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Posts published in “Bitcoin Exchange”

‘We Don’t List Shitcoins’: Binance CEO Retaliates Over Listing Fee Criticism

Binance CEO Changpeng Zhao rebuffed criticism of the exchange’s listing fees Saturday, saying commentators should concentrate on the quality of coins it chooses to list. ‘Is My Coin Good Enough?’ In a series of Tweets, Zhao took issue with Expanse founder Christopher Franko, who had previously claimed the exchange quoted him 400 BTC ($2,600,000) for listing his altcoin token. “We don’t list shitcoins even if they pay 400 or 4,000 BTC,” he wrote, implying that

The post ‘We Don’t List Shitcoins’: Binance CEO Retaliates Over Listing Fee Criticism appeared first on Bitcoinist.com.

Binance Wants $2.6M to List Your Token, Claims Expanse Co-Founder

Binance, the cryptocurrency exchange which often tops global trade volumes, can charge 400 BTC ($2.6 million) to list a token on its platform. Binance Appears To Deny 400 BTC Claim That’s according to Christopher Franko, co-founder of Blockchain platform Expanse, after submitting a listing request to the exchange this month. Binance, which revealed a first incarnation of its decentralized exchange August 8, reportedly also sought to deny the claims, with support staff claiming certain information

The post Binance Wants $2.6M to List Your Token, Claims Expanse Co-Founder appeared first on Bitcoinist.com.

Korea’s Crypto Exchanges are Backed by the Country’s Biggest Bank and Internet Firm

South Korea’s two largest crypto exchanges UPbit and Gopax are backed by the country’s biggest bank and internet company Shinhan Bank and Kakao. Importance of Shinhan Bank’s Involvement The vast majority of investors in South Korea are already well aware that the country’s major crypto exchanges are financed and operated by some of the largest...

The post Korea’s Crypto Exchanges are Backed by the Country’s Biggest Bank and Internet Firm appeared first on NewsBTC.

South Korea’s Biggest Exchange UPbit 100% Solvent, New Report Finds

Investors Can Rest Easy as Korean Exchange UPbit Let off the Hook

A new report from a Korean accounting firm has found the South Korean crypto exchange giant to be 100% solvent in light of recent worries about misconduct. A May raid on the company’s headquarters worried investors, who are now letting out sighs of relief as audits reinforce the company’s integrity. A Knock at the Door The Seoul-based company UPbit was able to prove its integrity to investors, Forbes reported on Sunday evening. The audit comes amidst a May

The post South Korea’s Biggest Exchange UPbit 100% Solvent, New Report Finds appeared first on Bitcoinist.com.

Square Cash Quietly Reveals It’s Avoiding Public Cryptocurrency Exchanges

Jack Dorsey Twitter

In its recently published quarterly report, Square revealed it’s channeling Bitcoin trades from its Square Cash application to private brokers instead of public exchanges. Jack Dorsey’s Square Cash application enabled Bitcoin purchases and sales for most users early in 2018, adding to its consumer payments suite. Though overall, Square’s profits are substantial, it’s not making a fortune on Bitcoin trades just yet. Square reported just $400,000 profit on $37 million worth of revenue from Bitcoin

The post Square Cash Quietly Reveals It’s Avoiding Public Cryptocurrency Exchanges appeared first on Bitcoinist.com.

OKEx Forced to Perform $9 Million Clawback After $416 Million Bitcoin Trade Goes Awry

OKEx

In easily one of the biggest stories of the past week, cryptocurrency exchange giant OKEx was forced to perform a $9 million clawback to cover substantial losses from a $416 million Bitcoin trade gone wrong. $416 Million Losing Bet On July 31, 2018 (Tuesday), a Bitcoin trader, “ID 2051247,” opened an enormous BTC futures bet of more than 4 million contracts. With each contract having a notional value of $100, the trader’s bet stood at

The post OKEx Forced to Perform $9 Million Clawback After $416 Million Bitcoin Trade Goes Awry appeared first on Bitcoinist.com.

Coinbase Now Supports Buying Bitcoin With British Pounds

UK coinbase GBP

Cryptocurrency exchange service giant Coinbase has launched pound sterling (GBP) support for U.K. customers across its platforms. GBP Deposits/Withdrawals on Coinbase The San Francisco-based exchange announced the launch today (August 2, 2018), via a post on its blog. According to the statement, GBP deposits and withdrawals will be supported on Coinbase, Coinbase Pro, and Coinbase Prime. The latter two are platforms targeted at active traders and institutional investors respectively. As a result of the launch, U.K.

The post Coinbase Now Supports Buying Bitcoin With British Pounds appeared first on Bitcoinist.com.

Japan’s Cryptocurrency Self-Regulator Proposes Margin Capped Trading Rules

The Japan Virtual Currency Exchange Association (JVCEA), is set to propose margin capped trading rules, attempting to reduce the risks of the fluctuating market.  Earlier in April, the 16 registered cryptocurrency exchange services in the country came together to form the Japan Virtual Currency Exchange Association (JVCEA) – a self-regulatory body designated to sanitize the local cryptocurrency industry. Now, a few months later, the organization moves to make its first major propositions. Margin Cap Cryptocurrency

The post Japan’s Cryptocurrency Self-Regulator Proposes Margin Capped Trading Rules appeared first on Bitcoinist.com.

BitMEX Breaks Industry Record With 1 Million Bitcoins Traded in One Day

Hong Kong-based trading platform Bitcoin Mercantile Exchange (BitMEX) has revealed it traded over 1 million Bitcoin in the 24 hours through July 24. ‘Astronomical Surge’ In Volume As Bitcoin prices continue to hover above $8000, major exchanges have handled daily volumes exceeding $5 billion this week. For a single venue, however, BitMEX claims it has broken an industry record. “The astronomical surge in trading volume, coupled with the steadily rising price of bitcoin, is reflective

The post BitMEX Breaks Industry Record With 1 Million Bitcoins Traded in One Day appeared first on Bitcoinist.com.

Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks

The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry. The newly drafted regulatory framework which covers a wide range of businesses and ventures from blockchain projects to crypto exchanges, is expected...

The post Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks appeared first on NewsBTC.

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