Crypto needs insurance too. Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer…
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The Nasdaq-listed company is moving ahead with its ambitious expansion plan. Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform. According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression…
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The post-BitMEX trading arena is not skewed to selling despite BTC/USD nearing $11,500, CryptoQuant data shows. A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said. In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average…
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BitBay went down at approximately 4:28 PM UTC today. Estonia-based cryptocurrency exchange BitBay went offline for almost two hours on Monday without explanation. According to a tweet posted by BitBay on Oct. 12, the exchange went down at approximately 4:28 PM (UTC) today before resuming trading at 6:10 PM. BitBay posted an update before it…
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Gemini crypto exchange is streamlining fiat currency wire transfers for British clients. The Winklewoss twins’ crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom. On Oct. 12, Gemini announced a partnership with BCB Group — a European crypto-focused payment processor that already works with major platforms such as…
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The hire comes after BitMEX’s founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer. In an announcement on Oct. 12,…
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More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base. Crypto intelligence firm CipherTrace released a study on Oct. 1 reporting that more than half of the world’s cryptocurrency exchanges had deficient customer identification processes in place against money laundering. On the same day, the United States…
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October has been a dramatic month for the top brass of BitMEX crypto derivatives exchange, whose founders face multiple charges from U.S. authorities. BitMEX’s co-founder and former chief technical officer, Samuel Reed, has signed a $5 million unsecured appearance bond for his release from custody pending court proceedings. Reed had been arrested by the United…
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Coinbase CEO Brian Armstrong publishes further details about his company’s changing landscape. After adjustments to company policies, popular U.S.-based crypto exchange Coinbase has seen backlash from employees who disagreed with the changes. Coinbase received national attention for a recent change to its policies, which required employees to avoid political and social distractions, and instead focus…
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BitMEX’s operator has allocated new leadership roles with immediate effect. The operator of crypto derivatives exchange BitMEX has announced a sweep of its top leadership, after United States authorities charged its founders with failing to prevent money laundering and operating an unregistered trading platform illegally. On Oct. 8, BitMEX’s operator, 100x Group, announced that the exchange’s three co-founders, all…
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