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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We are ten years into the Bitcoin revolution, but its global network of 200+ exchanges remains largely unregulated. Yes, there are money transfer agent regulations that must be complied with and KYC/AML rules that must be adhered to, but safety and security are large stumbling blocks. As for regulators, the industry must quickly deal with…
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The founder of Tron, Justin Sun, admitted that he is one of the investors in Poloniex crypto exchange that was recently acquired by Circle. Sun initially denied the investment. While the investment came through, Poloniex is operated independently from Tron. The comment was made during a joint Tron-Poloniex event that was live-streamed via Twitter on…
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Coinbase has expanded its portfolio in the last couple of years with more and new cryptocurrencies. But this is the first time the cryptocurrency wallet and exchange is rewarding users who hold a particular cryptocurrency - Tezos (XTZ). Coinbase announced through a blog post on Wednesday this week that US customers (except residents of New…
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The Bakkt crypto exchange has been up and running for well over a month now, and although its opening was more subdued that most Bitcoin enthusiasts would have liked, it is beginning to pick up steam with its institutional clients. Jeffrey Sprecher, the CEO for the Intercontinental Exchange (ICE), the owner and operator of the…
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