The crypto wallet application, Edge has declared the launch of v1.2.1. The wallet has extended support to the Ripple (XRP), Monero (XMR), and Quantum (QTUM). The founder and CEO of the Edge, Paul Puey mentioned that the Edge allows the users to “hold, send, receive, buy and trade these currencies from a secure wallet they fully control with no custodian.”
BitFlyer cryptocurrency exchange has halted the new account registrations on 21st June. The announcement followed the order received from the Financial Services Authority commanding to improve its services. The regulatory body has mandated the exchange to submit the improvement plan by the 23rd of July. The authority has also listed eleven steps to be followed.
The Bittrex cryptocurrency exchange has declared the addition of Ethereum and USD trading pair to its platform. The CEO of the exchange, Bill Shihara stated, “Expanding fiat markets to the top digital currencies on our exchange should further drive adoption of this revolutionary technology.” The trading pair would be open for retail customers in Washington, California, New York, and Montana.
Speaking at the CB Insights’ Future of Fintech Conference, the CEO of Ripple, Brad Garlinghouse mentioned, “Let’s be clear. Ripple is different than XRP.” With respect to a reason declaration that Bitcoin and Ethereum are not securities, Garlinghouse detailed on three factors claiming XRP is not a security. XRP is constant and its ownership is not relevant to the Ripple.
The U.S. Securities and Exchange Commission has received two hundred pages complaint report from the users of the Coinbase cryptocurrency exchange. The users of the platform have mentioned the theft of funds and the dereliction on the company’s part to respond to customer queries. The media outlet managed to get the copies of 164 pages of the complaint report.
The Bithumb crypto exchange which has lost $31.4 million funds to a hack event would be reimbursing the users. The company would be repaying the users in full. It stated, “Bithumb is reducing the amount of losses through its ongoing disaster recovery. Future figures are expected to be lower.” The company has started its recovery processes.
The report unveiled by the KureCoin Hub, a crypto platform, revealed that the Nigerians are keen about the cryptocurrency market. Their investments in the crypto industry have crossed beyond $5 million in the recent years. The crypto market capitalization has reached around $500 billion. The crypto investments have increased despite the financial bodies warning against such activities.
Zebpay, a bitcoin wallet service provider, has exposed a circular on the recent Reserve Bank of India (RBI) action on “Prohibition on dealing in Virtual Currencies.” Zebpay approached the Supreme Court challenging the RBI’s decision. The company announced, “Please note that if Zebpay bank accounts are disrupted, rupee deposits and withdrawals will become impossible.”
The CEO of Coinbase, Brian Armstrong was giving some insights to the newly employed staff claiming to remain positive with the volatility of Bitcoin price in his official Twitter account. Armstrong tweeted, “It can be scary the first time you see it, but to us who have been in the industry for many years, it feels like old news.”
Alibabacoin announced the launch of Multi-crypto Wallet which would support ten different coins simultaneously and store coins with added company’s unique facial recognition blockchain system. The Multi-crypto would offer 50,000,000 ABBC coins among the 500,000 users who form part of the program. Twenty extra coins are to be distributed from 21st June to 20th July.