Binance, one of the world's most prominent cryptocurrency exchanges has been hacked. Media reports announced that hackers have stoled $40 million from the exchange. The stolen amount is equal to 7,000 Bitcoins. Not only did the hackers steal the staggering amount of the "people's currency", but they also stole API tokens and two-factor authentication codes.…
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Fear, uncertainty, and doubt, or “FUD” in crypto parlance, are powerful emotions that can cause a run on a bank, or, in the case of the beleaguered crypto exchange, Bitfinex, a run on exchange deposits. The weekend has passed since last Thursday evening’s shockwave that iFinex, Bitfinex, and Tether might have been engaged in an…
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ErisX, the Chicago-based crypto exchange, is in the final testing phase before launching its spot crypto trading product offering. The news is that it is also testing with a number of its strategic partners in order to finalize operating protocols before the big day. Since TD Ameritrade and a few other notables are known to…
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HBUS, the operator of the U.S.-based digital asset marketplace Huobi.com, has just announced its latest listing of Cardano (ADA) and Nebulas (NAS) with BTC, ETH, and USDT trading pairs. Deposits for Cardano and Nebulas will open on April 24, 2019 at 12:00am PST with trading and withdrawal set to commence on April 25, 2019 at…
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The Mt. Gox tragedy continues along its slow and dreary trail. Some 24,000 creditors are awaiting any kind of announcement that a possible distribution of recovered proceeds could occur in the not too distant future. The bankruptcy trustee has recovered $400 million by selling remaining Bitcoins during the 2017 to 2018 time period, but the…
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The largest US cryptocurrency exchange, Coinbase, is closing its Chicago office and scales down the development of its matching engine. The news comes from Fortune Magazine. The Chicago office of Coinbase was actually opened in 2018, as the company considered this to be a great move to tap into the city's great financial positioning, as…
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The long-anticipated launch of the Bakkt exchange has been delayed twice, with the latter part of 2019 now its expected inauguration, but the reasons for the current delay has escaped everyone in the crypto community because neither the management of the Bakkt exchange nor the folks over at the Commodity Futures Trading Commission (CFTC) have…
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After raising $300 million last October, Coinbase has been eager to put that capital to work. There have been acquisitions, but primarily the stellar crypto exchange has been expanding its global footprint across the world. The crypto exchange currently provides service to 42 countries, situated in North America and Europe, along with Australia and Singapore,…
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Another week… another report that reveals the dark underbelly of crypto exchanges and confirms the SEC’s worst nightmares about price manipulation in crypto exchange markets. The report this week, entitled “Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges”, comes to us by way of researchers at Cornell Tech. They focused primarily…
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eToro CEO Yoni Assia announced yesterday at Paris Blockchain Week the launch of eToroX’s crypto exchange and a range of financial instruments, including eight fiat-stablecoins. The exchange is managed by eToroX (eToro’s blockchain group) - one of the first companies that received regulatory approval back in December 2018 as a DLT provider by the Gibraltar…
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