US-based crypto exchange, Kraken, announced its intention to grow its operation in the Indian market following the recent ruling of the country’s Supreme Court to lift the ban against banks doing business with crypto companies. Kraken growth in India was until recently hampered by the Reserve Bank of India (RBI) ban. However, the company do…
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Binance Holdings Ltd., Maltese crypto trading platform, made its debut in business services by announcing its cloud operation which would allow business clients to set up their own crypto exchange. Binance’s clients will be able to use its technological infrastructure, including matching engines to risk controls and data security systems to start their own exchange.…
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The Gibraltar Stock Exchange (GSX) announced new additions to the member firm list including Exponential Capital & Markets Inc., Constant Capital (Seychelles) Limited, Mine Digital and Razlin Capital Limited. As an established and regulated market ecosystem, GSX offers enhanced marketability and tax efficiency for issuers and investors. The company works with tier one firms, as…
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Cryptocurrency exchange Zipmex, based in Singapore, has been awarded a license from the Thai SEC to start offering its services in Thailand. The information comes from The Block on January 20, 2020. Zipmex is now one of the very few crypto players in Thailand that has a license to offer its crypto trading services to…
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Kraken, one of the largest US cryptocurrency exchanges is expanding. It has completed the acquisition of one of Australia's first crypto exchanges (launched in 2013) - Bit Trade. The information comes from an official press release sent out by Kraken. According to press, Bit Trade's website will continue to operate in its usual manner since…
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Poloniex, the cryptocurrency exchange, has recently initiated a password reset procedure for all of its clients due to a confirmed email address and password "leak" on Twitter. The information comes from Cointelegraph. Yesterday, Poloniex sent an email to its customers to let them know that there is a list of leaked passwords and email addresses…
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Taxes in the cryptocurrency world are not an uncommon issue. In fact, the idea of taxing cryptocurrencies and crypto exchanges has been a long standing issue for many countries around the world. However, one of the largest cryptocurrency exchanges in the world and the largest one in South Korea, Bithumb, got hit with a massive…
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The NASDAQ-listed asset management company WisdomTree and online Swiss bank Swissquote Group Holding SA (SWX:SQN) have just announced that they have launched an Exchange Traded Product (ETP) investing in Bitcoin on the Swiss stock exchange SIX. The product is physically backed by Bitcoin. The product is immediately tradable at SIX for professional investors in USD (ticker: BTWC) and…
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Institutional spot crypto currency exchange LMAX Digital has started publishing its daily trading spot volumes on its official website, www.lmaxdigital.com. The company’s move to start publishing its volumes aims to add greater transparency around real spot volumes traded daily in the industry. Jenna Wright, Head of LMAX Digital, commented: We believe that placing LMAX Digital…
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The current crypto trading environment is often compared to the “Wild, Wild West” conditions of the retail forex industry in the nineties. Regulatory oversight was nowhere to be seen, and fraud ran rampant, especially when dealing with overseas forex brokers. In the crypto-verse, however, unregulated exchanges have lost billions of dollars to professional hacking groups,…
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