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South African Exchange Ice3x Suspends Trading After Noting Discrepancies in Balances of BTC and LTC
18.3.2021
A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading...
South Koreans Warned to Pay Tax on Crypto Held on Foreign Exchanges
18.3.2021
South Korea’s National Tax Service (NTS) is on the warpath – and has crypto firmly in its sights.
Fresh from swooping on over 2,400 individuals it said have sought to conceal their earnings by buying cryptoassets like bitcoin (BTC) and ethereum (ETH) – in some cases seizing crypto and freezing...
Crypto Exchanges Might Be Getting Around 100K New Users Per Day - Analyst
17.3.2021
While multiple companies sharing how many millions of new crypto users they've got recently, one popular crypto analyst made an estimation, how many new bitcoin (BTC) traders crypto exchanges might be getting per day.
Willy Woo shared that, based on the data provided by on-chain analysis firm...
Can Bitcoin whale deposits to exchanges actually predict BTC price?
15.3.2021
Bitcoin deposits into exchanges have become a popular on-chain data point but some say this metric can be misleading
Reported volume of top South Korean crypto exchanges surpasses that of the country's stock market
14.3.2021
The increase in volume came as the price of Bitcoin rose to a new all-time high of more than $61,000 Saturday
Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship
14.3.2021
Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies...
What keeps Bitcoin price similar across different crypto exchanges?
11.3.2021
Arbitrage plays a part in Bitcoin’s pricing in the crypto market, but that does not explain everything
ETC Group Lists Ether ETP on Deutsche Borse’s Xetra, Company’s Bitcoin ETP Now Has $1 Billion AUM
11.3.2021
Financial services company Etc Group on Tuesday launched its centrally-cleared ethereum exchange-traded product (ETP) on the Deutsche Borse’s Xetra marketplace. Etc Group Launches Ethereum Exchange-Traded Product The listing follows the success of the firm’s bitcoin ETP, which...
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
Bitcoin Balances on Exchanges Are Draining, Leading Platforms See $10 Billion in BTC Withdrawn in 4 Months
9.3.2021
Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET). Back in December 2020, it was noted that bitcoin on exchanges dropped to a three-year low and this year bitcoin exchange balances continue to plummet....
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
9.3.2021
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018...
The number of BTC held on exchanges crashed 20% in 12 months
8.3.2021
Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges
Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion
4.3.2021
The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’...
How wallet platforms are taking on exchanges
4.3.2021
With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative?
Exchanges Target Payments Sphere as Bitfinex Enters Crypto Pay Too
4.3.2021
Crypto’s so-called unsuitability as a form of payment – a charge leveled at the sector by its biggest critics – is increasingly being put to the test, as some of the world’s biggest crypto exchanges wade into the payments sector.
Per a press release shared with Cryptonews.com, the crypto exchange...
Step by step: How crypto fraud and security breaches are investigated
3.3.2021
What’s an exchange’s next move after falling victim to a security breach? This is a step-by-step guide to following a crypto thief’s tracks through analytics software
An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions
3.3.2021
A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year...
Door Opens for South Korean Crypto Exchanges Fearing Forced Closures
2.3.2021
Smaller South Korean exchanges may find a way to survive the promulgation of a new crypto act later this month that requires all trading platforms to abide by real-name banking procedures.
As previously reported, only the “big four” crypto exchanges – Upbit, Bithumb, Korbit, and Coinone – currently...
Institutions and miners accumulating through Bitcoin chop; whales uncertain
27.2.2021
Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs
Crypto Exchanges Scale, But Outages Likely To Remain A Fact Of Life
27.2.2021
Exchanges have been the epicenter of the recent crypto bull market, facilitating the surge of bitcoin (BTC) and other coins towards new all-time highs. However, while they have almost certainly profited from the record prices and volumes the market’s now witnessing, many have been found lacking...