Shock hack of ‘licensed’ Japanese exchange Zaif
Japan has suffered its 2nd major exchange hack of the year, as popular low-fee exchange Zaif has announced today that it was hacked for $60 million on September 14th.
Is the term ‘Decentralized Exchange’ an oxymoron?
There has been a lot of media coverage and chatter in the crypto community over the concept of ‘decentralized’ exchanges. Unfortunately, this type of coverage magnifies the confusion among crypto enthusiasts regarding market structure and price discovery. It is vital to separate discussions of price discovery from the settlement process. Otherwise, ‘decentralized exchanges’ that have limited (or no) price discovery mechanisms will continue to be promoted as panaceas.
China’s exchange ban starts closing services
September has been a wild ride for Bitcoin, echoing January 2017 as a month dominated by news driven by the Chinese government. The current round of announcements began on the Sept 4, when the government made the sale and trading of ICO tokens illegal across China. Many of these digital assets were traded on bitcoin exchanges.
How stock exchanges are experimenting with blockchain technology
Blockchain has been called the future of financial services infrastructure. While banks were among the first to hop aboard the blockchain bandwagon, stock exchanges have been quick to keep pace. Here’s how some of the most prominent stock exchanges in the world are working to leverage the distributed ledger technology in order to fundamentally overhaul traditional mechanisms.
Japan’s largest Forex market opens Bitcoin exchanges to overwhelming demand
The much-anticipated Z.com Coin bitcoin exchange, a new division of Japan’s leading provider of both Internet services and Forex exchange, GMO, recently opened to staggering traffic volumes.
Cancoin is building a LocalBitcoins alternative for professional OTC bitcoin traders
Cancoin is a new peer-to-peer (P2P) bitcoin exchange based in Canada, aimed at professional over-the-counter (OTC) traders. “The OTC market for Bitcoin is bigger than the exchange market,” Civic CEO and Gyft co-founder Vinny Lingham wrote in the summer of 2016. “Exchanges set the price but large trades don't happen there.”
Ethbits.com developing ‘Alternative Exchange’ for cryptocurrencies
Ethbits.com is raising funds to develop a platform designed to take LocalBitcoins style trading to the next level. The UK registered company has already developed a platform called Ethbits Local, which facilitates peer to peer online trades as well as face to face trades for a range of Cryptocurrencies.
Japanese internet giant, GMO, entering bitcoin exchange and wallet markets
The largest internet conglomerate in Japan, the GMO Internet Group, recently announced that they will be diving into the cryptocurrency industry, adding another own wallet and exchange to the already-competitive Japanese Bitcoin landscape. A new company founded specifically for this venture, GMO Wallet Co., Ltd., was founded in October.
Federal judge orders Coinbase to turn over bitcoin user data
A federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to obtain information about U.S. taxpayers who conducted transactions through Coinbase from 2013 to 2015.
Korean stock exchange launches Blockchain-based startup market
The only securities exchange in Korea, Korea Exchange (KRX), recently launched a blockchain-based marketplace where equity in startup companies can be traded, called the Korean Startup Market (KSM).
The oldest bitcoin exchange, BTCC, moves into the US market
The longest-running bitcoin exchange still in service, Bitcoin China, recently opened a new US Dollar denominated platform for spot and margin trading. The new real-time exchange, currently in beta, offers Market, Limit, Stop, and One Cancels the Other (OCO) orders for spot trading. The Pro trading platform, also in beta, adds 25x margin trading.
Myanmar’s new Stock Exchange using Blockchain to solve unique problems
Myanmar’s nascent Yangon Stock Exchange (YSX) will be using blockchain technology in its settlement platform, and putting it into practical use within two years. Having only opened for trading this spring, two stocks are currently trading on the exchange with four more on the way.
Bitfinex hacked, halts trading, deposits and withdrawals
Earlier today, Bitfinex announced a security breach requiring them to halt all trading, deposits, and withdrawals on the Hong Kong-based bitcoin exchange.
Asset holders to earn interest from fees on decentralized exchange OmniDex
The Omni Layer Foundation recently released the latest version of its Decentralized Exchange, OmniDex 2.0. Omni holders will soon start receiving 0.05% of the exchange volume as interest, after an introductory month of fee free trading.
Bitstamp tackles the foreign exchange market, launches EUR/USD trading pair
As of today, Bitstamp clients are now able to trade Euros for Dollars on the Luxembourg-based bitcoin exchange. “We are excited to announce that our clients can now use our new EUR/USD trading pair,” the company said in a statement on Monday. “The new trading pair allows for better mobility of funds and new arbitrage opportunities.”
Kraken’s business booms, as Money Partners Group joins SBI Investment in ‘multi-million dollar’ investment
Launched in September 2013, Kraken is the world's largest global bitcoin exchange in euro volume and liquidity. The San Francisco-based company has seen extraordinary growth lately, expanding its business in Europe, North America, and Asia. The company acquired prominent bitcoin exchanges Cavirtex and Coinsetter in January, enabling the expansion into Canada, 37 American states, and Washington DC.
