Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020. From […]

Continue Reading

Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from […]

Continue Reading

Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital

Bitfinex says it was conned. The crypto exchange and sister company of Tether claimed Friday that it was the “victim of a fraud” at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex’s money. Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested Thursday by Polish police on charges […]

Continue Reading

QuadrigaCX Founder’s Widow Will Cough Up $9 Million to Repay Users

Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, is transferring nearly $9 million ($12 million CAD) in assets to EY Canada, the bankruptcy trustee for the now-defunct crypto exchange. Robertson announced the move in a statement on Monday, saying since her husband’s death late last year, she had “made every effort” to assist in […]

Continue Reading

Coinbase Now Supports Stellar and Chainlink Cryptocurrencies in New York

Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now […]

Continue Reading

CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC

The Chicago Mercantile Exchange (CME Group) wants to let bitcoin futures traders hold a greater number of open positions at one time. CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would […]

Continue Reading

Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading

Max Boonen is founder and CEO of crypto trading firm B2C2. This post is the first in a series of three that looks at high-frequency trading in the context of the evolution of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk.  The following article originally appeared in Institutional Crypto by CoinDesk, a […]

Continue Reading

Malta Crypto Exchange Opened by Coinone to Close Next Month

CGEX, a Malta-based exchange opened by South Korea’s Coinone less than a year ago, is shutting down. The exchange posted an announcement last week saying that all services would be terminated on Sept. 18 at 2:50 UTC. After that date, customers will no longer be able to log in, and deposits and withdrawals will no longer be […]

Continue Reading

A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience

The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some […]

Continue Reading

Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds

Poloniex is now crediting trading fees to lenders who lost funds in a May market crash involving the obscure cryptocurrency ClAMS. According to an official blog posting, Circle’s Poloniex exchange will cover lost funds by covering trading fees back through June 6. Poloinex’s Clam margin trading market experience a flash-crash on May 26. A 2014 airdropped […]

Continue Reading