Dmitri Vasilev, former owner of Russia based cryptocurrency exchange WEX has been arrested in Italy. The exchange faced problem when its anonymous admin went into hiding with private key when Vasilev decided to sell decided to sell WEX to Dmitri Khavchenko (of self-proclaimed Donetsk People’s Republic). This caused the onus falling back on Vasilev and Russsian police have initiated investigation against him and he was recently arrested at Italy.
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.
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 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.
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…”
Ohio-based professional basketball team the Cleveland Cavaliers along with its associated esports club Cavs Legion GC, has entered into a partnership with the cryptocurrency firm UnitedCoin. In their public statement: “The Cleveland Cavaliers and Cavs Legion GC (NBA2KL) have partnered with cryptocurrency-blockchain provider UnitedCoin. The partnership will bring awareness to the UnitedCoin brand and platform, while providing the Cavs with a resource to capitalize on the burgeoning financial technology landscape.”
BitMarket (a cryptocurrency exchange based in Poland) has announced its shutdown in a message appearing on its official website owing to its liquidity woes, in its last 24 hours the trade volume was only $850,080. A user accused exchange, “…long overdue KYC requirement and that they were only targeting people with expired IDs. They never addressed users’ accusations of hiding the fact that the exchange has been hacked.”
A cryptocurrency exchange based in South Korea, Bitsonic established by Skoop Media has selected FLETA blockchain for becoming its validator. FLETA is expected to become more solid as Bitsonic has participated in the FLETA network as Validator parallel with their aim in accelerating the commercialization of blockchain. FLETA’s gateway technology allows projects issuing their tokens through other mainnets such as Ethereum, Tron, or EOS to maintain their original mainnet while using FLETA service chain.
A cryptocurrency exchange based in Britain CEX.IO has announced that it has entered the US market in 9 states namely: Iowa, Kansas, New Mexico, Oklahoma, South Dakota, West Virginia, Maryland, Alaska, and New Hampshire. The exchanges founder Oleksandr Lutskevych said, “The USA has always been a strategically significant market for our company and the industry in general,”
One of South Korea biggest banks is planning to intensify regulations on accounts linked to crypto exchanges. The clampdown comes as crypto exchanges continue to fall victim to hacks including the South Korean platform Bithumb. It is believed the bank is hoping to distance itself from claims that it is helping financial criminals, amid a rise in the number of fraud cases involving exchanges.