Institutional investors appear unfazed by the perils of trusting others with their private keys, despite the well-publicized risk of loss, theft and regulators. Cryptocurrency institutional investors overwhelmingly keep their wealth on exchanges despite the inherent security risks, new data claims. Compiled by cryptocurrency exchange Binance on Nov. 22, a survey asked 76 institutional investors who…
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Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. OKEx announced the news in a press release shared with Cointelegraph on Nov.…
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Chinese authorities shut down local cryptocurrency exchange BISS, and arrested 10 people suspected of being involved in its operations. Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date…
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In an escalating argument on social media, Changpeng Zhao promises legal action after The Block doubled down on its widely disputed Binance coverage. The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting. In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ…
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A new official statement from China’s central bank confirms it is taking fresh action against businesses offering cryptocurrency trading. Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China…
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Large crypto exchanges appear to have slowed misreporting of their trading volumes in 2019, according to a new Chainalysis report. Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex…
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ShapeShift cryptocurrency exchange has launched new tokens that enable holders to trade on the exchange with no fees. Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the…
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FirstRand Bank has said it will no longer serve exchanges after March 2020, while at least one of those affected says it already has alternative arrangements in place. Bitcoin (BTC) exchanges in South Africa will lose their banking support after a local bank confirmed it was closing their accounts. As local internet magazine My Broadband…
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Binance, the second-biggest crypto exchange, fell out of CryptoCompare’s new exchange rankings due to security concerns. London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in…
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The Royal Bank of Canada will not launch its own digital currency trading platform, contrary to previously published news. The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news. Last week,…
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