Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals

Brazilian cryptocurrency exchange and alleged pyramid scheme Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin (BTC) withdrawals. Atlas Quantum may constitute a financial pyramid As Cointelegraph Brasil reported previously, on Sept. 17, the Federal Court of Brazil ruled that the current activities of the cryptocurrency exchange Atlas Quantum may constitute a financial pyramid, and therefore decided to immediately freeze the company’s assets and bank accounts and give the company 48 hours to resolve outstanding accounts.  In a Sept. 18 response to the court’s ruling and deadline, Atlas Quantum…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

CBOE BZX Exchange Withdraws the Bitcoin ETF Filed by VanEck/SolidX

The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict. The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13. The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the…

Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

OKEx Korea, an international cryptocurrency exchange, notified in a statement originally made on 10th September that it will cease to support five cryptocurrencies; Monero (XMR), DASH, Zcash (ZEC), Horizon (ZEN) and Super Bitcoin (SBTC). The company will end transaction support on October 10th and the end of withdrawal facility two months later, on 10th December. In the statement made, OKEx Korea claimed that the reason for the termination of support was because the following five cryptocurrencies breach the conditions set forth by the Financial Action Task Force (FATF) by infringing…

18,000 Traders and Growing – Bitcoin.com’s Crypto Exchange Shines Brightly

Since exchange.Bitcoin.com launched, our premier trading platform has seen a significant influx of users from Asia and Europe. So far, the grand opening of Bitcoin.com’s exchange has led to more than 18,000 registered traders. Moreover, exchange.Bitcoin.com’s Chief Operating Officer, Danish Chaudhry, explained that the exchange launch and the last two weeks of trading have been a success, and account signups continue to grow. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed Bitcoin.com’s Premier Crypto Exchange Captures 18,000 Users Bitcoin.com recently launched a new trading platform on Sep.…

18,000 Traders and Growing – Bitcoin.com’s Crypto Exchange Shines Brightly

Since exchange.Bitcoin.com launched, our premier trading platform has seen a significant influx of users from Asia and Europe. So far, the grand opening of Bitcoin.com’s exchange has led to more than 18,000 registered traders. Moreover, exchange.Bitcoin.com’s Chief Operating Officer, Danish Chaudhry, explained that the exchange launch and the last two weeks of trading have been a success, and account signups continue to grow. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed Bitcoin.com’s Premier Crypto Exchange Captures 18,000 Users Bitcoin.com recently launched a new trading platform on Sep.…

Thai Crypto Scene Still Reeling From Top Exchange Bailout

Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure. The news left crypto traders dazed and confused and fearing a wider crackdown from the military dominated government. A Dark Day For Thai Crypto September 2 was a dark day for the crypto industry in the Asian nation as its most popular exchange told clients they had a month to clear out their accounts. The only explanation BX Thailand gave to its large customer base was that it wanted to…

Non-Custodial Exchange KyberSwap Launches Fiat-to-Crypto Gateway

Non-custodial exchange KyberSwap has launched fiat-to-crypto gateway in collaboration with cryptocurrency exchange Coindirect. According to a Sept. 13 blog post, KyberSwap’s users can now buy digital currencies directly with fiat currencies, taking into account that the exchange currently supports trading of Ether (ETH) and ERC-20 tokens only. The partnership with MakerDAO-backed third-party service Coindirect enables KyberSwap’s customers to purchase cryptocurrencies using Visa and MasterCard credit and debit cards. Other industry players offering fiat-to-crypto KyberSwap thus joined the ranks of other industry projects supporting fiat-to-cryptocurrency trading. At the beginning of the…

Kakao’s Klay Cryptocurrency to Make First Exchange Listing

South Korean messaging giant Kakao’s “klay” token – the native cryptocurrency of its recently launched Klaytn blockchain – is soon make its first official exchange listing on Upbit’s platform. Ground X, the firm set up by Kakao to develop the Klaytn network, announced the news in a Medium post on Sept. 5, saying klay will list on Upbit’s Singapore and Indonesia platforms by the end of this month. Upbit Singapore revealed on Sept. 6 that klay will be listed following price discovery via a Dutch auction – in which the price is reduced until…