In today’s Bitcoin in Brief – Zencash has lost $550,000 in two double-spend transactions following a 51% attack on the network. Developers have taken measures to increase the difficulty of future attacks. The event-ticketing platform Ticketfly is also trying to recover from a hijack. 26 million accounts have been reportedly compromised by a hacker who […]
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Coinbase is one of the bigger household names in the world of cryptocurrency. The company is best known for offering its cryptocurrency exchange services to consumers from all over the world. However, even major companies have to keep evolving. As such, the firm recently acquired one of its smaller competitors, Paradex. An Interesting Acquisition by Coinbase In the world of cryptocurrency exchanges, competition is direly needed. Centralized trading platforms are the go-to gateways for novice enthusiasts looking to buy small, medium, and large amounts of cryptocurrency. Coinbase is one of the most popular platforms in this regard, even though there
Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck […]
The bitcoin exchange industry is widely considered to be in a process of transition, with big players stepping in and acquisitions leading to greater consolidation. As such it is not surprising to hear that Bitstamp is on the shelf, although a rumored buyer now denies it. Also Read: Bitcoin in Brief Wednesday: Crypto Leakers, […]
The hacked Japanese cryptocurrency exchange Coincheck has officially been acquired by one of Japan’s largest online brokerage firms. Monex Group has outlined its plans of reviving Coincheck and the risks associated with the acquisition. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Acquisition Completed Coincheck has officially become a wholly-owned subsidiary of Monex Group […]
Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Coinbase’s Latest Acquisition San […]
Yahoo! Japan has confirmed that it is entering the crypto space by acquiring a stake in a Japanese cryptocurrency exchange that is already licensed by the country’s financial regulator. The company plans to launch a crypto exchange in the fall of this year. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Yahoo! […]
The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own. Also Read: Japanese Police […]
The cryptocurrency mining market in North America is facing a major consolidation as one of the biggest players is taking over another. The resulting combined company will be publicly traded and control over 21,000 rigs, consuming 28 MW of power and with an ability to grow to over 90 MW. Also Read: Bitcoin Mules […]
Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of […]