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Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($ 40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well.
Also read: $ 500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction
Coinbase CTO Balaji Srinivasan has left the company after joining in April 2018, marking the first chief technology officer departure for the crypto giant. 1/2 Really enjoyed my time at Coinbase working with my friend @brian_armstrong. The Earn integration was successful and we’ve closed ~$ 200M in deals for the new Coinbase Earn. Was also my […]
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On April 25, the Mt. Gox civil rehabilitation trustee Nobuaki Kobayashi published a new announcement concerning the deadline for the rehabilitation plan. According to the letter sent to Mt. Gox creditors, Kobayashi has delayed the proceedings for another six months due to “undetermined” claims. Following the announcement, bitcoin security specialists Wizsec published a scathing critique of the Coinlab claim for US$ 16 billion and alleged that it was “the elephant in the room causing this delay.”
Also read: Mt. Gox Restitution Process Frozen Due to One Man’s $ 16B Claim
Digitex, a highly-anticipated zero-fee, non-custodial futures exchange with its own cryptocurrency, DGTX, came out Friday to announce that it would be postponing the April 30 launch date until further notice. In the aftermath of the announcement, which came with a 21-minute profanity-laced video explanation from CEO Adam Todd, DGTX crashed more than 70%, erasing more […]
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Cryptocurrencies dropped in value yesterday after the New York Attorney General’s court filings against Bitfinex and Tether were published. Currently, the entire market capitalization is roughly $ 170 billion and most cryptocurrencies have lost 2-10% of their value since the announcement.
Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs
Ocean Protocol, a decentralized data exchange protocol to unlock data for AI, is now planning to raise funding via an initial exchange offering of Ocean Tokens (OCEAN) on Bittrex International following its failed attempt to meet its fundraising goal on CoinList. We are delighted to announce that @BittrexIntl will be conducting an Initial Exchange Offering […]
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After a token sale on CoinList failed to reach its target, data marketplace Ocean is trying again on crypto exchange Bittrex International.
CoinDesk
Over the last few weeks, bitcoin cash (BCH) and the network itself have been shining brightly after a year of bearish sentiment and the blockchain split last November. Most notably, this month BCH has shown a significant increase in daily transactions, the price has doubled, and today the network has produced the second highest value of onchain transactions settled in the last 24 hours.
Also read: Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin
Mithril (MITH), a decentralized social media platform that rewards creators for content, surged around 60% in Thursday trading after announcing that will become the first project to adopt the newly launched Binance Chain. Mithril will be the first project to migrate to @Binance Chain!$ MITH token holders on the new @Binance_DEX will be the first to experience […]
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On April 15, Binance announced that the trading platform will be delisting bitcoin SV (BSV). The removal follows the tendentious actions of Craig Wright over the last few weeks in which the BSV creator has sent libel lawsuit warnings to well-known digital currency proponents. Since the announced delisting, the price of BSV has fallen by more than 13%.
Also read: Bitcoiners’ Seastead in Deep Trouble With Thai Government
Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York.
Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
NYDFS also published a letter addressed to Bittrex CEO Bill Shihara, where it cited inadequate Anti-Money Laundering (AML), Know-Your-Customer (KYC) and Office of Foreign Assets Control (OFAC) standards as reasons for its denial.
Seattle-based cryptocurrency exchange Bittrex dropped its trading fee to 0% on Thursday for New York residents to help them move their funds from their platform following the rejection of the exchange’s BitLicense application by New York Department of Financial Services (NYDFS). In a recent post, Bittrex explained that the NYDFS denial requires the exchange to suspend operations […]
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Hodlonaut, a Bitcoin (BTC) community member perhaps best-known for starting the Lightning Network Trust Chain, has reportedly been slapped with the threat of a libel suit from self-styled Satoshi Nakamoto Craig Wright, the creator of Bitcoin SV (BSV), after he asserted that Wright was a “fraud” on Twitter. The Letter 📨 As highlighted by Bitcoin […]
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Earlier today, commission-free stock and crypto trading app Robinhood announced the acquisition of MarketSnacks, a popular financial news podcast and newsletter by Jack Kramer and Nick Martell. We have news for you. Literally. We’re excited to share that we’ve acquired MarketSnacks, a top rated financial newsletter and podcast, and will be re-launching it as @RobinhoodSnacks, […]
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
In response to these calls for more regulation and calls from some crypto businesses for more regulatory clarity, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) released a discussion paper on March 14, 2019, with a “New Proposed Platform Framework” that would aim to specifically tailor regulations to the special risks posed by cryptocurrency exchanges.
The XRP Army can finally rejoice as Coinbase has made the decision to list Ripple’s digital currency (XRP), starting with Coinbase Pro, the exchange’s professional trading platform. When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XRP in supported regions. Orders cannot be placed or filled. […]
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Dan Morehead, the chief executive officer of Pantera Capital, recently discussed the cryptocurrency bear trend on an episode of the Unconfirmed podcast. Morehead argued that the crypto sector has much more robust fundamentals than it did during the previous bear trend, asserting that the industry has developed the infrastructure necessary in order to attract institutional investors. The company has also raised $ 130 million for a third venture fund.
Also Read: Kenyan Crypto Adoption and Trading Grows Despite Warnings from Regulators
KuCoin Shares (KCS), the token associated with the Singapore-based crypto exchange, is up more than 9% on news of the impending release of the exchange’s 2.0 upgrade. 24hr Notice: KuCoin Platform 2.0 Upgrade Scheduled for 08:00 AM (UTC+8) 18 Feb 19 KuCoin will be performing a system upgrade for Platform 2.0. The upgrade process is expected […]
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After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status.
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval
The SEC announced on Thursday that the U.S. District Court for the Southern District of California has reconsidered its prior order regarding the Blockvest token. The court subsequently granted the agency a “preliminary injunction against Blockvest Llc and its founder Reginald Buddy Ringgold III aka Rasool Abdul Rahim El for making fraudulent offers of securities.”
Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week.
Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations
