Bitcoin Exchange Crypto HitBTC 

Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. High-Profile Users Get Their Issues Resolved ⚠️🔥Looks like @hitbtc have decided to go full scammer, and are stealing balances of users (including me).🔥⚠️ Probably a good idea to get anything you have there off, and take care not to use…

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Bitcoin Exchange Bitcoin Law bitfinex Crypto new york Stablecoins Tether 

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

By CCN: The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit. Bitfinex: Supreme Court Ruling a “Victory” The embattled exchange called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already admitted that as much as $850 million evaporated from its coffers while Tether Limited has publicly confessed to only partially backing the world’s oldest stablecoin. Under the order, Tether and Bitfinex can continue…

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Binance Bitcoin Crime Bitcoin Exchange bitcoin hack Changpeng Zhao Crypto 

Binance Suffers a Security Breach, CZ Calls It ‘Not the Best of Days’

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding. As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings. Binance issued the following statement:…

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Bitcoin Exchange Crypto crypto traders 

22 Million US Crypto Traders Dwarf Global Rivals

By CCN: The overwhelming majority of crypto traders come from the United States, according to surprising new research from DataLight. The firm analyzed traders using the top 100 Bitcoin exchanges and found that over 22 million users hail from America. The next in line is Japan with 6 million, followed by South Korean’s 5 million users. US Dominates Crypto Trading Industry Collectively, it takes almost six other countries to reach the same number of traders as the US. Notably, Korean exchanges like Bithumb report massive volume, but this volume is…

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Binance Bitcoin Exchange Crypto kraken ViewBase 

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their “Volume” Notice the difference between “reported” and “adjusted” volume on CoinMarketCap.com ViewBase, a “market insights and community” platform centered around cryptocurrency, recently published a report which details other ways we might rank exchanges. Rankings could…

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bakkt Bitcoin Exchange Crypto intercontinental exchange jeffrey sprecher 

NYSE Owner is Buying Bitcoin at Cheap Prices Ahead of Bakkt Launch

By CCN.com: The bitcoin bear market of 2018 was a disaster for most crypto fans, but it was a boon for the highly-anticipated cryptocurrency trading platform Bakkt. That’s the opinion of NYSE chairman Jeffrey Sprecher, the CEO of Bakkt’s parent company, Intercontinental Exchange (ICE). Sprecher’s ICE — along with Microsoft, Starbucks, and BCG — is bankrolling Bakkt, whose CEO is Sprecher’s wife, Kelly Loeffler. sprecher: bitcoin winter was good for bakkt Sprecher tried to put a positive spin on the Crypto Winter by saying it gave Bakkt time to build…

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Bitcoin Crime Bitcoin Exchange Canadian Securities Administrators Crypto CSA QuadrigaCX 

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

The infamous QuadrigaCX scandal has culminated in the losses of $150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders. Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor Protection Canada has held back on detailed cryptocurrency regulation. It currently adopts a wait and see approach and utilizes its existing securities laws and regulators. In this way, Canada monitors and guides emerging fintech and cryptocurrency businesses in the country. An exchange’s entire funds…

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bitcoin Bitcoin Exchange Crypto Michael Patryn QuadrigaCX 

QuadrigaCX Exposed? Founder Allegedly Traded $8 Million in Bitcoin

According to pseudonymous cryptocurrency researcher “I am Nomad” and a report from The Block, QuadrigaCX co-founder Michael Patryn traded large Bitcoin positions on BitMEX surpassing the tune of $8 million. QuadrigaCX Co-Founder Allegedly Caught Making Major Bitcoin Trades QuadrigaCX, the now-defunct exchange which was once Canada’s biggest cryptocurrency trading platform, claimed to have lost $150 million in crypto assets following the death of its CEO Gerald Cotten. The exchange claimed that Cotten passed away with sole control over user funds stored in cold wallets. As such, the company has not…

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bitcoin Bitcoin Exchange Brock Pierce Crypto Gox Rising mt gox 

5 Years Later, Mt. Gox Victims Still Want to Know: ‘Where’s our Bitcoin?’

It seems like just yesterday when Bitcoin investors were startled by the news that Mt. Gox, one of the world ’s first Bitcoin exchanges, was in serious trouble. Five years ago, on Feb. 24, 2014, reports began circulating that the Bitcoin exchange had lost three-quarters of a million bitcoins. One day later, the company – perhaps the closest thing to a single point of failure in the Bitcoin industry – announced that it was shutting down operations. I hope this isn’t true, but I received report allegedly from Mt. Gox…

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Bitcoin Exchange Bitcoin Price News Blockchain News golix Zimbabwe 

Zimbabwean Exchange Adds Ethereum, Re-Enables Bitcoin Buying

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Zimbabwe’s only crypto-currency exchange platform, Golix.com has added Etherium and Bitcoin Gold, enabling trade in the two digital assets in the country.  The Zimbabwean crypto-currency exchange said in an email to traders and users of its platform on Friday: “We have now added Etherium and Bitcoin Gold to the site.” The Golix exchange platform already allows for trade in Bitcoin although traders had suffered a two-day disruption to their order books after a technical glitch on the platform.  Golix also advised…

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