Tagged: exchange

BitMEX Invests in Philippine Cryptocurrency Exchange PDAX

BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen… Read More

Failed Cryptopia Exchange Granted Order Preserving Access to Customer Data

A court in the Southern District of New York has granted provisional relief to defunct New Zealand cryptocurrency exchange Cryptopia as it attempts to maintain access to customers’ trading balance data managed by an Arizona firm claiming the exchange owes it $2 million USD. Cryptopia… Read More

“CZ Binance” Files Countersuit Against Sequoia Capital

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Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

Blockstation Wants to Provide the Solution for Traditional Exchanges to Get into Digital Assets

Last month, Canada-based Fintech Blockstation announced a relationship with the Jamaica Stock Exchange (JSE). As part of a pilot program, the Blockstation trading platform is being used by the JSE for listing, trading, clearing, and settlement of digital currencies (BTC and ETH). Security tokens are… Read More

Wasa Wasa Wasup! Bitconnect 2.0 …

Yes, it appears to be true. Bitconnect, a poster child for crypto hubris and scams, seems to be poised to be reanimated as a crypto exchange in Bitconnect 2.0. While it is not clear who is behind the new site hopefully the sequel is far… Read More

Crypto Exchange Kraken is Crowdfunding on Bnk to the Future

Popular crypto exchange Kraken is crowdfunding. Kraken has partnered with Bnk to the Future to “create a rare, but limited opportunity for both large and small investors to own shares of Kraken stock.” Kraken claimed over $85 billion in crypto trading during 2018. Beginning yesterday… Read More

Shuttered Cryptopia Exchange Says it Cannot Guarantee Return of “Crypto Assets” or Fiat Balances to Customers

Liquidating New Zealand crypto exchange Cryptopia has announced that it has halted trading and frozen customer assets and balances, “In order to… get an accurate picture of the current situation.” Accordingly, no withdrawals of fiat or crypto will be permitted by the exchange until, “…an… Read More

Hacked New Zealand Crypto Exchange, Cryptopia, Halts Trading, Goes into Liquidation

Cryptopia, a New Zealand-based cryptocurrency trading platform that, in February, watched helplessly for days as hackers drained an estimated $16 million USD in cryptocurrency tokens from exchange coffers, has gone into liquidation. According to business advisory firm Grant Thornton New Zealand, which is overseeing the liquidation:… Read More

QuadrigaCX Trustee’s Final Report Finds Not Much Left for 76 000 Exchange Users Who Lost $215 Million

Trustees from Ernst and Young Inc. (EYI) have submitted a preliminary report assessing the assets remaining at QuadrigaCX, a Canadian cryptocurrency exchange that lost access to an estimated $240 million CAD in exchange funds last winter after the untimely death of CEO and sole Director,… Read More

Digital Asset Marketplace HBUS Says US Crypto Adoption is Gaining Momentum

HBUS, a US-based digital asset marketplace and part of the Huobi Group, says that crypto adoption is gaining momentum in the US. HBUS was launched in July of 2018 and is part of Singapore-based Huobi Group’s global expansion plans. HBUS surveyed 1067 US citizens during… Read More

Long Term Stock Exchange, Created by Eric Ries, Receives SEC Approval to Operate as a National Securities Exchange

On Friday, the Long Term Stock Exchange (LTSE) received good news from the Securities and Exchange Commission (SEC) as it was approved as a national securities exchange. The LTSE is the creation of Eric Ries, an entrepreneur, VC, and creator of the lean startup concept…. Read More

Binance, World’s Largest Cryptocurrency Exchange, Hacked for $40.7 Million

Hackers breached a single hot wallet at Binance this week and made off with $40.7 million USD in Bitcoins. This is according to the “Binance Security Breach Update” posted May 7th on the Binance website: “We have discovered a large scale security breach today, May 7,… Read More

CTO Balaji Srinivasan Leaves Coinbase

Coinbase CTO Balaji S. Srinivasan, who took his position at America’s top crypto exchange in April of last year after his company Earn.com was acquired by Coinbase, has announced on Twitter that he is leaving the company: Earn.com is an app that allows users to earn… Read More

Crypto Exchange Bakkt Acquires Digital Asset Custody Company

Bakkt COO Adam White has blogged on his company’s efforts to become the go-to Bitcoin futures trading platform and “digital asset” custodian for institutions.  According to the post, Bakkt has acquired Digital Asset Custody Company (DACC) establishing a “commitment to setting a new standard for… Read More

Institutional Crypto Exchange LMAX Receives Gilbraltar DLT License Aided by Isolas

Institutional cryptocurrency exchange LMAX Digital has been approved for a full Distributed Ledger Technology (DLT) License by the Gibraltar Financial Services Commission (GFSC). LMAX was advised by the law firm Isolas in the licensing process. Receiving a DLT License from Gibraltar requires attestation of robust… Read More

Tether Responds to New York AG Investigation, Claims “Lost” Funds “Seized and Safeguarded”

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

New York Attorney General Issues Court Order Alleging Fraud Pertaining to Bitfinex and Tether. Cover Up of $850 Million Loss is Claimed.

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

Japan Regulator Conducts Flash Inspections at Huobi and Zaif/Fisco Crypto Trading Facilities

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

OKCoin Announces EOS Token Added to Digital Asset Exchange

OKCoin announced on Monday it has named EOS as the latest token added to its digital exchange platform. Founded in 2013, OKCoin claims to be one of the world’s first and largest regulated digital asset exchanges. It has users in more than 100 countries around… Read More

Friend: Deceased QuadrigaCX Founder Feared Kidnapping

Adam O’Brien, a friend and former colleague of deceased QuadrigaCX founder Gerald Cotten, told Canadian media outlet Global News this week that Cotten talked casually about being kidnapped for the vast fortune he controlled: “Gerry was holding, we know, over $100 million, almost $200 million… Read More

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