Blockchain 

Bithumb Exchange to Launch Cryptocurrency Listing Committee

South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by experts South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report.  The committee will reportedly take into consideration daily trading volume, change in base market capitalization and project support among other factors. Cryptocurrencies that fail to meet the…

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Bitcoin 

Bitcoin Payments 6x Cheaper for Municipalities, Says Canadian Exchange

Evan Kuhn, Toronto-based cryptocurrency exchange Coinberry’s co-founder, stated that accepting Bitcoin (BTC) for taxes is more efficient than using bank card payments. As real estate news outlet Mansion Global reported on Aug. 22, Kuhn claims that his company takes much lower fees than the ones that card institutions impose on their clients, noting:  “A credit card company charges a 3% fee. […] Our fee is .5%, so that’s a lot more beneficial for the municipalities.” Bitcoin transaction fees six times lower than credit cards Coinberry acts as an intermediary because…

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Bitcoin 

Japanese Crypto Exchange Coincheck Is Considering Launching an IEO

Major Japanese crypto exchange Coincheck is considering launching an initial exchange offering (IEO) platform for raising funds through utility tokens. The platform Acquired by Japanese financial services firm Monex Group in April 2018, Coincheck hinted at its plans to establish an IEO business in a recent public announcement, Cointelegraph Japan reported on Aug. 22.  According to the report, Coincheck has started investigating fundraising opportunities based on utility tokens, claiming that IEOs are gaining more global attention and ensures more reliability as a method of securing funds.  In a public statement,…

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Blockchain 

Bitpoint Taiwan’s Sues Parent Exchange for Overbilling After July Hack

  The Taiwan-based subsidiary of hacked crypto exchange Bitpoint Japan will file a $9.4 million damages suit as it claims to have been overbilled by the parent exchange. Overbilling is ‘clearly’ erroneous Bitpoint Taiwan reportedly found that total funds it collected from local clients have been short by 500 million yen ($4.7 million) due to overbilling by parent company Bitpoint Japan, according to a report by Japanese English-language publication The Mainichi on Aug. 22. Citing a prepared lawsuit, The Mainichi reported that the Taiwanese subsidiary discovered the shortage of funds…

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Bitcoin 

Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange

Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin. Three trading pairs go live Confirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live.  In future, developers plan to release an app for iOS and Android, use of which will be mandatory for deposits and withdrawals.  “Customers who already have a bank account with Rakuten Bank will…

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Blockchain 

CoinGecko Joins AMLT Network to Combat Exchange Fraud, Scams, Hacks

Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm, as well as provide users with a means to report scams and hacks. The companies shared a press release with Cointelegraph on Aug. 16. According to documentation from Coinfirm, the company runs the AMLT network that allows members to report cryptocurrency addresses tied to hacks, ransomware, scams and fraud. Coinfirm then blocks these users and funds across the AMLT network.…

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Bitcoin 

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14.  CEO departs before SDX launch Martin Halblaub will step down after eight months into his job when his contract expires at the end of August following disagreements on how the trading platform should be run.  Halblaub reportedly wanted SDX to launch as an independent company, while the board of the parent company — SIX Group — disagreed. He commented…

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Blockchain 

Crypto Derivatives Exchange Blade Raises $4.3M From Coinbase and Others

A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding and plans come by way of a Tech Crunch report on Aug. 12. The report notes that in particular, Blade is aiming to provide trading for cryptocurrency-based perpetual swap contracts with three new improvements. First, the perpetuals contracts will be drawn up using standard, simple contracts. Second, the perpetuals will use Tether’s stablecoin…

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Blockchain 

Tron’s Listing on Major US Exchange Is #1 Priority

Tron (TRX) founder Justin Sun has said that getting the cryptocurrency listed on the American version of Binance or Coinbase is his company’s number one priority. The entrepreneur was responding to tweets from Tron enthusiasts on Aug. 9, with some claiming that investors were concerned that United States citizens will be unable to trade TRX on Binance. Alarm bells also sounded after TRX was absent from a list of 30 digital assets being explored for the upcoming launch of Binance’s U.S. marketplace. Questions from Tron community Above a screenshot of Binance’s…

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Bitcoin 

Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in Abu Dhabi. The exchange will be located in the international financial center and free zone Abu Dhabi Global Market (ADGM). Commenting on the investment, Basil Al Askari, co-founder of MidChains, told the Gulf News: “We’re an exchange. You can think…

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