Category: Cryptocurrency Exchange

P2P Trading Resumes on Okex While Withdrawals Freeze Still in Effect: Tron Foundation Announces Cashout Plan for TRX Holders

P2P Trading Resumes on Okex While Withdrawals Freeze Still in Effect: Tron Foundation Announces Cashout Plan for TRX Holders

Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier […]

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4% Annual Interest Returns When You Deposit BTC in UK Exchange Luno

4% Annual Interest Returns When You Deposit BTC in UK Exchange Luno

As countries such as the UK and US consider a negative interest rate approach in response to the worsening economic crisis, bank customers are now caught in a dilemma: Depositing their funds with the bank is a necessity, but why should they pay the bank to hold their money? Luno, a UK-based digital wallet service […]

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Exchanges’ Transparency and Security Remain Biggest Hurdles to Crypto Industry

Exchanges’ Transparency and Security Remain Biggest Hurdles to Crypto Industry

The recent case of OKEx suspending customers’ withdrawal might only have resulted in a slight nudge to Bitcoin (BTC)’s price but we can no longer deny that the transparency and security issues of the exchanges are the biggest hurdles to the crypto industry. In the short history of cryptocurrency, the Mt Gox incident still remains […]

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FCA-Approved Digital Assets Exchange Archax Raises $8 Million in Seed Funding Round

FCA-Approved Digital Assets Exchange Archax Raises $8 Million in Seed Funding Round

UK-based digital assets exchange Archax announced a successful seed funding round of $8 million on October 15. The fundraising exercise saw the participation of multiple venture capital firms involved in the crypto sector, such as Alameda Research, Hudson Capital, QBN Capital, Bridgetower Capital and others. Archax exceeded its fundraising goal of $5 million due to […]

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Investors Ready for INX Crypto Exchange’s SEC-Registered IPO Token Sale

Investors Ready for INX Crypto Exchange’s SEC-Registered IPO Token Sale

An increasing number of cryptocurrency exchanges are venturing into public listings on traditional financial markets. INX Limited, a digital assets and security tokens trading platform, previously announced its August 24 Initial Public Offering (iPO) and the news made headlines as the sale was registered successfully with the US Securities and Exchange Commission (SEC) after the […]

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KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at risk have rattled the crypto community since news first broke over the attack. Since then, the hacker has been attempting to liquidate the funds they have on several decentralized exchanges. Whale Alert, an account which tracks large transactions, previously pointed […]

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Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are officially involved” in order to take action.On September 25, 2020, the crypto community found out that the Kucoin exchange was […]

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Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’

Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’

Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that […]

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Majority of Crypto Exchanges Have Weak KYC Measures, Says CipherTrace

Majority of Crypto Exchanges Have Weak KYC Measures, Says CipherTrace

The world of cryptocurrency has long been the target of financial regulatory ire without the emergence of decentralized finance (DeFi) projects. This year inarguably goes to the DeFi sector, which has managed to lock in over $11 billion USD worth of assets, but is DeFi adding oil to fire? Blockchain analytic and security firm CipherTrace […]

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CFTC Charges BitMEX in Negligence over Money Laundering Prevention Failure

CFTC Charges BitMEX in Negligence over Money Laundering Prevention Failure

Seychelles-registered crypto exchange BitMEX is currently in hot waters with the Commodity Futures Trading Commission (CFTC). According to Bloomberg, federal prosecutors are accusing BitMEX and its founders Arthur Hayes, Benjamin Delo and Samuel Reed for enabling money laundering and also illegally serving US customers. Prosecutors state that being registered in Seychelles for the cost of […]

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