Category: Cryptocurrency Exchange

Paxos Says It Has Issued $50 Mln of Recently-Launched Dollar-Backed Stablecoin

Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin, according to a Tweet from a senior employee October 15. As previously reported, the Ethereum (ETH) blockchain-based stablecoin, dubbed Paxos Standard Token (PAX), sealed regulatory approval from the New York State Department of Financial Services (NYDFS) in early […]

Coinbase Launches First ERC-20 Token on Platform

Leading U.S. cryptocurrency exchange Coinbase has started listing 0x (ZRX) token, according to an announcement published Oct. 11. The move marks the first time Coinbase has added support for an ERC-20 token. ERC-20 tokens are tokens developed and used solely on the Ethereum (ETH) platform, where ERC stands for Ethereum Request for Comment, and 20 […]

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.” As reported Oct. […]

Binance, a16z-Backed Oasis Labs Launches Blockchain Startup Hub

Blockchain cloud computing platform Oasis Labs announced a partnership with major names in crypto and venture capital to launch a blockchain tech hub called the Oasis Startup Hub, the firm announced at San Francisco Blockchain Week October 8. According to the company’s press release, the Oasis Startup Hub aims to create an ecosystem for blockchain […]

Winklevoss’ Gemini Crypto Exchange Secures Insurance Coverage for Custodied Assets

Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3. Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade […]

Coinbase Negotiation Could Value Crypto Exchange at $8 Billion

San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion, technology news site Recode reports Oct. 2. Citing anonymous sources familiar with the matter, Recode states that Coinbase is in talks with Tiger Global and its shareholders regarding a possible $500 million investment. The sources reportedly […]

Stellar-Based Zero-Fee Decentralized Crypto Exchange StellarX Is Now Fully Launched

StellarX, a Stellar-based zero-fee decentralized crypto exchange has left its beta phase and was fully launched Friday, September 28. The launch was announced in a blog post by Interstellar, the company behind the platform. The exchange, originally announced in July this year, is based on Stellar’s (XLM) universal marketplace. Stellar is an open-source protocol for […]

Operator of Hacked Crypto Exchange Zaif Gets Third Warning From Japan’s Watchdog

Japan’s Financial Services Agency (FSA) has issued a third business improvement order to the owner of hacked crypto exchange Zaif, Tech Bureau. The news was reported by Cointelegraph Japan today, September 25. As previously reported, as a result of a security breach on the Zaif exchange September 14, hackers succeeded in stealing 6.7 billion yen […]

1 Billion People Will Be in Crypto Ecosystem in 5 Years

Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of  people in the cryptocurrency ecosystem to grow from the current 40 million to 1 billion in the next five years, TechCrunch reported September 7. In an interview with TechCrunch, Armstrong projected that the crypto ecosystem and the total number of digital currencies will grow substantially, […]

Japanese E-Commerce Major Rakuten to Acquire Local Crypto Exchange Everybody’s Bitcoin

Japanese e-commerce giant Rakuten, which has a market capitalization of over $12.5 billion, has revealed a 265 million yen ($2.4 million) deal to acquire domestic crypto exchange Everybody’s Bitcoin, in an announcement published August 31. The deal, which will reportedly be settled by October 1, has been made via Rakuten’s subsidiary, Rakuten Card Co. Ltd. […]