Exchanges

0x Up 12% As Paradex Confirm Coinbase Partnership

Big news! Paradex is joining @Coinbase! 🎉 https://t.co/g2VhJBuwPU pic.twitter.com/bmaDcTWUk1 — Paradex (@ParadexIO) May 23, 2018 Breaking news this morning points towards a brand-new partnership between ERC-20 ‘relayer’ Paradex, and famed cryptocurrency exchange, Coinbase. Any partnership with Coinbase is treated as a big deal because as we know, Coinbase is a huge power in the cryptocurrency exchange world. Therefore, this is great news for Paradex which in turn, is even better news for the 0x cryptocurrency. What is Paradex? Paradex is a decentralised cryptocurrency relayer. This therefore acts as a wallet to wallet token transfer system, that facilitates the direct transfer of ERC-20 tokens. In order to do this, Paradex uses the 0x Protocol. According to 0x protocol: “In 0x protocol, or...

Huobi Boosted As Li Shufei Takes On New Role

Appointments within the cryptocurrency world are often met with anticipation and momentum. Therefore, when a prolific figure moves from one huge cryptocurrency exchange to another, we need to have a look into the story. What are the implications of this, what does it mean for the exchange and moreover, what does it mean for the appointee? Li Shufei, was, until this month, the CEO of exchange, OKEx. Today, it is reported that Shufei has allegedly taken on a role within Huobi’s business development team and will be responsible for ensuring the growth of the exchange within areas of Asia, namely Japan, Korea and the Middle East. This is a very important position considering how cryptocurrency regulation in these areas is coming into play, that targets cryptocurrency exchanges directly. The ex...

Bitfinex Is Now Asking For Your Tax Information

Bitfinex is a popular cryptocurrency exchange that is registered in the British Virgin Islands – an area that is known as a tax haven thanks to the fact that business registered there want to keep as much of their profits as possible. The exchange has now sent an email informing their customers that they would soon be requiring their tax information, in order to comply to a new law in the British Islands. The email stated; “Under the laws of the British Virgin Islands…we are required to report certain account information to the BVI government…Persuant to BVI law, we are required to obtain self-certifications from our customers in order to ascertain each customer’s tax residence…We request that you complete the appropriate self-certification form and upload it to your Bitfinex account by Ma...

eToro Raises $100 Million To Fund Expansion Into USA

Popular cryptocurrency exchange is reportedly on the verge of expanding its operations into the United States, according to reports from City AM. This will see eToro embark on a massive expansion, designed to increase its trading volume and of course its consumer base. Moreover, with this news, we should expect to see more new listings added to the eToro network as they attempt to build a monopoly within the cryptocurrency exchange industry. According to City AM, Yoni Assia, the CEO of eToro has said: “We believe that in the future all assets will become digitised. This will help to open the markets to everyone and enable them to invest in the assets they want in a simple and transparent way. Crypto is the first step on this journey and we are excited to share our plans to launch an exchan...

Lamborghini Used To Market Cryptocurrency Exchange At Consensus 2018

Slightly unusual news this week comes fresh from the Consensus blockchain conference in New York. Of course, it was only a matter of time before we started to hear stories of attendees flashing their cash, or flashing other assets in the case of Charlie Lee, who seems to be making conversation with fans and followers whilst using the toilet. Joking aside, Charlie Lee has recently passed comment about having to make conversation at the urinal, being a drawback to his increasing fame and notoriety, check out our coverage of this story, here- https://cryptodaily.co.uk/2018/05/litecoin-back-towards-150-00-charlie-lee-discloses-information-personal-life/ Also, don’t worry, there are no reports of him exposing himself to fans, so it’s all good. Attendees of the conference have noticed a group of...

Will This Be The World’s Biggest NASDAQ Powered Cryptocurrency Exchange?

News out today highlights that NASDAQ, the second biggest stock exchange in the world, now has plans to power a brand-new cryptocurrency exchange, which aims to be at the fore of blockchain technology, ensuring a simple platform for crypto-exchanges and the most cutting-edge security protocols. This is the second time this week NASDAQ have weighed in on cryptocurrencies, given that it is only Tuesday, it does seem that for some reason, crypto is playing on somebody’s mind at NASDAQ. Check out our recent coverage of NASDAQ’s backed cryptocurrencies, here- https://cryptodaily.co.uk/2018/05/see-coins-nasdaq-backing/ According to Bitcoinist.com, a brand new Estonia based cryptocurrency exchange, DX.Exchange, is due to use an engine provided by NASDAQ, designed to deliver a perfect P2P cryptocu...

See Which Coins NASDAQ Is Backing

NASDAQ is an American stock exchange, often considered the second largest in the world behind its American counterpart, the New York Stock Exchange. NASDAQ lists over 3000 stocks and has a market capitalisation of around $9 Trillion. With this in mind, you might say that when it comes to matters of finance, what NASDAQ say does come with good authority. Today, NASDAQ have published an article on their website, titled ‘3 Crypto Coins Set to Bounce Higher’, you can see the full article for yourself, here- https://www.nasdaq.com/article/3-crypto-coins-set-to-bounce-higher-cm963149 Why coins do NASDAQ believe we will see skyrocket? Stellar, Litecoin and Bitcoin seem to be on NASDAQ’s radar, for god reason too. According to NASDAQ: “Stellar has experienced a wave of interest from investors and ...

Zcash, Bitcoin Cash & Litecoin To Receive Gemini Listing

Zcash, is set to go live on cryptocurrency exchange Gemini a week tomorrow (22nd May 2018), according to a report from Forbes, with Bitcoin Cash and Litecoin due at a yet unconfirmed date. At present, only Bitcoin and Ethereum are available on Gemini, therefore these listings will open up both Gemini and the currencies in question to a whole new world of trading potential. According to Forbes: “The Gemini bitcoin exchange founded by Tyler and Cameron Winklevoss is adding support for Zcash, a privacy-focused cryptocurrency with a total market valuation of over $1 billion. Following approval from the New York Department of Financial Services (NYDFS), Gemini will begin accepting deposits of the privacy-focused cryptocurrency on Saturday, May 19 at 9:30am EDT. The regulated exchange that serve...

Will A TRON Coinbase Listing See TRX To The Moon?

It’s a pretty good time for TRON investors and the TRON Foundation. Granted, overall things are looking pretty pessimistic market-wide, but the big picture for TRON is one of promise and progression. We are now building up to the full launch of the TRON MainNet, with this, TRON will migrate from the Ethereum blockchain and ERC-20 tokens, moving over to its own purpose built blockchain with its own native token. Finally got a group photo with all 108 #TRON Beijing office team members. We are one of the fastest growing #blockchain teams, sending out 1 offer/day. We expect to be 400 strong by year end, exceeding ETH, and have a global team of 1k+ in 2019. Join the revolution! 💪 $TRX #TRX pic.twitter.com/vNLZv5FqFn — Justin Sun (@justinsuntron) May 11, 2018 TRON have some very big plans after ...

At Least We Know What’s Killing The Markets Today

The state of the markets today is dismal, it’s not something we expected to see so soon to say the least. This morning, many news outlets have speculated about what is going on, some even announced that the huge dip we are seeing now is at the hands of complete randomness. Things however now seem to be a little bit clearer, something bad is happening, and people have caught on to it. If we refer to South Korea today, we’ll see news of UPbit, South Koreas biggest cryptocurrency exchange and the forth largest in the world, being raided by authorities under a warrant executed by suspicions of fraudulent activity occurring within the exchange. According to reports, the raid has led to authorities seizing a mass of computer equipment and hard drives which have been taken pending further investi...

The Crypto Refresh May 11th

The week is due to draw to a close, this can only mean one thing, the Crypto Refresh is here! Each week, we provide you with the hottest crypto-centric news, upon conclusion of the week, we like to issue a little summary of the weeks events. As ever, we have had a very busy week and have loads to talk about, sit back, grab a brew and read on! Bitcoin Core Lawsuit Abandoned Bitcoin Core attempted to crowdfund fees in order to take Ver and the Bitcoin Cash contingent to court. For various reasons, the campaign was halted and since, the heat between the two groups has cooled off somewhat. TRON TRON has edged ever closer to the launch of the TRON MainNet which will see TRX tokens migrate to their own blockchain, away from their current ERC-20 token status. In anticipation for this, TRON has ma...

The Largest Crypto Platform Will Be Built Thanks To $363 Million Funding

Robinhood, the stock trading app has just been handed a huge amount of funding, bringing their value up to $5.6 billion. Just yesterday, they announced that they had successfully raised $363 million in a Series D funding round that was led by DST Global. The company released a statement saying; “At Robinhood, we’re guided by the belief that America’s financial system should work for everyone – not only the wealthy. Our platform has also grown significantly, reaching over four million users, cementing Robinhood Financial as the fastest-growing brokerage ever.” The crypto friendly platform, although being best known for commission-free stock brokerage, they have also begun Bitcoin and Ethereum trading, and they are expected to add more coins soon. This recent round of funding will enable to ...