Cryptocurrency Exchange

Binance’s ‘Chinese Twitter’ Gets Blocked for Unknown Violations

Binance’s official account on China’s major microblogging website Weibo has been blocked. The account of the major global exchange was blocked on Nov. 13, purportedly due to violations of the site’s policies, Taiwan-based publication The China Times reported on Nov. 15. At press time, Binance’s Weibo page is blocked, displaying a notice that the account …

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John McAfee: Authorities Should Not Expect Crypto Firms to Stop Crypto Crimes

John McAfee said that it is not the responsibility of cryptocurrency firms to help prevent crypto use in crime. McAfee delivered his remarks in an interview with Washington D.C.-based news agency The Hill on Nov. 11. McAfee argued that authorities should not require cryptocurrency companies and trading platforms to help them control digital currency use …

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Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report

A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.  As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans. RBC reportedly planning multifunctional exchange RBC …

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Crypto News From Japan: Nov. 2–9

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese financial regulator solidifies its policy of banning trusts that invest in crypto, more than 20 companies launch a consortium that aims to raise funds with security tokens, and Coincheck starts its automated cryptocurrency accumulation service, while it denies having had any previous …

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Micree Zhan Claims He Was Removed From Bitmain Without Consent

Micree Ketuan Zhan, the co-founder of major Chinese Bitcoin (BTC) mining hardware producer Bitmain, claimed that he was removed as a legal representative of the company without his consent. On Nov. 7, Samson Mow, the CEO of Blockstream, posted a statement from Zhan on Twitter, in which the Bitmain co-founder claimed he would take legal …

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Hong Kong Regulator to Unveil New Cryptocurrency Exchange Rules

Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — will publish a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges today. The news, reported by Reuters on Nov. 6, was announced by Chief Executive Ashley Alder at a local fintech event.  Regulatory clarity for crypto exchanges operating in Hong Kong …

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Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange. In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers, according to CBC news. Following …

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SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft

Gregg Bennett, a SIM-swap hack victim and angel investor, sued cryptocurrency exchange Bittrex over allegedly allowing the theft of nearly $1 million in Bitcoin (BTC). According to a press release published on Oct. 30, Bennett believes the exchange violated its own security standards and allowed hackers to steal his cryptocurrency in April. The lawsuit, filed …

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Nasdaq-Powered Security Token Exchange Shutters to Pursue Merger

Just nine months after its launch, the Nasdaq–powered digital trading platform DX.Exchange is temporarily shutting down as it pursues a merger or outright sale. The Estonia-based platform made the announcement on Nov. 3, informing users that “the costs of providing the required level of security, support and technology is not economically feasible on our own.” …

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Are Stablecoin Futures Built to Last?

OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could open the door for many new retail traders. Related: Bitfinex …

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