Crypto Exchange Kraken Hires Bush Administration Prosecutor as General Counsel

San Francisco-based cryptocurrency exchange Kraken has hired a former federal prosecutor appointed by President George W. Bush to serve as its general counsel. Business Insider reports that the exchange, eighth-largest in the world with a daily volume of just under $350 million, has hired Mary Beth Buchanan, the first woman and youngest-ever person appointed US

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Zimbabwe Court Lifts Central Bank’s Banking Ban on Bitcoin Exchanges

The Harare High Court has lifted a ban by the central bank which barred all banks and financial institutions from offering services to cryptocurrency exchanges. The Reserve Bank of Zimbabwe (RBZ) failed to appear for court proceedings in a case in which Zimbabwe crypto exchange, Golix is seeking reversal of the central bank’s directive that

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Another Report Links Bitfinex to Puerto Rico’s Noble Bank

The whispers that cryptocurrency exchange giant Bitfinex has found a banking partner in the Caribbean are growing louder. Citing three people with knowledge of the matter, Bloomberg reports that the exchange operator has opened accounts at Noble Bank International, a financial institution based in San Juan, Puerto Rico. Noble, notably, does not hold funds directly,

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Coinbase Acquires Decentralized Crypto Trading Platform Paradex

Crypto industry giant Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets. In an announcement on Wednesday, San Francisco-based cryptocurrency exchange Coinbase confirmed its acquisition of Paradex in a move that will open up Coinbase customers to access and trade coins

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Italian Court Rules Bankrupt Crypto Exchange BitGrail Must Stay Closed

Italian cryptocurrency exchange BitGrail won’t be reopening anytime soon, despite its wishes to the contrary. Last Thursday, on May 17, the Court of Florence fully upheld a preliminary order barring the exchange — which is currently undergoing bankruptcy proceedings — from resuming operations and once again offering trading services to customers. The precautionary measure was

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Zimbabwe Cryptocurrency Exchange Golix Drags Central Bank to Court over Trading Ban

Zimbabwe cryptocurrency exchange platform Golix has taken the country’s central bank, the Reserve Bank of Zimbabwe, to court, saying the bank’s ban of cryptocurrency trading was unconstitutional as there are no laws that empower it to make such legislative moves. After banning banks from processing cryptocurrency transactions in the country, the central bank of Zimbabwe subsequently

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Circle Takes Aim at Crypto Index Funds with Market Cap-Weighted Investing

Cryptocurrency brokerage service Circle Invest is taking aim at crypto index funds with its new “Buy the Market” feature, which allows retail investors to purchase market cap-weighted positions in the assets listed on the platform. The feature, added to the investing app in its latest update, gives investors the option to decide how much they

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Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert

Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Korea’s biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, CCN reported that UPbit was raided and investigated by local

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UK Forex Operator LMAX to Launch Cryptocurrency Exchange for Banks and Hedge Funds

UK foreign exchange trading platform operator LMAX has announced that it will launch a cryptocurrency exchange tailored for banks, hedge funds, and other institutional investors. The London-based company made the announcement on Monday, explaining that the new platform — dubbed LMAX Digital — is the “first physical crypto currency exchange dedicated to serving only institutional

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Cryptocurrency Exchange Huobi Poaches CEO from Major Rival OKEx

Former OKEx CEO Chris Lee has joined rival cryptocurrency exchange Huobi as its vice president of global development, just days after stating that he was leaving his former employer so that he could spend more time with his family. Huobi made the announcement on Monday, explaining in a statement that Lee would help spearhead the

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