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Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police
16.10.2020
The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by...
Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unknown Wallets
8.10.2020
On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital...
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules
5.7.2020
A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to...
3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online
20.3.2020
Options to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto debit cards are now available to...
Malaysia Announces Digital Asset Guidelines
19.1.2020
The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations...
Japan Virtual Currency Exchange Association Signs MOU With IDAXA
8.11.2019
The Japan Virtual Currency Exchange Association (JVCEA) has inked a Memorandum of Understanding (MoU) and entered into a partnership with the International Digital Asset Exchange Association (IDAXA). The signing of the MoU by JVCEA marks the eighth national trade association in the sector to align...
SEC Rejects Another High-Profile Bitcoin ETF Proposal
10.10.2019
Another high-profile proposal for a bitcoin exchange-traded fund (ETF) has been denied by the U.S. Securities and Exchange Commission (SEC). The agency, however, emphasized that the disapproval was not based on whether bitcoin has utility or value as an innovation or an investment. Shares of...
Dash is Launching on Coinbase Pro, the Major Crypto Currency Exchange on September 16th
13.9.2019
In a recent announcement this week, Coinbase Pro, the major cryptocurrency exchange, declared that it would be unveiling Dash trading on Monday, September 16, starting with Dash/BTC and Dash/USD trading sets. Further, it will begin taking inbound exchanges of DASH to Coinbase Pro. It will...
The New Bitcoin Banks Are Here
23.8.2019
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements...
How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
17.8.2019
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...
Koinex Exchange Shuts Down Ahead of Crypto Regulation
28.6.2019
Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies. Also read: Indian...
Biggest Heists in Bitcoin History and How They Were Pulled Off
1.6.2019
Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read:...
Digital Currency Exchange Gatecoin Offline After Loss of Funds
14.5.2016
Hong Kong-based digital currency exchange Gatecoin has reportedly experienced a hack, resulting in losses from its connected wallets