Tag Archives: Exchange News

Coin Switch Kuber – a crypto asset platform centered on providing digital currency services within India – has garnered more than $250 million in Series C funding. Kuber in India Gets Dough from Coinbase and Many Other Investors The funding round was led by investors from Andreessen Horowitz (a16z). Other companies to get involved and provide money to the firm included Coinbase Ventures, Paradigm, Ribbit Capital, and Tiger Global. The firm is now officially valued at...

Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – was the victim of a hack. It appears roughly 6,000 customers were affected between the months of March and May of this year. Coinbase Compromised; Customers Lose a Lot of Dough These customers of Coinbase had money stolen by the hackers. They also had their personal information exposed, such as their IP addresses, their birthdates, social security numbers, and their account balances....

Crypto exchanges, up to this point, have largely been online. While prior to the COVID pandemic many had customer service teams you could call and speak to on the phone or through email, it seems as of late that it’s very difficult to get assistance from anyone, as many of these firms have ultimately done away with their call centers, and customers have complained left and right about how hard it is to get answers from an actual person. You Can Now Visit Certain Crypto...

The recent death punch to both bitcoin and its crypto counterparts by way of China has got the entire digital currency space in a grip of fear. Now, many crypto exchanges are beginning to drop Chinese customers as a means of avoiding trouble down the line. They are not accepting traders from China, nor are they allowing the Chinese customers they already have onboard to stick around much longer. China Is Hurting Its Crypto Traders China has been on a serious roll to...

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...