Crypto Exchange Gemini Lists Bitcoin Cash with NYDFS Approval

Crypto exchange Gemini has announced that it now supports trading and custody activities for Bitcoin Cash (BCH), effective this weekend, with full trading slated to begin on Monday. With the announcement, the exchange platform founded  by bitcoin billionaire twins Cameron and Tyler Winklevoss now supports five cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash …

Binance Invests $3 Million in US Crypto Trading Desk

Twitter Facebook LinkedIn Big news came from Binance this week, as their venture wing announced a significant investment in US over-the-counter (OTC) crypto trading desk Koi Trading. Binance and Koi Trading In a press release yesterday, Binance Labs revealed that it had made a $3 million investment into Koi Trading, a small sum for the world’s largest cryptocurrency exchange, …

Crypto Exchange KuCoin Proved its Legitimacy by Raising $20 Million

Twitter Facebook LinkedIn Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announce that we have closed our Series A Round of Funding, …

Smart Order Routing Reduces Crypto Exchange Fragmentation

Twitter Facebook LinkedIn The lack of suitable institutional-grade platforms is undoubtedly one of the greatest obstacles to institutional money flowing into the burgeoning field of cryptocurrencies. However, the fact that this type of platform has not emerged so far is somewhat understandable. Not only are cryptocurrency markets a lot less mature than traditional finance markets, …

Decentralized[?] Ethereum Exchange IDEX to Force New IP Blocks, KYC

Twitter Facebook LinkedIn IDEX, formerly known as a “decentralized” Ethereum exchange (DEX), has announced that its service will soon feature expanded regional restrictions and KYC policies comparable to those enforced on most centralized cryptocurrency trading platforms. Ethereum Exchange IDEX Moves to Comply with Crypto Regulations The operator of IDEX, the Panama-registered Aurora Labs S.A., announced …

Ethereum Token 0x Rallies 17% after Exchange Listing

Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs …

Bitcoin Cash Evangelist Roger Ver May Launch Cryptocurrency Exchange

Bitcoin cash evangelist and Bitcoin.com owner Roger Ver is considering launching a cryptocurrency exchange that would use BCH as its base currency. The controversial bitcoin cash promoter, once known as “Bitcoin Jesus” for his early support for the cryptocurrency in the years before last year’s BTC/BCH divorce, told Bloomberg that, if his company wanted to, …

Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, …

How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds …

OKEx, OKCoin Founder Star Xu Questioned in Shanghai Fraud Case

Shanghai police have taken OKEx founder and OKCoin CEO Star Xu into custody for voluntary questioning in relation to fraud alleged to have taken place in a relatively obscure crypto project called WFEEcoin. Local media reports that Xu’s possible connection to the project is being investigated. While Xu is allegedly a WFEE shareholder, he denies …