcoin futures contracts, a move that comes just months after the exchange operator first debuted its inaugural cryptocurrency product. In a newly published letter to the Commodity Futures Trading Commission (CFTC) dated April 17, CBOE Future Exchange (CFE) managing director Matthew McFarland announced a proposed rule amendment that …

0 39

Bitcoin trading platform LedgerX has seen a sevenfold increase in volume in the six months following its launch of cryptocurrency derivatives. Chief operating officer Juthica Chou told CoinDesk that the startup has seen roughly $7.5 million traded weekly through 700 swaps and options contracts. Since the platform launched its derivatives products, it has cleared $130 …

0 35

The European Parliament has backed a move to bring closer regulation to cryptocurrencies such as bitcoin. The parliament’s members voted by a large majority on Thursday to support a December 2017 agreement with the European Council for measures aimed, in part, to prevent the use of cryptocurrencies in money laundering and terrorism financing. The parliament members passed the move …

0 36

Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

0 38

$27 million. That’s how much revenue LocalBitcoins is now generating annually off a business that started back in 2011, all with an investment of just a few thousand dollars. One of the longest-running and most controversial bitcoin companiess, the decidedly low-fi website now has roughly 20 employees worldwide and 4 million registered accounts. And reflecting …

0 38

San Francisco-based cryptocurrency exchange Kraken isn’t planning to respond to the New York Attorney General’s newly-unveiled inquiry into the ecosystem. Kraken was one of 13 exchanges that received a letter from New York Attorney General Eric Schneiderman on Tuesday as part of his new inquiry into cryptocurrency exchanges, as previously reported. While most exchanges generally …

0 38

Some of the startups named today in the New York Attorney General’s cryptocurrency exchange “inquiry” say they welcome the move. As CoinDesk reported on Tuesday, the office of New York Attorney General Eric Schneiderman has launched an inquiry into 13 cryptocurrency exchanges on Tuesday. The exchanges named were Coinbase’s GDAX, Gemini, bitFlyer USA, Bitfinex, Bitstamp USA, Kraken, …

0 41

New York’s attorney general is taking a closer look at some of the world’s most popular cryptocurrency exchanges. Attorney General Eric Schneiderman announced the “Virtual Markets Integrity Initiative” on Tuesday, saying it was “a fact-finding inquiry into the policies and practices” of cryptocurrency trading platforms. Letters were sent to 13 exchanges, seeking information about their “operations, …

0 38

San Fransisco-based cryptocurrency exchange Kraken has announced it is shutting its doors for investors in Japan. According to a statement released on Tuesday, the company said it will cease to provide exchange services to Japanese residents, with a planned cutoff date for final withdrawals penciled in for the end of June. Kraken added that overseas Japanese …

0 38

A South Korean blockchain industry organization has proposed a self-regulatory framework for the cryptocurrency exchange industry. In a press conference, Tuesday, the Korean Blockchain Association, formed in December 2017 by industry companies, has proposed rules that would mandate exchange members of the group to hold at least 2 billion Korean won ($1.8 million) in equity …

0 38

Indian crypto exchange Coinsecure will pay back users following a $3.4 million theft last week – but there’s a catch. According to a message posted Saturday on the exchange’s website, all of the balances held in Indian rupees are secure. But the 438.318 BTC stolen is currently being tracked and has yet to be recovered. …

0 35

Coinbase always seemed destined to add litecoin. Even amidst an early sea of competing cryptocurrencies cloned from the bitcoin codebase, litecoin had secured a special place. Early adopters used it as a way to extend bitcoin gains and test out the tech, while effective marketing attracted mainstream interest (even without the technology offering much in the …

0 38

The fintech arm of Germany’s second-largest stock exchange is set to launch a cryptocurrency trading app later this year. Sowa Labs, a subsidiary of Börse Stuttgart, unveiled the app on Friday, which it said would be available for use in September and will initially offer trading support for bitcoin, ether, XRP and litecoin. According to the …

0 37

India-based bitcoin exchange Coinsecure announced yesterday that 438.318 bitcoins worth $3.3 million were stolen from its service, allegedly due to the actions of a rogue employee. According to a statement on the company’s website, the funds were lost as a result of the exposure of private keys, the cryptographic code that unlocks and moves blockchain-based …

0 36

BitFlyer, a major Japanese cryptocurrency exchange, announced Thursday that it will revise its trading and payment policies amid reports criticizing its existing know-your-customer procedures. According to a company announcement, starting from April 26, users registering online will not be able to send cryptocurrency assets or withdraw Japanese yen until their identity and address have been confirmed …

0 39

Bitfinex is pushing back against allegations it is involved in a money laundering case in Poland. The cryptocurrency exchange told CoinDesk on Tuesday that it conducted an “internal investigation of its international organization,” and found no connection between its operations and the two shell companies accused of defrauding the Belgian government and laundering funds in …

0 38

Cryptocurrency exchange Bitfinex denied claims it was involved in a money laundering case in Poland on Tuesday. The startup told CoinDesk it conducted an internal investigation of its international organization, and found no connection to two shell companies accused of defrauding the Belgian government and laundering funds in Colombia. The exchange wrote that “based on …

0 39

Seattle-based cryptocurrency exchange Bittrex is now accepting new user registrations. New users can sign up through the exchange’s revamped website, the startup announced Tuesday. Registrations were initially paused in December due to saturated capacity and new users were enrolled through a waiting list program over the past few months, according to a statement. All customers will …

0 36

Cryptocurrency exchange Gemini said Monday that it will roll out block trading for bitcoin and ether later this week. The feature – which will allow customers to make high-volume trades that won’t appear in the exchange’s order book until they’ve been filled – will go live at 9:30 a.m. ET on Thursday, Gemini explained in …

0 39