Search Results for: crypto exchange

The most money laundering-friendly crypto exchanges in Europe

CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain threat intelligence solutions, claims that Europe has the highest number of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America. Their 2020 Geographic Risk Report argued that “effective Know-Your-Customer (KYC) protocols are an essential component […]

crypto

Most Crypto Exchanges Are Vulnerable To Design, says Bybit CEO

After hackers breached KuCoin, Crypto exchange security is once again in the news. But this shouldn’t surprise people, according to Bybit CEO Ben Zhou, as exchanges are vulnerable by design. Zhou told that, as a single point of failure, exchanges act. Exchanges are vulnerable, as a centralised web application, to the same security problems as […]

Coincheck joins Japan-based exchanges GMO Coin and BitFlyer in supporting trading for Brave’s Basic Attention Token starting on July 21.

Coincheck Crypto Exchange Will Soon Offer Support for Bat Token

Cryptocurrency exchange based in Japan Coincheck will soon be offering support to BAT token holders. The virtual currency exchange will make Brave ‘s Basic Attention Token (BAT) available for trading starting on 21 July, according to Monex Group ‘s announcement on 13 July — the owner of Coincheck since its acquisition in 2018. Following the […]

Women arrested for stealing $480,000 BTC from crypto exchange Bitcipher

Indian Woman Arrested for Stealing Bitcoin (BTC) from Crypto Exchange

Indian woman living in Bengaluru on March 17 was arrested with a proof for allegedly stealing 63.5 bitcoins from Bitcipher Labs. Reports suggest that she is the woman who co-founded the crypto exchange platform Bitcipher Labs in its early days. The thefts took place in two different days: on January 11 and March 11 respectively. […]

Crypto Exchange KuCoin establishes KuGroup to expand services

IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services

Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure the business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside […]

Binance.US

Global Crypto Exchange Binance.US Enables USDC Deposits

Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on 4th March at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for trading or holding With such a measure, ‘Binance.US‘ will allow […]

South Korea passes law to introduce permit system for crypto exchanges

South Korea Passes Law to Introduce Permit System for Crypto Exchanges

On 5th March, South Korea’s National Assembly passed a revised bill on the reporting and use of special financial transaction information, focusing on the introduction of a permit system for crypto exchanges. Accordingly, virtual asset operators such as crypto exchanges would have to report their operations to the Financial Intelligence Unit (FIU) under the Financial […]

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

Estonia grants license to chilean crypto exchange

Estonia Grants License to Chilean Crypto Exchange

Chile’s crypto exchange trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU). It allows providing services for the purchase and sale of crypto assets. Founded in 2016, CryptoMarket joins a select group of Latin American crypto companies operating in the region, with Bitso (Mexico) and Mercury Cash (Venezuela) obtaining […]