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Binance to Launch Fiat-to-Crypto Exchange Platform

Binance to Launch Fiat-to-Crypto Exchange Platform

The Chief Financial Officer of Binance has announced that the cryptocurrency exchange giant is going to launch its new fiat-to-crypto exchange platform next week in Singapore. This will allow people in Singapore to buy or sell cryptocurrencies using Singaporean dollars. However, the platform is currently going to support buying and selling of Bitcoin only with a hint of possible addition of …


Big Corporates Investing in Blockchain with Wait ‘N See Approach

Big Corporates Investing in Blockchain with Wait 'N See Approach

PitchBook data recently compiled for Reuters shows that both corporate funding and venture capital investments are still behind blockchain tech, although trust in cryptocurrency has still yet to become a feature of large company investment. Corporate investment in Bitcoin is seen very much like the Holy Grail of the cryptocurrency industry, and to date, the big money is aimed at …


Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Kraken Joins Other Exchanges in Delisting Bitcoin SV for "Toxic" Behavior

Major US cryptocurrency exchange Kraken has decided to delist Bitcoin SV (BSV) after polling its clients on Twitter over the past few days. In a largely expected move given the response by other major exchanges, Kraken stated that BSV’s behavior was not in keeping with what it regards as ethical. The California based exchange’s official press release stated that BSV …


Japan Regulator Urges Improved Security for Offline Crypto Custody

Japan Regulator Urges Improved Security for Offline Crypto Custody (1)

Cryptocurrency exchanges in Japan will be required to fortify their cold wallet storages, according to a Reuters report. Citing a source with direct knowledge of the matter told, the report states that Japan’s financial regulator, the Financial Services Agency (FSA), is uneased by the current security levels of some exchanges as it perceives risks of internal thefts that threaten cold …


Reuters: Coinbase 2018 Revenue Over Half Billion Dollars

Reuters_ Coinbase 2018 Revenue Over Half Billion Dollars

A Reuters report has estimated that US-based cryptocurrency exchange Coinbase raked in a staggering USD 520 million in revenue in last year alone. The figure was based of UK revenue which grew by about 20% to USD 173 million, according to its most recent filing with the British corporate registry. Despite the warnings from various regulators about digital assets, against …


OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

With Binance and Shapeshift dumping Bitcoin Satoshi Vision (Bitcoin SV) and Kraken going to its clients for advice, things don’t look too promising for the controversial crypto moving forward. Poloniex is as yet uncommitted as to continuing to list BSV, but one exchange has definitely come out in favor; OKEx, currently ranked first on CoinMarketCap of exchanges by adjusted trading …


Coinbase UK Launches Own Visa Card

Coinbase UK Launches Own Visa Card

Mega Exchange has launched a Coinbase Visa card enabling British users to pay for goods with cryptocurrency. At present, the card, linked with the Coinbase Card app for iOS and Android, is only available to UK account holders, although there are plans to add support for other European countries in the future. The card will allow worldwide purchases where crypto …


Kraken Ex-Manager Suing Exchange Over $900,000 Alleged Unpaid Commission

Kraken Ex-Manager Suing Exchange Over $900,000 Alleged Unpaid Commission

An ex-employee is suing cryptocurrency exchange Kraken, the world’s largest bitcoin exchange in euro volume and liquidity. Jonathan Silverman, who was previously employed by the company’s trading desk in New York claims he is still owed a commission on USD 19 million profits accrued over three months in 2017. The commission still owed, amounting to 10%, is over USD 900,000, …


Paxful Facing Accusations of Fraud in Nigeria After Suspending User Accounts

Peer-to-peer (P2P) payment logistics platform Paxful is under scrutiny after being accused of defrauding thousands of Nigerian clients of funds accumulated from online trade in digital currencies. The company has gained popularity on the African continent, principally due to P2P becoming the preferred trading method and also the multitude of ways cryptocurrencies can be purchased on its platform. Unlike many …


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