Tag Archives: Exchange News

African cryptocurrency exchange Yellow Card has garnered more than $15 million in Series A funding, making this the largest funding round for a digital currency trading platform situated on the continent. Yellow Card Gets a Lot of New Funds The money was raised with the help of Valar Ventures, Third Prime, and Castle Island Ventures. Companies like Square, Coinbase Ventures and Blockchain.com Ventures also contributed funds to the growing business. The company has its...

The Gemini Exchange in New York is looking to bring at least 200 new workers onto its team. The company is hiring rapidly after claims of excessive growth have been making headlines over the past few years. The Gemini Exchange Wants to Bring More People Onboard The Gemini Exchange is still a relatively new company, but its history is already rich and well known. The firm was started by the famed Winklevoss Twins, who got into a legal spat with Facebook founder Mark...

Amar Gautam has been involved in cryptocurrency for some time. As the CEO and founder of a firm known as Hyperlinq, Gautam seeks to consolidate multiple portfolios and provide standard financial tools to crypto traders, something that has long separated both divisions of finance. Amar Gautam Wants to Provide a One-Stop Shop for Crypto Traders Initially born in India, Gautam also received his education in the country, and majored in computer science while in school. He...

Portal – a layer two wallet system and cross-chain decentralized exchange centered around bitcoin – has received approximately $8.5 million in new funding from Coinbase, one of the world’s most popular digital currency platforms. Portal works to establish defi products using bitcoin that cannot be censored and enables private cryptocurrency trades. Portal Snags a Lot of Dough In addition to Coinbase, funds came by way of some of the biggest capital venture funds in the...

Just a day or so after announcing sanctions on crypto exchanges that engage in illicit transactions or the processing of ransomware payments, it looks like the U.S. Treasury Department is taking regulatory action against Suex, a crypto trading platform that has allegedly taken part in facilitating ransomware in the past. Suex Has Been Reprimanded According to the Treasury, ransomware is becoming a serious problem. Payments totaled more than $400 million last year alone,...

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...

Golden State Warriors guard Stephen Curry has joined forces with football legend Tom Brady to push the agenda of the new cryptocurrency exchange known as FTX. Both men are now serving as ambassadors to the company and will engage in a long-term relationship with the crypto platform. Stephen Curry Becomes a Crypto Ambassador In a statement, Curry explained: I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for...

The Securities and Exchange Commission (SEC) has issued Coinbase – one of the biggest and most popular digital currency exchanges in the world – with a Wells notice, meaning it plans to sue to the trading platform in court. Coinbase Is Under Legal Threat According to the letter, the SEC has taken issue with the company’s new Lend program, which allows crypto owners to lend out their cryptocurrency and earn interest on their assets. Several states have apparently said...

The ACE Exchange – based in Taiwan – has joined hands with several audit firms as a means of combating crypto money laundering and other illicit activity in the digital currency space. The ACE Exchange Is Stepping Up Protections One of the big problems that the crypto space is seeing as of late is the number of hackers and cyberthieves that want to walk through the door and steal money that isn’t theirs. Often, their schemes come in the form of exchange hacks that wind...

A new report from digital currency data site Crypto Head suggests that crypto fraud and theft is at an all-time high in the year 2021. There are more data breaches and infiltrations of exchanges and trading platforms occurring this year than at any other point in the history of cryptocurrency. Crypto Head: Digital Currency Theft Has Reached a New Peak This is to be expected in many ways given that the crypto space has risen to boast a valuation of more than $2 trillion....