Exchanges

Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run

<div class=”featured_image_container”> </div> <b>Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development. </b> A Curious Race to Convert Crypto to Fiat Has Accompanied Bitcoin’s Latest Drive …

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Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

<div class=”featured_image_container”> </div> <strong>Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener”>BTC</a>) and ether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener”>ETH</a>) stolen in August 2020. The exchange said that almost 5,000 of its customers won’t receive their cryptos under the compensation plan.</strong> Company Asks …

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Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

<div class=”featured_image_container”> </div> <strong>Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch.</strong> In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, …

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Report Claims Harvard, Yale, and Brown University Endowments Have Been Discreetly Buying Bitcoin

<div class=”featured_image_container”> </div> <strong>According to sources familiar with the matter, a number of Ivy League universities including the University of Michigan, Brown, Yale, and Harvard endowments have been discreetly purchasing cryptocurrencies. The prominent schools have been reportedly leveraging exchanges like Coinbase and other trading platforms. </strong> Prominent university endowments have been quietly purchasing digital currencies …

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Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked

<div class=”featured_image_container”> </div> <strong>Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details, PAN numbers, passport numbers, and deposit histories.</strong> Indian Cryptocurrency Exchange Hacked …

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Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

<div class=”featured_image_container”> </div> <strong>Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018. Tokyo authorities traced all individuals’ transactions to different places across the nation.</strong> Illicit Transactions Are Estimated to Have Totaled Over $96 Million Initially, Nikkei reported that the suspects were either …

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Coinbase Now Has Over $90B in Assets on Platform

Coinbase saw whopping growth in 2020 as bitcoin rallied to close out the year. New numbers published on the Coinbase “About” page Friday show the exchange now has over $90 billion in assets on platform and over 43 million registered users. An Internet Archive snapshot from as recently as last week shows $25 billion in …

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Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

<div class=”featured_image_container”> </div> <strong>The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it was hacked in December.</strong> Livecoin Crypto …

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India’s Largest Crypto Exchange Launches User-Friendly App, Eyes 50M New Users

India’s largest cryptocurrency exchange, CoinDCX, has launched a new app aimed to make it easy to buy and sell bitcoin and other top digital assets in a bid to capture 50 million new users. According to a press release on Tuesday, the exchange’s app offering, CoinDCX Go, provides newcomers to the cryptocurrency space a “quick …

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Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues

<div class=”featured_image_container”> </div> <strong>Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected.</strong> High Flow of Incoming Customers According to the public apology, the U.S.-based crypto company said customers from both regions …

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