Posts Tagged ‘exchange’

Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency

Japanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins. Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities. Of the $59.67 million stolen, almost $20 million belonged […]

Pay for Play: Why Exchange’s Token Listing Fees are Bad for the Industry

Centralized exchanges have the power to make or break a coin–and more often than not, the coins who “become big” are the ones that can pay to play. Coin listing fees could be anywhere from $50,000 to $1 million, the higher end of which is “higher than the cost to list on most stock exchanges.” […]

Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report

New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released by the Office of the New York State […]

Hackers create 1B fake EOS to rob ‘decentralized’ cryptocurrency exchange

Thanks to a security vulnerability, hackers have flooded a “decentralized” token exchange platform with 1 billion fake EOS. By the end of the heist, the thieves were able to steal almost $58,000 in cryptocurrency directly from users. The hackers created a new EOS-based token, named “EOS,” and used it to illegitimately purchase BLACK, IQ, and ADD tokens from […]

China to block more than 120 offshore cryptocurrency exchanges as crackdown escalates

Authorities will block access in China to 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens on the mainland.  Authorities will also continue to monitor and shut down domestic websites related to cryptocurrency trades and ICOs, and ban payment services from accepting cryptocurrencies, including bitcoin. Since the government crackdown began last September, a […]

Mt. Gox preps to return $1B in stolen cryptocurrency to victims

The floodgates have opened for victims of the long-running Mt. Gox saga, which involves over a billion dollars in lost cryptocurrency. Almost five years later, claims can finally be made to have the stolen money returned. All claims must be filed by October 22, and will go directly to Japan’s Civil Rehabilitation Trustee. By February next […]

UAE’s Adab Solutions Launches First Islamic Crypto Exchange

Adab Solutions has launched the First Islamic Crypto Exchange (FICE) and will be launching an ICO in September 2018. The exchange is going to run on the standards set by the Shariah Advisory Board. The company believes that the new crypto exchange will solve the problem of halal cryptocurrency transactions as well as provide entry into […]

Coinbase Forms Political Action Committee, Seeks Greater Cryptocurrency Lobbying Presence in Washington

Coinbase, the popular US-based cryptocurrency exchange platform, has formed a political action committee (PAC). The purpose of a PAC is to raise funds for elections in the United States. Thus, it stands to reason that Coinbase is gearing up to support election candidates in the country ahead of the midterm Congressional elections in November. Supported candidates […]

Cryptocurrency Exchanges Are Getting Hacked Because It’s Easy

Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, ICOs and other digital-currency platforms around the world, according to an analysis by Autonomous Research, a London-based financial-services research firm, bringing the total of hacking-related losses to $1.63 billion. Some of the biggest hacks occurred at Japanese exchanges Mt. Gox in 2014 and Coincheck […]

Guide To Top Cryptocurrency Exchanges

There are more than 1,600 cryptocurrencies in circulation today, with a combined market cap of over $289 billion, according to CoinMarketCap data. Investors around the world are eager to trade in this rapidly-growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies. […]