Tag: exchange

Coincheck is plotting a major comeback after its credibility and prospects were brought into question early in 2018. The Japanese cryptocurrency exchange has rebranded itself after a major security breach led to the loss of $500 million worth of NEM coins. In similar news, the world’s largest mining company Bitmain announced their colossal expansion plans into the US on May…

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The president and executives at HTS, a cryptocurrency exchange based in South Korea, were arrested this week for manipulating user funds and illegally reallocating the company’s holdings in cryptocurrencies like bitcoin and ether to the personal accounts of executives according to Korean publication TokenPost. Illegal Transfer of User Funds The police department of Southern Seoul and local financial authorities led…

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The U.S. Patent Office has awarded Winklevoss brothers’ Winklevoss IP a patent for a system to operate exchange-traded products (ETPs) for cryptocurrencies. The patent, granted by American authorities on May 08, 2018, could be the key to listing a crypto ETP on their exchange Gemini. About the Patent Records show that Winklevoss IP applied for a patent on December 19,…

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LIQNET, the new generation cryptocurrency exchange, is launching an open beta test and inviting traders to join it. Participants for the entire duration of the test will receive a discount on commission for transactions. Posting a review about LIQNET on thematic forums and social networks will extend the duration of the discount for up to six months from the end…

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Hong Kong-based cryptocurrency exchange KuCoin is putting underperforming altcoins on notice before delisting them. The move lets customers know the tokens have become too illiquid or their trading volumes have dropped below acceptable levels for continued listing on the exchange. Bolsters Transparency The action appears to be an effort to boost transparency on the popular altcoin exchange, and to give…

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CoinTouch has fallen foul of European legislation and been forced to close. Amid much debate in some quarters on whether General Data Protection Regulation (GDPR) legislation should apply in its current form to digital exchanges, CoinTouch has been forced to close its doors to traders due to GDPR concerns. Source: CoinTouch Paxful and LocalBitcoins are two major p2p platforms that…

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Japanese giant SBI Group is reported on April 26, 2018, to be scheduling the summer launch this year of its own cryptocurrency exchange. The exchange is apparently to be named “SBI Virtual Currencies” and will be a full-suite digital exchange. Japan Going Where Other Asian Nations Are Forbidden Business Insider Japan reported that Yoshitaka Kitao, the SBI Holdings president, confirmed…

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In recent years, the development of blockchain has continuously grown vigorously around the world. Blockchain technology catalyzed a tremendous growth in related industries in 2017. The popularity of this kind of disruptive technology is the prospective tendency of Fintech, typically marked by blockchain in China. Senior game and computer technology practitioners were scenting a shift in industry. That being blockchain…

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Coincheck, the cryptocurrency exchange platform has announced revenue of $490 million in Financial Year 2018. This is one of the first glimpses of the revenue earning a potential of a cryptocurrency enterprise in an industry where finances are usually kept secret. The cryptocurrency market had a stellar 2017 as indicated in the figures released by Monex Group, who acquired Coincheck…

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Mark Karpelès, the former CEO of the now-defunct Mt. Gox Bitcoin exchange has landed a new cryptocurrency job. London Trust Media, a U.S.-based corporation has hired Karpelès as its new Chief Technology Officer (CTO). The company, based in Denver, Colorado, is reported to be the most extensive virtual private network (VPN) service provider in the world. The news was confirmed…

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