Monthly Archives: June 2019

Report: Polish Exchange Shuts Down and Disappears With Customers Funds

Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds. Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31. Money.pl received an email from one of its readers, who stated that Coinroom —  which was registered in 2016 — ceased operations overnight and disappeared with customers’ money in April. Some users say they had up to 60,000 zloty (around $15,790) in their accounts. Before ceasing its operations, […]

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Malaysian Securities Regulator Registers Three Cryptocurrency Exchanges

The Securities Commission Malaysia has registered crypto exchanges Luno Malaysia, Sinegy Technologies and Tokenize Technology for operation. The Securities Commission Malaysia (SC) has registered cryptocurrency exchanges Luno Malaysia, Sinegy Technologies and Tokenize Technology, according to a press release on June 4. Crypto exchanges are reportedly required by law to register with the SC, and the recently-approved exchanges will have up to nine months to achieve compliance with the SC’s regulation standards. In a statement shared with Cointelegraph, Luno stated that the aforementioned three exchanges are the only […]

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Neo Announces New Consensus Mechanism For Its New Mainnet

Blockchain platform Neo is using a new consensus algorithm on its mainnet, the delegated Byzantine Fault Tolerance mechanism. Chinese-based blockchain platform Neo has implemented a new iteration of its consensus algorithm, the Byzantine Fault Tolerance mechanism (dBFT 2.0), on its mainnet, according to a press release on June 4. The new algorithm purportedly provides immediate transaction finality. dBFT 2.0 includes a new procedure for reintegrating failed nodes back into the network, and also adds a “commit phase” of consensus, which alleviates forking issues by including a step […]

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BCH Businesses Launch Development Fund for Bitcoin Cash

On May 30, the FVNI Development Society in collaboration with Bitcoin.com, Bitcoincash.org, Electron Cash, Bitcoincash.com and a multitude of individuals and businesses in China launched a new fundraiser to support the software engineers who maintain the technical development of the Bitcoin Cash network. The goal for Phase One is to raise 800 BCH by August 1, 2019, and BCH supporters can help fund development by visiting Bitcoin.com/fundraise, the front page of Bitcoincash.org and a number of other websites. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now […]

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Research: China Leads World in Tether Trading Volumes in 2019

Chinese crypto exchanges facilitate 60% of all tether trading globally. Chinese cryptocurrency exchanges facilitate 60% of all stablecoin tether (USDT) trading globally, according to an analysis by Diar on June 3. According to the report, Chinese exchanges in 2019 thus far account for over $10 billion in USDT trading. The United States, in contrast, is said to account for only $450 million of USDT traded. Global exchange giants Binance and Bitfinex reportedly account for close to the remaining amount of Tether traded, accounting for 31% of USDT […]

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Marshall Islands Form Dedicated Fund to Support Implementation of Its National Crypto

The Marshall Islands has formed a non-profit organization to support the government in the implementation of the country’s national digital currency, the SOV. The Republic of the Marshall Islands (RMI) has formed a non-profit organization to support the government in the implementation of the country’s national digital currency. The development was announced in a press release on June 4. The RMI has established the SOV Development Fund to support the government’s plan in the development and implementation of the country’s national digital currency, the Sovereign (SOV). The […]

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Blockchain-Based Alternative Investment Firm to Be Listed on Bloomberg Terminal

Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier, known as FIGI for short. A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4. Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades. The company connects investors with businesses that need to borrow […]

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Crypto Trading Platform OKCoin Expands Its Services and Opens Office in Malta

Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta. Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and withdraw euros, as well as participate in euro spot trading for cryptocurrencies such as bitcoin (BTC), ether (ETH), and bitcoin cash (BCH). Per the post, the exchange is planning to add more […]

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SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

The U.S. Securities and Exchange Commission sued Canadian startup Kik for opening a securities offering without registration. The United States Securities and Exchange Commission (SEC) has sued Canadian startup Kik for an unregistered $100 million token offering, the regulator officially announced on June 4. According to the SEC’s complaint, Kik violated the registration requirements of Section 5 of the Securities Act of 1933. The agency is seeking a permanent injunction, disgorgement plus interest, and a penalty. Specifically, the securities watchdog alleged that in late 2017, Kik raised […]

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US Federal Bureau of Investigation Calls for QuadrigaCX Users to Provide Information

The United States Federal Bureau of Investigation called for former users of the QuadrigaCX crypto exchange to answer a survey. The United States Federal Bureau of Investigation (FBI) called for former users of the QuadrigaCX cryptocurrency exchange to provide information in an official announcement published on June 3. Earlier this year, QuadrigaCX had filed for creditor protection after the unexpected death of its founder left more than $145 million in funds apparently inaccessible. The FBI announcement asks people who lost funds due to the insolvency of the […]

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