A professor at NYU’s Stern School of Business, Nouriel Roubini has been fierce critic of cryptos, in his recent essay titled ‘The Great Crypto Heist’ in which he punished BitMEX compliance policy. From his writing: “BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.”
Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. In the post it share, “…After that, on September 1, we will tally average user XLM balances based on these snapshots and complete the distribution of your XLM staking rewards.”
Japan which is at present holds second largest crypto traders in the globe aims to become a crypto hub. It seeks to achieve this by its Financial Services Agency (FSA) which is working to approve up to 110 new trading platforms. While there is no definite date or confirmation that all of these exchanges will successfully register with the FSA, the fact that the regulator is finally reopening the registration process points to a thawing attitude.
Binance Singapore has announced to the public that they have listed Litecoin (LTC, a fast payment coin). A Twitter user shared, “Is the market becoming more rational & demanding regarding transparent monetary policies? XRP & XLM have the lowest ratio from the top 10 and are the worst performing assets YTD. Could also be the potential competition from Libra.”
The Coinbase (a cryptocurrency exchange based in USA) has announced that it has released aggregated data in the form of three trading signals to its customers. The 3 trading signals that are being offered are top holder activity, typical hold time and popularity, and price correlation. The purported aim of each of these offerings is to allow investors to create more informed trading strategies, by means of insights that go beyond raw price metrics
A P2P trading platform developed on NEO blockchain, Aphelion has been listed by a major digital currency exchange, BitMart Exchange with its Aphelion Token (APH) which is available APH/BTC trading pair. APH token acts as a digital escrow which will simultaneously captures terms from buyer and seller. It has also recently upgraded its UI on Earth Aphelion Day on July 6th, 2019.
A crypto exchange located in Japan Bitpoint which has suffered from recently from hacker attack has revealed that it has lost crypto assets of value around 3 billion yen ($27.8 million). It has also provided break down details, 2.6 billion yen belonged to customers and 960 million yen were company assets. It has also come up with a robust plan to compensate customers in cryptocurrencies rather than in their equivalent fiat value.
Binance (a major cryptocurrency exchange) has made public it idea to launch a branch in South Korea and also revealed that they’re working with with local partners, but details were not made public. The exchange CEO Changpeng Zhao said, “We are seeking a Compliance Officer to support our expansion into all global frontiers, including KYC, Client Onboarding and AML/CFT. The role is based in Seoul, South Korea.”
A cryptocurrency exchange, CEX.IO and XTRD, a trading product providing platform has announced that they have entered into a partnership and integrate existing & future XTRD trading product. The CEO of CEX.IO Oleksandr Lutskevych said, “Our partnership with XTRD becomes the foundation for the whole line of services that speaks to the needs of our institutional clients…”
A decentralised exchange, SwitchDex has been built from scratch by Switch.ag which it boast as easiest user interface you can find in a full-fledged crypto exchange. It will be having its own native tokens, DESH and SDEX of the Switch.ag and SwitchDex respectively. These tokens offer instant benefit to the users of the platforms through airdropped profits generated from fees, and also give further discounts to users.