Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshisâ€. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?†Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin […]

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul Strengthens Monitoring of Crypto Phishing Scams Rising market prices have […]

Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

The infamous meme-based cryptocurrency dogecoin is on the move again just before the upcoming Saturday Night Live episode featuring Elon Musk. While dogecoin is up 81% today a lot of cryptocurrency veterans have been warning newbies about the digital currency that was meant to be a joke. Meanwhile, others believe that dogecoin has a lot […]

South Korean Police Officers Banned From Buying Cryptocurrency

A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea to Penalize National Police Agency Officers Who Fail to Disclose Crypto Holdings Officers with […]

Coinbase Announces San Francisco HQ Shutdown by 2022

Coinbase, the most prolific U.S.-based cryptocurrency exchange, has announced it will close the doors of its former San Francisco HQ by 2022, in its push to go 100% remote. Earlier the company had announced its intention of ditching the traditional office-based model to decentralize its operations and instead impulse work from home politics as part […]

Coinbase Announces San Francisco HQ Shutdown by 2022

Coinbase, the most prolific U.S.-based cryptocurrency exchange, has announced it will close the doors of its former San Francisco HQ by 2022, in its push to go 100% remote. Earlier the company had announced its intention of ditching the traditional office-based model to decentralize its operations and instead impulse work from home politics as part […]

Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round

Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250 million with the participation of some big names in the cryptocurrency world. The company announced it would use these resources to expand its operations and keep growing in its core markets, including remittances. […]

Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties to Washington, as the company’s American trading […]

Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements

Roughly 28 months ago, the decentralized exchange (dex) Uniswap version one (v1) was released and then in May 2020, version two was launched with new features. The dex is by far the largest decentralized trading platform among its competitors, as the exchange swapped $7.1 billion during the last seven days. On March 23, Uniswap launched […]

Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements

Roughly 28 months ago, the decentralized exchange (dex) Uniswap version one (v1) was released and then in May 2020, version two was launched with new features. The dex is by far the largest decentralized trading platform among its competitors, as the exchange swapped $7.1 billion during the last seven days. On March 23, Uniswap launched […]

Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users

According to a new study conducted by Crypto.com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021. January’s Bitcoin Rally Accumulated a 15.7% Jump […]

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based […]

Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased

According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg […]

Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run

Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development. A Curious Race to Convert Crypto to Fiat Has Accompanied Bitcoin’s Latest Drive Higher Sharing exclusive data […]

Report Claims Harvard, Yale, and Brown University Endowments Have Been Discreetly Buying Bitcoin

According to sources familiar with the matter, a number of Ivy League universities including the University of Michigan, Brown, Yale, and Harvard endowments have been discreetly purchasing cryptocurrencies. The prominent schools have been reportedly leveraging exchanges like Coinbase and other trading platforms. Prominent university endowments have been quietly purchasing digital currencies according to a report […]

Kraken Users Are Staking More Than $1B in Crypto

More than $1 billion worth of cryptocurrencies have been staked through Kraken’s staking service, the crypto exchange announced on Tuesday. A third of that amount is in ether, roughly more than 300,000 ETH, according to a spokesperson from the San Francisco-based crypto exchange. Other popular cryptocurrencies on Kraken’s staking services include tezos (XTZ) and polkadot […]

Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days

Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase […]

Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days

Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase […]

Bitcoin Mining Machine Maker Ebang to Launch Crypto Exchange in 2021; Shares Rise

Bitcoin mining equipment maker Ebang announced Thursday it is preparing to officially launch a cryptocurrency exchange in the first quarter of 2021. Shares of the Nasdaq-listed mining equipment manufacturer rose on the news, jumping to as high as $6.18-share, before settling down to $5.71 at the time of this writing, up 16%. Ebang said it […]

Coinbase, Other Big Exchanges ‘Between Rock and a Hard Place’ on Delisting XRP

What happens when a cryptocurrency once been positioned as a regulator-friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. U.S.-based cryptocurrency exchanges have to consider whether to delist XRP in light of a Securities and Exchange Commission (SEC) lawsuit alleging it is an unregistered security issued by […]

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen […]

EXMO Exchange Now Says It Lost 6% of Total Crypto Assets in Monday’s Hack

Cryptocurrency exchange EXMO has given a new estimate for the amount of cryptocurrency lost in a security breach Monday, saying nearly 6% of its total crypto assets were stolen. The U.K.-based platform had originally estimated that 5% of its cryptocurrency had been lost to the attacker. The total loss in terms of dollar value is […]

Craig Wright’s Wife Wins UK Lawsuit Over Bitcoin Trading Account Closure

Ramona Ang, the wife of controversial cryptocurrency industry figure Craig Wright, has won a lawsuit in the U.K. High Court over losses she incurred when the UFX exchange platform closed her account without returning her funds. In a ruling on Tuesday, Honorable Judge Justice Butcher granted Ang’s claim to equitable compensation, saying the Cyprus-based defendant […]

Crypto Exchange Coinbase Is Hiring for a New Canada Operation

San Francisco-based Coinbase announced Tuesday that it’s expanding its business into Canada and is currently seeking staff to help operate its new branch. In a blog post, the cryptocurrency exchange said the new offices are due to open in 2021, subject to the local coronavirus situation. It did not say where the Canada base would […]

Huobi Crypto Exchange Returning to US After Winning Nevada Trust License

Global crypto exchange Huobi Group is making its U.S. comeback after an abrupt departure over a year ago.  Huobi Tech – a Hong Kong-based publicly traded company acquired by Huobi Group founder and CEO Leon Li via a reverse takeover in 2018 – said a trust license has been approved by the Nevada Financial Institutions […]

Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

U.K.-based cryptocurrency exchange EXMO disclosed Monday that its hot wallets have been compromised and all withdrawal activity has been suspended.  In a blog post on Monday, EXMO said it had detected “large withdrawals” on Dec. 21 at 02;27 UTC, and reacted “immediately and re-deployed hot wallets.” Five percent of the total assets held by the […]

Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic

Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks now, many crypto enthusiasts have been hoping that the price of bitcoin would scale the $20k resistance barrier. That record […]

Safello Raises $1.3M, Plans IPO in First Half of 2021

European bitcoin exchange Safello says it’s raised 11 million Swedish krona ($1.3 million) to cover the costs of a planned stock exchange listing in the first half of 2021. The Stockholm, Sweden-based company aims to list on Nasdaq’s First North Growth Market, it announced Friday. The funding effort, made via an issuance of new shares, […]

Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic

Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks now, many crypto enthusiasts have been hoping that the price of bitcoin would scale the $20k resistance barrier. That record […]

American Express Invests in Institutional Trading Platform FalconX

American Express is taking a stake in the white-hot cryptocurrency industry, investing in institutional trading platform FalconX. FalconX announced Wednesday that American Express Ventures made the investment as an extension of a fundraise earlier this year, but did not disclose an amount. In May, FalconX revealed that it had raised $17 million in a seed […]

Mt Gox Creditors’ Wait Nearly Over as Trustee Announces Draft Rehabilitation Plan

Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. Posted on the Mt. Gox website Tuesday, the trustee’s announcement states: “The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings relevant to […]

Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results

As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers. There are a number of websites that are clones of the official web page from companies that provide mining device sales, wallets, full nodes, paper wallet tools, and popular trading platforms. Just recently, […]

Bitcoin Exchanges Flood London’s Metro With Adverts

“If you’re seeing bitcoin on the Underground, it’s time to buy,†according to one of the many posters now plastered across London’s vast metro network. In fact, two cryptocurrency exchanges chose to kick off advertising campaigns with Transport for London (TFL) on Monday. Coinfloor, the U.K.’s longest-running exchange, launched a mix of large digital billboards […]

Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits

According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.†Meanwhile, onchain metrics indicate a […]

Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results

As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers. There are a number of websites that are clones of the official web page from companies that provide mining device sales, wallets, full nodes, paper wallet tools, and popular trading platforms. Just recently, […]

Privacy Coin Advocates Persevere Amid Multiple Crypto Exchange Delistings

On Dec. 8, Dutch cryptocurrency exchange LiteBit sent an email to its users stating it would be delisting the privacy coin firo (formerly zcoin). According to the email, the decision was made “partly due to the privacy aspect of this crypto. The regulator of crypto companies in the Netherlands has indicated that cryptocurrencies aimed at […]

India’s Banks Are Once More Serving Crypto Traders and Exchanges

Banks in India are again doing business with select cryptocurrency exchanges and their customers. Top institutions such as State Bank of India, ICICI Bank, HDFC Bank and Yes Bank are allowing customers to use their bank accounts to fund cryptocurrency trading. They are further offering various facilities to cryptocurrency exchanges, sources familiar with the matter […]

DBS Bank’s Digital Exchange to Begin Trading Crypto ‘Next Week’

DBS Bank of Singapore has officially announced the arrival of its digital assets exchange, with trading to start next week. The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange. It will also provide tokenization of securities and other assets, as well as bank-grade custody for digital assets. The new exchange will facilitate […]

SBI Teams Up With Swiss SIX Exchange to Offer Institutional Crypto Services in Singapore

SBI Holdings, through its subsidiary SBI Digital Asset Holdings, has inked a deal with Switzerland’s SIX Digital Exchange to offer digital asset services for institutional investors in Singapore. Announced Tuesday, the two firms have launched a joint venture to form a Singapore-based digital asset exchange and issuance platform, and a central securities depository (CSD). The […]

Crypto Exchange Bittrex Lists Tokenized Apple, Amazon, Tesla, Stocks for Trading

Bittrex Global has launched trading in tokenized stocks such as Apple, Tesla and Amazon on its digital asset exchange. The platform said traders and investors will have direct access to listed companies – also including Google, Facebook, Netflix, Pfizer and others – without having to use an external broker or pay additional fees. Launched in […]

Kraken Exchange to Offer First Grants for Open-Source Ethereum Projects

Kraken has announced it will help fund open-source Ethereum projects, a first for the U.S.-based cryptocurrency exchange. In a blog post Thursday, Kraken said it will collaborate with Gitcoin, an Ethereum-based platform for community fundraising, to reward developers building the blockchain’s “most essential software.†The exchange will match up to $150,000 in donations made in […]

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, has pledged that his firm has taken steps to ensure that the issue that caused an over five-week freeze of cryptocurrency withdrawals cannot reoccur. In an ask-me-anything session, a transcript of which was published on Wednesday, Hao said the incident led the exchange “to make several improvements […]

Huobi-Branded Crypto Exchange Launches for Malaysian Market

There’s now an additional cryptocurrency exchange serving the Malaysian market, after a new Huobi-linked platform announced its launch Friday. Huobi Labuan said in an emailed press release that it aims to provide users in the nation with a “safe and regulated” platform for trading cryptocurrencies. The exchange received a digital asset trading brokerage service license […]

Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

South Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new restriction will only allow users to withdraw digital assets equal in value to the total of Korean won (KRW) deposited 24 hours after a withdrawal […]

OKEx Resumes Withdrawals 5 Weeks After Freeze

Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after an abrupt suspension. In a short blog post on Thursday, the exchange announced that it was lifting the freeze at 08:00 UTC and pointed users to a compensation and loyalty program in an attempt to appease disgruntled users. As reported by CoinDesk on Wednesday, OKEx […]

Some Are Calling All-Time Highs for Bitcoin. Here’s Why CoinDesk Hasn’t Yet

In a fragmented global market, price quotes are all over the place. That’s why CoinDesk created the Bitcoin Price Index (BPI). The current debate over what exactly is the all-time-high price of the leading cryptocurrency shows how a sector that is all about decentralization has difficulty coming up with a common pricing system on which […]

Y Combinator, Pantera Back $3M Investment in New Crypto Derivatives Exchange

A new crypto derivatives exchange, Globe, is looking to step up to the plate following crackdowns on BitMEX, the growth of decentralized finance (DeFi) and a surge in the price of bitcoin. The platform announced Friday a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others. “We’re seeing […]

Star Xu Surfaces From Detention as OKEx’s Mystery Key Holder Also Returns

Mingxing “Star†Xu, founder of OKCoin and CEO of OK Group, has resurfaced after being detained by Chinese police. According to a report by Bloomberg Thursday, Xu appeared on a private social media platform to post that he had been cooperating with an investigation relating to an equity merger that OK Group had finalized years […]

Gemini Exchange Is Using ClearBank for UK Banking Services

ClearBank says it has been chosen by the Gemini cryptocurrency exchange to provide its U.K. banking services. U.S.-based Gemini had announced in late September that it was expanding “fully†into the United Kingdom, offering trading and custody services. ClearBank said in a press release Thursday that it is providing Gemini users with account numbers and […]

OKEx Exchange Says Crypto Withdrawals to Restart By Next Friday

Troubled exchange OKEx has announced it will soon allow withdrawals that had been paused after an executive holding the cryptocurrency keys was held by authorities for questioning. In an update on Thursday, OKEx said the private key holder “has completed assisting the authorities in a previously referenced investigation.” “OKEx was confirmed not to have been involved […]

Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements

Netherlands-based cryptocurrency exchange Bitonic says it has been “forced†to bring in extra verification measures due to requirements from the country’s central bank. In a notice published Monday, the exchange said it will now ask users for extra information “such as the purpose with which you intend to purchase bitcoins and what kind of wallet […]

Crypto Exchange Liquid Says User Data Possibly Exposed in Security Breach

Customers registered with the Liquid exchange may have had their data exposed to bad actors, the company said Wednesday. In a notice on its website, Liquid CEO Mike Kayamori said the attack occurred on Friday, Nov. 13. “A domain name hosting provider that manages one of our core domain names incorrectly transferred control of the […]

Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon

Belarusbank, one of the largest credit institutions in Belarus, has partnered with OTC broker White Bird to offer a bitcoin buying service, according to an announcement Monday. For now, purchases will be available via bank cards issued in Belarus and Russia (the two countries’ financial systems are well connected). But going forward, the bank is […]

Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’

Cryptocurrency exchange Binance is discontinuing its own BGBP cryptocurrency, a stablecoin linked to the value of pounds sterling. In a notice on Monday, the company said it is removing a number of trading pairs, including BGBP/USDC (USD Coin) on Tuesday at 12:00 UTC. This was the final pair listed for the stablecoin and its removal […]

$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

As the Chinese government cracks down on several crypto exchanges catering to traders based in China, many of those customers – and their bitcoin – have been making their way to Binance over the past few days. Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, […]