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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
25.4.2021
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with...
3 things every crypto trader should know about derivatives exchanges
25.4.2021
Understanding open interest, funding rates and the differences between futures contracts is the starting point for any investor interested in trading crypto-based derivatives
Four arrested after Turkish exchange Vebitcoin closes its doors
24.4.2021
The arrested employees, including directors, are suspected of fraud
Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds
24.4.2021
A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with...
Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis
24.4.2021
Sevilla is becoming a crypto-friendly city in Spain at a fast pace, with two prominent local hotels announcing they will start accepting crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto adoption bandwagon by allowing customers to book rooms with digital assets. Hotels Will...
Gemini Added Support for Apple Pay and Google Pay
23.4.2021
In a promising development that will help crypto-assets extend their reach among the masses, Gemini has announced that its users across the globe can now buy cryptocurrencies using Apple Pay and Google Pay. Both payment methods are now live on the Gemini app, which means users of the app can...
Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency
23.4.2021
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use...
Turkish police detain 62 over alleged $2B Thodex crypto exchange fraud
23.4.2021
After major Turkish crypto exchange Thodex abruptly halted trading amid fears of a possible exit scam, police have already detained 62 people across eight provinces and issued detention warrants for 16 more
SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery Records
22.4.2021
The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek...
US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital Assets
22.4.2021
The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill...
Coinbase delisting averted as German stock exchange resumes trading
22.4.2021
Coinbase averted the delisting of its shares from the German stock exchange after submitting legal documents which had originally been neglected in error
Online Music Store Beatport to Start Accepting Bitcoin Payments, Launches Curated NFT
22.4.2021
A major American DJ-related online music store has joined the crypto adoption frenzy by accepting bitcoin payments. Beatport is the latest firm that adopts a crypto payment gateway after signed a partnership with crypto exchange Crypto.com. Bitcoin Payment Gateway Will Be Launched in June Per Music...
Turkish crypto exchange halts trading amid reports of police raid
22.4.2021
Thodex has gone silent since announcing a halt in trading and withdrawals
KuCoin Launched USDT Margined Perpetual Contracts
22.4.2021
The crypto exchange platform, Mek Global Limited, widely known as KuCoin.com, announced the launch of USDT margin-based uninterrupted contracts such as Compound (COMP), Ethereum Classic (ETC), Waves (WAVES), Band Protocol (BAND) that favors 1-20x leverage, and results in giving more profit than...
Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network
22.4.2021
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network
Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers
22.4.2021
The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas...
Coinbase allocating 10% to innovation plays
21.4.2021
The cryptocurrency exchange is looking to create a “culture of repeatable innovation” following the successful launch of its public offering last week
Weekly Decentralized Exchange Volumes Near $20B, Uniswap Captures Lion’s Share, Pancakeswap Trading Climbs
21.4.2021
On Tuesday, the founder of the decentralized exchange (dex) Uniswap tweeted about the trading platform passing $10 billion in weekly trade volume for the first time. Decentralized trading volumes have grown massively, as dex platforms built on Ethereum have seen more than $18 billion in volume...
PancakeSwap eclipses Ethereum network in 24-hour transactions
21.4.2021
Transactions on the Binance Smart Chain are exploding, with PancakeSwap leading the way
Former Amazon exec will become new CFO of crypto exchange Bitstamp
21.4.2021
Stephen Bearpark is a 3-year veteran of Amazon and former finance director for Barclays