Tag Archives: Exchange News

Mercado Bitcoin – which means “Bitcoin Market” in English – is a Latin American cryptocurrency trading platform based in Brazil. Through a Series B funding round, the company managed to garner a whopping $200 million in additional funds through the SoftBank Latin America Fund, suggesting the growing presence of bitcoin and cryptocurrency in Latin American regions. Mercado Bitcoin Is at the Top of Its Game At the time of writing, the parent company of Mercado Bitcoin –...

Not long ago, the largest crypto heist in history was recorded. Africrypt, an exchange stationed on the continent of Africa, saw as much as $3.6 billion in crypto funds vanish without a trace. Africrypt Owners End Their Lawyers’ Services While at first the platform appeared to be the victim of a hack, things took a unique and ugly turn when the brothers that ran the exchange – Ameer and Raees Cajee – told their customers not to report the incident to law enforcement, as...

A division of Binance has been banned in the United Kingdom. Regulators from within the country are no longer permitting a sector of one of the world’s biggest and most popular cryptocurrency exchanges to provide services to residents of the UK as they work out regulatory guidelines for the crypto space. Binance Markets Limited Is No Longer Working in the UK While Binance.com is still accessible to traders in the country, they will no longer be able to garner services...

The Chicago Mercantile Exchange (CME) has hit a new peak. Just one month after launching its new bitcoin micro futures, the company has seen approximately one million of these contracts traded, suggesting that institutional investing in the bitcoin space has not died down since the currency began experiencing heavy losses from its mid-April high. The CME Has Struck a Top Chord CME put out the following message on Twitter: Today, we announced a new milestone for micro...

It has happened again, folks. Another big crypto-related crime has been added to the books, and this time, the lost figures are more than what could have ever been anticipated. Two brothers that opened a crypto exchange in Africa known as Africrypt have made off with more than three and a half billion dollars in customers’ digital money. Africrypt May Be the Biggest Crypto Theft in History The brothers – known as Ameer Cajee and Raees Cajee – founded the cryptocurrency...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – and Jesse Powell – the CEO of popular cryptocurrency exchange Kraken – are duking it out on Twitter, and the bitcoin price is taking it hard. Elon Musk and Jesse Powell Go Head to Head The fight began when Powell called out Musk over recent comments regarding the bitcoin mining process. Elon Musk had originally stated a few months ago that he would permit bitcoin...

Popular cryptocurrency exchange Coinbase is setting up an office in New York. Coinbase Is Opening an Office in New York Based in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of...

Leading crypto exchange Coinbase has partnered with a 401(k)-plan provider known as For Us All to give its employees the chance to use their retirement funds to invest in crypto. The idea is to ensure that all employees of the digital trading giant are not just working in the crypto industry but taking advantage of it as well and benefiting from all it offers. Coinbase Employees Can Now Take Advantage of Crypto Individuals will have the opportunity to invest as much as...

Crypto trading firm Coin Seed has decided to shut its doors for good following a lawsuit brought forth against it earlier in the year by New York Attorney General Letitia James. The company has been accused of fraudulent activity after moving customer funds without permission and for selling “worthless” tokens in what is alleged to have been a phony initial coin offering (ICO). Coin Seed Is Closing Down for Good In a statement, Del Davaasambuu – the CEO and co-founder of...

Cryptocurrency has never been looked at through a positive lens by India, and the Asian country has always had a certain sense of animosity towards it. Nevertheless, cryptocurrency exchanges and related firms have continually put their money into India, hoping that things will change in the coming future. India Is Getting a Lot of Financial Attention India really set itself up on the “crypto enemies” list back in early 2018 when it was announced that the country was...