Tag Archives: Exchange News

It looks like trouble surrounding the once popular cryptocurrency exchange BitMEX has reached an entirely new level.The Trouble Surrounding BitMEX Has Gotten LargerThe world was shocked last week when it was announced that the founders and executives behind the Seychelles-based cryptocurrency trading platform were being indicted following charges of money laundering and other financial fraud. As it turns out, this really rung a negative bell with customers (surprise, surprise) and many have...

2020 has been a big year for bitcoin in many ways. It made people finally realize just how strong the asset can be considering it survived the drops it incurred thanks to the COVID spread. People began to view it as a “safe haven” asset that could potentially be utilized to keep one’s wealth stable during inflation and times of economic strife. 2020 also introduced us to the concept of yield farming, which is a new bitcoin-based “pastime” that is really taking the world by storm with its...

Not long ago, Live Bitcoin News reported that the top U.S. cryptocurrency exchange Coinbase put out a notice saying that it was revamping its employment techniques and strategies.Are People Not Happy with Coinbase?In a blog post, CEO Brian Armstrong mentioned to readers that the company would not be openly supporting social activism or political causes, claiming that there was a time and a place for these sorts of things. Instead, the company was going to focus on putting out the best...

Criminal charges have been filed against the owners of BitMEX, arguably one of the largest and most popular cryptocurrency exchanges in the world. The company has been accused of engaging in illegal transaction activity and of money laundering.BitMEX Owners Experience IndictmentsBitMEX chief executive Arthur Hayes was formally charged on Thursday by prosecutors in the greater metropolitan area of New York City. In addition, three of the platform’s other owners – including Benjamin Delo,...

Bitstamp – one of the world’s largest and most popular cryptocurrency exchanges – has published a new report with the help of a firm known as Byte Tree that details the value drivers behind bitcoin.Bitstamp Discusses BTC Value Drivers in New ReportAs we all know by now, bitcoin’s popularity is heading for the mountains. It’s getting higher every day, and needs a new peak to sit atop to ensure it’s head doesn’t scrape the ceiling, but what are the factors that are driving bitcoin’s growth? We...

If anyone is interested in starting their own major crypto company somewhere, they should probably look at how Coinbase operates. The exchange is one of the largest trading platforms in the United States, and while that’s certainly important, the company appears to have its head on straight when it comes to all the distractions of the outside world.Brian Armstrong States How Coinbase Will Move in the FutureIn a blog post published on Sunday by CEO Brian Armstrong, Coinbase mentioned that it...

When it comes to money laundering and illicit behavior, bitcoin is still getting a bad rap, though according to Changpeng Zhao – the CEO of cryptocurrency exchange Binance, arguably the largest and most popular exchange in the world – this isn’t always warranted.Changpeng Zhao: BTC’s Reputation Is Still SufferingIn a recent interview, Zhao explained that money laundering is indeed dangerous, though while it’s widely associated with bitcoin, the asset itself doesn’t pose a danger to society...

It’s happened again, folks. Another innocent, unsuspecting cryptocurrency exchange has fallen victim to hackers and lost millions in digital funds. This time, the target was Ku Coin in Singapore, one of Asia’s most popular crypto trading platforms, and the total taken exceeds $150 million.Ku Coin Was Hit HardThe exchange made the following announcement on its website:We detected some large withdrawals since September 26, 2020. According to the latest internal security audit report, part of...

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. This time, however, regulators are looking to do more than just ban regular banks and financial firms from doing business with crypto enterprises. They’re looking to ensure nobody – and we mean nobody – can ever trade, buy or sell digital currency units again.India Is Turning to DeFi for Its Crypto NeedsThey’re talking about an entire bitcoin ban. At the time of writing,...

FinTech startup Wealth Simple (based in Toronto, Canada) has initiated its own cryptocurrency trading platform for those looking to potentially trade both bitcoin and Ethereum.Wealth Simple Introduces a Crypto Trading SystemThe company’s claim to fame thus far is that all trades are commission free, meaning that customers will not pay any additional fees while engaging in trades. While the exchange was developed several months ago, it has existed up until this time only in private beta mode....