Blockchain 

Can Crypto Exchanges Ever Be Truly Decentralized?

Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX).  The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange” that purportedly cannot be seized by regulators. “There is nothing to shut down,” he wrote on Twitter, “Our technology is the smart contracts forever residing on the blockchain.”  According to the businessman, the DEX, currently…

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Bitcoin 

Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges

6.7% of the entire circulating supply of Bitcoin (BTC) is held on the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst, a Twitter account that provides real-time and historical blockchain data, wrote that throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing.   According to the Token Analyst, 6.7% of the entire Bitcoin supply — close to 1.2 million coins — is currently held in…

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Bitcoin 

South Africa: The Next Frontier for Crypto Exchanges

Africa is set to be the next battleground for major crypto asset exchanges, as the conditions on the continent are favorable for virtual currency, and as a leading economy, South Africa could lead the charge in this digital transformation. We will examine how the economic situation and the high inflation in Africa could shape the local crypto markets and why people on the second-most populous continent have been gaining an interest in crypto investments. South Africa in particular seems ready to ride the waves and thrive in the crypto world.…

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Blockchain 

Kraken and Coinbase Among the Cleanest Crypto Exchanges: BTI Report

The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, the Blockchain Transparency Institute published its 5th market surveillance report that verifies reporting of cryptocurrency exchange volumes. The BTI has been publishing reports since August 2018, and through its proprietary algorithm, BTI cleans all wash trading from exchanges’ volumes. The report states: “Since the start of 2019, global wash trading has reduced by…

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Bitcoin 

BTC Won’t be on Major Exchanges Until More Regulated

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that for Bitcoin (BTC) to be traded on a major exchange it needs stronger regulation. Consider the Nasdaq CNBC reported on Sept. 19 that Clayton made his remarks earlier today at the Delivering Alpha conference, where he also warned investors to be wary until Bitcoin is regulated and traded on a major exchange. Clayton said: “If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange… They are…

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Bitcoin 

New Study Reveals Countries With Most Registered Crypto Exchanges

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between Jan. 1, 2013, and June 30, 2019. U.K. and U.S. lead the rating The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore.…

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Blockchain 

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, “with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges.” The release states: “Fireblocks, an enterprise platform for securing digital assets in transit, announced today five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global’s…

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Blockchain 

North Korea Denies It Stole $2 Billion From Crypto Exchanges and Banks

North Korea is denying accusations of obtaining $2 billion through hacking banks and cryptocurrency exchanges. North Korea accuses the United States of spreading rumours On Sept. 1, the country’s official state media, the Korea Central News Agency (KCNA) denied allegations of massive theft by North Korean agents.  As Cointelegraph previously reported, the United Nations Security Council North Korea sanctions committee said that “Democratic People’s Republic of Korea cyber actors were raising money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two…

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Blockchain 

Four Crypto Exchanges Face Stricter Regulation in South Korea: Report

Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial Action Task Force (FATF) released recommendations on virtual currency regulations. Per the report, South Korean cryptocurrency exchanges Bithumb, Upbit, Coinone and Korbit will have to comply with new, stricter norms to successfully renew their banking partnerships following the FATF guidance released in June. As Cointelegraph reported at the time, the new guidance posits that crypto asset…

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Blockchain 

Crypto Exchanges Dragged Into Major Anti-Corruption Case

Four individuals allegedly involved in hacking the cell phones of Brazil’s Justice Minister Sergio Moro regularly used Bitcoin (BTC) and other cryptocurrencies, Cointelegraph Brazil reported on July 25. On July 23, the Federal Police of Brazil arrested four individuals who allegedly hacked Moro’s cell phones while he was acting as a judge in the Operation Car Wash case involving former President Luiz Inácio Lula da Silva.   Operation Car Wash is a major criminal money laundering investigation initiated by Moro, which further expanded to allegations of corruption at major Brailizan petroleum…

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