Based on a recent report, Huobi Global has recently acquired a popular and regulated Japanese cryptocurrency exchange—Bittrade. The newly acquired exchange will be shutting down and its existing customer will have to open new accounts and go through all the necessary registration requirements on the New Huobi platform. Bittrade is Regulated There are about 16…
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With Stablecoins gaining popularity amongst crypto investors, the first ever GBP backed stablecoin, LBXPeg is about launching. This is coming from a recent report by a UK startup. London Block Exchange (LBX) London Block Exchange (LBX), a UK startup made it known that it has plans to launch a crypto coin, which is pegged to…
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Recently, a top financial service group in Norway known as Storebrand made a fat finger error which led to the loss of 14 percent of its share value. Fat Finger Error “fat finger” is a phenomenon used in denoting a form of a flawed mouse or keyboard input that places a buy or sell order…
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Binance which recently announced restrictions for some selected countries has added Belarus to a growing list of countries it is no longer supporting. Binance Updated its Terms of Use (ToU) Although the specific date when this restriction will be implemented has not been disclosed, the exchange has however noted that the action is related to…
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Based on a recent report, Fortress Blockchain Corp a technology-oriented blockchain mining company has suffered a significant loss in the third quarter of the year. The company has recorded a loss of about $1.16 million. Mining company Fortress Blockchain Corp Suffered a 37% Decline Fortress Blockchain Corp reported that its mining earnings were swept away…
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Btc-e operator Alexander Vinnik who was previously charged for money laundering, fraud, and other serious crimes in Cyprus, has had all charges against him dropped by the court. The decision to drop the case was as a result of efforts and agreement from both the defendant and plaintiffs. Plaintiffs Agreed to Dissolve the Case According…
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Amazon Web Services (AWS), a reliable, scalable, and inexpensive cloud computing services have launched two new blockchain services today. The two blockchain services are Amazon Managed Service and Quantum Ledger Database. These two services are expected to serve numerous purposes. Amazon Web Services (AWS) Partners with Qtum Just last month, the China division of AWS…
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Gonzalo Curiel who is the US District Judge of the Southern District yesterday made it clear that the Security and Exchange Commission (SEC) has failed to demonstrate to the court that the Blockvest ICO meets the standard required of a security under the law of the United States. Blockvest Invented Blockchain Exchange Commission (BEC) Making…
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A bill which will see crypto trading promoted has been introduced by a South Korean lawmaker known as Kim Sun-dong. The bill is aimed at increasing the progress of crypto exchanges, as well as help in promoting transactions involving cryptocurrency, promotion of cryptos. Kim Sun-dong Proposes Bill In a recent announcement, Kim Sun-dong who belongs…
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HUAWEI CLOUD which officially launched its Blockchain Service (BCS) for commercial use in China last month has announced the official launching of the service for global use. According to the announcement, the platform became available for global commercial use on November 15, 2018. To access the platform, the user will need to visit the global…
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