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Tag Archives: Exchange News

e-Toro Is Looking to Possibly Limit How Much BTC You Can Buy

e-Toro – one of the world’s largest cryptocurrency trading platforms – has put out a notice to its customers warning them that the company may be instilling various limits on purchase orders in the coming weeks.e-Toro: We May Have to Implement Buying LimitsThe announcement came in response to what the company calls an unprecedented demand for bitcoin and cryptocurrencies. With the recent spikes experienced by bitcoin (the asset is currently up to $36,000, about 300 percent higher than where...

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Another Bruise for Ripple as Grayscale Customers Say Goodbye to XRP Trust

Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC).Ripple Is Losing Out AgainThe financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first...

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Early Mt. Gox Creditors Are Now Entitled to “Justice” Payments

It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan.Mt. Gox Victims Can Now Get Their MoneyHowever, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing.Mt. Gox is widely considered one of the worst...

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Whale Activity Has Caused Bitcoin to Reach $40,000 Again

The bitcoin price has hit $40,000 for the second time this month. While technically the asset had done so during yesterday’s early morning hours, the currency ultimately underwent a bit of a correction later in the day that brought it down into the $39,000 range.Bitcoin Strikes the $40K AnvilNow, however, bitcoin has hit $40K again and it looks like it’s aiming to stay there. In just the last 12 months alone, the bitcoin price has managed to grow by a whopping 400 percent.Many analysts have...

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Bitcoin Hits $40,000; How Much Bigger Will It Get?

Bitcoin has hit another all-time high. The currency – which just yesterday was trading for around $35,000 per unit – has added another $4,000 to its price and is now trading for around $39,000. This, ultimately, is a slight pullback from where the currency was during the early morning hours after it hit a whopping $40,000 per unit for the first time in its short yet significant history.Bitcoin Has Surged Again!The surge came with a few repercussions such as Coinbase crashing for the umpteenth...

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Coinbase to Cease Ripple Trading By Mid-January

Following news that the Securities and Exchange Commission (SEC) is looking to sue Ripple for selling unregistered securities, crypto exchanges such as Coinbase in the United States have announced that they will soon drop XRP from their lists of offered digital assets and halt trading beginning early 2021.Coinbase Says “No” To RippleCoinbase has stated that all XRP trades will be suspended as of January 19 of this year. The good news is that customers of the exchange will not lose access to...

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Coin DCX Has Made a Lot of Money Since the Beginning of the Year

Cryptocurrency exchange Coin DCX has managed to put away roughly $20 million since the start of the pandemic. The company recently completed a Series B funding round in which it garnered as much as $13.9 million, though this was the third funding round it engaged in during 2020. Companies such as Block.one, Coinbase, DG and Jump Capital were all happy to take part.Coin DCX Is Growing Like MadInitially, the company sought to raise roughly $3 million back in March when the coronavirus pandemic...

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Italy Experiences Its Biggest Case of Digital Asset Fraud

An unnamed individual in Rome, Italy has been accused of one of the largest cryptocurrency fraud schemes ever recorded in the space’s short, yet significant history. As it stands, police investigators are only claiming that the man allegedly responsible possesses the initials “F.F.” and that he is roughly 34 years of age. Not much else is known about him at press time.Italy Is at the Center of a Crypto Fraud InvestigationThe fraud is reported to have occurred last year in 2019. It happened...

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UK Crypto Trading Platform EXMO Compromised; Executives Vow Investigation

It’s happened again, folks. Another cryptocurrency exchange hack is in the books. This time, the victim is EXMO based in the United Kingdom. At the time of writing, roughly five percent of the platform’s assets have disappeared.EXMO Has Been HackedEXMO reported earlier in the week that several of its hot wallets had been compromised by thieves. This is consistent in the crypto space and it has been reported time and time again that hot wallets do not possess the security and strength of cold...

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Coinbase Is Going Public While Brian Armstrong Expresses Concerns About BTC Trading

Coinbase is filing an IPO (initial public offering). The largest cryptocurrency exchange in the United States has decided to go public right as bitcoin is hitting a new high of roughly $22,700 at the time of writing prompted by growing institutional investor interest.Coinbase Is Hitting the Big TimeThe company has filed the appropriate paperwork with the Securities and Exchange Commission (SEC). The governing agency is now engaged in reviewing the documents to ensure all is in order before...

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