TrueUSD Is Now a Base Pair on Binance

TrueUSD Is Now a Base Pair on Binance

Malta-based cryptocurrency exchange Binance has added TrustToken’s TrueUSD (TUSD) as a base currency, expanding the stablecoin’s available trading pairs.  Adding to TUSD’s original BTC pair, Binance will add the following trading pairs: BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and XLM/TUSD. The pairs, however, have not been integrated yet, and representatives from TrustToken told Bitcoin Magazine that more information regarding the integration will be revealed in a forthcoming blog post.
Binance Showcases Decentralized Exchange Progress in Latest Video

Binance Showcases Decentralized Exchange Progress in Latest Video

Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token. A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update.
A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions

A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions

For the first time, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals. According to a November 28, 2018, press release, the department is bringing action against Ali Khorashadizadeh and Mohammad Ghorbaniyan for their alleged involvement in the SamSam ransomware scheme.
Huobi Is Rolling Out Futures Trading on a New Platform

Huobi Is Rolling Out Futures Trading on a New Platform

At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins. In an interview with Bitcoin Magazine, Joshua Goodbody, general counsel of Huobi’s global institutional team, said, “Our derivative contracts are agreements to buy or sell an asset on a specific future date and at a specific price.
Crossing the Atlantic in Stormy Weather: Coinsquare Expands to Europe

Crossing the Atlantic in Stormy Weather: Coinsquare Expands to Europe

Coinsquare Exchange, headquartered in Toronto, Canada, took its first trip outside its Canadian base to extend its operations to Europe. On November 15, 2018, the exchange enabled euro deposits and trading, in what the startup sees is a promising market for future expansion. Coinsquare CEO Cole Diamond told Bitcoin Magazine that this is a major move for the young exchange and it makes good business sense to enter a market that has a GDP 12 times the size of Canada’s.
Paxos Standard (PAX) Is Now a Base Pair on Binance

Paxos Standard (PAX) Is Now a Base Pair on Binance

Major cryptocurrency exchange Binance has added Paxos Standard (PAX) as a base currency on its platform, meaning the stablecoin can be coupled with other digital assets listed on the platform. The addition of PAX on Binance will offer traders an alternative to controversial stablecoin Tether (USDT), which, until now, was the only stablecoin used as a base currency on the platform.
Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum

Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat.
Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018. The exchange is designed to organize liquidity for private companies prior to exit events like an M&A (merger and acquisition) or an IPO (initial public offering). In an interview with Bitcoin Magazine, CEO and founder of CapBridge Johnson Chen said that the process of obtaining the license took nearly two years.
Huobi Group Sets Up Communist Party Committee in Beijing

Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. The new branch was established by a Huobi subsidiary, Beijing Lianhuo Information Service, and will reside in the Haidian District of the municipality of Beijing.
OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina. Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent: “Overall, we are very bullish on the cryptocurrencies markets throughout the world and in Latin America in particular.
Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC). According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.
OKEx Adds Support for the Vietnamese Dong on Its Fiat-to-Crypto Platform

OKEx Adds Support for the Vietnamese Dong on Its Fiat-to-Crypto Platform

Malta-based cryptocurrency exchange OKEx has added the Vietnamese Dong (VND) on its Customer-to-Customer (C2C) trading system, enabling Vietnamese customers to exchange their fiat currency for tokens on the platform. The C2C platform was created by OKEx in 2017 as a peer-to-peer platform where users can buy and sell cryptocurrencies using fiat currencies.
Coinbase Is Officially Adding Support for Basic Attention Token (BAT)

Coinbase Is Officially Adding Support for Basic Attention Token (BAT)

On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro.
Bithumb and seriesOne Partner to Launch U.S. Securities Token Exchange

Bithumb and seriesOne Partner to Launch U.S. Securities Token Exchange

Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.” For South Korea-based Bithumb, the venture provides the exchange with new expertise around U.

Venezuela’s Petro Cryptocurrency Makes Its Way to Six Unknown Exchanges

There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything. Despite the overwhelming controversy, the Petro will commence trading on six cryptocurrency exchanges moving forward. Another Dubious Petro-related Development Ever since President Maduro created the Petro cryptocurrency, it has been marred by controversy and doubts.
Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.
Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.
The Same Equity Firm That Owns Korbit Exchange Just Acquired Bitstamp

The Same Equity Firm That Owns Korbit Exchange Just Acquired Bitstamp

In a statement to customers, Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit. The all-cash deal, which was signed by Bitstamp founder Nejc Kodrič on October 25, 2018, was announced today, October 29, 2018.

Canadian Exchange MapleChange Announces All Funds Lost

While top cryptocurrency exchanges and financial behemoths are racing to provide wholly compliant full service platforms, the wild west of shady exchanges continues to wreak havoc. Users of MapleChange caught the brunt of the chaos today, as all signs point to a complete loss of funds. Earlier today, MapleChange tweeted that they had been hacked. Moments later, they added that all funds have been stolen. By the end of the hour their Twitter account was deleted, alongside all other media outlets: Discord, Telegram, and Facebook.
Poloniex Revised Terms of Use, Shutters Services in Several Countries

Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.
HUOBI Group Sets up Shop in Africa, Middle East and South Asia

HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents. Co-founder Mohit Davar commented, “As Dubai is leading the blockchain effort in the region, it made sense for us to set up our regional head office here.” Huobi’s Dubai office will cover these three new areas to potentially replicate its ecosystem model, which was first established earlier this year as a means of funding and forming partnerships with other blockchain-based companies.
This Upstart Cryptocurrency Exchange Is Making Inroads in Canada

This Upstart Cryptocurrency Exchange Is Making Inroads in Canada

Cryptocurrency and precious metals exchange Coinsquare is taking steps toward its goal of leading the cryptocurrency exchange market in Canada. On February 20, 2018, it announced a new partnership with Processing.
This Upstart Cryptocurrency Exchange Is Making Inroads in Canada

This Upstart Cryptocurrency Exchange Is Making Inroads in Canada

Cryptocurrency and precious metals exchange Coinsquare is taking steps toward its goal of leading the cryptocurrency exchange market in Canada. On February 20, 2018, it announced a new partnership with Processing.
Coinbase Earned 43% of Its Annual Revenue in December

Coinbase Earned 43% of Its Annual Revenue in December

Word of mouth sent cryptocurrency investment to an all-time high at the end of last year, and Coinbase capitalized on it big time. As one of the easier sites on which to start buying crypto, it should come as no surprise that Coinbase was the platform of choice for thousands of new investors. Coinbase experienced a surge of investors like never before last winter, taking in 43% of its annual revenue in December alone.
Cryptocurrency Exchange’s $170 Million Nano Coin Loss Sparks Outrage

Cryptocurrency Exchange’s $170 Million Nano Coin Loss Sparks Outrage

On Friday, February 9, 2018, Italian cryptocurrency exchange BitGrail announced that “internal checks revealed unauthorized transactions which led to a 17 million Nano [XRB] shortfall, an amount forming part of the wallet managed by BitGrail.