In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

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…

Bitcoin Dump on BitStamp Exchange Likely Caused Price Slump

The cryptocurrency market witnessed a bitcoin price slump in the early hours of May 17, 2019. Speculations, however, point to a 5,100 BTC dump that occurred on the Bitstamp exchange as the likely reason for the price plunge. Profit Scraping or Market Manipulation? A huge dump on the Bitstamp exchange saw the price of bitcoin tank by more than 20 percent which immediately saw the BTC price fall on other exchanges to hit a bottom of $7,100 across the board. The BTC price plunge caused altcoins to plummet as well,…

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Major cryptocurrency exchange Bitfinex has unveiled its exchange utility token UNUS SED LEO, in a press release on May 17. The token will be useable for a variety of exchange-based activities and will begin trading on Bitfinex on May 20 against tether (USDT), bitcoin (BTC), ether (ETH), U.S. dollars and EOS pairs. The whitepaper for the project, published on May 10, describes LEO as “a utility token at the heart of the iFinex ecosystem.” iFinex is the parent company of Bitfinex. iFinex purports that it provides a stronger and more independent…

Debt-Ridden Crypto Exchange Cryptopia Suckers Hacked Customers Again

By CCN: Users of the New Zealand-based bitcoin exchange Cryptopia should expect more uncertainty in the coming months. In an update released earlier today following the announcement that it had gone into liquidation, Cryptopia has warned users that they may not get all their funds back, if at all. Per the exchange, an investigation is underway to determine ‘the amounts owing and available to return to customers’. Before then, the cryptocurrency exchange cannot give clients any guarantees that they will get all their funds back: Until the investigation is complete,…

South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over the counter (OTC) desk, according to a press release shared with Cointelegraph on May 16. Ripio’s newly launched platform will enable its customers in Brazil, Argentina, and Mexico to trade cryptocurrency to fiat, use digital banking services, and request blockchain-based loans. The product also includes an OTC desk for institutional investors. Commenting on the product roll out, Ripio’s founder and CEO Sebastian Serrano said that “cryptocurrency, and our new platform in particular, offers brand-new investment horizons for…

Crypto Exchange BitMEX Reveals Most of Its Users Don’t Use Maximum Leverage

Hong Kong cryptocurrency derivatives trading platform BitMEX claims that on average, its users don’t use the maximum 100x leverage that the platform offers. BitMEX reported on the data in a post published on its official blog on May 15. According to the post, the company’s co-founder and CEO Arthur Hayes had the data science team of the exchange pull up historical data on the average leverage usage for the bitcoin (BTC)/United States dollar perpetual swap. Hayes stated that the data obtained this way show that “traders are quite ‘responsible’ in…

Local.Bitcoin.com Aims to Spread Economic Freedom Through P2P Exchange of BCH

On June 4, Bitcoin.com is launching a peer-to-peer marketplace called Local.Bitcoin.com that will allow users from around the world to buy and sell bitcoin cash (BCH). Now crypto enthusiasts and traders can create a pre-launch account to explore the trading platform and create orders on the exchange in advance. Also read: Bitcoin.com Celebrates 4 Million Wallets Created Local.Bitcoin.com: Creating a Pre-Launch Account and Experimenting With the P2P Marketplace At Bitcoin.com we believe that the Bitcoin Cash (BCH) network will revolutionize the world of money and give global citizens the true…

Ripio Is Launching a Crypto Exchange for 3 Latin American Nations

Ripio, a startup that’s been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The company already offers a crypto wallet and peer-to-peer lending, and is launching over-the-counter (OTC) trading for institutional investors alongside the exchange. The crypto community in Argentina looks similar to the crowd at Consensus, Serrano said.…

Who Do You Trust? A Survey of Best Exchange Options in 2019

It’s no secret to cryptocurrency experts that the industry had a rough year in 2018. But 2019 seems to have started off in a better direction. Bitcoin has exploded to over $8,000 and is showing strong support at those levels. With increased market awareness, many have been seeking which exchange is best for security, fees, and protection. The dangers of the cryptocurrency market are many, as the QuadrigaCX bankruptcy has aptly proven. And problems like the BitMEX deleveraging issue that occurred recently are, according to chainbits.com editor Afik Rechler, increasing…