Exchanges

Gemini Look To Open Exchange To UK Customers

Famed US cryptocurrency exchange Gemini, the birth child of Tyler and Cameron Winklevoss is alleged to be exploring an expansion into the United Kingdom, opening their doors to a new and emerging British cryptocurrency market. Gemini are considered a major exchange, though by limiting their operations to certain areas, the trading volume of the exchange is far lower than it should be, therefore Gemini need to expand and discover new markets. With the UK ever optimistic around cryptocurrencies, this seems like the most sensible next step for the exchange. The UK market is huge and will in turn have a very big impact on the trading volume within the Gemini exchange, benefitting the pockets of the Winklevoss twins in the process no doubt. A spokesperson from Gemini has told The Financial Time...

Binance Unveils Plans To Test A Fiat Crypto Exchange In Singapore

Binance, the world’s largest cryptocurrency platforms by trading volume, will start a crypto fiat exchange testing in Singapore. This was revealed by the Binance Co-founder and CEO ChangPeng Zhao, during a blockchain conference in Singapore. He later confirmed the plans through an official tweet post. It can therefore be assumed that before the end of the year, Binance would offer support for the Singapore Dollar (SGD) including alternatives like SGD/BTC and SGD/ETH pairs. For now, the SGD pairs will only be available in closed Beta, since the beta testing will be through invitation only.  More information on the digital currencies which will be sued for the trading has not yet been revealed. Binance Could Get An Ideal Market In Singapore Since the establishment of the exchange in 20...

Binance Launch Info 2.0 – Here’s What You Need To Know

This week, Binance have made the huge new announcement of Binance Info 2.0, a database that aims to be the most comprehensive crypto rating database in the world. Crypto ratings are becoming more and more common, both on a business level (ratings from finance institutions) and even from government led research labs. People want to know what the ‘experts’ think about cryptocurrencies, therefore, Binance believe that now is the time for them to tap into this new area, by providing a ratings database for all cryptocurrencies that can be accessed by anyone. A rating database, backed by such a huge brand in cryptocurrency would have a huge attraction, though we should remember that even though this database is being built by Binance, it’s still not investment advice. According to Blokt, Binance...

Binance’s Plan To Bring FIAT To Bitcoin Options To The World

It’s hard to know which cryptocurrency exchange is ‘the biggest in the world’ but in reality, it doesn’t really matter does it? What matters, is how these exchanges plan on bringing cryptocurrency to the masses. We are still in the investment phase, people buy and sell crypto to make a profit and for the love of the industry. Once exchanges start to open up to institutional and mainstream use, cryptocurrency adoption will become a more realistic prospect, therefore we need to know now how cryptocurrency exchanges plan on bringing adoption to the fore. How do they plan on getting new customers involved and how do they plan on delivering crypto to the world? Binance already have an idea We are currently in the midst of the Consensus Singapore Conference, during which Changpeng Zhao, the CEO ...

Why The First 6 Months Of 2018 Have Been Devastating For Bitcoin Exchanges In Japan

Breaking news out of Japan today comes as yet another cryptocurrency exchange is hacked, seeing around $60 million worth of Bitcoin, Bitcoin Cash and MonaCoin lifted from Zaif, a Japanese based cryptocurrency exchange. We covered this story a little earlier on so therefore won’t harp on about Zaif too much. The big issue here is that when you actually assess the full scale of the damage of these hacks in Japan, the findings are frankly shocking. Before we delve into this, we must also highlight that Japan is one of the few countries that have specific regulations for cryptocurrencies, most of which exist on the crypto exchanges themselves. These regulations have been established to make cryptocurrency investment safer and easier for customers in Japan, though when we consider the true leve...

XRP, ADA And XLM Find Promising New Listing

New exchange listings are always good news. By opening out to new exchanges, cryptocurrencies are opened up to new customers and new trading directions, therefore, it is often met with excitement when new tokens are listed on established exchanges. Moreover and possibly even more importantly, exchanges also benefit from these new listings, bringing new customers onto their platform and of course, an increase in trading volume, which means money for them and of course, money for everyone else. OKCoin have recently announced the listing of five major cryptocurrencies, Ripple’s XRP, Cardano’s ADA, Stellar’s XLM, ZCash and 0x. The US based exchange will allow crypto to crypto exchanges made between these tokens and their other listings across the country, but are also allowing special access t...

6,000 Bitcoins Stolen From Japanese Exchange

Cryptocurrency exchange Zaif announced on Thursday that a recent hack has resulted in the loss of 5,966 bitcoins (BTC) and a total of $60 million USD worth of bitcoins, Bitcoin Cash (BCH) and MonaCoin (MONA). However, the size of the theft could be larger since the total number of lost BCH is still unknown. The Japan-based licensed platform said the intrusion took place last week when operators noticed suspicious withdrawals at 5 pm local time. The unusual activities led to the immediate suspension of all transactions and subsequent criminal investigation. 【重要】現在発生している仮想通貨の入出金停止に関する経緯と今後の対応について、当社のプレスリリースより詳細をご報告しておりますので、ご一読をお願いいたします。https://t.co/Foy9Me6K0v — Zaif – 暗号通貨取引所 (@zaifdotjp) September 19, 2018 The hackers are still at large and local law enforcement have since looked into...

Coinbase Deny Allegations Of Internal Trading, But Is The Damage Already Done?

Yesterday, news came out regarding allegations made against Coinbase that suggested as much as 20% of all of the Coinbase trading volume came from internal trades, trades made by members of staff at the exchange. This called into question the integrity of the exchange’s workforce and even the integrity of the business on the whole. Many now believe that Coinbase may have been encouraging internal trading in order to benefit the company, which in turn puts the company at risk. The allegations came after the New York Attorney General’s investigation into Coinbase, and various other exchanges. Since then, the Chief Policy Officer at Coinbase, Mike Lempes has spoken out, denying the accusations made by the NY Attorney General. According to CNBC, Lempres has said: “The company does not engage i...

$60 Million Bitcoin And Bitcoin Cash Stolen In Latest Japanese Exchange Hack

Japan, the home of cryptocurrency, or is it now the home of the cryptocurrency hack? Although Japan now has some of the tightest regulations surrounding the operations of cryptocurrency exchanges, it seems these regulations haven’t been enough to stop yet another devastating hack take place, this time, seeing around $60 million stolen in Bitcoin, Bitcoin Cash and MonaCoin from Tech Bureau owned Zaif. Zaif is a cryptocurrency exchange with a trading volume just shy of $72,000,000.00. Active markets within Zaif include Bitcoin, NEM, MonaCoin, Ethereum and of course, Bitcoin Cash. Of course, by all accounts Zaif is not the biggest exchange in Japan, even with this in mind though the exchange is still a hot spot for the exchange of a range of altcoins, with quite a large customer base too. In ...

Upbit To Open Exchange Operations In Singapore

The largest cryptocurrency exchange in South Korea, Upbit, have announced that their parent company, Dunamu are opening a similar exchange in Singapore, an exchange that is set to go live just next month. According to CCN: “Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex with 24/7 real-time security monitoring and firewall system for enhanced security. Kim emphasized that Dunamu’s decision to expand to Singapore was encouraged by the positive approach of the Monetary Authority of Singapore (MAS) towards cryptocurrency regulation and the vision of the country’s government to establish a strong crypto and blockchain sector.” Singapore are certainly in favour ...

Chainlink And Waves Prosper After Bithumb Listing Announcement

Two blockchain tokens, LINK and WAVES have seen a huge boost over the last 24 hours after an announcement from Bithumb that suggests the pair will be listed on the exchange sometime during the next week. The official announcement: “Hello, this is Bithumb, the global cryptocurrency exchange. We are listing Waves (WAVES), Chainlink (LINK) on Bithumb. To celebrate WAVES and LINK listing, we are going to run a 1% pay-back event.” This pay-back event will be applied only to the deposit and trading of LINK and WAVES. In order to qualify though, users will need to create a deposit address at the time of the deposit, otherwise the official announcement states users who don’t, will be excluded from the promotion. At the time of writing, WAVES is valued at $2.27, up 8.38%. It’s clear the Bithumb ann...

There’s A Big Problem With Crypto Exchanges, According To NY Attorney General

New York Attorney General, Barbara Underwood has spoken out about a distinct lack of customer care seen within many cryptocurrency exchanges, a statement that very much goes against many exchanges moves towards becoming a safe haven for cryptocurrency investors. Underwood believes that the nature of exchanges means they do not have the customers best interests at heart and therefore customers are not protected against the threats of the cryptosphere. Moreover, Underwood believes that manipulation is still rife within many exchanges, which in turn is causing further problems elsewhere. According to The Next Web, Underwood has said: “Many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security of their exchanges. Most platforms se...