Turkish crypto exchange halts trading amid reports of police raid

Major Turkish cryptocurrency exchange Thodex has abruptly halted trading and withdrawals amid reports of police raids, Cointelegraph Turkey reported on Thursday. Thodex posted an official announcement on Twitter on Thursday, informing users that it has halted transactions for a period of four to five days. According to a statement, the platform stopped trading and withdrawals due to a purported partnership with “world-renowned banks and funding companies” to improve its services. Thodex said that its clients should not be worried about their investments, stating that “users will be informed regularly” during the…

German stock exchanges will delist Coinbase shares, citing 'missing reference data'

The Deutsche Boerse Group has said it will delist Coinbase's stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange. According to Reuters, Deutsche Boerse said it would delist Coinbase Global from the two exchanges due to "missing reference data" for the shares. The group said someone involved in listing the Coinbase shares used an incorrect Legal Entity Identifier, or LEI, code. The code is a regulatory requirement for any companies participating in financial transactions. Unless Coinbase or Deutsche Boerse takes action, the stock will…

Former Amazon exec will become new CFO of crypto exchange Bitstamp

Cryptocurrency exchange Bitstamp has hired Stephen Bearpark, a former finance director at tech giant Amazon, as its chief financial officer. In an announcement today, Bitstamp said it would be appointing Bearpark to the executive position where he will be responsible for overseeing the financial growth of the exchange. Bearpark worked at Amazon’s EU Transportation division in Luxembourg for more than three years, and was a finance director at financial services company Barclays until 2008. “By bringing Stephen onboard, Bitstamp is continuing to bring in the best talent from the biggest…

Steve Wozniak’s EFFORCE (WOZX) Now Listed on Bitcoin.com Exchange and Opens Platform to the Public – Press release Bitcoin News

press release PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of WOZX, being available to trade on the 21st April 2021 at 10:00AM UTC. WOZX was created by the EFFORCE team, including Apple Co-founder Steve Wozniak, as the energy savings token to allow contributors of their EFFORCE platform to benefit from the energy savings generated by efficiency projects worldwide. WOZX will start trading with ETH and USDT pairs. At the same time EFFORCE opens to the public its software platform after finishing the closed beta and launching the…

Gemini exchange’s crypto custody doubled since January, reaching $25B

The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time.  In charting its impressive growth, Gemini touted growing participation from institutional investors over the past year. Gemini Custody’s assets have more than doubled since the start of 2021. “Our custodial services are used by some of the worlds largest asset managers including BlockFi, Blockchange CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple,” the company said in a statement. The…

Exchange tokens bounce from key support levels as COIN looks for direction

A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they bought until the event, and then several investors seem to have booked profits aggressively. This resulted in a correction in several major cryptocurrencies, including Bitcoin (BTC). Crypto market data daily view. Source: Coin360 In the run-up to the Coinbase listing, several exchange tokens rallied as traders bid up their…

Former currency comptroller to become CEO of Binance US crypto exchange

Brian Brooks, the former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, is set to become the new CEO of major cryptocurrency exchange Binance US. According to a Tuesday announcement, Brooks will replace current Binance US CEO Catherine Coley effective May 1, 2021.  Formerly the head of Coinbase’s legal team, Brooks has emerged as a prominent figure in the crypto industry due to his continued efforts to provide regulatory clarity for crypto. Referred to in the community as the “first fintech Comptroller”…

Crypto Exchanges Need To Level Up

Crypto Exchange Business The surge in the general crypto market over the last few years has attracted a tsunami of companies launching their own version of crypto exchanges. Suddenly, we find non-financial executives launching and running a financial platform. It is one thing to build a car. It is another to build a Ferrari. The volume of trades over the last few months have easily quadrupled since Bitcoin broke through the $20,000 price level. This has brought wealth to old guards like Coinbase and Binance. But, at the same time,…

TeraBlock Secures $2.4 Million to Build a Newbie-Friendly Crypto Exchange Powered by Machine Learning

April 19, 2021 – Tortola, British Virgin Islands TeraBlock, an automated crypto investment exchange with advanced machine learning algorithm capabilities for trading, is announcing a $2.4 million round by leading investors. The company is looking to bring its Binance-powered tools to the masses who seek to gain exposure to cryptocurrencies without excessive market risk. TeraBlock has concluded a successful $2.4 million round of capital from a myriad of investors to help its operations and growth. Notable investors include AU21, BSCPad, x21 Digital, Blockchain.com, PlotX, MoonBoots Capital, Node Kapital, OroPocket, BTX…

Crypto Exchange Luno Says South Africa's Crypto Trading Dominated by Young People – Exchanges Bitcoin News

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s users are male and about 35% female.” These figures compare favourably with the industry average of 70% male to 30% female. Rising Retail Demand In addition to achieving a 300% year-on-year growth, Luno reports seeing…