Tag: exchange

Cryptopia Files for Bankruptcy Protection at U.S. Court

  • Grant Thornton, Cryptopia's assigned liquidator, announced it has applied for urgent interim relief in the Bankruptcy Court in the SDNY.
  • Arizona-based company, which holds Cryptopia user data, is terminating services with the defunct exchange and is requesting $2 million in compensation.

Robinhood Crypto Accessible for New York Residents

  • The Silicon Valley-based company received their BitLicense and money transmitter license in January 2019.
  • With the addition of New York, Robinhood Crypto is now operating in a total of 39 states.

South Korean Crypto Exchange Coinnest is Closing Down

  • A pop-up announcement was placed on the platform's official website, saying that as of Tuesday its services were closed, and membership services were suspended.
  • The notice further states that withdrawal fees and minimum withdrawal thresholds have been lowered by Coinnest in order to assist their users with the process.

Crypto Trading Platform Liquid Valued at Over $1 Billion After Funding Round

  • Liquid's Series C round was reportedly led by American investment firm IDG Capital, and saw participation from popular mining manufacturer Bitmain Technologies.
  • Liquid.com was launched by Quoine back in September, with the goal of providing users with access to a "worldwide network of cryptocurrency exchanges".

Crypto Exchange Bithumb Hacked Once Again

  • Cryptocurrency exchange Bithumb has lost around $19 million in a hack suspected to be an insider job, marking the second major hack the exchange has experienced in under a year.
  • According to crypto news outlet The Block Crypto, around 3 million EOS (worth close to $13 million), and around 20 million Ripple (worth about $6.2 million) were lost in the hack.

Voltaire Exchange Shuts Down

  • Seemingly out of nowhere, users of cryptocurrency exchange Voltaire received a sad notice today - the service is shutting down.
  • The Bitcoin Cash-focused exchange had a short-lived stint, having launched in late September, 2018.

CoinEx Announces Termination of Services in Mainland China

  • The ViaBTC-backed exchange, which once claimed the #1 spot in terms of trading volume, thanks to its clever incentive scheme, has been losing trading volume month after month for the past year.
  • While the exchange was able to sustain $100,000,000 daily volumes even after their CET-token-based incentive scheme was over, a number of events eventually brought it to its knees.

Canadian Court has Given QuadrigaCX a 45-Day Extension

  • The stay of proceedings, which were granted to the troubled exchange last month, was extended by the Canadian judge Michael Wood, with the next hearing scheduled for April 18.
  • The report by EY, released on March 1, identified six crypto cold wallets that were used to store Bitcoin (BTC), the currency most used on the platform. Apart from the $500,000 worth of BTC that were sent accidentally in early February, the wallets were empty.

The Binance Decentralized Crypto Exchange Testnet has Launched

  • According to an announcement from the company, their decentralized exchange is up for public testing, where users can create wallets, exchange tokens, or generally interact with the platforms interface.
  • The DEX is powered by a new blockchain, called Binance Chain, which aims to allow traders to participate as individual nodes and hold onto their private keys.

Crypto Exchange Makes Case for Ethereum Futures

  • A comment letter was submitted to the U.S. Commodity Futures Trading Commission (CFTC) by the Chicago-based exchange ErisX.
  • In their diagnosis of the Ethereum market, ErisX believes that the lack of regulatory clarity has hampered the participation of enterprises.