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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 … Read more
Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a cryptocurrency exchange after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before. Also read: Yahoo! Japan … Read more
A lot of cryptocurrency enthusiasts rely on centralized exchanges to buy and sell Bitcoin or altcoins. In Canada, there are a fair few trading platforms to use, although they are all seemingly rather expensive. An interesting comparison put together by a Reddit user shows how Canadians are rather shafted when it comes to buying and selling cryptocurrency. … Read more
Japan’s new self-regulatory body’s first task is to bring in the unregistered exchanges, and dispel anxiety around cryptocurrencies in the country. #FOLLOW_UP Go to Source Powered by WPeMatico
South Korean cryptocurrency exchange Bithumb is reportedly re-evaluating its strategy to launch its own coins through a corporation in Singapore, following news of fraud that could have serious side effects to both companies. Under the current laws, Bithumb coins will still be subject to Korean regulation whether launched abroad or not. Also read: Yahoo! Japan Confirms … Read more
The Japanese financial regulator has targeted another cryptocurrency exchange for improvement after an on-site inspection revealed inadequate standards. The exchange must comply and submit a written report next month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Another Exchange Punished The Japanese Financial Services Agency (FSA) has issued another “administrative punishment order” to a … Read more
Sequoia Capital, a venture capital firm headquartered in Menlo Park, California is suing the Chinese founder of the cryptocurrency exchange Binance, Changpeng Zhao (better known as CZ). The American VC fund reportedly accuses CZ of allegedly negotiating with another firm while he signed an exclusivity agreement with Sequoia. Also Read: Bitcoin in Brief Wednesday: Crypto … Read more
A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins. … Read more
On April 25 digital assets are seeing volatile price declines today across cryptocurrency markets worldwide. Over the past 24-hours, the entire cryptocurrency market capitalization has lost more than $30Bn since our last markets update. Bitcoin Core (BTC) market prices are averaging $8,920 right now after tumbling to the $8,700 territories earlier today. Bitcoin (BCH) market … Read more
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, … Read more