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Coinbase is hailed as a paragon of the cryptocurrency industry, its CEO’s every utterance amplified and its every coin listing over-analyzed. Lauded for introducing millions of people to cryptocurrency, Coinbase is regarded as a net good for the crypto space. But there’s a less savory side to the San Francisco exchange that’s seen prominent customers … Read more
Binance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U.S. economic sanctions, in line with its controversial revised terms of use. However, the ban affects entire populations in countries such as Zimbabwe, where U.S. restrictions are supposed to specifically target individuals and companies. Also read: Bitcoin … Read more
The Romanian judiciary has decided to hand over to U.S. authorities the founder and CEO of Coinflux, one of the country’s cryptocurrency exchanges. Vlad Nistor has been accused of a number of crimes including the laundering of illicitly obtained funds through his digital asset trading platform. Also read: Russians See Growing Number of Options to … Read more
An Indian cryptocurrency exchange, which is now live in 45 countries, reports that it is “seeing immense enthusiasm and buyer activity in Venezuela,” a spokesperson for the exchange told news.Bitcoin.com. Compared to other countries, “Venezuelans are looking more at the longer-term yield of bitcoin.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive … Read more
Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring. In the past year, Russians also saw a growing number of other options to purchase digital coins. Also read: Abkhazia Temporarily Shuts Down … Read more
Ifinex, the operator of Bitfinex and Ethfinex, is planning to briefly restrict access to the crypto trading platforms on Jan. 7 while migrating data to its new servers in Switzerland. Also in The Daily on Sunday, Indian exchange Koinex has updated its security features and Huobi’s mining subsidiary is preparing to launch a new trading … Read more
Electrum developers have confirmed reports of an attack against the popular cryptocurrency wallet. Also covered in The Daily, Huobi Derivative Market’s daily trading volume has reached $1 billion, and one of the founders of Brazil’s leading crypto exchange Foxbit has died in a car crash. Also read: UFC 232 to Have Official Crypto Partner, 5% … Read more
Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27. Also read: Wine Retailer to Buy … Read more
According to Chinese state media, the Shanghai and Shenzhen stock exchanges have carried out investigations into 30 percent of companies listed on their exchanges that are performing operations pertaining to distributed ledger technology (DLT). Of the companies investigated, less than half were able to demonstrate applications for blockchain technology. Also Read: Chatter Report: Vitalik Doesn’t Believe … Read more
The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation. According to a recent report, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.” Also read: Report: Indian Government Panel Submits Crypto Recommendations Legalizing With Strong … Read more
