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cryptocurrency

11 cryptocurrency exchanges in South Korea reportedly shut down

The Financial Services Commission, South Korea’s top financial regulator. Reportedly planning to shut down a dozen local cryptocurrency exchanges due to fraud allegations. According to the local news agency The Korea Herald. The FSC will shut down at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities. And fraudulent collective accounts. […]

cryptocurrency exchange bitfinex lists $280M crypyto hedge fund

Cryptocurrency Exchange BitFinex Lists $280M Crypto Hedge Fund

BitFinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fun Fulgur Alpha, which is currently worth $280M dollars. According to BitFinex, the fund – which is only accessible to professional investors – […]

brazilian cryptocurrency exchanges hits hard with crypto tax regulations

Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations

Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year. And, February saw some of the results of those actions. Bitcoin.com has reported that two major cryptocurrency exchanges based in the South American nation have been shut down following threats of […]

cryptocurrency exchange bitfinex

Cryptocurrency Exchange Bitfinex Introduces Sub-Account Feature

Cryptocurrency exchange Bitfinex releases a new feature on its platform. Institutional traders worldwide can now create up to 100 trading accounts within one master account. According to the announcement, the ‘Sub-Account’ feature in Bitfinex is enabled in response to the flowing customer demand. It will allow users in the first place to deploy various trading […]

south korean cryptocurrency exchange platform bithumb

South Korean Cryptocurrency Exchange Platform Launches R&D Center

The major South Korean cryptocurrency exchange platform, Bithumb launches its own research and development center. The announcement goes live by the company. It states that Bithumb is the first company with a blockchain and cryptocurrency research recenter in South Korea. With this establishment, Bithumb has high hopes for the research center’s impact on the company. […]

ID Check mandatory for Cryptocurrency Exchanges

Lithuania Makes ID Check Mandatory for Cryptocurrency Exchanges

To curb the money laundering entities, Lithuania’s finance ministry is going to introduce new regulations for the crypto exchanges running in the nation. The new rules make customer ID Check mandatory for Cryptocurrency Exchanges for any kind of transaction. The parliamentary body has approved of the new regulations. However, there is no information on the […]

Cryptocurrency Exchange OKEx Launches Crypto Derivative Product

Cryptocurrency Exchange OKEx Launches Crypto Derivative Product

OKEx, a Malta-based cryptocurrency exchange, has launched Perpetual Swap. The new crypto derivative product is claimed to be a virtual derivative that allows users estimate the future value of Bitcoin vs US Dollar, as per the OKEx’s index. The digital asset exchange company believes that blockchain will remove the barriers and increase the efficiency of transactions.

Nasdaq and Fidelity Invest $27.5 million in New Cryptocurrency Exchange

Nasdaq and Fidelity Invest $27.5 million in New Cryptocurrency Exchange

Nasdaq Ventures and Fidelity Investments have invested an amount of $27.5 million in ErisX, a new cryptocurrency exchange. Keeping in view the regulatory matters, the company has stated that it will utilze the latest investment from Nasdaq and Fidelity to create a more secure environment for digital assets.

Insiders say the majority of Korean crypto exchanges will close this month

Insiders say the majority of Korean crypto exchanges will close this month

The deadline for South Korean crypto exchanges to meet new compliance requirements is fast approaching. All operators expected to submit requests for official licenses to the Financial Services Commission (FSC) by September 24. For much of the past year, industry actors. And representatives for smaller exchanges have fought the new requirements but without success. According […]

Russian central bank
Source: Adobe/999xy

Russian Central Bank has told domestic banks to block crypto exchange transactions

The Russian central bank has told domestic commercial banks to block the crypto exchange-related card and e-pay transactions for their customers. The Bank of Russia stated in an official statement that internet-based “shadow economy”-related businesses must be eliminated. It urged domestic banks and e-payment providers to identify all accounts. And e-wallets associated with “illegal business […]