Centralized cryptocurrency exchanges are a growing problem in the industry. Especially when they either disappear for a while without warning or suspend withdrawals out of the blue. In the case of ACX, an Australian exchange, customers are genuinely concerned. ACX Is Auditing Internal Funds That is only normal, as no […]
Tag: exchange
Some Exchanges Monitor Bitcoin Transactions After Withdrawals for CoinJoin Activity
The concept of adding more privacy to one’s cryptocurrency remains controversial. A growing number of service providers seemingly wants nothing to do with transactions subject to CoinJoin practices. This problem has been going for quite some time now. CoinJoin and Bitcoin Remains Controversial for Exchanges For some reason, several exchanges […]
The Poloniex Situation Continues to Worsen as Traders Bail
Poloniex used to be one of the biggest altcoin trading platforms in the world. Today, it continues to lose traction at an alarming rate. In fact, a report by Coin Metrics paints an incredibly bleak picture where this exchange is concerned. Poloniex Continues to Lose its Appeal The number of […]
Government Officials in Uzbekistan Have Major Plans for Cryptocurrency Mining
The cryptocurrency industry has suddenly become of great interest to a lot of countries. So much even that Uzbekistan now wants to legalize crypto mining through a nationalized venture. It is the first time the government of Uzbekistan introduces such a bold venture. A Different Approach in Uzbekistan Their vision […]
Cobinhood is the Latest Altcoin Exchange to Shut Down
Cryptocurrency exchanges are the backbone of the industry. For some companies, remaining operational is a challenge. Cobinhood, a once popular trading platform, will seemingly throw in the towel. Cobinhood is Shutting Down More specifically, the company has confirmed it will shut down starting today. There will also be an audit […]
VeChain Foundation has 1.1 Billion VET Tokens Stolen due to Human Error
A little bit of confusion or controversy often goes a long way in the cryptocurrency industry. Evidence indicates that the VeChain Foundation’s address to buy back VET has been compromised. The announcement was made by the Foundation themselves earlier tonight. A Major VeChain Foundation Hiccup In the blog post, the […]
Vietnamese Crypto Exchange VinDAX has Been Hacked
Over the past 11 years, numerous cryptocurrency exchanges have been hacked. The total amount of funds stolen because of these incidents has become astronomical. Even in 2019, that trend is not slowing down. VinDAX, a Vietnamese trading platform, has fallen victim to a cyber attack. VinDAX Confirms the Theft of […]
New Update Confirms Cryptopia Users Never had Individual Wallets
It has been a while since a new Cryptopia update was provided. The exchange ran into foul weather several months ago. Most of its users still await the refund of their outstanding cryptocurrency balances. The future of the Cryptopia company remains very uncertain. Ever since the platform ran into trouble, […]
Bitmarket Co-owner Found Dead Under Suspicious Circumstances
Running a cryptocurrency exchange is a very tedious and stressful undertaking. Not everyone is cut out for this 24/7 job, which is only to be expected. Tobiesz Niemiro, a former co-owner of the now-defunct BitMarket exchange, was founded dead this week after what appears to be a suicide. BitMarket Exit […]
Swedish Bitcoin Trading Platform QuickBit Confirms Data Breach
In the cryptocurrency world, exchanges remain a very profitable target for hackers and other types of criminals. In the case of QuickBit, a Swedish trading platform, a data breach took place, albeit it seems no money was stolen in the process. This is another stark reminder for users to not […]
Coinbase Surpasses 30 Million Users Despite Slower Growth Since September 2018
Sustaining growth in the cryptocurrency industry goes well beyond the projects themselves. All companies and service providers need to follow a similar approach, albeit that is often much easier said than done. Recent figures show the number of Coinbase users continues to grow, as the exchange has now seemingly surpassed […]
4 Reasons why Negative Trading Fees are Crucial in the Cryptocurrency Industry
In the cryptocurrency world, there are numerous interesting ventures and solutions to take note of. When it comes to trading platforms and exchanges, the trading fees are often scrutinized first and foremost. Some platforms have come up with a crafty solution, known as negative trading fees. The bigger question is […]
Japanese BitPoint Cryptocurrency Exchange Loses $32m Following Hack
The year 2019 will not go down in the cryptocurrency history books as the most secure year for trading platforms. Numerous companies have already been hacked this year, and it now seems BitPoint can be added to this growing list. The Japanese trading platform has been compromised and funds have […]
4 Notes on Bleutrade Delisting Dogecoin, QTUM, and Others
Running a cryptocurrency exchange is a very time-consuming task. Platforms need to cater to as many users as possible, primarily by opening up dozens of trading markets. For Bleutrade one of the smaller altcoin trading platforms, removing dozens of coins is also par for the course. Removing Dozens of Coins […]
Has Cryptocurrency Exchange Bitsane Pulled an Exit Scam?
A lot of things are happening in the world of cryptocurrency. While not all of these developments are prominent or even positive, it is important to keep tabs on everything that is going on. It now appears the Bitsane exchange has become defunct and they may have stone customer funds […]
Cryptopia’s Lack of a Backup Database can Cost Users Another $2 Million
There is never a shortage of controversy in the cryptocurrency world. Following its hack earlier this year, there have been a lot of questions regarding Cryptopia and how things would move on from there. So far, it seems little to no real progress has been made, and things are even […]
4 Major Concerns for HitBTC Users Confirmed by Coinfirm
Cryptocurrency exchanges play a crucial role in the world of Bitcoin and altcoins. Despite their centralized nature contradicting everything cryptocurrency stands for, these platforms facilitate access to this new form of money. Not all exchanges are getting the best of feedback regarding their business operations, however. When it comes to […]
Cobinhood Isn’t Pulling an Exit Scam Following DXN Price Collapse
There appear to be numerous conflicting pieces of information regarding the Cobinhood cryptocurrency exchange. While it is evident for everyone to see the company is struggling, tales of its exit scam are vastly overstated. Moreover, there is plenty of DXN token drama, which also affects this trading platform at an […]