Crypto Exchange News Feed

Latest News
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July 24, 2018

KuCoin Exchange Down for Five Hours During Update

KuCoin made sure to begin the exchange update in the middle of the night (United States time) knowing it would take a few hours to complete. Users were unable to view the markets during the update, but KuCoin made it clear that everybody’s assets were safe. After five hours, the exchange is now ready to trade.

Source : KuCoin on Twitter

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July 23, 2018

Bittrex Adds USD Trading Pairs

Until today, there was not an option to trade, deposit, or withdrawal U.S. dollars on Bittrex. Now users from Washington, California, New York, and Montana can use U.S. dollars. To start trading with U.S. dollars, users have to add more personal information to assumably stay as free as possible of government regulatory action. More money will come into crypto with more crypto exchanges adding U.S. dollars as a trading pair.

Source : Bittrex Support

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July 23, 2018

Coinbase Creates Political Action Committee

Political Action Committees (PACs) are formed to influence political decisions. With tons of capital to work with, the Coinbase PAC will be going to bat on behalf of the entire crypto community. As we have seen, politicians are really influenced by who is donating to their campaigns. There has been a lot more money being thrown at politicians to counter crypto than to help progress the industry. That could be changing.

Source : fec.gov

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July 23, 2018

Coinbase Can Advertise on Google Once Again

Last week Facebook lifted it’s temporary ban on crypto advertisements after creating an application process. It looks like Google is following Facebook’s lead. With so much money behind the company, Coinbase advertisements will presumably be popping up everywhere in the near future. It’s important to keep in mind that a lot of their marketing budget was not being spent during these temporary bans. Personally, I have already seen one on Facebook and one on Instagram in the last couple days.

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July 19, 2018

Coinbase Co-Founder and CEO Brian Armstrong Appears on Fortune Magazine’s 40 Under 40 List

Brian Armstrong, 35, checks in at 20th on Fortune’s list after leading Coinbase to historical growth. In the article, Forbes points out that Coinbase has surpassed Charles Schwaab in total accounts already. It also quotes Armstrong saying Coinbase wants to be the “Google of crypto.”

Source : Fortune Magazine

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July 17, 2018

The World’s First Bank-Backed Crypto Exchange Opens in Japan

Japan’s SBI Holdings has finally launched it’s crypto trading platform VCTRADE to the public after beta testing with selected users during this last month. The launching was the first ever bank-backed crypto exchange. SBI Holdings now offers Japanese citizens aged 20 to 70 the ability to purchase crypto with the Japanese Yen. Last year, SBI Holdings received approval for an operating license by the Financial Services Agency.

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July 17, 2018

Coinbase Receives Approval to List Security Tokens from SEC and FINRA

Coinbase is the largest mobile crypto exchange, and it will likely only get bigger with this news. A Coinbase spokesperson announced the U.S. Security Exchanges Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) approved “acquisition deals for currently regulated firms.” Coinbase is now able to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. This approval also gives Coinbase federal licenses to eventually list tokens deemed as securities on it’s exchange. Coinbase recently announced five crypto assets ( Cardano, ZCash, Stellar, 0x, and Basic Attention Coin) were being evaluated for a future listing on it’s exchange. The SEC and other U.S. regulators have made the crypto industry more of a priority in the last couple months.

Source : Bloomberg

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July 16, 2018

Shanghai Stock Exchange Releases Plans to Use Blockchain

The Shanghai Stock Exchange (SSE) has a market cap of $5 trillion and is the 4th largest exchange in the world. China still has a ban on crypto but has increasingly been open to blockchain development. The SSE announced it’s use of distributed ledger technology for their security transactions.

Source : Cointelegaph

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June 25, 2018

BTC, XRP, and STR Deposits and Withdrawals Available on Poloniex After Temporarily Going Offline

Deposits and Withdrawals on Poloniex for Bitcoin, Ripple, and StarCoin went offline yesterday. Poloniex was able to get XRP and STR deposits and withdrawals online relatively quickly, but it was more than 24 hours before BTC was online. Poloniex was the 40th largest crypto exchange by 24 hour volume today according to Coin Market Cap.

Source : Poloniex on Twitter

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June 25, 2018

BitMEX to List TRON Futures

BitMEX is a crypto exchange that allows users to trade cryptoassets with up to 100x leverage. TRON / Bitcoin future contracts will be listed on the exchange by June 26th at 8:30 UTC. This provides BitMEX users the ability to short TRON if they choose too.

Source : BitMEX Blog

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April 19, 2018

Kraken is First Exchange to Publicly Dismiss NY Attorney General’s Request

The New York Attorney General sent thirteen letters to some of the top crypto exchanges asking to fill out a lengthy questionnaire to give customers more transparency in their investments. At least five of the thirteen quickly welcomed the request, but Kraken has made it public they will not. In response to the AG’s request, Kraken CEO Jesse Powell said, “Kraken’s BitLicense-prompted exit from New York in 2015 pays another dividend today.” Kraken previously was headquartered in New York but moved after state regulations were adopted in 2015. The decision to not fill out the questionnaire leaves Kraken customers wondering why they won’t make their policies public.

Source : Yahoo Finance

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April 17, 2018

Crypto Exchanges are Cooperating with NYAG’s Request for More Transparency

Earlier this morning the New York Attorney General sent letters to thirteen major crypto exchanges asking to fill out a 34 part questionnaire. The request is asking for more transparency for users, and at least five of the thirteen – Gemini, Bittrex, Poloniex, bitFlyer and Bitfinex – have commented that they are already cooperating according to CoinDesk. The request will likely take the exchanges some time to properly fill out. The Attorney General will make the results public.

Source : CoinDesk

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April 17, 2018

Coinbase CEO Working On Self-Sovereign Authentication Models

Ethereum founder Vitalik Buterin’s is calling for designs for secure decentralized wallets. The issue with current wallets is there is a centralized keyholder who could act in an unsafe way (i.e Mt. Gox). Coinbase CEO Brian Armstrong went agreed with Buterin’s suggestion. Armstrong went further by saying, “Some ideas in the works.” Decentralized wallets need to be a mainstream product to further innovate beyond traditional banking.

Source : Brian Armstrong on Twitter

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April 17, 2018

Coinbase Hires Alesia Haas as CFO

Haas will allow Coinbase to “accelerate our goal of building a world-class financial team that scales with the company through this period of profound growth.” Haas’ resume is outstanding – CFO (Oz Management and OneWest Bank) and senior finance/investment strategy roles (Merrill Lynch and General Electric). She begins her Coinbase career on June 1st.

Source : Coinbase

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April 17, 2018

Goldman Sachs Exec Hired by Crypto Company with 24 Million Active Wallets

Breanne Madigan has been hired by Blockchain.info as head of institutional sales and strategy. Madigan managed $1.49 trillion worth of total assets when she was the head of institutional wealth services last year at Goldman Sachs. Blockchain.info CEO Peter Smith says Madigan has a “proven track record of creating value to her teams.” Madigan will oversee 24 million active wallets on a platform that now has a buy and sell feature for bitcoin. It is a fantastic hire on multiple levels, including getting more women into an disproportionally male dominant industry. Crypto is stealing Wall Street and Silicon Valley executives very frequently.

Source : CNBC

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April 17, 2018

New York Asking 13 Crypto Exchanges to Fill Out 34 Part Questionaire

New York Attorney General Eric Schneiderman is asking for more transparency from cryptocurrency exchanges. According to the Wall Street Journal, his office has reached out to thirteen exchanges “specializing in bitcoin and other cryptocurrencies” in attempt for investors to have more information to protect their investments. The letter is asking the exchanges to fill out a 34 part questionaire, but it is unclear what actions the New York AG will do with it.

Source : New York Attorney General

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April 13, 2018

Coinbase Acquires Ethereum Wallet Cipher Browser

Cipher Browser Founder Peter Kim is also joining Coinbase as Head of Engineering. Kim said, “We will be merging many features of Cipher.” Cipher Browser is notable for it’s Web 3 experience that allows users to test decentralized apps. Cipher Browser will be merging some of it’s features with Coinbase’s in-house decentralized browser Toshi.

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March 29, 2018

Bitfinex has met with Swiss officials to discuss potential move to Switzerland.

Bitfinex is the fifth largest crypto exchange by trade volume. It is a Hong-Kong-based exchange, but the CEO of Biftiniex Jean-Louis van def Velde says, “We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.” London is also considered a potential destination if Switzerland doesn’t work out. Bitfinex has already had meetings with the head of Switzerland’s Economic Department and the State Secretariat for International Finance. The move to Switzerland is a move to ease regulations Bitfinex faces in Hong Kong.

Source : Coin Gape

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March 29, 2018

Huge: Bitfinex adds Japanese Yen and British Pounds fiat options to exchange.

Bitfinex has added deposits and withdrawals for the Japanese Yen and British Pounds in an attempt to “cater for a growing global trading community.”
The Japanese Yen accounts for 54.4% of all Bitcoin volume according to Crypto Compare, so it is a good strategy to cater to that global community they speak of. Bitfinex has also introduced the Yen and Pound as pairs to BTC, ETH, NEO, EOS, and IOTA (the Euro was also added for ETH, NEO, and EOS). Adding more trading pairs gives users more convenience and liquidity.

Source : Bitfinex

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March 29, 2018

Report: Yahoo Japan to launch crypto exchange in April 2019

A Nikkei report claims that Yahoo Japan is aquiring 40% of BitARG Exchange Tokyo next month. On top of the acquisition, Nikkei claims that Yahoo Japan will then launch a “full-blown exchange in April 2019 or later” that will be built based on BitARG’s system. But Yahoo Japan will first have to register with Japan’s Financial Services Agency to become a licensed crypto exchange if they launch their own.

Source : Nikkei

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March 29, 2018

Japan to close two of it’s crypto exchanges report says.

Nikkei reports that Gateway and Mr. Exchange are going to close after customers get their assets out. Current Japanese regulations require crypto exchanges to register with Japan’s Financial Services Agency (FSA) after hackers stole over $500 million in assets from the Toky-based Coincheck in January (a reminder not to keep your assets in crypto exchange address). The regulation requires exchanges to have data security and other systems on par with other agencies that the FSA monitors. It is unclear why Gateway and Mr. Exchange are ending business but more news will be coming.

Source : Nikkei

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March 28, 2018

Bitfinex will not list Venezuela’s token, Petro, on it’s exchange.

Petro is Venezuela’s own cryptocurrency and is apparently backed by oil. Shortly after introduction, the United States prohibited all U.S. citizens from using Petro. Bitfinex claims they “never had plans to include” Petro, but the U.S. sanctions solidified there stance in not listing the government token on it’s exchange. Bitfinex continued their stance by prohibiting all Bitfinex employees and contractors from transacting in Petro. Bitfinex’s prohibition of Petro is a metaphor of it’s stance against government cryptocurrencies.

Source : Bitfinex

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March 28, 2018

Cryptopia, the 45th largest crypto exchange, could face a class action lawsuit.

Canterbury Legal setup a webpage designed for Cryptopia customers to voice their complaints against the crypto exchange. Canterbury Legal has received complaints that Cryptopia is “not processing their deposits, allowing them to trade with deposits they’ve made, or allowing them to make withdrawals. Essentially, the customers are unable to access or use their funds.” Cryptopia claims to have 1.4 millions users worldwide, and Canterbury Legal could justify a possible class action lawsuit if enough people sign up and express their concerns on their site.

Source : Canterbury Legal

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March 27, 2018

Bithumb to add 8,000 cryptocurrency accepting merchants.

Bithumb, the sixth largest cryptocurrency exchange, announced it has partnered with Korea Pay to bring 8,000 South Korean brick-and-mortar merchants the option to accept cryptocurrencies as a form of payment. Korea Pay is a digital payment processor and currently works with over 200 merchants. The partnership allows customers to create barcodes on the mobile phone, and to use passwords to make payments at participating stores. Bithumb plans to “continue to expand our use as a leader in the field of cryptographic cash management through cooperation with various partners.” The project is set to roll out in 2018.

Source : Bithumb

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March 27, 2018

Twitter joins Facebook and Google by blocking crypto ads.

Twitter began blocking crypto ads, specifically exchanges and ICOs, on Tuesday shortly after Facebook, SnapChat, LinkedIn, and Google decided to. Regulators have warned the public of fraudulent crypto projects, but the United States has been slow in figuring out exactly how they will solve these issues. In the meantime, social media platforms have protected their users by issuing these rules to avoid legal trouble if users are targeted and scammed on their platform. However, Reuters suggests “Many analysts expect the likes of Google and Facebook to loosen blanket bans once authorities provide guidance on how virtual currencies and the infrastructure around them will be treated.” It is unclear if the new rules from the social giants are for the interim or here for good.

Source : Reuters