Tag Archives: Exchange News

Popular bitcoin exchange Local Bitcoin has been suspending users’ accounts.Local Bitcoin Is Acting UpMany have taken to social media to express their frustrations, while news outlets in the Middle East, Africa and Asia have also reported on the situation. It appears that these accounts belong to longtime users; people who have been serviced by the exchange for many years, and the closures are happening without any prior warnings.Have these customers violated the rules somehow? What could be...

BaseFEX, a crypto margin trading exchange that supports Perpetual Contracts up to 100X leverage, has cut its trading fees in more than half, now charging Taker as low as 0.03% compared to its previous 0.07% and 0.10%. With BaseFEX’s new fee structure, traders can typically save 45% trading fees than trading on BitMEX.The Taker’s new fee rate starts off at a universal 0.06% that applies to all of its existing trading pairs including BTCUSDT, BTCUSD, ETHXBT, LTCXBT,  BNBXBT, EOSUSDT and more....

A class-action suit against both Tether and cryptocurrency trading platform Bitfinex alleging that these parties manipulated the bitcoin price back in 2017 has been withdrawn.Tether and Bitfinex Are In a RutNote that this doesn’t mean the lawsuit has been dropped or taken out of commission. Rather, it was withdrawn and then resubmitted through a new plaintiff in an entirely different jurisdiction.Both companies have been under fire for some time when in 2018, University of Texas finance...

U.S. cryptocurrency exchange Poloniex has suffered a data leak and is enforcing a mandatory password change for all its users to prevent hackers from gaining access to their accounts.Poloniex Is Warning All Its UsersThis seems to happen a lot in the crypto world. Either it’s people’s money that’s vulnerable, or it’s their private data. Either way, it looks like Poloniex has put out a message to all its customers demanding that they change their passwords immediately to prevent cyberthieves...

Alexei Bilyuchenko – a computer programmer who was allegedly involved in the fall of the ill-fated cryptocurrency exchange Wex in 2018 – says he was tricked into handing over all the exchange’s assets and tokens to fraudsters, which set off the platform’s inherent collapse.Bilyuchenko Comes Forward with a Strange StoryAt the time of writing, it is believed that the exchange lost as much as half-a-billion in assorted crypto funds.Bilyuchenko shares ties with Alexander Vinnik, the reported...

Brian Armstrong – the CEO of Coinbase – has garnered a patent for a new product that will allow users to email bitcoin to each other.Coinbase Paves the Way for Emailing BTCThe patent was filed in March of 2015 but didn’t garner approval until now. Crazy how long it can take to get the green light on new developments, isn’t it? The product is built to make crypto payments through email addresses linked to various wallets. The sender initiates an order to send money to a specific email address...

Alexander Vinnik – a man accused of bitcoin fraud – will be extradited to France, according to the justice minister of Greece.Vinnik Will Face French LawmakersKonstantinos Tsiaras has recently signed an order requiring that the alleged Russian cryptocurrency scammer be sent to the country though at press time, no extradition date has been set.Vinnik has been accused of laundering billions of dollars in cryptocurrency funds. He was arrested in 2017 while on vacation in Greece per the request...

It’s always interesting to see things get reversed. Typically, one often witnesses figures in the financial space – i.e. Warren Buffett, etc. – touting blockchain while believing that crypto is the money of criminals and do-nothings. Nic Carter, on the other hand, believes the exact opposite.Carter Is Pro Crypto, Not BlockchainAs the founder of Castle Island Ventures – a venture capital firm – Carter explained in an interview that blockchain is consistently touted as the eight wonder of the...

Popular cryptocurrency exchange OKEx has launched a new options trading program for customers interested in digital currencies.OKEx Teaches How to Take Advantages of Price SwingsThe program is designed to help investors better understand issues such as hedge risks and volatility. They will also be trained on how best to take advantage of low prices so that they can add to their portfolios without delay.Volatility is a serious problem in the cryptocurrency space, but representatives of OKEx...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...