Cryptocurrency Exchange

Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume

 After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx  resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for holding out during the disruption.  These programs include commission rebate cards denominated in …

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Key Bitcoin and Ethereum options metrics show traders are wildly bullish

In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data Ether is entering a parabolic rally as its …

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Bitcoin go up, Coinbase go down: Exchange outages and trader outrage

Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets, and are generally viewed unfavorably by traders. Between March and November 2020, the …

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Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough …

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Poloniex exchange goes down on the brink of new Bitcoin all-time high

With a new all-time price high in sight for Bitcoin, crypto exchange Poloniex recently went offline. “Poloniex is currently unavailable due to an unexpected issue,” the exchange’s customer support Twitter page said on Friday. “We are investigating the issue and will keep you updated here throughout.” Bitcoin has yielded exuberant upward price action in recent …

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Fireblocks adds Coinbase co-founder to board of directors

Digital asset security platform Fireblocks announced that it would be adding Fred Ehrsam to its board following a recent funding round. In a Nov. 18 statement, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the firm as a board member after a $30 million funding round to expand its global operations. …

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Cuba’s exploding crypto interest comes amid an absence of regulation

Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in crypto activity in the country. Founders of major local crypto exchanges Qbita …

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Zebpay is launching a nonfungible token marketplace in India

Cryptocurrency exchange Zebpay, which claims to have a user base of over 3 million users in India, is now exploring broader crypto market opportunities, such as digital collectibles. With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the non-fungible token space. NFTs are unique but tradeable blockchain assets, which can be used …

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New Jersey follows in its neighbor state’s footsteps with crypto license bill

The New Jersey Senate is set to consider a new bill that proposes the creation of a new, mandatory licensing framework for all cryptocurrency firms operating in the state. Introduced on Nov. 5, the new Senate bill, or “Digital Asset and Blockchain Technology Act,” has been sponsored by the Democratic Party senator for New Jersey’s …

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Netherlands registers first consumer-facing crypto platform since AMLD5

Crypto exchange BLOX received the go-ahead to operate in the Netherlands, making it the first platform to do so since the country implemented the European Union’s 5th Anti-Money Laundering Directive, or AMLD5. “BLOX is the first consumer-focused cryptocurrency company that will be included in the registry of the Dutch Central Bank,” the company said in …

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