Eun Seong-soo, chairman of the Finance Committee in South Korea, said this morning that over 200 cryptocurrency exchanges at the risk of being closed down in September this year if they fail to follow the relevant regulations, as per a report on leading local outlet Chosun. origin »
Binance is one of the biggest exchanges in the world, so it didn’t take long for news to travel quickly over the shutdown of offices in Shanghai. Now, according to new reports, one of the offices shut down previously belonged Babi Finance, which is one of the investments of Binance. While these details were meant […]
Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet.
Twitter handle @cnLedger on November 25, 2019, quoted the People’s Bank of China’s (PBoC) newly released China Financial Stability Report 2019, where the apex bank stated that the Chinese regulators had clamped down on 173 cryptocurrency trading and token issuing platforms in the country.
China has reportedly shut down all cryptocurrency exchanges operating within the country, according to a Twitter update from Chinese blockchain outlet CnLedger. CnLedger quoted the People’s Bank of China (PBoC) Financial Stability Report (2019), stating that “the 173 Chinese virtual-currency trading and token issuing platforms have all exited without risk.
China seems to be very ambitious when it comes to putting down illegal cryptocurrency activities, causing a lot of speculations in the country. After Shanghai has investigated the local crypto marketplace, it’s the technology capital Shenzhen’s turn to so the same.
A joint partnership between two crypto exchanges has been unveiled — and both companies say it could transform the listing process for coin projects. In the past, crypto startups have faced an uphill struggle when trying to secure a presence on multiple platforms.
The government of South Korea wants all unregistered crypto exchanges in the country to shut down. If they don’t, their owners may go to jail. Recently, lawmakers of the country decided that all exchanges should register with the Financial Services Commission (FSC).
FNB Bank, which is one of the ‘big five’ South African banks, has decided to shut down accounts owned by crypto exchanges in the country. However, the bank was quick to note that should the country implement clear-cut cryptocurrency regulations, it might reverse the policy.
When the crypto bubble originally happened, there were new crypto exchanges popping up daily. However, a recent article in Forbes points out that these numbers are now going in the opposite direction, and there are new exchanges shutting down almost daily.
South Africa’s First National Bank (FNB) bank has announced that it will be shutting down accounts linked to cryptocurrency exchanges. In the process of cracking down on cryptocurrencies, banks themselves are experiencing the heat of negative interest rates and billions in fraud.
FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut cryptocurrency regulations in South Africa may trigger a reversal of the policy.
Regulators in China have yet again taken to cracking down on cryptocurrency exchanges just weeks after President Xi Jinping publicly promoting the blockchain technology reviving the digital asset speculation.
Over the past 11 years, numerous cryptocurrency exchanges have been hacked. The total amount of funds stolen because of these incidents has become astronomical. Even in 2019, that trend is not slowing down.
What has been a fairly bad few weeks for cryptocurrency exchanges, just got a little worse? A Vancouver-based crypto trading platform, Einstein Exchange, has been closed by Candian authorities; while still owing $16 million in outstanding obligations.
The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply.
While 2019 has seen the crypto-market grow significantly, regulatory uncertainty is still making operation difficult for a lot of crypto-entities. In fact, various cryptocurrency exchanges have bit thThe post Nasdaq-backed DX.
Singapore based crypto exchange Huobi is set to freeze accounts controlled by US residents in an effort to crack down on those individuals violating the User Agreement, according to a post on their website.
Few crypto assets have outperformed bitcoin this year, but the handful that have are predominantly exchange tokens. Their success attests to that of the token sale launchpads they have hosted, which have in turn driven demand for exchange tokens.
Bitcoin (BTC) hasn’t been doing too hot as of late. If you haven’t been living under a rock, you know that. As of the time of writing this, the leading cryptocurrency is trading at $7,400 on major exchanges.
It’s been a hard year for crypto users in the US. The IRS has started chasing down crypto taxes, various exchanges have withdrawn services from US users, and most recently, Telegram has come under the wrath of the SEC, accused of selling unregistered securities.
Exchanges have still not cleaned up their act. In September, a month where the Spot market was left aside and the Futures market was at the fore, with the anticipation and eventual let down of Bakkt, the former saw significant movement.
The flows of stablecoins between exchanges has slowed down dramatically over the past few days, signalling that no new sums are prepared to boost price action. Stablecoin Parked on Exchanges, Awaiting Action Stablecoins moving between exchanges are an indicator of potential trading activity.
The UK’s Financial Conduct Authority is cracking down on cryptocurrency exchanges, ATMs, and open-source projects like wallet providers. These services will have to comply with anti-money laundering regulations by 2020, imposing banking-style controls over crypto in the nation.
South Korea’s regulatory authorities have strongly favored backing blockchain-related projects over decentralized cryptocurrencies. Some recent events confirm that the nation’s government is more supportive of distributed ledger technology (DLT) itself rather than speculative tokens. Around...
Even though CoinGecko’s Bobby Ong believes that IEO is a short-lived term, a recent study highlighted that the craze for ICOs has sobered down as the focus has shifted to IEOs. Several popular cryptocurrency exchanges including Binance and BitPanda have carried out the same.
It is always unfortunate to see cryptocurrency companies meet their limits. For trading platforms and exchanges, those limits often consist of financial constraints. Although CoinExchange. io was never a major trading platform, it had a loyal following among altcoin traders, Unfortunately, the company will shut down in two weeks.
Major cryptocurrency exchanges have come together to formulate a rating model for cryptocurrencies to justify the listing of a cryptoasset to American regulators, as reported by Wall Street Journal, September 30, 2019.
Bakkt up or shut up. A month ago, the CME looked down and out and now, it’s anything but. Bitcoin Futures, from a regulated standpoint, was associated with the CME and the CBOE, following the Chicago exchanges’ entry into the crypto-derivatives space two years ago.
The cryptocurrency market is changing for the better, according to research from the Blockchain Transparency Institute. In their latest Market Surveillance Report, BTI revealed that that numerous exchanges are cooperating with its verified program to stamp out wash trading.
Asian cryptocurrency exchanges have taken a negative stance toward private and anonymous cryptocurrencies. As a result, the likes of Monero and ZCash can no longer be traded on most platforms. This creates a very uneasy situation which seems to grow progressively worse.
The surprise announcement earlier this week that the top bitcoin exchange in Thailand was closing down sent shock waves through the Asian crypto community. BX was one of the most popular exchanges in the region and speculation is growing as to why the company made the snap decision to suddenly axe a clearly profitable venture.
If you think that virtual reality is something that relates exclusively to the field of games and entertainment, then you are deeply mistaken. Goldman Sachs predicts that by 2025, the VR industry will grow up to $ 80 billion.
Two years ago, on September 4, 2017, the People’s Bank of China (PBOC) shut down local cryptocurrency exchanges over concerns that unregulated assets like bitcoin allow residents to bypass strict capital controls.
Coinspeaker Yet Another Cryptocurrency Exchange Shuts Down, This Time in ThailandThailand-based cryptocurrency exchanges, Bitcoin Co. Ltd will be closing down its cryptocurrency trading department.
One of Amazon’s services is providing cloud service to many firms, especially in the crypto world. On Friday, there were some problems in Amazon’s cloud service, AWS which disrupted the services at some cryptocurrency exchanges.
In 2018, IDEX was undoubtedly the uncontested leader within the decentralized crypto exchange space. The then behemoth of decentralized exchanges frequently ran 24h trading volumes of $5million USD and was responsible for the majority of transactions in the Ethereum network.
Most thought that trader Michael Burry was crazy when he started shorting stocks in 2008. But he felt that the market was overheated and the prices would eventually drop. His intuition was right – and it made him $100 million richer.
According to Primitive founder, Dovey Wan, the latest Bitcoin sell-off is down to a major Chinese ponzi scheme. Little known outside of China, PlusToken scammed over 200k BTC and 800k ETH, which are now hitting exchanges in batches.
Exchanges set the tone for the market again. Now this is margin trading. And Binance is ahead again. It seems that an autocrat appeared in a decentralized crypto community, a dictator who dictates the rules to the entire market.
Even if the US pass prohibitive laws to "tame" cryptocurrencies, Bitcoin (BTC) will survive. China and India are trying only publicizing the coin's ability.
The post Bitcoin (BTC) Will Survive Even If Exchanges Are Shut Down appeared first on Ethereum World News.
Decentralized exchanges aren’t simple, but they become easier to use every day. In the latest improvement to user experience, KyberSwap announced the launch of non-custodial limit orders, allowing users to approve trades in advance without depositing funds with the exchange.
Binance, one of the world’s largest exchanges, witnessed a massive inflow of USDT as much as a billion dollars [yes, you read it right, $1 billion] in Tether, which ultimately went into Bitcoin.
BitMarket, one of the largest cryptocurrency exchanges in Poland, shut down citing liquidity loss. More information about “further steps” the exchange will take will be available ‘soon,’ according to the company’s official blog post.
A Poland-based Bitcoin exchange has abruptly shut down operations, taking away the cryptocurrency funds of thousands of users alongside. BitMarket announced on Monday that it ran out of liquidity on July 8, which prompted them to cease their operations for an indefinite period.
A cryptocurrency exchange based in Tokyo called Bitflyer has recently decided to let its customers open up accounts again after around a year in which the company voluntarily decided to shut down new registrations after receiving an operational improvement order from the Financial Services Agency (FSA), the watchdog that takes care of crypto exchanges in […]
As on-chain derivatives continue to expand at record pace, the perpetual DEX sector has entered a phase of intensifying competition. This environment is characterized by record volumes, growing demand for market depth, and heightened user sensitivity toward fees.
One of the most notable on-chain crypto traders, known as 0xFC78, has had his fortunes crucially reversed due to suffering his two recent high-leverage trades.
In the crypto market, the ability to earn and withdraw should be basic expectations—yet many exchanges fail to deliver. A recent experience by a Zoomex user challenges this norm, and his story deserves to be shared.
Shiba Inu price is holding its yearly low while recording a sudden 1,000% surge in burn rate, raising the possibility of a reversal forming at a major support level.
Ethereum price continues to show weak momentum as bearish candles strengthen, increasing the likelihood of a deeper correction toward key lower support levels.