Cryptopia Exchange Resumes Crypto Trading Amid Banking Issues

Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has just announced that it’s restarted trading services. The New Zealand-based exchange posted a notice on Twitter Wednesday, saying: “We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.” The company is providing a full list of the available pairs on its support pages. On Jan. 16, Cryptopia went offline stating that it “suffered a security breach which resulted in significant losses.” Since then,…

Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores

Cryptocurrency exchange Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from high-street stores. Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage service accessible through a network of 1,300-plus supported newsagents across the country. The platform currently offers the option to buy only bitcoin using Australian dollars (AUD), but the exchange said it plans to support more cryptocurrencies and fiat options in the future. Once users have carried out an account verification processes, they…

Crypto Exchange Bithumb to Reduce Staff By Up to 50%

Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the company confirmed the 50 percent figure, adding that it expects those departing will mostly be employees who already want to leave the company. “Voluntary retirement is part of our support program for former employees and is intended to provide assistance and…

Coinbase Pro Has Good and Bad News Regarding Fees for Traders

Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent,…

Riot Blockchain to Launch Regulated Crypto Exchange in the US

Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main services: banking, trading and a digital wallet. The application follows the firm’s change in business focus after almost two decades in biotech, when it rebranded to Riot Blockchain from Bioptix and shifted focus to crypto mining…

‘No Change’ to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back

It’s business as usual for CME Group’s bitcoin futures market, despite a retrenchment by rival derivatives exchange operator Cboe Global Markets. Contacted by CoinDesk Friday, a spokesperson for CME said the exchange has “no changes to announce re our bitcoin futures contract” and declined to comment on Cboe’s pullback. The affirmation is notable in light of the news Thursday that Cboe will not add a bitcoin futures contract for trading in March. This means that after the last currently traded futures expire in June, this market will essentially come to…

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount of bitcoin trade volume had closely aligned with it’s…

Canada Proposes Regulatory Framework for Cryptocurrency Exchanges

Canadian financial regulatory authorities are considering putting in place rules for cryptocurrency exchanges in the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published a consultation paper on Thursday, seeking input from the fintech community on how regulatory requirements can be developed for cryptocurrency platforms. “The emergence of digital and crypto assets continues to be a growing area of interest,” said Andrew J. Kriegler, president and CEO of the IIROC in a separate statement on Thursday, adding: “We must adapt to innovation, and provide…

Gatecoin Crypto Exchange to Shut Down on Court’s Orders

Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after months of battling to stay afloat, and ultimately, a court order to wind-up and cease operations immediately. In its public statement, the company blamed its prior payment service provider (PSP) for this situation. The exchange…

Court Rules Quoine Exchange Liable for Reversing Bitcoin Trades Worth Millions

The Singapore International Commercial Court has ruled against cryptocurrency exchange Quoine after it reversed trades for a total of 3,092 bitcoins (BTC) by crypto market maker B2C2 two years ago. The court published a case summary Thursday, stating that it found Quoine liable for the “breach of contract and breach of trust” in reversing B2C2’s trades made at an “abnormal” exchange rate back in April 2017. B2C2 had made seven trades in which it sold ether (ETH) at an exchange rate of 10 BTC per token – approximately 250 times higher…