Tagged: exchange

Texas Sanctions FX and Crypto Dealer FxBitGlobe

The Texas State Securities Board (TSSB) has issued an emergency cease and desist order against FxBitGlobe, a company the Board claims is “trading mostly in falsehoods” for pervading an unlikely cryptocurrency investment program that has pyramid-scheme features. According to the TSSB, FxBitGlobe, “claims to be… Read More

Failed Canadian Cryptocurrency Exchange QuadrigaCX Files for Bankruptcy

Canadian cryptocurrency exchange Quadriga CX has been placed in bankruptcy this week, CBC reports. The exchange had been undergoing restructuring following the sudden death of founder Gerald Cotten and the loss of $260 million CAD in exchange funds. Cotten’s wife, Jennifer Robertson, filed for credit protection in… Read More

Crypto Trader Lost $100 000 CAD in QuadrigaCX Exchange’s Final Hours

The disastrous demise of Canadian cryptocurrency exchange QuadrigaCX has been well covered to date, including: the mysterious, sudden death of founder Gerald Cotten in India in early December 2018. the criminal past of Quadriga co-founder Michael Patryn. the alleged $190 million USD “loss” of client funds… Read More

Linh Thanh Group and KRONN Ventures AG Sign MOU to Launch Crypto Exchange in Vietnam

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More

Report: ICE Has Raised $740 Million to Launch Crypto Trading Platform, Bakkt

Bakkt, a cryptocurrency futures trading and custody platform being built by the Intercontinental Exchange (ICE) in New York, has raised $740 million USD from Series A investors to date, The Block reports. The project raised $182.5 million last year, and new funds may have come… Read More

Crypto Trading Platform Caspian Integrates with Crypto Options & Futures Exchange Deribit

New York Stock Exchange 1939

Caspian, a crypto trading platform for professional traders and investors, has integrated its platform with Deribit, a crypto options and futures exchange, according to a release from the firm. Via its API, Caspian now claims to be the first institutional platform to offer both options… Read More

Australian Police Arrest Drug Dealer and Close Two Associated Cryptocurrency Trading Platforms

Police in Australia have arrested a 27-year-old man and charged him with 14 counts related to possession and distribution of hard drugs and steroids. As a related aspect of the drug bust, police have also, “suspended the registration of two digital currency exchange businesses where… Read More

Creditors Concerned: Widow at Centre of $260 Million QuadrigaCX Disaster Seeking $300K in Court Costs

Jennifer Robertson, the wife of Gerald Cotten, the deceased founder of Canadian crypto exchange QuadrigaCX, has asked a Canadian court to reimburse her for $300,000 in costs she incurred by filing for creditor protection, Bloomberg reports. Robertson filed for creditor protection in late January after… Read More

Coinbase Distances Itself as Acquisition of Surveillance Firm Neutrino Stirs Controversy

US-based cryptocurrency exchange Coinbase, whose recent acquisition of Italian digital surveillance specialist Neutrino sparked a #DeleteCoinbase campaign on Twitter late last week, is taking pains to distance itself from the controversy- in part by firing key staff at Neutrino. Critics are angry that Coinbase acquired… Read More

Kraken Offers $100K Reward in $190 Million Quadriga Failure, Traces Mystery in Podcast Part 1

Owners of the Kraken cryptocurrency exchange platform are offering a $100 ooo USD reward for information that may help recover $190 million USD in funds lost by the Canadian crypto platform QuadrigaCX. Quadriga CX fell apart in January following the untimely death of company CEO… Read More

Huobi Crypto Trading Platform Closes Australian Office

Citing, “poor market conditions” and “recent staff redundancies” at Huobi -and eight months after opening the office- the Huobi “cryptocurrency financial services group” has announced on Huobi Australia’s Twitter account that it will be closing all departments at Huobi Australia. Huobi is a top ten cryptocurrency trading… Read More

Huobi Now Offers Tether ERC20 Deposits & Withdrawal

Huobi Global is now offering deposit and withdrawal service for Tether (USDT) in both its Omni Protocol and ERC20 token form. Prior to today, Huobi only offered USDT linked to Bitcoin’s Omni layer. Bitcoin-based USDT and Ethereum-based USDT are considered two separate cryptocurrencies which run on different… Read More

Bitfinex Returns $105,000 in Stolen Bitcoins Aided by US Law Enforcement

In a blog post earlier this week, cryptocurrency exchange Bitfinex reported that 27.66270285 BTC (approximately $105,000) have been returned to customers due to the efforts of US law enforcement. The returned Bitcoins were part of a theft that took place in 2016. Bitfinex reported that it… Read More

Korean Crypto Exchange Coinbin Declares Bankruptcy Following Alleged $26 Million Embezzlement

South Korea Flag

Korean cryptocurrency trading platform Coinbin, which took over “Top Ten Korean …Exchange” Youbit last April after Youbit lost $15 million USD (17 billion won) in customer funds in a hack, has declared bankruptcy and ceased all trading on February 22nd, Business Korea reports. Coinbin CEO Park Chan-kyu… Read More

Back Door to Legitimacy or Exit Move? Crypto Businesses Using Shortcuts to IPOs

According to Reuters, crypto-exchange software maker ANX International purchased a controlling stake in Hong Kong-listed marketing firm Branding China last year, and said that the company’s new status as a publicly-traded company granted clients, “additional confidence in knowing we are a credible company and here… Read More

Canada’s CoinField Debuts White Label Crypto Exchange Software Licensing Program

CoinField, a Canada-based cryptocurrency exchange, announced on Tuesday the launch of its new cryptocurrency exchange software licensing program. Founded in 2017, CoinField offers users a multi-layer and secure trading platform to trade digital assets such as bitcoin, ethereum, litecoin, ripple, dash, and bitcoin cash. “CoinField is… Read More

ASX-listed Company, Byte Power Group, Pays Fine to ASIC Following Launch of Crypto Exchange

The Australia Securities and Investment Commission (ASIC) has issued a statement regarding payment of a fine by Byte Power Group Limited. Byte Power, a company that is engaged in diverse businesses such as food and wine and power management, paid ASIC $33,000 after the regulator issued an… Read More

New Zealand Police Say They’re Making “Excellent Progress” Investigating Hack on Cryptopia Exchange; Experts Question Those Claims

Police in New Zealand have issued a press release stating their investigation of a prolonged hack on the Cryptopia cryptocurrency exchange, “is progressing well and advancing on several fronts.” But according to online publication Stuff, Auckland University associate professor of commercial law, Alex Sims, has contradicted those… Read More

Indian Hospital Confirms Death of QuadrigaCX Crypto Exchange CEO, $190 Million Still Missing

The hospital in Jaipur, Rajasthan, where Canadian crypto exchange CEO Gerald Cotten spent his last hours has confirmed that he died there from a heart attack caused by complications from Crohn’s disease, Times of India reports. Cotten’s untimely death may also have devastating consequences for… Read More

QuadrigaCX, Once Canada’s Largest Crypto Exchange, Gets Bankruptcy Protection. Meanwhile, One Report Claims Founder Filed Will Less than 2 Weeks Prior to His Demise

Is QuadrigaCX Safe? “QuadrigaCX has been developed by some of the foremost leaders in the crypto currency community, and employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of… Read More

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