Archive | exchange

Coinbase CEO Brian Armstrong “Enjoying” Low Bitcoin Prices

The CEO of prominent cryptocurrency exchange platform Coinbase, Brian Armstrong, shared a series of posts on Twitter Tuesday promoting the positive benefits of extended periods of low Bitcoin prices. Armstrong focused on three cycles of Bitcoin prices from 2013, 2014, and 2017, commenting that the up and down momentum of Bitcoin is normal for the cryptocurrency. […]

Speculation Rife as Bithumb Situation Develops, Market Recovers

The Bithumb situation has quickly developed over the past 24 hours, resulting in rampant speculation about what exactly happened. Bithumb ‘Suspiciously’ Deletes Original Tweet News of yesterday’s hack quickly broke on Bithumb‘s official Twitter account, but oddly enough, Bithumb deleted the original message after only a few hours. The original message stated that all deposits… […]

London’s First Crypto Sculpture Provokes Mixed Responses

The UK’s first cryptocurrency public sculpture is being unveiled in London this week, according to Cision PR Newswire. The temporary installation known as ‘Crypto Connection’ sculpted by artist Federico Clapis has been commissioned by the multi-currency crypto wallet and hybrid exchange Eidoo. The piece stands three meters high and is sculpted in bronze, showing a […]

Gibraltar Stock Exchange Subsidiary Seeks Regulated Blockchain Exchange

A subsidiary of the Gibraltar Stock Exchange (GSX) is aiming to become one of the first licensed and regulated crypto exchanges operated by an EU stock exchange. The company, the Gibraltar Blockchain Exchange (GBX), has reportedly introduced 300 retail account holders to its platform as part of its launch. The company has suggested that in […]

Australian Bitcoin Billionaire’s Missing Wife’s Last Words: “Feed the Dog”

The Mail Online reported that the wife of an international Bitcoin entrepreneur has gone missing in Sydney, Australia, baffling local police. Three months ago, 48-year-old Madeline Biggaton’s last message to her husband was simply “feed the dog” before driving away from her home in the south of Sydney. After dropping off her daughter at a […]

Korean Exchange Bithumb Loses $31M in Hack, Halts All Withdrawals

Bithumb announced on 20 June 2018 that it was hacked overnight, resulting in the loss of KRW 35 billion (USD 31 million) of cryptocurrency. For the time being, all cryptocurrency and fiat withdrawals are frozen, and Bithumb urges customers not to deposit any cryptocurrency since all of Bithumb’s digital assets have been moved into cold […]

Breaking News: Bithumb Hacked For $30 Million In Cryptocurrencies, Market Drops

Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due to a change in wallets with their exchange… […]

Japanese Exchange Association to Ban Insider Trading and Anonymous Coins

Japan’s Virtual Currency Exchange Association (JVCEA) is set to announce new laws on insider trading next week, reports the Nikkei Asian Review. The chairman and president of the organization is Taizen Okuyama of Money Partners. Bitflyer CEO Yuzo Kano is the vice chairman, along with Bitbank president Noriyuki Hiroeno. The other two directors are SBI […]

Binance CEO Accuses Crypto Exchanges of Inflating Volume Statistics

In an interview with Cointelegraph, Binance CEO Changpeng Zhao discussed how some cryptocurrency exchanges are engaging in manipulation of their volume statistics to give traders the impression they have more liquidity and are more popular than they really are. This question was asked to Changpeng Zhao in response to a recent study that found evidence […]

Coinbase Launches Cryptocurrency Index Fund

Coinbase has launched the Coinbase Index Fund, a market-weighted composition of all the cryptocurrencies traded on Coinbase’s GDAX exchange. This is the cryptocurrency equivalent to stock market index funds like the Dow Jones Industrial Average, S&P 500, and NASDAQ. At the time of this writing, Bitcoin comprised 61.47% of the index, Ethereum 27.17%, Bitcoin Cash […]

Digital Jersey and Binance to Establish Crypto Exchange

Digital Jersey, the economic development agency representing Jersey’s digital industries, is to corporate with giant blockchain exchange Binance, signing a memorandum of understanding (MoU) with a view to the two firms developing a compliance base and cryptocurrency exchange on the island. The world’s largest cryptocurrency exchange is planning to set up the first Sterling to crypto exchange […]

Coinbase UK CEO: Crypto is a ‘Global Revolution’

Coinbase U.K. CEO Zeeshan Feroz said that the announcement of Ethereum Classic was more successful than Bitcoin Cash at the CryptoCompare MJAC 2018 conference today. He also spoke on the use of mobile payment networks to bring financial services to the unbanked, criticized the current financial payments system, and gave a roadmap to achieve widespread… […]

Moody’s, Fitch, S&P: Bitcoin Futures Considered Risky

The top three credit rating agencies, S&P, Moody’s and Fitch, said they consider Bitcoins future exchanges to be risky business, and that banks which clear Bitcoin futures contracts could have their credit rating downgraded if Bitcoin futures trading volume continues to grow. The credit rating agencies assign letter grades to banks, corporations, and governments to […]