Tag: cryptocurrency exchanges

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Cryptocurrency Exchanges

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. No…
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January 18, 2018 0
Centralized Cryptocurrency

China Looks to Ban & Censor Centralized Cryptocurrency Trading: Reports

China Looks to Ban & Censor Centralized Cryptocurrency Trading: Reports China’s clampdown on cryptocurrencies continues as financial authorities reportedly plan to block domestic access to cryptocurrency trading platforms that enable centralized trading, within China and beyond. A little over a year after China began its crackdown on the local cryptocurrency ecosystem, that scrutiny is now…
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January 16, 2018 0
South Korea

New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation

New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies New Exchanges Entering…
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January 16, 2018 0
Crypto Crackdown

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a…
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January 13, 2018 0
Kraken

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations for 10k+ Deposits

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations for 10k+ Deposits Exchanges are regarded by many in the cryptocurrency world as a necessary evil. They provide liquidity and an on-ramp from fiat currency, but many other aspects of their service leaves a lot to desired. From onerous KYC requests to sudden withdrawal…
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January 12, 2018 0
Youbit

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website states that at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17% of total assets.” The cyber attack…
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December 19, 2017 0
Bitstamp

Bitstamp Currently Receives Over 100,000 new User Registrations per day

Bitstamp Currently Receives Over 100,000 new User Registrations per day Cryptocurrency exchanges have seen major user growth in 2017. In some cases, this also means their services are subject to degraded performance. Bitstamp seems to be doing quite well in both aspects, though. Not only is their platform pretty solid, they also welcome around 100,000…
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December 16, 2017 0
Bitcoin Scare Tactics

Here Come the Bogus Bitcoin Scare Tactics

Here Come the Bogus Bitcoin Scare Tactics Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock.com subsidiary focused on the advancement of blockchain technology. “Cynicism masquerades as wisdom, but it is the farthest thing from it.” – Stephen Colbert The run-up in bitcoin and other crypto assets has offered cynics…
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December 13, 2017 0

South Korea Launches Cryptocurrency Task Force to Spearhead Regulations

South Korea Launches Cryptocurrency Task Force to Spearhead Regulations South Korea’s government has established a new task force to regulate bitcoin and other cryptocurrency trading. Taking over the effort from financial regulators, the Ministry of Justice has now been put in charge of the task force to establish and implement cryptocurrency regulations. Cryptocurrency Countermeasure Task…
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December 5, 2017 0