Bitcoin Exchange

Bittrex Leaves Malta Amid New AML Regulations, Coincidence?

Leading crypto exchange, Bittrex, announced that it was leaving Malta last week and setting up new headquarters in Liechtenstein. According to a market onlooker, the relocation has taken place around the same time the Maltese government has announced plans to tighten its money laundering policy for cryptocurrency businesses. Malta to Actively Monitor Crypto Businesses Coincidence...
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Binance Partners With Chainlink For ‘Next-Gen DeFi Applications’

Cryptocurrency exchange operator Binance have announced a new collaboration with Chainlink. The partnership will see Binance connecting its crypto data to other blockchain platforms. The move is part of a broader effort to support the expansion of Decentralized Finance (DeFi). Binance is a Big Believer in DeFi DeFi is a major trend right now despite...
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Venezuela’s Bitcoin Birth Proves Crypto Beats Gold in Hyperinflated Economy

A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña, a materials engineer from Caracas, outlined the payment process which took a day...
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Binance Adds Nigerian Naira as First Ever Fiat Trading Pair

Binance listed the first fiat trading pair, and it’s not the US dollar. Starting from today, Nigerian users will be able to buy Bitcoin, Binance Coin (BNB), and Binance’s stablecoin BUSD with Naira. Naira Become First Fiat Currency on Binance Most top exchanges that provide fiat-to-crypto trading services focus on the US dollar, or at...
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Lower-Tier Crypto Exchanges Still Dominate Market, Research

CryptoCompare recently published its September review of crypto exchanges’ activity. The platforms with lower ratings still dominate the market, accounting for over 70% or $347.2 billion. Volume of E-Rated Crypto Exchanges Surge 31.5% Interestingly, the aggregate monthly volume of E-rated crypto exchanges jumped 31.5% while the rest of the groups saw negative figures. Thus, volume...
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Crypto Exchange Poloniex to ‘Spin Out’ from Circle

Poloniex, one of the earliest crypto trading platforms that targeted the US market will ‘spin-out’ from Circle. Despite the efforts to build a fully compliant market, Poloniex is shutting its doors for US-based traders from November. Polo Digital Assets, Ltd. Created to Take Over Crypto Exchange Business Poloniex will spin-off in a separate company, Polo...
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Binance 125X Leverage Sparks Criticism From Community

Crypto exchange Binance announced that its recently launched futures trading platform would offer BTC/USDT contracts with up to 125:1 leverage. Use With Caution Starting from today, Binance Futures allows investors to trade with up to 125x margin and pick any leverage from 125:1 to 1:1 for BTC/USDT contracts. When using the highest possible leverage, a...
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Huobi To Start Tether Trading For ‘Important’ Turkey Lira By End Of 2019

Major cryptocurrency exchange Huobi plans to become the first international player to launch trading of Turkey’s Lira by 2020. Huobi: Lira is 5th Biggest Fiat On-Ramp In a press release issued on October 18, Huobi said the first step in its expansion into the Turkish market should go live by the end of the year. ...
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Binance CEO Eyes BNB Prospects After ETP Launch on SIX

Switzerland’s main stock exchange SIX has chosen to increase its cryptocurrency portfolio by trading a product based solely on Binance Coin. Binance Coin ETP Goes Live On SIX In a blog post issued on October 15, Binance Coin’s issuer, cryptocurrency exchange Binance confirmed it was launching a dedicated exchange-traded product (ETP) on SIX. Trading will...
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Bitcoin Miners Drove Price Volatility In 2018 Bear Market, Says New Data

Bitcoin miners are behind spikes in price volatility which saw the largest cryptocurrency hit $3100 in 2018, new data suggests. Miner Sell-Offs Preceded BTC Price Floor In fresh analysis uploaded to social media on October 11, on-chain intelligence resource Token Analyst revealed miners selling coins directly influenced the Bitcoin price. Specifically, large sell-offs coincided with...
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Bakkt Bitcoin Futures Volume Soars Almost 800% in One Day

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased...
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Binance Adds WeChat/Alipay On-ramps and P2P Bitcoin Trading In China

Binance yesterday announced the Chinese launch of its P2P trading service, with the slug-line, ‘anything that makes it easier to get crypto’. One thing it didn’t announce, but head honcho, CZ, later confirmed on Twitter, was the addition of fiat on-ramps via WeChat and Alipay. Easier to get crypto, indeed. Binance Focuses on China Market The launch of...
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QuadrigaCX Founder’s Widow to Compensate Exchange Hack Victims

Jennifer Robertson — the widow of late QuadrigaCX founder, Gerald ‘Gerry’ Cotten, has agreed to hand over assets belonging to the defunct bitcoin exchange in compensation of affected users. Liquidating Assets Belonging to QuadrigaCX Bitcoin Exchange According to CBC News, Robertson is set to hand over QuadrigaCX assets still in her possession to Ernst &...
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Uproar As Bitcoin Exchange Coinbase Pro Hikes Fees By Up To 233%

US Bitcoin exchange Coinbase has announced it will introduce new fees which will more than double usage costs for some low-volume traders. Low-Volume Traders Feel The Pinch In a blog post on October 3, officials confirmed that the new fee schedule would apply to all Coinbase Pro users from Monday next week.  Coinbase Pro is...
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Hong Kong Bitcoin Trading Breaks ATH Amid China Anniversary Protests

Hong Kong exchanged more fiat currency for Bitcoin than ever before last week, in the run-up to the tumultuous 70th anniversary of the Chinese state. Hong Kong: 7 Days, 173 bitcoins Data from monitoring resource Coin Dance, which tracks volumes on P2P exchanges, confirms that 12.3 million Hong Kong dollars (HKD) changed hands the week...
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Binance US Liquidity Surpasses Gemini Exchange After Just 9 Days

Binance US launched just over a week ago, but its liquidity is already above that of the Winklevoss Twin’s Gemini exchange. This fact was stressed by Binance CEO Changpeng Zhao (CZ). Binance US Liquidity Triples CZ cited data from cryptowat.ch to point out that Binance’s American branch saw its liquidity tripling in about a week....
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Regulators Must Have Died and Made Crypto Exchanges King

The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and unless your Nouriel Roubini it’s hard not...
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Tron Investors Need to Worry About Binance’s TRX Death-Grip

Binance appears to be using its TRX stockpile to vote for itself as a TRON Super Representative and then scoop up the majority of the TRON block rewards. The TRONSCAN website reveals the No.1 TRON Super Representative (SR) to be Binance’s recently launched staking address. After launching mere days ago, the Binance address has already...
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$350 Million Bithumb Acquisition Deal Not Happening

The acquisition of South Korean bitcoin exchange Bithumb by BK Consortium has been scrapped. Bithumb Sale Hits Rocks Over Missed Payment Deadlines South Korean media outlet Hanguk Kyungjae says the proposed acquisition of Bithumb by BK Consortium may no longer go through. Reports indicate that the Singaporean entity led by a plastic surgeon and crypto...
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Upbit Plans Massive Changes to Crypto Offerings

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...
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Disappointing Binance US and Bakkt Launches Have Something in Common

Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes. Binance...
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Bitfinex Wins Another Stay In NYAG Tether Funding Court Case

Cryptocurrency exchange, Bitfinex, has won a reprieve in its ongoing Supreme Court case with the New York Attorney General (NYAG). The motion, approved yesterday, means that the company will not immediately have to present documents regarding alleged funding by Tether. Temporary Stay Pending Appeal To Dismiss Had the decision not gone Bitfinex’s way, it would...
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Bitcoin Price Plunge Came From $1.2B Sell, Data Says Amid Hashrate Row

A giant Bitcoin transaction – possibly a sell-off – caused Bitcoin to drop to lows of under $8000 on September 24. Byte Tree: Exchange Triggered ‘Short Term Panic’ That was the conclusion of monitoring resource Byte Tree, which provided fresh data for the past 24 hours’ trading activity on Wednesday.  The theory offers a new...
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Japan: Monex To Pay Bitcoin Dividend To Shareholders With Coincheck Account

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...
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OKEx and Blockchain Transparency Institute Spar Over Alleged Wash Trading

Accusations of wash trading from the Blockchain Transparency Institute (BTI) have prompted OKEx’s CEO to challenge BTI to a wager, which has opened up an entirely new can of worms. Wash trading, a form of market manipulation, is often used to create artificial marketplace activity to draw in more investors. Last week, a report from...
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Owner of Fledgling Crypto Exchange to Reward Shareholders With Bitcoin

Coincheck’s parent company Monex Group has voted to grant crypto to shareholders as a mid-term benefit in addition to regular redeemable points. In a statement, the Japanese online brokerage firm indicated that for fiscal year 2019, shareholders will receive bitcoin as a mid-term benefit. Monex Group will reward its shareholders with bitcoin. | Source: monexgroup.jp...
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‘Liquidity Is King!’ BitMEX Volumes Beat Bakkt Bitcoin Futures By 375,000%

Bitcoin trading platform BitMEX has gained unlikely positive publicity from the launch of Bitcoin futures by its rival Bakkt. BitMEX In Driving Seat For Bitcoin Liquidity According to fresh data from the company, 24-hour volumes on September 23 hit 270,000 BTC ($2.6 billion) – while Bakkt’s was just 71 BTC ($690,000). The giant gap in...
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These are the 17 Crypto Assets, Telegram Included, Coinbase Wants to List

About 17 new crypto assets could soon be listed on Coinbase depending on how the technical and compliance review goes. Among the cryptocurrencies that Coinbase is considering for listing include coins that are yet to launch such as Gram that is fronted by messaging platform Telegram and Chia which was founded by the creator of...
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Tom Lee: Bakkt Brings the Legitimacy Bitcoin’s Always Craved

Bitcoin aficionado and Fundstrat cofounder Tom Lee says he’s more bullish on the crypto sector than ever, remarking that Bakkt’s imminent launch could bring some much-needed legitimacy to the market. Lee tweeted that Bakkt’s launch should bode well for the highly-lauded hopes of institutional involvement in the cryptocurrency industry. Tom Lee looks forward to the...
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Bitcoin Liquidations: BitMEX, Binance Bosses Duke It Out On Twitter

Cryptocurrency exchange Binance has sparked the wrath of BitMEX, one of its biggest competitors after claiming to have invented an essential bitcoin trading tool.  Hayes to CZ: Attend My Bitcoin Derivatives Trading 101 In a Twitter debate which continues to play out, Changpeng Zhao, known as CZ in cryptocurrency circles went head to head with...
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