Market makers, takers and fakers: Which exchanges are built to last?
Reputable US-based exchanges are fast losing ground to those in less regulated jurisdictions. Figures suggest Coinbase and Kraken have lost between 73% and 83% of their overall trading volume over the past year to dominant crypto-to-crypto exchanges Binance and OKEx. Where would you put your money?
Are Atomic swaps potential exchange killers?
With the mainstream media tending to focus its crypto coverage on the price volatility of bitcoin, many of the advances taking place in cryptocurrency are underreported and misunderstood. Atomic swaps are one of the innovations that fall into this category.
Why distressed digital exchanges are ideal takeover targets
Coincheck and Poloniex, the recently-hacked crypto exchanges that lost millions to cyber theft, were recently acquired by other financial companies, one of them a listed Japanese firm. Are distressed crypto exchanges becoming attractive acquisition targets?
Crypto exchange moves to the home of online gambling
Just a day after being issued with a warning by the Japanese Financial Services Authority over its lack of registration in the county, the Japanese crypto exchange Binance announced it would close its Tokyo office and set up in Malta. The jump from Japan to the small Mediterranean nation is a big change in financial culture for the world’s largest cryptocurrency exchange.
Binance denies ‘criminal warning’ from Japanese regulator
The sharp pullback in the price of Bitcoin late on Thursday was attributed to the news that Japan's regulator had issued a warning to Binance, one of the world's biggest cryptocurrency exchanges, that it was operating in the country illegally and criminal charges would be filed if it did not cease.
The compelling case for decentralized crypto exchanges
The decentralized nature of digital currency networks is one of the main advantages that cryptocurrencies have over fiat currency, as it eliminates third-party risk. Instead of having to trust a financial intermediary with your finances, you can rely on an immutable transaction ledger that is constantly being audited through the use of cryptographic proofs.
Japan’s Financial Services Agency approves first bitcoin exchanges
The Japanese Financial Services Agency (FSA) has released a list of the first 11 companies permitted to operate exchanges that trade fiat currencies against digital currencies such as bitcoin. Since the Payment Services Act (which legalized digital currencies in Japan) went into effect in April this year, all companies trading fiat for cryptocurrencies were required to register as a ‘virtual currency exchange business’. The law was enacted with the provision of a 6-month grace period to give companies the opportunity to complete registration. Those operating digital currency exchanges before the introduction of the registration system were labeled ‘deemed operators’ and fell into a few different statuses. According to the Japanese financial publication Newspicks, 17 companies remain under review,12 have chosen to shut down at their own discretion and two have not applied for registration.
Fourth largest Bitcoin exchange. Bithumb, hacked for billions of Won
The largest bitcoin and Ether exchange in South Korea by volume, Bithumb, was recently hacked. Monetary losses from compromised accounts have started to surface, and are quickly reaching into the Billions of won.
Leading Australian Bitcoin exchange ACX acquiring DigitalX Direct customers
Blockchain Global Limited (BGL) recently announced that DigitalX will onboard all of its existing platform customers to BGL’s Bitcoin exchange platform, ACX.io. Customers will be introduced to Blockchain Global Limited as the DigitalX Direct platform winds down its operations. ACX is already the largest Bitcoin exchange in Australia by volume.
Have we just seen the end of fake Chinese bitcoin trading volumes?
Four Chinese bitcoin exchanges, including the three top exchanges in the world by volume, have each announced that they will start charging 0.2 percent fees on all trades, starting Tuesday the 24th.
Vietnam’s Growing Bitcoin Sector Adds It’s First BTC Exchange With Leverage Options
Vietnam's appetite for 21st Century Financial Products is helping bring Forex-Traders into the world of Crypto-Currency. With the aid of Vietnam's first Leveraged Bitcoin Trading platform, the country is gunning to become a leader in the Bitcoin Trading space.
