Category: crypto exchange

Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea

April 7, 2021

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A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country. 4423 Total views 19 Total shares The effects of South Korea’s crypto frenzy seem to be spreading beyond the cryptocurrency market to affect stock prices in the country’s stock exchange. According to a report by Bloomberg […]

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Central Bank of Nigeria bans banks from servicing crypto exchanges

February 5, 2021

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Nigeria’s central bank has prohibited commercial banks from providing account services to crypto exchanges. 14007 Total views 55 Total shares The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on […]

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KuCoin CEO says insurance covered remaining losses stemming from $285M hack in 2020

February 3, 2021

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KuCoin users were unaffected by the $285 million hack of 2020, as insurance funds covered the $16 million unrecovered from the incident. 5837 Total views 15 Total shares KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known […]

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Dutch Bitcoin exchange drags central bank to court over wallet KYC rule

January 27, 2021

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One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law. 7334 Total views 23 Total shares Dutch Bitcoin (BTC) exchange platform Bitonic has filed a preliminary injunction at a Rotterdam court seeking the suspension of a wallet verification rule enacted by the central bank. Back in […]

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Crypto exchange owner gets 10 years in prison for aiding scammers

January 13, 2021

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The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. 4410 Total views 22 Total shares Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform, has been sentenced to 10 years imprisonment for money laundering. As previously reported […]

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Binance Korea to shut down exchange due to low trading volume

December 24, 2020

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Less than a year after its launch, Binance Korea is closing its doors amid shrinking liquidity. 5017 Total views 16 Total shares Binance KR has decided to shutter its operations in South Korea according to an announcement released on Thursday. As part of the press statement, Binance KR attributed the move to declining liquidity and low […]

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