New Coinbase Rival Launches Crypto Exchange, Visa Card

US-based cryptocurrency exchange CoinZoom has officially launched its crypto exchange platform and Visa card. CoinZoom Allows Users to Spend Crypto with Visa Cards CoinZoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other digital coins. The Utah-based company is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. The CoinZoom Visa Card lets clients convert their crypto holdings […]

New Crypto Exchange Coming Soon From Amsterdam

Retail brokerage firm BUX announced that it would gradually launch its crypto trading platform soon. The Dutch company will start accepting the first clients in the first week of March. BUX Rebrands Crypto Platform Blockport While there are many specialized crypto exchanges out there, many stock or forex-oriented brokerage firms are keen to become part of the crypto trend. So does Amsterdam-based BUX. After acquiring cryptocurrency investment platform Blockport in January of this year, BUXRead More

Upbit Plans Massive Changes to Crypto Offerings

upbit exchange south korea

South Korean crypto exchange Upbit announced on Wednesday that it would make some changes to its crypto offerings. It is likely that the Korean crypto exchange operator will end the partnership with US-based Bittrex. Upbit Might Temporarily Suspend Support for Several Coins On September 25, Upbit said that it would restructure its crypto services starting from October 25. The date coincides with the end of the current agreement with US-based crypto exchange Bittrex. Thus, it

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Japan: Monex To Pay Bitcoin Dividend To Shareholders With Coincheck Account

Bitcoin monex japan

The owner of Japanese cryptocurrency exchange, Coincheck, has announced it will award Bitcoin to its shareholders in a new shake-up. Monex Shareholders To Get 500 Yen In Bitcoin In a statement on September 24, online broker Monex Group said it would give 500 yen in BTC to anyone who owns more than 100 shares and has a Coincheck account. The move seeks to complement a previous incentive scheme under which shareholders received so-called Monex Points

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Bitstamp’s Cryptocurrency Activity Up Over the Month

bitstamp bitcoin exchange

Most of the centralized bitcoin and cryptocurrency exchanges saw a decline in activity during the last 30 days, according to TokenAnalyst data. Bitstamp is the only exchange to experience increased flow.  Bitstamp is Amongst Best Performers in Terms of Net Flow Major crypto exchanges like Binance and Bitfinex saw their inflows and outflows dropping over the month, suggesting a decrease in activity. On the other side, Bitstamp noted an increase in the outflow of bitcoin.

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People Are Flocking to Bitcoin Exchanges Again, New Data Shows

people crowd bitcoin exchange

Bitcoin exchanges are surging in popularity during the 2019 bull-run, with Binance entering the top 1000 most popular websites in the world. Binance Reenters Top 1000 Websites Statistics from Alexa.com reveal a renaissance in exchange popularity after a lengthy bear market quashed interest. This week, Binance rose to position 913 in global rankings, marking its peak in popularity since bitcoin price fell from $6500 to around $3100 in November 2018. Close behind it were other

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Biggest Bank in Belarus May Launch a Cryptocurrency Exchange

Belarusbank belarus bank

The biggest bank in Belarus is reportedly looking into launching a cryptocurrency exchange platform.  Belarusbank Studying Crypto Exchange Business The Chairman of the Board at Belarusbank, the country’s largest bank, has said that they are studying the opportunity of creating a cryptocurrency exchange platform. Speaking to the local TV channel, Belarus 1, he said: The possibility of creating an exchange platform for trading operations with cryptocurrencies is being studied. We are currently addressing the issue. Supposedly, this

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Report: Huobi Overtakes Binance and OKEx in Commission Earnings

huobi

Cryptocurrency exchange Huobi has reportedly raked in a total of $483 million in commissions throughout 2018, more that the top two exchange by volume Binance and OKEx.  Half a Billion in Trading Fees According to a recent report by Korean media Sporbiz, China-based cryptocurrency exchange Huobi has raked in a total of $483 million USD in commissions throughout 2018. The report suggests that this is more than the commissions earned by Binance – the leading exchange by

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Report: Huobi Overtakes Binance and OKEx in Commission Earnings

huobi

Cryptocurrency exchange Huobi has reportedly raked in a total of $483 million in commissions throughout 2018, more that the top two exchange by volume Binance and OKEx.  Half a Billion in Trading Fees According to a recent report by Korean media Sporbiz, China-based cryptocurrency exchange Huobi has raked in a total of $483 million USD in commissions throughout 2018. The report suggests that this is more than the commissions earned by Binance – the leading exchange by

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‘We Have to Spend Money Carefully’ – Huobi Confirms Lay Offs Despite Profits

caution

The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is letting people go in an attempt to “spend money carefully.” Huobi Tightens Belt Huobi is a China-based cryptocurrency exchange with around $300 million in daily traded volumes, making it one of the top-ten cryptocurrency exchanges in the world. It seems, however, that the prolonged bear market of 2018

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NASDAQ, Fidelity Invest in New Cryptocurrency Exchange

Nasdaq Increases Exchange Customers and Looks to Police Crypto

New cryptocurrency exchange has reportedly raised $27.5 million from investors which include NASDAQ Ventures and Fidelity Investments. The platform will offer cryptocurrency trading on spot and future markets starting next year.  Nevermind the Bear Market Seemingly unphased by the current bleeding conditions of the cryptocurrency market, Fidelity Investments and NASDAQ Ventures have reportedly taken part in a funding round of new cryptocurrency exchange ErisX. The total amount raised is $27.5 million, Reuters reports. According to the report,

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Cryptocurrency Exchange KuCoin Secures $20 Million in Series A Funding

KuCoin funding

KuCoin has secured $20 million in Series A funding as part of the company’s drive for rapid expansion across the globe. The cryptocurrency exchange platform has plans to establish its presence in places in Europe and Latin America. IDG Capital Leads Funding Round In a statement published by KuCoin on Thursday (November 15, 2018), the Singapore-based cryptocurrency exchange announced the close of its $20 million series A funding round. IDG Capital, as well as NEO

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Pure Bit Bamboozles Investors in $2.7 Million ICO Exit Scam

Pure Bit lured investors in with promises of a rewarding ICO then mysteriously vanished, taking 13,000 worth of ETH with them. There’s a Sucker Born Every Minute The South Korean exchange is accused of pulling an exit scam after raising nearly 13,000 ETH ($2.7 million) in ICO funds. A few months ago ICOs were banned in South Korea. In response, the team behind Pure Bit operated anonymously. It’s likely that investors weren’t wary of this,

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CEO of Largest Crypto Exchange Believes the Bitcoin Bears Are Here to Stay

BitMEX CEO, Arthur Hayes believes bears have the stamina to keep control of the crypto market for at least 18 months longer. Hayes Forecasts Prolonged Thunderstorms Arthur Hayes, the captain at the helm of the world’s largest cryptocurrency derivatives exchange BitMEX believes bears could maintain control of the cryptocurrency market for at least another 18 months. Of course, these comments are rather interesting considering they come from the man accused of openly encouraging traders to

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

Japan

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act and the Fund Settlement Law, cryptocurrencies are considered a method of payment that users do not need to pay taxes

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Trezor Now Lets You Convert Bitcoin to Other Cryptos Right From the Device

trezor bitcoin ethereum wallet

In a recent upgrade, popular Bitcoin and cryptocurrency hardware wallet TREZOR has enabled its Model T users to exchange directly through their wallet interface, which means users no longer have to send coins from their device for conversion.   A Crypto Exchange Inside the Trezor In an attempt to make its flagship hardware wallet TREZOR Model T, the company behind it – Satoshi Labs, has announced a brand new feature which allows users to exchange cryptocurrencies

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Int’l Financial Watchdog FATF to Introduce Cryptocurrency Rules in 2019

The Financial Action Task Force (FATF) – an international agency which is intended to tackle criminal activity across the globe, is set to issue the first set of rules regarding cryptocurrency regulations in 2019. Focus on Crypto Exchanges The FATF is based in Paris and it is currently comprised of 37 countries. Its’ president Marshall Billingslea said that the agency will issue new rules regarding cryptocurrency regulations. Purportedly, they will require each country to thoroughly

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YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion

YoBit Inflates PutinCoin in Blatant Pump and Dump Promotion

As stigmas associated with cryptocurrency investing dissipate, YoBit decided to go rogue and launch a rather unique marketing promotion involving PutinCoin. Pump It Up! On October 11th, YoBit decided to debut a controversial pump promotion in an attempt to win over investors. While many thought it was a joke, the exchange actually had the gall to pull it off. Today, at random (though the exchange appears to be registered in Russia), PutinCoin (PUT) went ballistic

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First Fiat-to-Cryptocurrency Exchange Set to Launch in Singapore

Singapore Concensus Conference

Southeast Asia will purportedly see its first fiat-to-cryptocurrency exchange launching in Singapore. The venue is intended to make digital currencies more accessible to both consumers and businesses. Fewer Barriers to Entry The first fiat-to-cryptocurrency exchange will launch in Singapore, attempting to facilitate easier entry to the cryptocurrency market for both businesses and consumers. EurekaPro, as the exchange is dubbed, has already launched an open public beta which reportedly has over 8,000 signed up in the

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The Zaif Hack Story Isn’t Over Yet: Further Investigations Lead to More Questions

The hack of Japan-licensed cryptocurrency exchange Zaif took the crypto community by surprise last week. It’s recently emerged that the perpetrators of the crime are trading the stolen wealth on Binance and other exchanges. Japan’s Financial Watchdog Slams Three Business Improvement Orders The event couldn’t pass unnoticed, especially because the exchange had reportedly warned about its vulnerabilities in advance following the Japanese financial authorities’ (the FSA) verifications. The failure to address the respective issues resulted

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