Bitcoin Blockchain and Cryptocurrency News Center
Cryptocurrency exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund now the subject to a liquidation order in the British Virgin Islands. “Three Arrows is rapidly becoming insolvent and the default impact is approximately $270 million worth of cryptocurrency and U.S. dollar loans from Blockchain.com,” Peter Smith, Blockchain.com’s CEO, wrote […]
BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. […]
For decentralized markets to scale globally, the interoperability between cryptocurrency exchanges must be seamless. It’s no secret that Coinbase has played an instrumental role in bringing new users into the crypto space. Coinbase’s friendly onboarding process and status as a publicly traded company allow it to appear as a more traditional investment platform to non-crypto […]
Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations, the CoinTelegraph announced. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date at which the event itself took place is unclear. The same day, founding partner of blockchain-based investment company […]
Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26. At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen […]
Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.” Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1. With new coins emerging all the […]
Riot Blockchain is planning to launch a regulated crypto exchange in the U.S., the CoinDesk writes. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three […]
Two leaders of the South Korean cryptocurrency exchange Komid were reportedly sentenced to serve jail time for faking exchange volumes, Korean crypto media outlet blockinpress reports on Jan. 18. The exchange’s CEO, surnamed Choi, received a three-year sentence, while another company leader with an unspecified role was purportedly sentenced to two years imprisonment for fraud, embezzlement and misconduct, the article […]
Cryptocurrency exchange Binance will open trading of two pairs using Ripple (XRP) as the quote currency, a blog post confirmed Dec. 24. Set to launch the same day, the TRX/XRP (Tron) and XZC/XRP (Zcoin) pairs represent the first time for Binance to use XRP as the base currency. As part of the update, developers will rename the current Ethereum (ETH) […]
Crypto exchange Kraken is on a fundraising drive, offering “select” investors a chance to purchase stakes in the firm. The firm’s CEO, Jesse Powell, confirmed to CoinDesk that his company is looking to tap a small number of clients for a fundraising round valuing the firm at $4 billion. “There is presently a limited time […]