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Synthetix Asset Issuance Platform Lose 37 Million sETH to Hackers

June 25, 2019 by Ogwu Osaemezu Emmanuel at Exchange, News

Synthetix, an Ethereum-powered synthetic asset issuance platform that claims to provide on-chain exposure to real-world assets like currencies, commodities, stocks and more, has suffered a massive oracle attack that has resulted in a loss of 37 million synthetic ether (sETH) tokens, according to The Block on June 24, 2019. Synthetix...

Quadriga CX CEO Spent User Funds on Margin Trades

June 21, 2019 by Ashwath Balakrishnan at Regulation

The Supreme Court of Nova Scotia has revealed that users' cryptocurrency funds were not maintained exclusively in Quadriga CX's cold and hot wallets, but also on other exchanges and platforms. The now deceased CEO, Gerald Cotton, also used these funds to margin trade in his accounts, as per a court...

Japan's Financial Regulator Discussing Caps on Crypto Margin Trading

Japan’s FSA Set to Approve Line’s BitMax Crypto Exchange

June 20, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Line Corporation, the firm in charge of Japan’s largest messaging app, Line Messenger, is set to be approved for its BitMax bitcoin exchange from the Financial Services Agency (FSA), reports Bloomberg on June 20, 2019. Line’s BitMax Awaits FSA Nod Per sources close to the matter, Line Corp is on...

BnkToTheFuture Acquires Altcoin.io to Build Securities Token Exchange

June 19, 2019 by Edoardo Vecchio at News

The decentralized exchange and peer-to-peer trading solution (DEX) Altcoin.io announced on June 15, 2019, that its technology has been acquired by the investment firm BnkToTheFuture. With this acquisition, the Hong-Kong based online platform aims to build a compliant platform for trading security tokens. Removing Middlemen on the Exchange Altcoin.io was...

Late Start? No Problem. Beaxy Crypto Exchange Sweeps up Top Features

June 11, 2019 by Liam J Kelly at Business

In a press release shared with BTCManager, Beaxy Digital LTD, a cryptocurrency exchange, launched their fully-regulated trading platform on June 11, 2019. The exchange boasts quick transaction speeds on 16 different crypto assets and looks to mimic traditional trading products from legacy finance. In partnering with OneMarketData, a data analytics...

Trust Wallet Is Now Binance’s Official Wallet

Trust Wallet Goes Live on Binance Decentralized Exchange (DEX)

June 5, 2019 by Ogwu Osaemezu Emmanuel at Exchange

Trust Wallet, the native multi-cryptocurrency wallet of the Binance ecosystem, has announced support for Binance decentralized exchange (DEX). It offers crypto traders a secure, convenient, and superfast trading experience on the go, according to a blog post on June 4, 2019. Trust Wallet Integrated into Binance DEX As stated in...

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OKCoin Expands Cryptocurrency Services to Europe; Opens Office in Malta

June 5, 2019 by Aisshwarya Tiwari at Business

In a Medium post published June 4, 2019, U.S.-based cryptocurrency exchange OKCoin announced its plans to expand its business to Europe. OKCoin Enters the European Crypto Space As part of its vision to make digital assets accessible to everyone across the globe, exchange platform OKCoin recently announced its expansion to...

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FBI Seeks for QuadrigaCX Victims to Aid Ongoing Investigation

June 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

According to a report by the Federal Bureau of Investigation (FBI) on June 3, 2019, it is conducting an ongoing investigation alongside the Internal Revenue Service Criminal Investigation (IRS-CI), the United States Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section...

Israel’s Supreme Court Finally Rules in Favor of Bits of Gold Exchange

June 4, 2019 by Ogwu Osaemezu Emmanuel at Regulation

The long-standing court battle between Bits of Gold, one of Israel’s pioneer bitcoin trading venues and Bank Leumi, the nation’s second-largest lender, has finally come to an end as the Israeli Supreme Court has ruled in favor of the cryptocurrency exchange. The conclusion mandates the bank to unfreeze the firm’s...

Is a True “Stablecoin” Cryptocurrency Possible?

Binance Starts Testing for GBP Backed Stablecoin

June 3, 2019 by Ashwath Balakrishnan at Altcoins

Crypto Twitter is running wild after users spotted Binance testing a stablecoin on, June 3, 2019. While the USD backs most stablecoins, Binance chose to peg its stablecoin to the GBP. Binance has developed a reputation as one of the more trustworthy exchanges, making their stablecoin launch all the more...

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