Exclusive Articles - Cryptonews (Page 228)

Kraken Sticks to USD 4 Billion Valuation, Raising USD 10m From Clients

San Francisco-based cryptocurrency exchange Kraken, one of the top 50 cryptocurrency exchanges by trading volume, aims to raise USD 10 million by selling 0.255% stake in the company to their customers, which puts valuation of the company at almost USD 4 billion. At pixel time, the company managed...

, by Sead Fadilpašić

G20 Might Create a Registry of Cryptocurrency Exchanges

In an effort to prevent digital money laundering, the Group of Twenty (G20) major advanced and emerging economies are expected to agree on creating a registry of cryptocurrency exchanges, Nikkei reported, citing no one. The report did not provide any further details about the agreement. As...

, by Sead Fadilpašić

Crypto-keen S Korean Tech Giants ‘Six Months ahead of Facebook’

A report in South Korea claims that two of the country’s biggest IT companies are hoping their blockchain technology related activities of recent months will help them steal ahead of Facebook and its new Libra project – both domestically and abroad.Fn News claims that the Kakao Group...

, by Tim Alper

Binance and BitMEX Fuel Competition in Crypto Derivatives Market

The crypto derivatives market is heating up as two major exchanges - Binance and BitMEX - are about to launch new products on their platforms. Speaking at the Asia Blockchain Summit 2019 in Taipei on Tuesday, Binance CEO Changpeng “CZ” Zhao said that his exchange plans to release...

, by Fredrik Vold

Electronics Giant LG and Unicorn Might Launch Crypto Businesses

East Asia’s cryptocurrency scene could soon welcome two new big-hitting players – in the form of South Korean mobile finance provider Toss and electronics giant LG.Per a report from Newsway, Toss is one of three mobile finance companies hoping to win approval for securities trading from...

, by Tim Alper

Who Remains in the Unhacked Exchange Club After Binance Drama?

In the light of the recent Binance's BTC 7,000 hack, the circle of established and unhacked cryptocurrency exchanges is shrinking. Although crypto exchange hacks are nothing new, the recent hack shows that even the most popular and seemingly trustworthy exchanges aren't immune to hackers. Despite...

, by Eimantas Žemaitis

Crypto Industry vs G20: a Fight Against ‘Draconian’ KYC Procedures

The cryptocurrency industry is not happy with the possibility of G20, the group of 19 large countries and the European Union, imposing stricter know-your-customer (KYC) procedures on cryptocurrency exchanges and related businesses. Calling it “more draconian than the BitLicense [New...

, by Sead Fadilpašić

Russia ‘Suspends’ Crypto Legislation, Blames FATF Ruling for Delay

The Russian government has postponed the introduction of its planned cryptocurrency regulations – laying the blame for the delay at the feet of the international Financial Action Task Force (FATF).New agency Tass reports that the legislation – which had been slated for a second reading...

, by Tim Alper

Japanese Parliament OKs Crypto Law Changes, Limits Speculative Trading

Japan’s parliament has approved amendments to two financial laws – officially changing the legal name for cryptocurrencies to “crypto assets,” and outlawing market manipulation.The country’s upper house approved amendments to the Fund Settlement Act and the Financial...

, by Tim Alper

New Draft Bill Wants to Imprison for Holding Crypto in India – Report

India is not showing any signs of loosening its limitations on digital tokens. This time, anybody who mines, holds, or sells cryptocurrencies might be punished with a jail term IF the new proposal is accepted, according to local media reports. Furthermore, India also might be planning to launch...

, by Sead Fadilpašić

Moscow to Consider ‘Legalizing Cryptocurrency Trading’

The plot continues to thicken for cryptocurrency investors in Russia – after a senior finance ministry official appeared to open the door to legalizing crypto-trading.Per news agency Interfax, Deputy Finance Minister Alexei Moiseev stated last Friday, “The government may make it legal...

, by Tim Alper

What We Know About the “Secret” Debate Between Hayes and Roubini

A recording of a highly anticipated debate between the well-known crypto critic Nouriel Roubini and the outspoken CEO of the crypto derivatives exchange BitMEX Arthur Hayes, is not available for the public to watch yet, but witnesses have started to share their impressions.The debate, dubbed...

, by Fredrik Vold

Facebook Defends Libra in the Senate, Has No Plans for India (UPDATED)

Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now. (Updated on 13:34 UTC: comments by Federal Reserve Chairman Jerome Powell...

, by Fredrik Vold

Crypto Companies Rush to Capitalize on Amazon Prime Day

Another Amazon Prime Day is upon us, offering to its Prime subscribers various, deep discounts on pretty much anything sellable and purchasable, and some crypto companies have decided to join this hunt for best deals, offering their own discounts.The annual shopping holiday launched on July 15th...

, by Sead Fadilpašić

Bitstamp Snatches Coinbase Insider as Operator Sale Looms

Cryptocurrency exchange Bitstamp has appointed Hunter Merghart, Coinbase’s former chief of trading, as the new head of its American operations.Merghart’s track record includes the development of Coinbase’s over-the-counter (OTC) trading operations, as well as general business...

, by Tim Alper

Facebook Snaps up Coinbase Compliance Pros

Social media giant Facebook appears to have poached two of cryptocurrency exchange Coinbase’s most experienced compliance experts as the social media giant reportedly gears up for a token launch.Mikheil Moucharrafie, who spent four years working on compliance issues at Coinbase last month...

, by Tim Alper

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