Tag Archives: Exchange News

Binance – the world’s largest and most prominent cryptocurrency exchange by market cap – has been experiencing a few problems over the past few days. It looks like one customer’s trading activities is responsible for sending the price of certain bitcoin futures up into the $100K range.Binance Deals with a Naughty CustomerBinance chief executive Changpeng Zhao explained in a tweet:Another day in crypto. A user’s [algorithm] went ballistic and sent multiple orders to achieve this.The good news...

It’s happened again, folks. Another cryptocurrency trading platform has been compromised by unseen malicious actors. This time, the victim is 2gether, a European crypto exchange that allows people to sell, buy and trade bitcoin and other digital currencies without incurring additional fees.2gether Is the Latest Exchange to Be CompromisedThe hackers made off with more than one million pounds-worth of digital assets. 2gether’s native coin, known as the 2GT token, was set to be released to the...

Cryptocurrency exchange Bitfinex is looking for a little help in recovering more than $1 billion in stolen bitcoin funds.Bitfinex: We Need Your Assistance!The company saw more than $1.3 billion in crypto mysteriously vanish from its platform in the year 2016. After four long years, the exchange is no closer to recovering the funds. Executives are hoping someone involved in the theft or someone with knowledge of the incident will come forward and lending a hand. Those that do will be privy to...

Diginex is establishing a new cryptocurrency trading platform in Singapore, which has become a recent hubbub of crypto activity in the last few years.Singapore Has a Growing Crypto MarketAt the time of writing, the platform is exempt from necessary licensing procedures, meaning it can operate without having all its paperwork in order. In addition, the company is planning a Nasdaq listing in the coming weeks, so traders should be on the lookout if they are also intrigued by more traditional...

Thailand is a growing cryptocurrency hub. The country has just approved six new cryptocurrency exchange licenses to permit the further growth of digital trading within the nation’s borders.Thailand Is the New Home of Crypto LoversAsian regions have long been huge cryptocurrency advocates. Despite a lengthy period of debate over whether to ban bitcoin and crypto mining, China eventually gave in and permitted the practice, citing that it’s effects on the environment were not as strong or as...

Peer-to-peer (P2P) trading platform Paxful says that Russians are growing very weary of the coronavirus pandemic and that they are regularly turning to bitcoin as a means of keeping themselves safe and their wealth hedged against weakening economic conditions.Paxful Has Seen a Surge in Russian Trading ActivityThe pandemic has had some nasty effects on global markets around the world. The United States, for example, has released $1,200 stimulus checks to all citizens making less than $75,000...

The founder and chief executive of Galaxy Digital Michael Novogratz said in an interview recently that he fully expects the price of bitcoin to reach $20,000 by the end of the year. This would place the world’s number one cryptocurrency by market cap at its all-time high again, which it previously attained three years ago in 2017.Mike Novogratz: BTC Will Be at $20K Again SoonThe bitcoin price has been surging as of late. At the time of writing, bitcoin is trading for over $11,200, and...

The recent stimulus plan brought forth by the United States has garnered some mixed reactions, but according to Tyler Winklevoss – co-founder of the Gemini Exchange in New York – the move has brought about the prime environment for bitcoin buyers.Tyler Winklevoss: Bitcoin Is Looking Pretty Good Right NowAt press time, bitcoin is just over $9,500, which is a slight drop from where it stood just yesterday. Still, the currency has been on the rise over the past 72 hours ever since it was...

It looks like Coinbase CEO Brian Armstrong isn’t a huge fan of the stimulus checks that went out in May.Armstrong: Printing Money Doesn’t Solve AnythingTwo to three months ago, the United States government began issuing checks of approximately $1,200 to individuals who made less than $75,000 a year. The money was designed to assist citizens during the coronavirus pandemic and give them a little financial boost during what is turning out to be an excruciatingly long period of strife, as many...

It’s been about a week since the incident occurred, and yet news outlets still can’t seem to get enough of the Twitter bitcoin hack that took place last Wednesday.The Twitter BTC Hack Just Gets Bigger and BiggerThe incident is one of the most profound and notorious in bitcoin’s short, yet significant history. Several high-profile Twitter accounts belonging to politicians, celebrities and musicians such as Bill Gates, Barack Obama, Joe Biden, Kanye West and Elon Musk were hijacked by cyber...