Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case. The Itau Bank, which initially reported the … Read more

Revolut Adds Bitcoin Cash and Litecoin Support for US Customers

Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets. Six weeks ago, Revolut launched a new exchange in the … Read more

Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. Police accuse the exchange’s owner … Read more

Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World

The fervor for cryptocurrency assets in Russia has grown wild over the last few years. This week Xangle Research published a comprehensive report about digital currencies and the Russian environment in 2020. The study’s findings show that Russia is one of the world’s key players when it comes to the crypto economy, but finding reliable … Read more

Bitmex Restricts Ontario Residents as Mandated by Canadian Regulator

Cryptocurrency derivatives exchange Bitmex will be restricting access to users from Ontario, Canada, starting the beginning of next month. The company says the restrictions are mandated by the Ontario Securities Commission (OSC). Bitmex Stops Servicing Users in Ontario Bitmex, a cryptocurrency derivatives trading platform that offers up to 100x leverage, announced Monday that it will … Read more

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