Tag Archives: Exchange News

It seems like Ponzi schemes and fraud are a recurring event in the cryptocurrency space, and one exchange in South Korea known as Coin Up is the latest venture to allegedly try its hand at stealing people’s crypto.Coin Up: A Wolf In Sheep’s ClothingThe CEO of Coin Up, as well as several additional executives who worked with the company, have been found guilty in a Korean court of defrauding users out of nearly $385 million in digital currency funds. All those tried have been given sentences...

A new kind of bitcoin trading platform is making its way to the front of the crypto line. Developed by brothers David and Ed Sapper, the platform – known as Block Bid – works as a way of allowing people to utilize crypto the way they would cash on PayPal.Block Bid – The PayPal of Crypto?David, the company’s co-founder and chief operating officer, stated in an interview:It’s engrained in our heads that no matter what website we go to, no matter what we buy, if it’s a PayPal checkout bot on the...

The Royal Bank of Canada (RBC) is creating a new cryptocurrency platform.Cryptocurrency Trading By Way of Canada, Eh…The institution is not necessarily joining the ranks of countries like the United States and China, which are setting their sights on national digital currencies designed to track user performance. This is not a centralized platform, but one similar with everyday crypto exchanges like Coinbase and Binance. The platform being offered by the bank will provide traders with access...

Not long ago, it was reported that a user of the cryptocurrency trading platform Bitfinex was responsible for the manipulation that ultimately caused bitcoin to reach the $20,000 mark in December of 2017. However, the company is now rejecting this report, saying that it was built on false evidence and a “house of cards.”Bitfinex: The Report Is Not TrueThe report was co-authored by John Griffin, a University of Texas finance professor who issued a separate report last year first making claims...

A Canadian cryptocurrency trading platform known as Einstein Exchange is being invested by local law enforcement after it mysteriously shut down, leaving several customers unable to withdraw their funds.Einstein Disappears, Leaving Customers BehindAfter repeatedly emailing the exchange regarding why withdrawals were taking such an unusually long period of time, one user recalls receiving the following message:As you have been told several times by several team members, by constantly emailing...

Malta has become one of the world’s biggest crypto havens over the past few years, and now, things are about to take a whole new turn.Malta Is a Leading Crypto MaverickSeveral companies – 34, to be exact – that either operate in blockchain or cryptocurrency-based territory within Malta, have sent “letters of intent” to the country’s Financial Services Authority (the MFSA). These letters say they are requesting permission from the organization to continue their operations and further provide...

How many times must it be said? If you’re going to run a cryptocurrency exchange, you must make sure that you’re using top-rated security measures to keep everyone safe. This is what BitMEX, based in Seychelles, Africa, is learning right about now.BitMEX Under FireBitMEX was compromised over the weekend, leading to all its customers’ email addresses being exposed. The good news is that this is one of the few instances of a crypto exchange being compromised where money is not taken. That much...

A cryptocurrency exchange in Zimbabwe known as Golix is under fire after its CEO allegedly lost the private keys to the company wallet, thereby preventing customers from withdrawing their funds.What’s the Trouble with Golix?Twanda Kembo, the founder and primary executive of the Golix exchange, says he lost the password to the company’s cold storage unit in May of last year. Wow… So, it didn’t occur to you to inform your customers six months ago when this happened? You decide to wait until...

Recently, Live Bitcoin News reported that the president of Crypto Capital had been arrested for allegedly taking part in drug running and money laundering schemes. We also reported that further arrests were expected in the coming weeks. One of those arrests has now taken place.More Bad News for Crypto CapitalOz Yosef, a principal executive of the company, is charged with being the man responsible for the loss of roughly $850 million in crypto funds transferred to the company by Bitfinex, one...

Is it possible to create a cryptocurrency exchange that is in no way vulnerable to hackers? According to the creators of Nash, that’s exactly what’s been done.Nash: A New Kind of Trading Platform?New technology has emerged that makes bitcoin more programmable. Thus, traders do not need to hand over control of their assets until the final moments of a transaction. Nash, a new cryptocurrency trading platform, is utilizing this technology to ensure all its customers’ financial data and digital...