Scandal-Ridden Bitfinex Launches Initial Exchange Offering Platform

By CCN: Despite an ongoing investigation by the State of New York, Bitfinex is heading leaning into the current bullish market trends with its second new offering in recent months. Tokinex is an “initial exchange offering” platform the company announced early this morning US time. Bitfinex says the product has undergone significant testing and will offer “carefully curated, pre-vetted” tokens from “quality” crypto projects. ICO – STO – IEO The concept of the Initial Exchange Offering was born of the ICO boom of 2017 in the form of Binance, which created Binance Coin both as a fundraiser and a utility

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Poloniex Shuts Crypto Sales of 9 Tokens Fearing Regulatory Squeeze

By CCN: Poloniex worries so much about incoming doom by U.S. securities regulators’ that it plans to delist nine tokens at the end of the month. The altcoin exchange made the announcement Thursday. 1/ On Friday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US. https://t.co/eNWeZTjT5X — Poloniex Exchange (@Poloniex) May 16, 2019 In a Medium post, Poloniex stated the delistings will happen on Wednesday, May 29th, at 16:00 UTC. The following

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Don’t Lose Your Crypto! 3 Ways DEXs Keep Your Funds Super Safe

By CCN: The recent Binance hack was a rude wake-up call to the entire crypto community. Some 7,000 bitcoins worth more than $40 million were taken from the centralized exchange. While crypto exchange hacks are nothing new, the Binance security breach was particularly shocking because the platform managed to attain a high level of confidence from the community. The saying “not your keys, not your coins” is relevant now more than ever. Let’s explore a viable alternative that can virtually guarantee fund security without compromising your trading experience. Here are three ways decentralized exchanges (DEXs) keep your funds absolutely safe.

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RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hacking

By CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever. Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators. Cryptopia Limited appoints Grant Thornton as Liquidators – https://t.co/A35rq1Jls3 — Cryptopia Exchange (@Cryptopia_NZ) May 15, 2019 In a statement, Cryptopia admitted that the hacking had a ‘severe impact on the company’s trade’. The exchange also disclosed that appointing liquidators came after efforts to cut costs and return to profitability proved unsuccessful. Beware: Cryptopia’s Liquidation

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Dubai Bitcoin Exchange BitOasis Wins Preliminary License in Middle East First

By CCN: The United Arab Emirates has granted crypto exchange BitOasis a preliminary license which allows it to operate a digital asset wallet and a trading platform in the region. According to Dubai-based BitOasis, this will make the firm Middle East’s first regulated bitcoin exchange. The preliminary license was granted by the Financial Services Regulatory Authority. This is one of the three independent authorities of UAE’s international financial center, the Abu Dhabi Global Market. BitOasis secures its regulatory In-Principal Approval, aiming to become the first regulated crypto asset exchange in the Middle East – @business https://t.co/WYqmgSdmKK — BitOasis (@bitoasis) May

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ICO-Funded Decentralized Crypto Exchange Caught Plagiarizing Whitepaper

By CCN: Some on Bitcointalk have concluded that decentralized crypto exchange Localcoin is a scam because they’ve conclusively found that their whitepaper was plagiarized. This hasn’t stopped projects in the past. In a post last month, user ICOEthics raised the alarm and published his findings. Everyone Points the Finger at Each Other A Localcoin representative responded that the company had outsourced their whitepaper. The intent was to explain the derivation of the plagiarism, but it opened a new can of worms. The contractor says that the original whitepaper materials were furnished to them by Localcoin – meaning that Localcoin did

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Billionaire Binance CEO Apologizes for Bitcoin Blockchain ‘Reorg’, a Dirty Word

By CCN: Binance has posted an update about the security breach which cost the exchange around $40 million worth of bitcoins. Binance CEO Throws Dirty Words Like “Reorg” The message is a personal message from CEO Changpeng Zhao, who makes a few confessions during the post. For one thing, CZ is no coder. He’s an executive. He probably spends too much time on Twitter. He took responsibility for starting a major discussion around the fundamentals of Bitcoin. On the advice of a couple of Bitcoin developers, his team had considered the notion of forcefully removing the funds from the hacker

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Binance CEO Reveals New Details of ‘Damaging’ $44 Million Bitcoin Hack

By CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin. Following the high-profile security breach of the exchange during which sophisticated tools and methods were used to steal $44 million from Binance, the firm swiftly revamped its security measures and practices. “Rest assured, our team is making progress. We are taking this opportunity to significantly revamp some of our security measures, procedures, and practices. With the goal of resuming deposits and withdrawals as soon as possible, some of the changes will be

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Shuttered Indian Bitcoin Exchange Zebpay Breathes New Life in Australia

By CCN: Singapore-based Zebpay, which operated one of the largest cryptocurrency exchanges in India, has recently launched its crypto trading solutions in Australia. Starting this week, the new service enables Australian clients to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC) with Australian dollars. With our mission to #SetCryptoFree, we're thrilled to introduce Zebpay in #Australia! Buy and sell #crypto in AUD, on web or on the go, instantly. Download now at https://t.co/Bh4TK9p5x7 pic.twitter.com/WtzJH2NGGH — zebpay (@zebpay) May 7, 2019 Knocking on New Markets’ Doors The exchange service is actively seeking new markets, especially after

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$41 Million Binance Heist Will Trigger Regulators, Warns Billionaire Bitcoin Bull $41 Million Binance Heist Will Trigger Regulators, Warns Billionaire Bitcoin Bull

By CCN.com: Bitcoin bull and the CEO of digital assets merchant bank Galaxy Digital, Michael Novogratz, has warned that the hacking suffered by the world’s largest cryptocurrency exchange Binance could invite more investor scrutiny. In Novogratz’s view, this can only be bad for the industry. Binance Loses 7074 Bitcoins The crypto bull was reacting to Binance’s statement that the attackers had targeted the exchange’s bitcoin hot wallet. The exchange lost about 2 percent of its total bitcoin holdings. 2 percent is a lot when your the worlds largest crypto exchange. No way to spin this as good. Will certainly bring

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