Tag: cryptocurrency exchange

Despite the bitcoin price slump, quite a lot of positive news has been emanating from the blockchain-based virtual currency space since the beginning of 2018. In the latest development, London Block Exchange has teamed up ClearBank to make it easier for clients to buy and sell cryptocurrencies. A Crypto-Fiat Alliance According to Reuters, London Block Exchange (LBX), the first dedicated…

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Streamity team announced StreamDesk service launch dates and explained its future plans. There is little time left until the launch of Streamity project’s main service. In the run-up to this event Streamity team presented its alpha-version, which is accessible for testing to those people who want to check out service functionalities. StreamDesk is a decentralized platform for cryptocurrency exchange, which…

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A research study by a finance professor at the University of Texas John Griffin and co-author, graduate student Amin Shams, cleverly titled “Bitcoin Really Un-Tethered?” reveals the pioneer cryptocurrency’s price was artificially propped up at its peak in 2017 when it hit a record high of almost 20,000 USD. The authors suggest covert activities may have been used to inflate…

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The competition between cryptocurrency exchanges is intensifying. Industry players are introducing new features, faster liquidity, and even entering new demographics. The latest to make an aggressive push is Huobi, the world’s third-largest cryptocurrency exchange as per traded volume. HBUS Not a Direct Huobi Subsidiary As per an official blog, Huobi entered U.S. shores in June 2018, after a “strategic partnership”…

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Erik Voorhees, CEO of cryptocurrency exchange Shapeshift, called on finance industry regulators to embrace cryptocurrencies as a competition to the existing financial system, instead of viewing the asset class as a threat to be controlled.  “Most Regulation is Superfluous” In an interview with Bloomberg, Voorhees spoke on a range of issues within the cryptocurrency sector, including regulation, competition and the future…

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South Korean cryptocurrency exchange Coinrail lost approximately $40 million after hackers attacked the company on June 10, 2018. The Great Altcoin Hack Coinrail is a fairly small cryptocurrency exchange and is positioned at 89 in the world according to data collated from CoinMarketCap (CMC). Despite its size, TechCrunch noted that smaller exchanges have a significant number of coins which makes…

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Following the tax raid on Bithumb, South Korea’s largest cryptocurrency exchange in January 2018, officials from the National Tax Service of South Korea have stated that their tax investigation of Bithumb turned up “no illegal activities such as tax evasion.” The Gangnam Raid A team of over a dozen agents from the Seoul Metropolitan Taxation office raided Bithumb headquarters in Gangnam-gu,…

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The Canadian Securities Administrators (CSA) issued a warning note to investors on June 6, 2018, which called for caution when trading on cryptocurrency exchanges. Despite online exchanges claiming to be registered or verified, the CSA clarified that none of them were recognized officially in Canada. CSA Urges Caution The CSA is the authority on regulating securities in Canada. Its jurisdiction is…

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With bitcoin and most cryptocurrencies having witnessed a significant price rise since June 2017, it is clear that more and more investors are entering the digital currency market every day. For reference, the market capitalization of all cryptocurrencies increased from $40 billion in early 2017 to over $400 billion in May 2018. There are also now more than 1,600 cryptocurrencies…

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When considering which US cities are responsible for the most substantial investment in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, you might think that big cities such as New York, Los Angeles would be the principal representative of such financial endeavors.  Top Ten U.S. Cities with the Highest Crypto Holdings Per Person This assumption above, however, does not seem to…

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