$wPKT is Now Trading on Decentralized Cryptocurrency Exchange PancakeSwap

Obeah Bridge (ODApp), a decentralized application bridge connecting PKT and Binance Smart Chain (BSC) ecosystems, has announced that the public trading of the wrapped version of PKT Cash, called wPKT, is now live on PancakeSwap. ODApp converts PKT Cash ($PKT) into wPKT, a new Binance Smart Chain BEP20 cryptocurrency token on a 1:1 basis. WPKT… Continue reading $wPKT is Now Trading on Decentralized Cryptocurrency Exchange PancakeSwap

South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals – Exchanges Bitcoin News

A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised the firm to start liquidation proceedings. ‘Extreme Pressure’ In… Continue reading South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals – Exchanges Bitcoin News

Blockchain Advisory Firm CREAM Collaborates With Crypto Exchange Bitrue

Blockchain advisory firm CREAM is partnering with Singapore-based cryptocurrency exchange Bitrue to push real value to CREAM-incubated projects and the wider VeChain ecosystem. CREAM is one of the main driving forces behind VeChain, an enterprise software designed to create, manage, maintain, and update shared data about products in the supply chain. Its public blockchain, VeChainThor,… Continue reading Blockchain Advisory Firm CREAM Collaborates With Crypto Exchange Bitrue

Crypto Exchange Bitfinex Adds Margin Trading On Tether Gold

Cryptocurrency exchange Bitfinex has added margin trading for Tether Gold (XAU₮), enabling traders to execute more advanced strategies on the metal in a digital form. Founded in 2012, Bitfinex is a digital asset trading platform offering services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and… Continue reading Crypto Exchange Bitfinex Adds Margin Trading On Tether Gold

Australian Crypto Exchange Independent Reserve Launches In Singapore

Australian cryptocurrency exchange Independent Reserve has expanded its services to Singapore. Founded in 2013, Independent Reserve is a pro-regulation platform that has built a proprietary, institutional grade trading platform to allow users to buy and sell bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and other cryptocurrencies. Last year, the company became the first crypto… Continue reading Australian Crypto Exchange Independent Reserve Launches In Singapore

Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions

At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, using it as an opportunity to reaffirm their stance that Binance DEX is not truly a decentralized exchange (DEX). However, as it turned out, the initial… Continue reading Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions

Crypto Exchange Bittrex to Block US Users From Trading in 32 Cryptos

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies. The exchange revealed the news in a post on its blog on June 7. Per the announcement, after June 21, U.S. traders won’t be able to access a slew of coins listed on the exchange, including QTUM and… Continue reading Crypto Exchange Bittrex to Block US Users From Trading in 32 Cryptos

Bitcoin Trading Volume on Coinbase Hits Year High

Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th. Bitcoin 2-year volume chart. Source: Bitcoinity The Bitcoin price was… Continue reading Bitcoin Trading Volume on Coinbase Hits Year High

Crypto Trading Platform OKCoin Expands Its Services and Opens Office in Malta

Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and withdraw euros, as well as participate in euro spot trading for cryptocurrencies such as bitcoin (BTC),… Continue reading Crypto Trading Platform OKCoin Expands Its Services and Opens Office in Malta

Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves the infection of a target with malware and the demand of a ransom payment —… Continue reading Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

LocalBitcoins Imposes Restrictions on Iranian Accounts

Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24. Screenshot of LocalBitcoin Iranian page as of press time A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial regulations in Finland, where the… Continue reading LocalBitcoins Imposes Restrictions on Iranian Accounts

Binance’s CZ Seeks Compensation From Sequoia for Alleged Reputational, Financial Damage

Changpeng Zhao, the CEO and founder of major crypto exchange Binance, is seeking damages from venture capital firm Sequoia Capital China for having ostensibly hurt his reputation and unjustly prevented him from raising capital during its now-dismissed legal challenge against him last year. A Binance spokesperson shared the news with Cointelegraph on May 23. Attorneys… Continue reading Binance’s CZ Seeks Compensation From Sequoia for Alleged Reputational, Financial Damage

ETH Stolen From Crypto Exchange Cryptopia Moved, Portion Deposited on Exchange

A portion of the ether (ETH) stolen from hacked New Zealand-based cryptocurrency exchange Cryptopia has been moved and deposited to a different crypto exchange, according to an analysis. Crypto Anti-Money Laundering startup Coinfirm tweeted about their findings on May 20. According to Coinfirm, 30,790 (over $7.778 million) of the stolen ether has been reportedly moved… Continue reading ETH Stolen From Crypto Exchange Cryptopia Moved, Portion Deposited on Exchange

Major Crypto Exchange in Korea Shut Down in April: 2018 Was a Nightmare for Most

The shutdown of Coinnest on April 18, one of the major crypto exchanges in South Korea, showcased the intense brutality of the 16-month bear market, which came crashing down as soon as bitcoin achieved an all-time high at a price of $20,000. While not many major crypto exchanges have closed their operations in the past… Continue reading Major Crypto Exchange in Korea Shut Down in April: 2018 Was a Nightmare for Most

Capital Outflows From Major Crypto Exchanges Exceeded Inflows by ~$622 Mln in Recent Days

Blockchain data provider TokenAnalyst estimates that capital outflows from major crypto exchanges have exceeded inflows by ~$622 million over the past five days, Bloomberg reported on May 15. London-based TokenAnalyst has reportedly based its figure on an analysis of withdrawals and capital inflows on multiple crypto trading platforms — including Bitfinex, BitMEX, Binance and Kraken.… Continue reading Capital Outflows From Major Crypto Exchanges Exceeded Inflows by ~$622 Mln in Recent Days

Brian Armstrong: Coinbase Custody Has $1 Billion of Crypto Under Management

During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. Coindesk reported on Armstrong’s comments on Wednesday, May 15. Panel moderator and Wall Street Journal reporter Paul Vigna asked Armstrong about the perspectives of institutional… Continue reading Brian Armstrong: Coinbase Custody Has $1 Billion of Crypto Under Management

New York Judge Criticizes Attorney General Claims Against Bitfinex, Tether

The New York Attorney General cannot bring the full force of its court order against cryptocurrency exchange Bitfinex and stablecoin Tether (USDT), cryptocurrency news media outlet CoinDesk reported, quoting a judge on May 6. Following submission of a refute from lawyers representing the co-defendants, New York Supreme Court judge Joel M. Cohen decided the parties… Continue reading New York Judge Criticizes Attorney General Claims Against Bitfinex, Tether

Australia To Use Third Party Data On Crypto Transactions For Tax Compliance

The Australian Taxation Office (ATO) is set to use cryptocurrency transaction data collected in bulk from Australian cryptocurrency designated service providers (DSPs) to enable people trading in cryptocurrency to pay the right amount of tax. The data will include cryptocurrency purchase and sale information. The ATO will also use the data to improve the integrity… Continue reading Australia To Use Third Party Data On Crypto Transactions For Tax Compliance

Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations

Two shareholders of major cryptocurrency exchange Bitfinex said that they are not distressed by the allegations made about the exchange’s insolvency by the New York Attorney General. The news was reported by cryptocurrency news outlet Coindesk on April 26. In January last year, Zhao Dong, a shareholder of the exchange, claimed on microblogging platform Weibo… Continue reading Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations

Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp

Two major cryptocurrency exchanges could soon have Walt Disney Corp. as their owner if a $13 billion equity deal goes through, South Korean English-language daily news outlet The Korea Herald reported on April 17. Citing a banking industry source speaking to another publication, JoongAng Ilbo, The Korea  Herald revealed the chairman of online gaming giant… Continue reading Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp

Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report

Major global crypto exchange Coinbase reportedly saw around $520 million in revenue last year, Reuters reported on April 18. The publication calculated the sum by looking at a filing to Britain’s corporate registry last week showing Coinbase’s non-U.S. revenue equaled around 154 million euros ($173 million), noting that a Coinbase executive once stated that the… Continue reading Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report

Bitstamp’s U.S. Subsidiary Granted New York BitLicense

The New York State Department of Financial Services or DFS granted virtual currency license, known as a BitLicense, to Bitstamp USA Inc., a unit of European cryptocurrency exchange Bitstamp Ltd. The latest approval expands New York’s virtual currency market, providing more competition and choice for consumers across the State, DFS said in a statement. With… Continue reading Bitstamp’s U.S. Subsidiary Granted New York BitLicense

California District Judge Sentences Bitcoin Trader To Two Years In Prison

U.S. District Judge Marilyn Huff sentenced U.S. citizen Jacob Burrell Campos of Rosarito, Mexico to serve two years in prison and forfeit all illicit profits generated from operating an unlicensed money transmitting business. He was arrested on August 13 last year and has been in custody without bail since then. Burrell pleaded guilty on October… Continue reading California District Judge Sentences Bitcoin Trader To Two Years In Prison

Binance Partners IdentityMind To Enhance KYC, AML Processes

Binance, the world’s largest cryptocurrency exchange by market capitalization, teamed up with online risk management firm IdentityMind to enhance the existing compliance and data security measures for the exchange. IdentityMind provides digital currency exchanges a “real-time” platform to comply with know-your-customer (KYC) and anti-money laundering (AML) regulations to prevent client onboarding fraud and transaction fraud.… Continue reading Binance Partners IdentityMind To Enhance KYC, AML Processes