Upbit Exchange Resumes Ether Services Months After $49M Hack

South Korea-based Upbit has restarted ether wallet services nearly two months after hackers made off with $49 million-worth of the cryptocurrency. The exchange recently announced that following an upgrade to its wallet security system, the platform is once more able to support ETH deposits and withdrawals. A tweet indicated that the services had become available soon after 09:00 UTC Monday. Traders will need to create a new wallet address, to which ETH held on the exchange will be automatically deposited, the firm said. On Nov. 26, Upbit confirmed that an…

Huobi Exchange Partners With UAE Real Estate Firm to Enable Crypto Payments

Major cryptocurrency exchange Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. The Singapore-based crypto exchange has entered a partnership with fäm Properties, a tech-driven real estate agency based in Dubai, to offer crypto payment options for its real estate investors, UAE-based business publication AMEinfo.com reports Jan. 12. Crypto to enable more stability and liquidity in the real estate market Specifically, the partnership enables fäm Properties to accept payment in cryptocurrencies like Bitcoin (BTC), Ether (ETH),…

FTX Derivatives Exchange Launches Bitcoin Options Trading

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried. Options are live!https://t.co/B85lrLVDQO — SBF (@SBF_Alameda) January 12, 2020 The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch. FTX Bitcoin Options Even as days have passed, not a lot of information has been shared yet. It…

Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading

Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. Noteworthy volume While the announcement does not specify which crypto assets are supported by the options just launched on the platform, the website only shows Bitcoin-based options. According to cryptocurrency data website CoinGecko, FTX is the eighth top…

Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements.  Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will officially delegate the trading platform to its daughter company, DRB Panama Inc. on Feb. 10, 2020, a Jan. 9 statement from Deribit said.  Changing regulatory winds  Deribit has decided to transfer to Panama based on the stated likelihood of tightening regulatory demands in the Netherlands, resulting from similar demands seen across the EU, the…

Dutch Derivatives Exchange Deribit to Move to Crypto-Friendly Panama

Deribit is moving to warmer waters, citing regulatory concerns. Announced Thursday, the Amsterdam-based crypto derivatives exchange will operate out of Panama as DRB Panama Inc., a wholly owned subsidiary of current platform Deribit B.V., beginning Feb. 10.  The company claimed the Netherlands’ presumed adoption of “very strict” anti-money laundering (AML) regulations applied to cryptocurrency firms spurred the trans-Atlantic voyage. “If Deribit falls under these new regulations, this would mean that we have to demand an extensive amount of information from our current and future customers,” the exchange wrote in a…

Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht. Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways.  Satang’s fiat processing service is integrated into Binance’s trading platform by means of a recently launched application programming interface that allows users to deposit and withdraw baht directly to their accounts. Satang CEO and co-founder Poramin…

Cost to Develop Bitcoin Exchange like Binance

Binance is among one of the best cryptocurrency exchange platforms, it is introduced by the Chinese based company in 2017. According to the sources, it has been launched by the experts. Presently, It is run by the CEO Changpeng Zhao. Mr. Zhao. He had worked with loomberg, as well as with Blockchain.info in the technological department and that’s the reason he has made the strong team of product development. They had pitched their own ICO and introduced their own exchange trading system. At the moment, the ICO has almost finished…

Messenger Giant Line’s Crypto Exchange to Delist XRP This Month

BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16. Cointelegraph Japan reported BitBox’s decision earlier today. The announcement published on the exchange’s website on Jan. 6 read: “We keep a constant watch on all coins that are being traded on BITBOX. If a coin does not meet our standards based on its performance, reliability, liquidity, or law and regulatory requirements, it will be delisted from our exchange. To protect your assets and interests, we provide sufficient notice before delisting.”…

Major South Korean Crypto Exchange Bithumb Launches R&D Center

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company: “Bithumb will become a leading company in the blockchain and cryptocurrency ecosystem by strengthening its own R&D capabilities.” The center’s purpose The new R&D center is going to employ around 30 people and will start its activities this month. Bithumb’s…