Up to 75 cryptocurrency exchanges have closed this year

2020-10-10 17:31

We are only getting into the fourth quarter of the year and so far over 75 crypto exchanges around the world have shut down

The rate at which crypto exchanges are falling off from the market is significantly higher this year. More than 75 crypto exchanges around the world have reportedly shut down. Some have halted operations because of hacks and scams, while others have just fallen off the grid for unknown reasons.

A report from the Crypto Wisser Exchange Graveyard shows that four exchanges, including Italian exchange Altsbit, shut down after suffering huge losses to hacks. Five more were forced to close after they were identified as scams and 31 crypto exchanges ceased their operations voluntarily.

The rest were categorized under MIA, as they had closed and disappeared without disclosing any formal reasons. Those that were forced to end their operations by the government this year are NLexch and Chilebit, which are based in the Netherlands and Chile respectively. Experts in the crypto sector associate the closure of small exchanges with the popularity of decentralised exchanges (DEX) & the booming DeFi space.

The implementation of strict regulatory guidelines has also been highlighted as a reason for the closure of exchanges that could no longer keep up. The futures of BitMEX and Kucoin are seemingly hanging in the balance at the moment. The former is having a run-in with the law after US prosecutors charged some of its executives.

There are also concerns on the viability of the exchange after CoinMetrics reported that over more than $500 million of bitcoins were withdrawn in the space of four days between September 30 and October 3. KuCoin, on the hand, has suffered losses exceeding $200 million due to hacks, although the company is said to have managed to get back on its feet.

The post Up to 75 cryptocurrency exchanges have closed this year appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

New Year Bull (NYB) на Currencies.ru

$ 0.0703336 (+0.01%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.09 %
Cегодня L: $0.0703336 - H: $0.0703336
Капитализация $0 Rank 99999
Цена в час новости $ 0.0557805 (26.09%)

year closed cryptocurrency exchanges far journal coin

Источник: coinjournal.net

year closed → Результатов: 75


Is International Pressures Forcing South African Banks to Close Crypto Exchange Accounts?

The big-four bank, Nedbank, may become the latest financial institution in South Africa to close cryptocurrency bank accounts, reports the local media channel. The bank will be following in the footsteps of the First National Bank (FNB) that closed the digital currency-related bank accounts back in November, last year citing lack of regulations as the […]

2020-1-26 00:55


Фото:

Almost 70 Crypto Funds Close This Year, Twice as Many Launch

Dozens of crypto funds, almost 70, have closed this year, a mainstream media outlet reported. And while the startling number reveals the influx of institutional investors into the crypto space might not be happening at a fast pace, it’s also worth noting that crypto fund launches are projected to reach 140 by the end of […] The post Almost 70 Crypto Funds Close This Year, Twice as Many Launch appeared first on Bitcoin News.

2019-12-6 08:00


Bitcoin Monthly Close Keeps Bull Flag Formation Intact, Target Over $14,000

Bitcoin price has had a stellar year, even despite the recent trend turning bearish after a descending triangle pattern broke down. After three consecutive red monthly candles in a row, October closed green and kept a potential bull flag formation on monthly price charts intact, giving bulls hope that the crypto asset’s 2019 rally isn’t.

2019-11-1 22:00


Bitcoin’s dominance rises to 70%, despite anchoring $100 billion market drop

Bitcoin ain’t down and out yet. With the fourth and final quarter of the year beginning on such a low, perspective matters. During the close of the third quarter of the year, the price of Bitcoin, which had never dipped below $9,000 since June, shaved over 15 percent of its value and closed September at […] The post Bitcoin’s dominance rises to 70%, despite anchoring $100 billion market drop appeared first on AMBCrypto.

2019-10-10 11:30


Фото:

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


Bitcoin Bullish Events Keep Piling Up as BTC Price Momentum is Staying Calm Before the Crypto Storm

Bitcoin price surpasses $8,000 yet again, A break of $8,200-$8,300 seems “imminent” The market is feeling very bullish currently, Bitcoin now less than a year away from the historically BTC bullish halvening event in 2020 After 200 days, Bitcoin finally closed at a higher price than 1 year prior Bitcoin active addresses are back on […]

2019-5-25 19:13


Key Bitcoin Metric Flashes Bullish for First Time in 442 Days

The bitcoin price just accomplished something it failed to do every day for more than a year, and it has speculators foaming at the mouth. For the first time in 442 days, in nearly 15 months, a positive candle of bitcoin was closed on a chart that uses a technical analysis method called the Ichimoku Cloud, a collection of indicators that demonstrate support and resistance levels.

2019-4-4 00:15


Фото:

Public pensions are backing a $40M blockchain fund by Morgan Creek

A prominent digital asset firm has revealed it successfully closed a new $40 million blockchain-specific venture capital fund, thanks largely to contributions made by two public pensions. Morgan Creek Digital, a hedge fund backed by institutional powerhouse Morgan Creek Capital, has launched what it calls the Morgan Creek Blockchain Opportunities Fund, geared entirely toward investing in the digital asset industry.

2019-2-12 14:00


Фото:

Public pensions back new $40M blockchain fund raised by Morgan Creek

A prominent digital asset firm has revealed it successfully closed a new $40 million blockchain-specific venture capital fund, thanks largely to contributions made by two public pensions. Morgan Creek Digital, a hedge fund backed by institutional powerhouse Morgan Creek Capital, has launched what it calls the Morgan Creek Blockchain Opportunities Fund, geared entirely toward investing in the digital asset industry.

2019-2-12 14:00


дальше еще 26 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

US Congressman introduces bill to allow IRS accept Bitcoin for tax payments

US Congressman Matt Gaetz has introduced legislation that would require the IRS to accept tax paid with Bitcoin. If enacted into law, American taxpayers will have the option to pay taxes in BTC. US Representative Matt Gaetz (R-FL),has introduced a new bill that could see Americans pay their income tax with Bitcoin.

South Korean researcher sees risks with spot crypto ETFs

The analysis examines recent approvals of Bitcoin and Ethereum ETFs and suggests that these products could destabilize the financial system. The post South Korean researcher sees risks with spot crypto ETFs appeared first on Crypto Briefing.