The cryptocurrency ecosystem has continued to take some major hits lately, causing many investors and holders to rethink the way they trade their crypto assets. Several high profile cryptocurrency hacks have made the news in the past few years.
Regulators in Hong Kong have issued a strict warning to exchanges doing business with Chinese customers about trading tokens deemed as securities.
In an announcement today, Hong Kong’s Securities and Futures Commission (SFC) said it has sent letters to seven Hong Kong exchanges and firms attempting to fundraise through initial coin offerings (ICOs), warning them about the legalities of selling digital tokens with the characteristics of securities.
2017 has seen its spate of both good and bad stories for all sides of the cryptocurrency space. Whether you believe in dutch tulips or you worship at the altar of Satoshi Nakamoto, there were reaffirming and disheartening stories for evcxzxeryone. Below are five of the stories that darkened an otherwise positive year for the industry.
Ethereum-based startup Confido, a little-known project that recently raised $374,000 in an ICO from investors in exchange for CFD tokens, has seemingly vanished from the internet, as all its social media profiles and website have been taken down. Investors are now looking into the situation, which points to a potential exit scam.
Confido pitched itself as a blockchain-based app that allowed for smart contracts that acted as an escrow between buyers and sellers during transactions.
Does anyone have $245 million to revive MtGox? Mark Karpeles, who has pleaded not guilty to charges of money laundering and embezzlement, claims reviving MtGox offers a way to allow creditors to get something from the bankruptcy. Otherwise, the complexity of the bankruptcy will make it hard for creditors to recover losses any time soon, Karpeles claimed in a recent blog.
Blockchain may be ready for primetime use on some of the world's largest stock exchanges, but that doesn't mean integrating the technology in financial systems will be an easy ride.
At the London Blockchain Summit on Oct. 31, Nasdaq Clearing's recently promoted head of product development, Gustaf von Boisman, addressed this gap, highlighting how the technology's current capabilities aren't necessarily yielding quick implementations. As such, the talk served to illustrate how even widely anticipated use cases are struggling to graduate from the laboratory.
Established brokers and startups want in on the crypto boom – but, Trading 212 is a bit of both.
Founded by Bulgarians Ivan Ashminov and Boris Nedialkov, Trading 212 is the trade name for Avus Capital, a broker-dealer with roots going back 14 years in foreign exchange and commodities dealing in Europe. But while the company isn't exactly new, what it's doing with share trading and cryptocurrencies is – and it seems to be generating success so far.
Its app is the most-downloaded trading app in the UK, with the company now providing a full-blown trading operation, with markets in some 2,500 instruments, ranging from shares to commodities.
South Korean fintech firm Dunamu, operator of the securities trading app Kakao Stock, is gearing up to launch a new cryptocurrency exchange.
Set up in partnership with the U.S.-based exchange Bittrex and currently in open beta testing mode, Upbit will support the trading of over 110 tokens from 171 different markets. Anticipated by Dunamu to be the largest cryptocurrency exchange in the country when fully launched, Upbit is set grow the number of cryptocurrencies that can be directly traded for Korean won, and will "gradually" add new digital currencies to the platform.
Security researchers have discovered at least three fraudulent apps on the Google Play store purportedly tied to the Poloniex cryptocurrency exchange.
An article posted on IT security firm ESET’s news site We Live Security details how two of the apps, respectively called "Poloniex" and "Poloniex Exchange," were put onto the Android app service and downloaded more than 5,500 times before being removed.
Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and a member of CoinDesk's product team.
The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to our subscribers.
The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange.
In a statement to the press today, bitcoin trading platform LedgerX confirmed rumors that it has already begun trading cryptocurrency derivatives, an offering it first received approval to begin selling to institutional investors in July.
According to figures provided by the company, LedgerX saw 176 swaps and options contracts traded in its first week, with notional values of more than $1 million.
Governments and central banks all over the world are gradually warming up to the idea of leveraging the unique advantages offered by blockchain technology — low-cost transactions permanently recorded in tamper-proof distributed ledgers — to modernize their financial systems.
According to sources familiar with the matter, the Indian government is considering a proposal to introduce its own cryptocurrency similar to Bitcoin, Business Standard reported last week.
The U.S. Commodity Futures Trading Commission (CFTC) is reportedly making enquiries into the ether flash crash that occurred earlier this year on Coinbase's GDAX trading platform.
The flash crash, which occurred on June 21, saw the price per dollar of the ethereum token plummet from $365.
BTCC, an international cryptocurrency exchange with headquarters in China, has announced it has ceased all domestic trading activities.
On its website, BTCC now states that all local trading in yuan and cryptocurrencies has been officially suspended as of midday, September 30, Beijing time. The exchange stopped accepting deposits on September 27, with China-based users being advised to withdraw their funds from the exchange before the end of October.
Alleged former BTC-e employee Alexander Vinnik appeared in a Greek court on Friday for the first of what could be several hearings to determine where he will ultimately stand trial.
Arrested in July by authorities on behalf of the U.S. government, Vinnik was charged with money laundering, computer hacking, fraud and drug trafficking alongside his former employer, bitcoin exchange BTC-e.
Japan's Financial Services Agency (FSA) has issued operating licenses to 11 bitcoin exchanges.
In an announcement today, the regulator confirmed the action, one that follows an amendment to the payment services law that mandated all cryptocurrency exchanges register with authorities by the end of September. Passed in April, the new law established bitcoin as a legal payment method and extrapolated security guidelines for cryptocurrency exchanges.
The first initial coin offering (ICO) to be sanctioned by a traditional clearing and settlement platform is now underway in Russia.
Just days after signing an agreement with NP RTS Group, the LavkaLavka farming collective has discreetly begun taking orders for a pre-sale of its "biocoin" tokens. So far, the organization has raised $500,000 toward a $15 million goal. But if successful, the ICO would fund the creation of an expansive loyalty platform, one that would link together 200 farms, restaurants, cafes and small businesses that today have had difficulty getting capital from traditional banks.
CME Group, the world’s largest futures exchange, will not be introducing bitcoin futures, a hope that emerged when the company introduced a bitcoin index last year. Bryan Durkin, president of the group, told Bloomberg Television his company does not expect to go forward with a futures contract in the near future.
NEO, the eighth largest cryptocurrency in market capitalization, surged nearly 30% in the last 24 hours to a $33.78 price and a market capitalization of $1.689 billion, according to coinnmarketcap.com.
Cryptocurrency exchange provider BTCC told its China-based users today that they must withdraw funds by October 30th ahead of a previously announced shutdown of services.
In a new blog post, BTCC affirmed it will no longer accept yuan or cryptocurrency deposits as of 12 p.m. local time on September 27. Withdrawals will be available until 12 p.m. local time on October 30 and will be completed within 72 hours of being requested, according to the post.
Interest in South Korea's booming cryptocurrency market continues apace.
Following its emergence as a global leader in bitcoin and cryptocurrency volume, local exchange startup Korbit has announced that PC and mobile gaming firm Nexon has signed a stock trading agreement that would see it acquire Korbit's management rights.
According to local news source, Hankyung, Nexon has agreed to purchase a 65 percent stake in Korbit at a sale price of 91.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...