Exchange – ICO Insider

South Korea’s Second Largest Bank Supports Cryptocurrency Exchanges, Traders Relieved

ICO Insider — Sun, 21 Jan 2018 16:24:50 +0000

Bithumb and Korbit, two of the largest cryptocurrency exchanges in the South Korean market, have announced that Kookmin Bank deposits and withdrawals will be disabled by the end of January. Shinhan Bank Will Support Cryptocurrency Exchanges Kookmin Bank, the biggest financial institution in South Korea, has decided not to support cryptocurrency exchanges and provide virtual […]

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Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

ICO Insider — Tue, 19 Dec 2017 17:02:38 +0000

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 is the second for Youbit, previously known Yapizon. […]

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Bittrex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin?

ICO Insider — Sat, 09 Dec 2017 06:43:39 +0000

Bittrex users took to social media to voice their concerns: something is wrong at the third largest cryptocurrency exchange in the world. Customers openly complain they’re having issues with withdrawals, and this has been going on for weeks. Certainly every popular platform has had its share of problems with runs in the wake of price spikes, […]

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Bitcoin Rockets Past $14,000 Astonishing Everyone

ICO Insider — Thu, 07 Dec 2017 03:18:39 +0000

The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild. The bitcoin price locomotive continues to truck upwards […]

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China was Right to Shut Down Bitcoin Exchanges & ICOs: PBoC Official

ICO Insider — Mon, 04 Dec 2017 15:06:42 +0000

A vice governor of China’s central bank has doubled down on the regulator’s sweeping ban on ICOs in September that also led to the shuttering of local bitcoin exchanges. According to People’s Bank of China (PBoC) vice-governor Pan Gongsheng, authorities were right to crack the whip on initial coin offerings (ICOs) and cryptocurrency trading in […]

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Coinbase VP: Bitcoin Price Volatility Will Decrease With Institutional Capital

ICO Insider — Thu, 30 Nov 2017 05:25:33 +0000

Adam White, vice president of Coinbase Inc., tried to offer some perspective amidst the numerous claims about bitcoin being a bubble amidst the cryptocurrency breaking the $10,000 price point. White told Emily Chang of Bloomberg that he disputes the contention that bitcoin is a bubble, although he acknowledged that the price is an easy metric for people to attack. He […]

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Bitcoin Price Tops $10,000 on Korean Exchanges

ICO Insider — Tue, 28 Nov 2017 11:19:30 +0000

The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals. On Bithumb – the region’s largest exchange by trade volume – bitcoin is trading at roughly $10,052. On exchanges Coinone and Korbit, the cryptocurrency is trading at around 10,979,500 KRW ($10,108) and 10,960,500 KRW ($10,047), respectively. By contrast, the majority of the world’s […]

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Scam Warning: Coinbase Impersonator Is At It Again

ICO Insider — Wed, 22 Nov 2017 08:20:24 +0000

Phishers impersonating exchanges are going for round two. ETHNews recently reported that an emailer from [email protected] sent false “new device” alerts to users in a bid to get access to their Coinbase accounts. Now the entity behind [email protected] may be at it again with a new message. This morning, November 21, 2017, at 8:21 ETHNews received an email from the known scam address [email protected] claiming […]

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Gox ICO? CEO Karpeles Floats Token Sale to Revive Bitcoin Exchange

ICO Insider — Mon, 20 Nov 2017 11:21:40 +0000

A Mt Gox initial coin offering (ICO)? It’s not unthinkable, according to the defunct bitcoin exchange’s controversial CEO. In a blog post published yesterday, Mark Karpeles detailed possible avenues for reviving Mt Gox, the once-dominant Japanese bitcoin exchange that collapsed amid allegations of fraud and mismanagement in early 2014. Hundreds of millions of dollars worth of bitcoin […]

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Police Posted at Bithumb as Users File Lawsuit After Server Outage Costs Millions

ICO Insider — Wed, 15 Nov 2017 02:15:23 +0000

Users of Bithumb, the world’s largest cryptocurrency exchange, have filed a class action lawsuit following a costly server outage on November 12. Despite only lasting 90 minutes, the outage cost traders millions of dollars, occurring at the height of frenzied bitcoin cash trading. One customer complained of losing 250 million won ($223,000) in the chaos. […]

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CBOE President: Bitcoin ETFs Will Follow Futures Products

ICO Insider — Wed, 08 Nov 2017 05:54:31 +0000

The Chicago Board Options Exchange (CBOE) is expressing new confidence in bitcoin’s future. In an earnings conference call this week, Chris Concannon, president of the derivatives exchange operator, stated that he sees exchange-traded funds (ETFs) based on the cryptocurrency coming to markets. Concanno went so far as to refer to bitcoin as a new asset class, saying he believes […]

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Chinese Exchange ViaBTC to Launch Platform Based Outside of the Country

ICO Insider — Sat, 23 Sep 2017 14:49:29 +0000

Chinese cryptocurrency exchange ViaBTC has announced its intention to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th. ViaBTC has revealed plans to launch a cryptocurrency exchange platform outside of mainland China. The company estimates that […]

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Chinese Bitcoin Exchange Executives Allegedly Must Remain in China

ICO Insider — Thu, 21 Sep 2017 15:23:24 +0000

Reports have emerged alleging that Chinese bitcoin exchange executives have been forbidden from leaving the country. The travel ban has been instigated whilst the Chinese central government seeks to “clean-up” the nation’s cryptocurrency industries. Chinese Bitcoin Exchange Executives Are Reported to Be Required to Stay in China During the Governments Cryptocurrency “Clean-Up” It has been […]

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China Bitcoin Exchange Ban to Extend to OTC Trading, Maybe Mining: WSJ

ICO Insider — Tue, 19 Sep 2017 05:35:24 +0000

The Chinese government is moving to extend the bitcoin exchange ban to over-the-counter (OTC) trading and potentially even mining. Bitcoin Exchange Ban to Extend to OTC Trading According to a Wall Street Journal report, Beijing officials told several bitcoin industry executives that peer-to-peer trading would not be tolerated during a closed-door meeting held last Friday. This contradicts […]

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Rumors or Facts? China Reportedly Moves to Block Access to All Major Bitcoin Exchanges

ICO Insider — Sun, 17 Sep 2017 13:01:29 +0000

An unverified notice surfaced on the Internet about China moving to block access to all major cryptocurrency exchanges. Commenting on the move, Simon Dixon, investment Banker and author of ‘Bank to the Future’, wrote: “ They tried to copy it, fork it, ban it, clone it, ridicule it, launch at it, discredit it and kill […]

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Breaking: “All” Chinese Bitcoin Exchanges Must Close By September 30

ICO Insider — Fri, 15 Sep 2017 10:45:09 +0000

“All” Chinese virtual currency exchanges must stop trading to remain compliant, regulators have announced. Information slowly appearing from China appears to confirm that trading will no longer be legal for Bitcoin-to-fiat platforms. Beijing market regulator requires all virtual currency exchanges (ie. OKcoin and Huobi) to stop trading by end of today. — Luna Lin (@LunaLinCN) September 15, […]

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BTCC to Cease China Trading as Media Warns Closures Could Continue

ICO Insider — Thu, 14 Sep 2017 13:50:14 +0000

Shanghai-based bitcoin exchange BTCC has announced it will be closing down its China-facing trading operations effective September 30. In statements on Twitter and on China-language social media, the oldest cryptocurrency exchange platform in the world’s largest market said it would immediately stop onboarding new users, but that its mining pools and international exchange would continue to operate normally. […]

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Rumors Swirl China to Issue its Own Digital Currency and Ban Bitcoin Exchanges

ICO Insider — Wed, 13 Sep 2017 14:42:28 +0000

A haze of fog has descended as clarity awaits on China’s move following reports the country is to ban crypto exchanges with twitter activity picking up tonight, ten years on from the begining of the banking crisis. Jihan Wu, who runs the biggest mining operation in the world, made a series of public statements on twitter, […]

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China Plans to Shut Down Bitcoin Exchanges, Allow OTC Trading: Reports

ICO Insider — Tue, 12 Sep 2017 13:11:30 +0000

Multiple Monday reports have added to speculation that Chinese authorities are planning to ban bitcoin trading on domestic exchanges, with no plans to stop non-commercial, over-the-counter transactions. After Friday’s swirling rumors about Chinese regulators reportedly drawing plans to shut down domestic bitcoin exchanges, the Wall Street Journal is now reporting that China’s central bank is looking to ban Chinese […]

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China is reportedly closing cryptocurrency exchanges, so bitcoin and ether are crashing

ICO Insider — Sat, 09 Sep 2017 03:59:54 +0000

China’s authorities are planning to shut down the country’s cryptocurrency exchanges, a sweeping move that will effectively close the market for trading of all digital currencies, including bitcoin and ether, in addition to the digital tokens issued by the red-hot “initial coin offerings” (ICOs) that investors have flocked to recently. That’s according to a report (in […]

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Digital Currency Exchange Unicorn Coinbase Reaches 10 Million Customers

ICO Insider — Wed, 06 Sep 2017 02:32:58 +0000

A month after becoming the first crypto “unicorn,” U.S. Bitcoin exchange Coinbase has reached 10 million registered users. The San Francisco startup has seen tremendous growth in 2017, adding thousands of users per day and handling increasing levels of trading volume. Last month, CEO Brian Armstrong announced that the company had raised $100 million during […]

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What Can Crypto Exchanges Learn From Traditional Banking?

ICO Insider — Tue, 05 Sep 2017 11:36:41 +0000

The cryptocurrency world is unashamedly anti-bank. The centralized, profiteering and often fraudulent banking world is the very antithesis of what the cryptosphere is all about. While this wholesale rejection of centralized structures may have merit, the reality is that legacy banking models have created spaces where users feel safe and transactions are generally smooth and rapid, with […]

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