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Exchanges

‘Amazon of Japan’ Rakuten Launches Crypto Exchange Service

</header> <strong>Rakuten, the “Amazon of Japan,” announced the launch of its new crypto exchange platform Monday, August 19, offering spot trading of crypto assets via a dedicated smartphone app. The e-commerce giant has been crypto-friendly for a while now, experimenting and investing in crypto payment systems since at least 2014, but with the launch of …

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Philippines Increasingly Crypto Friendly – A Look at Driving Forces

<header class=”article__header”> </header> <strong>There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple …

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Coinbase Reveals Password Glitch Affecting 3,500 Customers

Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than …

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Binance’s US Arm to Go Live ‘Within Two Months’

The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation, Binance …

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A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience

The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some …

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South Korean Third-Largest Crypto Exchange Publishes Official Listing Criteria

Coinone, a South Korean crypto exchange, has issued listing criteria, laying out in some detail what is required to be traded on the platform. The disclosure on August 8th came just a few days after the exchange announced the signing a deal with CertiK to undertake a security validation and amid a rush in the …

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Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow

British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase. As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018. The news is expected to hit the …

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

</header> <strong>Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive …

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Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds

Poloniex is now crediting trading fees to lenders who lost funds in a May market crash involving the obscure cryptocurrency ClAMS. According to an official blog posting, Circle’s Poloniex exchange will cover lost funds by covering trading fees back through June 6. Poloinex’s Clam margin trading market experience a flash-crash on May 26. A 2014 airdropped …

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Korea Prepaid Card Invests in Blockchain-As-A-Service Company Bezant

Korea Prepaid Card has made a major investment in Singapore-based Bezant, becoming the blockchain developer’s second largest shareholder. The news comes from an announcement on Bezant’s website. The terms of the deal were not disclosed and the exact split is being kept confidential by agreement between the two companies, according to the the release. Since April …

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