Tag Archives: Exchange News

Jed McCaleb is the co-founder and CTO of Stellar, a top 20 cryptocurrency and primary competitor to bitcoin. In a recent interview, McCaleb explains how he got his start in the crypto industry, and what it was about the space that attracted him.MCCaleb: I was Interested in BTC Because It Was a DisruptorMcCaleb comments that he’s fond of crypto in that it works to defy and disrupt traditional finance, which he says doesn’t always work for everyone. Describing his feelings when he first found...

Crypto.com, a financial services provider based in Hong Kong, has launched a new cryptocurrency exchange that will allow people to sell, buy and trade up to nine different cryptocurrencies.Crypto.com Brings a Whole New Side to TradingThe Crypto.com platform has greatly expanded over the previous year. Customers can attach their digital wallets to Visa cards so they can quickly purchase crypto or add new coins to their stashes. The company also offers staking rewards, allowing people to earn...

SEBA, a cryptocurrency bank based in Switzerland, has announced that it is now authorized to handle both traditional fiat currency as well as digital money like bitcoin (BTC) and Ethereum (ETH).SEBA Offers Both Traditional Money and CryptoCustomers can open accounts with the bank as a means of storing both their traditional funds and their cryptocurrencies. Clients of SEBA typically rank as asset managers, private investors and corporate businesses.Switzerland is one of the most prominent...

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...