#Exchange News

Bitfinex Releases IEO Whitepaper, Claims $404 Million Net Profit in 2018

May 11, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Exchange

Under fire cryptocurrency exchange, Bitfinex, has released a whitepaper claiming they turned a $404 million net profit in 2018, as reported by Bloomberg on May 9, 2019. The information provided is not backed by evidence as the exchange only revealed select data from their financial statements. Bitfinex Addresses Insolvency Claims In...

Binance Bolsters Security Measures Following $40 Million Bitcoin Hack

May 11, 2019 by Mohammad Musharraf at Exchange, News

Binance CEO Chanpeng Zhao wrote in a blog, May 10, 2019, that they’re making significant changes to their security methods in the wake of the recent hack. Strengthening Defenses and Tracking Hackers On May 7, 2019, the largest cryptocurrency exchange Binance was hacked and a hefty amount of $40 million was...

Harsh Crypto Regulations Force Another Indian Exchange out of Business

May 10, 2019 by Mohammad Musharraf at Exchange, News

Indian crypto market faces another strong blow as Coinome exchange announced that it will be shutting down business from May 15, Quartz reported May 10, 2019. Third Major Crypto Business to Fall to Unfavorable Regulations The recent bill introduced by the Indian government that proposes a blanket ban on cryptocurrencies...

Binance Hackers Are Juggling the Stolen Bitcoin Between Multiple Wallets

May 10, 2019 by Mohammad Musharraf at Crime, Development, Exchange, News

Hackers who stole $40 million worth of bitcoin from Binance hot wallet are now juggling the stolen proceeds across multiple wallets by breaking them into smaller fragments, suggested a report from blockchain service company Coinfirm, May 08, 2019. Erasing the Trace of Stolen Bitcoins The disarray surrounding the year’s fourth...

Zebpay CEO: India Bitcoin Ban Fears Unfounded

May 9, 2019 by Anthonia Isichei at Bitcoin, Exchange, News, Regulation

Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...

Chi-X Kicks Against ASX’s Move to Replace CHESS with Blockchain

Australian Securities Exchange Opens Blockchain-based Customer Development Environment

May 8, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Exchange, Finance, News

On May 7, 2019, the Australian Securities Exchange (ASX), Australia's primary securities exchange, announced the opening of its Customer Development Environment (CDE), a blockchain-based equity clearing and settlement platform which can be used by its customers for interacting and experimenting. ASX Joins the DLT Bandwagon Per the announcement, ASX has...

Binance Hacked Laptop Red SKull and Bones

Binance Hacked, 7,000 BTC Stolen From Hot Wallet

May 8, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Cybersecurity, Exchange, News

Crypto hackers struck again as 7,000 BTC was stolen from Binance's hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. Binance's SAFU Breached Binance discovered a large scale...

Report: Over 60 Percent of Crypto Exchanges Have Zero Trading Volume

May 7, 2019 by Ogwu Osaemezu Emmanuel at Crime, Exchange, Finance, News

The Blockchain Transparency Institute (BTI), a platform dedicated to curbing the menace of data manipulation by Bitcoin trading venues, cryptocurrency exchanges and market participants in the cryptospace, has released its April 2019 market surveillance report. The document outlines the exchange space including fake trading volumes, wash trading and other shady...

CoinMarketCap Bitfinex Not allowed Bitcoin

Bitfinex Prices Are now Excluded from CoinMarketCap

May 6, 2019 by Ashwath Balakrishnan at Bitcoin, Exchange, News

After recent concerns regarding Bitfinex's liquidity and price premium, CoinMarketCap (CMC) has excluded the exchange's activity from their Bitcoin price, as reported by Finance Magnates on May 6, 2019. Bitfinex has traded at a $300 premium from the market for several months now. Twists and Turns for Bitfinex The Bitfinex...

Crypto Exchange Bitfinex Looks to Raise $1 Billion by Sale of Native “LEO” Token

May 6, 2019 by Aisshwarya Tiwari at Altcoins, Business, Exchange, News

On May 4, 2019, Dong Zhao, a stakeholder of Hong Kong-based cryptocurrency exchange Bitfinex, tweeted what is allegedly an excerpt of a whitepaper which sheds light on the exchange’s upcoming $1 billion initial exchange offer (IEO). Bitfinex Unfazed by Recent Accusations Recently, Bitfinex was in the news for reasons it...

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