Cryptocurrency Exchange

Cryptocurrency exchange

Intercontinental Exchange ‘Bakkt’ Acquires Digital Asset Custody Company

Bakkt LLC, is a global, open and a regulated ecosystem built for digital assets. It was launched by the Intercontinental crypto exchange in August 2018. The firm will closely work with Microsoft, Starbucks and BCG to establish a seamless platform for institutions as well as consumers to buy, sell, store and spend digital assets. The exchange has recently announced the…

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cryptocurrency exchange

Crypto Exchange Coinbase Becomes One Of The LinkedIn’s ‘Top Companies 2019’

Headquartered in San Francisco, California, Coinbase is a famous cryptocurrency exchange. It serves as a secure crypto-trading platform which facilitates easy trading of digital currencies such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin along with fiat currencies to its users across above 32 countries. The firm managed to become the only cryptocurrency business listed in the ‘Top companies…

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cryptocurrency exchange

DragonEx, the Singapore-Based Cryptocurrency Exchange Hacked

Singapore-based exchange DragonEx declared on Sunday (March 24) that it had been agonized with a cyber attack which reportedly ‘stole and transferred’ funds preserved by the platform and its users. The valuation of the losses has not been disclosed yet. The platform was taken offline by DragonEx when the breach was initially discovered on Sunday, stating that it was for…

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cryptocurrency exchange

Mexico Could “Effusively” Ban Cryptocurrency Exchanges, New Regulations Proposed by Central Bank

Cryptocurrencies have been subject to stringent laws and prohibitions for a very long time. Several countries have even placed a ban on crypto trade. In April 2018, the Reserve Bank of India released a circular, directing all commercial banks in the country to stop serving businesses related to cryptocurrencies. Following the direction, banks stopped dealing with businesses like crypto exchanges,…

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Investors may be able to Buy Gold Backed Cryptocurrencies Sooner Than Expected

New York-based firm Paxos has revealed plans to launch cryptocurrencies backed by precious metals like gold and publicly traded stocks, by the end of 2019. The company currently offers a dollar-based cryptocurrency or stablecoin called Paxos Standard, and Bitcoin trading services. The Paxos Standard was launched in late 2018, by tying cash reserves to its distributed ledger. Paxos CEO, Chad…

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Ibinex Serves Clients with Hot and Cold wallet (Custodial) Services that Meet EU Standards

Cryptocurrency exchanges are vulnerable to cybercrime. Ibinex – a company which is a crypto exchange provider offers hot and cold wallets to keep the digital currency of their clients safe. Ibinex has obtained the virtual wallet service provider licenses from EU. It allows the companies to provide the virtual currency wallet (hot and cold) by generating the keys for the…

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US SEC Emphasizes on ICO Guidelines amidst Recent Regulatory Debate

U.S. controller, the Securities and Exchange Commission (SEC) has emphasized rules on Initial coin Offerings (ICOs) in a tweet on February 10, as endeavors to formalize the sector proceed. A devoted area of the regulator’s site presently records five parts of ICOs. The SEC considers it essential for market experts and investors. The content seems to have existed since March…

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Kraken CEO to Advice Investors to Keep a Limited Number of Coins on Crypto Exchanges

After the Cryptopia hacking incidence, Binance and Kraken CEO- Changpeng ‘CZ’ Zhao, is strongly advising the investors against keeping a lot of coins on the crypto exchanges. He further proposes three alternative ways to store your coins. These are ‘self-storage’, ‘on exchanges’ and thirdly through- ‘decentralized exchanges (DEX).’ Looking at the recent hacking, the CEO further added on twitter- “Store…

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