Binance Invests in Chinese Crypto News Publication Mars Finance

Binance Invests in Chinese Crypto News Publication Mars Finance

One of the largest crypto exchanges in the world, Binance, made its first strategic Chinese investments since leaving China back in 2017. Binance joined the third funding round of Beijing-based Mars Finance, a local crypto and blockchain news publication. The exact amount invested wasn’t disclosed; however, Chinese media and data source Mars Finance is valued at somewhere in the vicinity of $200 million. According to Bloomberg, Mars Finance can be a potential rival to leading…

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Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

OKEx Korea, an international cryptocurrency exchange, notified in a statement originally made on 10th September that it will cease to support five cryptocurrencies; Monero (XMR), DASH, Zcash (ZEC), Horizon (ZEN) and Super Bitcoin (SBTC). The company will end transaction support on October 10th and the end of withdrawal facility two months later, on 10th December. In the statement made, OKEx Korea claimed that the reason for the termination of support was because the following five…

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$15M Worth of Stellar (XLM) Moved to the Crypto Exchange Kraken

$15M Worth of Stellar (XLM) Moved to the Crypto Exchange Kraken

‘Whales’ are known to make big moves in the world of cryptocurrency and it’s very common for them to make transactions crossing millions of dollars worth in crypto. But a recent transaction of a huge sum of Stellar (XLM) has some people worried about the digital coin’s future. Whale Alert, a real-time tracker of large crypto transactions alerted on its Twitter account about the transfer of 260,000,000 XLM virtual coins, which at that time were…

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New York Regulator Greenlights Paxos to Launch Gold-Backed Cryptocurrency

New York Regulator Greenlights Paxos to Launch Gold-Backed Cryptocurrency

Linda A. Lacewell, Superintendent of Financial Services, confirmed that New York State Department of Financial Services (NYDFS) has allowed Paxos Trust Company LLC to offer a gold-backed virtual currency. This will be the first such virtual currency due to be authorized by NYDFS that will be backed by the gold and the dollar. Lacewell acknowledged her organization’s commitment to further innovation to ensure safety and soundness to New Yorkers and the rapidly developing financial services…

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Huobi Global to Launch a Blockchain Smartphone: ‘Acute Angle’

Huobi Global to Launch a Blockchain Smartphone: ‘Acute Angle’

One of the largest cryptocurrency exchanges, Huobi, recently announced its plan to launch a blockchain-powered smartphone, titled “Acute Angle,” in Southeast Asia next week. During the launch of Huobi Prime 6, Huobi global will launch Whole Network’s native NODE crypto token and its innovative Acute Angle blockchain phone, which qualified users will be able to buy with the Huobi Token (HT). Huobi Prime is a Direct Premium Offering (DPO) platform that allows the cutting-edge crypto…

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Crypto Exchange Feud: BitMEX Catches Binance Plagiarizing its Documents

Crypto Exchange Feud: BitMEX Catches Binance Plagiarizing its Documents

The popular crypto exchange BitMEX used its Twitter account to taunt and expose another popular crypto exchange, Binance, for copy-pasting its platform’s Bitcoin futures documentation. The evidence reveal word for word copying of the documents. Peace in the social media’s crypto circle was disrupted by storming evidences unleashed by BitMEX with a sarcastic taunt targeting Binance for copying the former’s documentation of its upcoming crypto futures platform. Pictures were shared (as presented below) to compare…

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Binance Buys Crypto Derivatives Exchange JEX to Enter the Futures Market

Binance Buys Crypto Derivatives Exchange JEX to Enter the Futures Market

Binance has published an announcement on September 2nd, disclosing the acquisition of the little-known crypto derivatives platform JEX. One of the world’s largest crypto exchanges and trading platforms is planning to step into the derivative market and JEX might open the doors of crypto futures and options markets for Binance. Binance has also been working on the development of its native derivative platform. It will allow the clients to trade on the JEX platform as…

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South Korea’s Kakao Considers Listing Klay Cryptocurrency on Chinese Exchange

South Korea’s Kakao Considers Listing Klay Cryptocurrency on Chinese Exchange

The renowned internet company Kakao, known as one of the largest conglomerates in South Korea, is looking to list its cryptocurrency Klay on one of China’s exchanges and add it to its impressive list of products in the financial sector. The conglomerate, which already has an admirable reputation in the financial world, launched its blockchain platform in June, and its subsidiary Ground X is focusing on a possible wallet termed Klip wallet. While the initial…

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One of Thailand’s Popular Crypto Exchanges Suddenly Ceases All Operations

One of Thailand’s Popular Crypto Exchanges Suddenly Ceases All Operations

Bitcoin Co. Ltd. (BX.in.th), one of the largest crypto exchange and trading services provider in Thailand recently announced that it will discontinue its trading, exchange and wallet services from September 30th, 2019. The crypto exchange informed the users to withdraw their funds before November 1st, 2019. The latest notification of one of Thailand’s largest and most popular cryptocurrency exchanges, is shutting down its services later this month. The reasons for the unexpected and sudden shut…

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North Korea Vehemently Rebuts Gathering $2 Billion via Crypto Attacks

North Korea Vehemently Rebuts Gathering $2 Billion via Crypto Attacks

North Korea has denied allegations of theft of $2 billion as cited in the United Nations Security Council North Korea sanctions committee. The report claimed that North Korea was using cyber attacks on crypto exchanges and banks to hoard money for its program to produce weapons of mass destruction (WMD). The report says that a total of two billion dollars have been stolen using sophisticated and widespread hacks from across financial institutions around the world….

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