Tag Archives: Exchange News

Brian Armstrong is a man with a plan. From an early age, he showed a very entrepreneurial spirit in everything he did and he’s now exhibiting that same attitude, only on a much larger scale.Armstrong Is a Crypto PowerhouseAs the 37-year-old CEO of Coinbase – one of the largest and most popular cryptocurrency exchanges in the U.S. – Armstrong recalls a time when he wasn’t involved with digital assets, instead spending his time after university traveling and working remotely on an education...

Despite an enormous growth to a total market cap of over $300 billion, cryptocurrency is lagging behind when it comes to widespread adoption. Although decentralization and cryptocurrencies are slowly seeping into mainstream consciousness, most people don’t see them as an alternative to fiat.This is partly due to the fact that the process of obtaining cryptocurrency is still difficult. Typically, the options to buy crypto are limited, unless people are willing to register at an exchange and...

Surojit Chatterjee, a former executive with Google, is being welcomed to the Coinbase team as the new chief product officer.Chatterjee – the Newest Member of the Coinbase FamilyIn a blog post, Chatterjee expressed his excitement over his new role and working with the crypto exchange, writing:I am excited about what crypto and blockchain technology can do to democratize our financial systems. I believe cryptocurrencies and blockchain technology can help open up the financial system for...

A businessman in Arizona named Reginald Fowler, who was slated to plead guilty for potentially lying to banks so he could open virtual currency trading branches, has said “no” to his current plea deal.Fowler Is Heading to CourtFowler once held a minority stake in the National Football League’s Minnesota Vikings. He has been accused of running an unlicensed money-transmitting business that would have potentially allowed users to sell, trade and purchase digital currencies. Initially, Fowler...

When are all these cryptocurrency hacks and interferences going to stop?Hacks Are Not Going Away Anytime SoonIt’s a question that’s probably on every enthusiast’s mind. How can crypto gain mainstream or legitimate status if malicious actors continue to dominate the space? It’s not fair, it’s not right, and thus far, it’s not stoppable.This is the bottom line that has every trader worried. Crypto hacks, for the most part, appear unbeatable to one extent or another. Despite the advancements...

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...