Crypto Giant Gemini Hires Former Wall Street COO to Head Operations

Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder … Continued

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Cryptocurrency Sell-Off: Bitcoin (BTC) Plummets and Market Follows Suit

Cryptocurrency sell-off

The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since.

Cryptocurrency Sell-Off

According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,264.43 a coin, down -4.63%. Most of the cryptocurrency market has followed Bitcoin’s spiral, and most coins in the top 15 cryptocurrencies by their total market cap are seeing double-digit percentage losses.

Ethereum (ETH) is currently trading at $201.10 a coin, down -11.07% in 24 hours, and ...

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Crypto Exchange Zaif Reveals Customer Compensation Plan after $60 Million Hack

Japan Bitcoin Exchange ZaifAfter waiting for over three weeks for a compensation strategy, victims of the Zaif cryptocurrency exchange hacking can now sigh with relief as the owner of the Japanese exchange has put forward a plan. Tech Bureau, which owns the Zaif cryptocurrency exchange, has announced that it will sell its entire stake to Fisco Digital Asset … Continued

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Brazil: XP Investimentos’ Crypto Exchange Won’t Let Users Deposit or Withdraw Bitcoin

brazil bitcoin cryptocurrencyThe website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal do

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Major Canadian Crypto Exchange QuadrigaCX Clashes with Bank over $22 Million in Frozen Funds

QuadrigaCXQuadrigaCX, Canada’s largest cryptocurrency exchange has been denied access to CA$28 million of its funds domiciled in the Canadian Imperial Bank of Commerce (CIBC) since January 2018. The company, based in Vancouver has reacted furiously after the bank decided to freeze several accounts operated by Quadriga’s payment processor. Legitimate Question or Conjecture? The Globe and … Continued

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UK’s Oldest Bitcoin Exchange Announces Layoffs amid Prolonged Bear Market

bitcoin cash futures UK exchangeCoinfloor, the oldest bitcoin exchange in the U.K., will lay of most of its 40 employees, according to two sources interviewed by the Financial News. The layoffs at the London-based exchange are in response to “significant” change in market volume, according to Obi Nwosu, Coinfloor’s chief executive, and are seen as a setback for the

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London Cryptocurrency Exchange Coinfloor Announces Layoffs amid Prolonged Bear Market

bitcoin cash futures UK exchangeCoinfloor, the oldest bitcoin exchange in the U.K., will lay of most of its 40 employees, according to two sources interviewed by the Financial News. The layoffs at the London-based exchange are in response to “significant” change in market volume, according to Obi Nwosu, Coinfloor’s chief executive, and are seen as a setback for the

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Bitcoin Price Close to Bottom, Will See $10,000 this Year: Hedge Fund Mgr.

The cryptocurrency market capitalization has dropped by $575 billion since its all-time high, and the bitcoin price has dropped by two-thirds since it peaked near $20,000. But a hedge fund manager believes the trend is about to reverse. Spencer Bogart, partner at cryptocurrency and blockchain venture firm blockchain Capital, predicted a bullish retracement for bitcoin … Continued

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Major Crypto Exchange Bitfinex Obtains Banking Partner in HSBC, Will it Last?

On Oct. 6, Larry Cermak, former editor at Diar and head analyst at The Block, reported that leading crypto exchange Bitfinex obtained a banking partner in HSBC, a $133 billion banking giant based in London. “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask … Continued

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Zero to 30: Bitcoin ATMs Come to Argentina as Peso Dives and Inflation Soars

With inflation in Argentina expected to rise above 40 percent before the close of the year, the demand for bitcoin in the South American country has surged, resulting in cryptocurrency ATM firms projecting a large increase in the number of devices they plan to install in the country. Argentina Prime Real Estate for Bitcoin ATMs … Continued

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Brazil Watchdog Tells Crypto Exchanges to Answer Questionnaire or Face a Fine

Brazil’s Administrative Council for Economic Defense (CADE), the country’s antitrust watchdog, has recently sent 10 cryptocurrency exchanges and an OTC trading desk a questionnaire they have to answer by October 19, or face a fine that’ll go up to $25,000. According to local news outlet Portal do Bitcoin, the questionnaire was sent on October 1, … Continued

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Coinbase Will Achieve $8 Billion Valuation Following Hedge Fund Investment: Report

Tiger Global, a U.K. hedge fund that invests mainly in global consumer brands, is reportedly considering a $500 million investment in Coinbase, which would boost the startup’s valuation close to $8 billion and strengthen the cryptocurrency market’s legitimacy, according to sources that spoke to Recode. The investment would make Coinbase one of the highest valued … Continued

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1Broker Shut Down, Will More Bitcoin Exchanges be Targeted by US Gov’t?

1Broker, a Marshall Islands-based securities dealer and bitcoin trading platform, was recently taken down by the US authorities. The FBI seized the domain of 1Broker, shutting down the platform for allegedly violating money laundering regulations and distributing securities as an unregistered dealer. The official announcement of the US Securities and Exchange Commission (SEC) read: “The … Continued

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Bitcoin (BTC) Interest and Trading Rising in Venezuela

Bitcoin (BTC)

Venezuela’s economic crisis continues to worsen, despite the president’s controversial attempts to revive his country. The demand for Bitcoin (BTC) and other cryptocurrencies continues to rise this year, as the country’s dollar, the bolivar, continues to drop.

Venezuela has hit crisis mode extreme, but can BTC save them?

Bitcoin Booming in Venezuela

According to Coin Dance, Venezuelan residents’ interest in Bitcoin (BTC) reached its peak in July of this year. Most countries have declined since January of 2018, when the total crypto market hit its all-time high.

In December, BTC hit just ...

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Former UBS Executives Raise $104 Million to Create Regulated Crypto Bank

Former UBS executives raised $104 million to operate Seba, a strictly regulated crypto bank, with a banking license from Finma, the Swiss financial regulator. The infrastructure of the cryptocurrency exchange market is improving rapidly with Bakkt, Coinbase, and major US-based banks like Citigroup, Morgan Stanley, and Goldman Sachs that have recently released their plans to … Continued

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Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets Lack of Suspension

Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system. “It is

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$230 Million: Mt. Gox Trustee Confirms Past Bitcoin Sell-Off

Bitcoin investors who have dutifully monitored cryptocurrency wallets associated with defunct bitcoin exchange Mt. Gox for early warnings of a possible sell-off have been proven justified in their paranoia. Mt. Gox Trustee Confirms $230 Million Bitcoin Sale According to a document published on the Mt. Gox website, Nobuaki Kobayashi, the exchange operator’s trustee, sold approximately … Continued

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Circle’s Poloniex Sees 190% Jump in Crypto Trading Volumes, Overtakes Bittrex

Poloniex, one of the oldest crypto exchanges in the global market, has become a major digital asset trading platform once again after years of stagnation. Until 2015, Poloniex was one of the largest crypto exchanges alongside Coinbase. It was the go-to exchange for traders investing in smaller trading pairs like tokens and alternative cryptocurrencies. But, … Continued

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How the Recent $60 Million 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 … Continued

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Binance, Coinbase on Hiring Spree Despite Bear Market, Sign of Rapid Growth

Binance and Coinbase, two of the largest cryptocurrency exchanges in the world by user base and daily trading volume, are on a hiring spree despite the 80 percent correction the crypto market experienced throughout 2018. Speaking to Bloomberg, Binance’s Chief Financial Officer Wei Zhou stated that the company is hiring 50 new employees in its

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