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Tag Archives: Exchange News

Crypto Pool Enterprise Poolin Is Halting All Withdrawals

As volatility in the crypto market continues, another company has decided to halt all withdrawals as a means of retaining and controlling liquidity. This time, the firm in question is a crypto mining pool provider known as Poolin, and none of the firm’s customers can gain access to their money. Poolin Is Preventing Customers from Accessing Their Money The maneuver has got a lot of crypto traders and analysts worried given that these kinds of steps only lead to more...

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Binance to Remove Fees for Some Ethereum Transactions

Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum. Binance Says It’s Eliminated Fees for Some ETH-Based Transactions The goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months....

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Crypto Exchange Rain Lays Off Many Staff Members

Another digital currency exchange has let a bunch of its employees go. In an age of layoffs, it’s only natural that such a trend would continue so long as the crypto winter remained in full force. Right now, it appears the latest firm to say goodbye to several members of its staff is Rain, a digital currency trading platform based in the Middle East. Rain Says Goodbye to Many Employees Founded in 2017, the company is licensed by the Central Bank of Bahrain and provides...

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Crypto.com Has Made a $10 Million Mistake

So much for fortune favoring the brave. Crypto.com – one of the largest and most well-known digital currency trading platforms in the world – has made a multi-million-dollar mistake by sending piles of money to a lone recipient… And then not noticing for several months. Crypto.com Has Sent a Lot of Money Out By Mistake More than $10 million in digital currency funds were sent by Crypto.com to Melbourne native Thevamanogari Manivel. The clincher is that the company only...

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Regulators Press Crypto Exchanges for Details on Customer Protections

A panel of House members in the United States Congress is pressing cryptocurrency leaders to discuss what they’re planning to do to protect potential crypto investors from falling victim to fraud and scams. How Can Crypto Keep People Safe? One of the big problems associated with running an unregulated industry like crypto is the fact that there are virtually no rules, and there are practically no governing bodies that can get in the way of things going wrong or people...

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Thodex Crypto Exchange Founder Arrested in Europe

Faruk Fatih Ozer – the alleged founder of Turkish cryptocurrency exchange Thodex – has been arrested in the European nation of Albania and is now on the verge of being sent back to Turkey where he will face trial for reportedly making off with all the digital assets invested by his company’s clients. The Founder of Thodex Is Heading Back to Turkey Crypto crime involving exchanges has become a big deal in recent years given how unregulated the digital currency space truly...

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Singapore Wants to Introduce New Laws Restricting Retail Crypto Trades

Singapore says it’s considering introducing new laws that will make it much harder for crypto retail investors to trade digital assets during this time. The nation’s regulators say they are truly concerned about the ongoing risks involved with virtual money. Singapore Is Worried About Crypto Trading Singapore has stated that many people getting involved in crypto are simply doing so because they are experiencing fear of missing out or “FOMO.” Regulators say people are...

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Brian Armstrong on the Future of Coinbase

Brian Armstrong – the CEO of Coinbase – has issued a statement on the current position of bitcoin and crypto in general that’s got quite a few people worried. He said that he cannot predict what’s going to happen in the coming future, and he has also warned that virtually anything could happen. So, what does that mean? Coinbase Has Been Moving Up and Down The state of the crypto market isn’t doing well as of late. Despite a recent bull run in the later weeks of August,...

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Is Celsius Not Being Open Enough About Its Financial Situation?

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough. Is Celsius Trying to Hide Something? Right now, Hodder is saying that the company and its CEO Alex Mashinsky have not been fully clear or honest about what kind of creditors are owed money, nor have they gone into detail about how much is owed. She...

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The Kraken Story: An Exchange to Offset Mt. Gox

Kraken – a popular cryptocurrency exchange founded in 2011 by Jesse Powell – has recently offered its books to auditors to show them the company has heavy reserves of BTC, ETH, and Tether on file. Kraken Has Tried to Do a Lot of Good Kraken was founded in San Francisco, CA, which appears to be the ultimate hosting grounds for many crypto businesses considering this is long where Coinbase was stationed before deciding it was going to operate on a fully remote business...

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