Cobinhood (a cryptocurrency exchange based in Taiwan) has revealed that it has decided to exit by filling for bankruptcy after an alleged scam. The company is currently in the process of laying off employees, restructuring and appointed a liquidator tasked with laying off its staff. A user tweeted: “Classy exit scam from COBINHOOD & dexonfoundation (same company). After raising $3M just last month, they unlocked all tokens, dumped on the market and announced that they appointed a liquidator.”
Launchpad Premium, a premier IEO service has been launched by ProBit Exchange with target to o provide accelerated IEO packages for projects in search of even more rounded and competitive assistance in reaching their financial goals. Listening Mind (a the ultimate aggregation of search data based on other search engine giants) is the first and immediate project to get into Launchpad Premium IEO.
Cryptoexchange Poloniex has announced that it will block number of US crypto traders Ignis, Bytecoin, Decred, GameCredits and few others. The Poloniex explained, “Today’s action is a result of regulatory uncertainty in the US market. Specifically, it is not possible to be certain whether US regulators will consider these assets to be securities,”
Coinbase (a San Francisco-based crypto exchange) has announced that it’s in a very close stage to buy Xapo (a crypto custody provider) to boost its custody business. It has also been revealed that Coinbase and Fidelity Digital Assets have been involved in a neck-and-neck race to seal this acquisition. Xapo’s expertise lies in providing safe storage for Bitcoin. The company’s main product is the cold storage vault for Bitcoin.
Naga, a German based for fintech firm has launched its new exchange platform, Nagax which is well integrated into the social investing network Naga Trader. It has also its own crypto wallet which supports major crypto, all ERC-20 tokens and the Naga Coin (NGC). It is providing zero fees for the first three months of Nagax’s operation. When this period ends, an eight-tier fee system will be integrated.
The Intercontinental Exchange (ICE) which has been pitching hard for its bitcoin futures contracts platform: Bakkt, now waiting for approval from the United States Commodity Futures Trading Commission (CFTC). Adam White, COO of Bakkt explained, “DACC shares our security-first mindset and brings extensive experience offering secure, scalable custody solutions to institutional clients. The team’s experience integrating multiple blockchains and operating cutting-edge consensus mechanisms is a valuable addition to our team and future product line.”
Worldwide exchange website Currency.com has announced that it will offer a tokenized type of Belarussian government bonds, as indicated by a public statement. Clients would now be able to utilize fiat cash or digital money bitcoin (BTC) and ether (ETH) to put resources into an exchange Belarussian government securities. Belarussian-based organization Currency Com Bel LLC is asserted as the principal association to tokenize government bonds.
Ripple (XRP), the third biggest cryptographic money in the crypto market by market capitalization has been listed by the Taiwan based cryptoexchange BitoEX. In its official Twitter page: “New Trading Pair XRP trading pairs goes live today! BitoPro officially launches Ripple (XRP) spot trading for TWD/BTC/ETH/USDT by 12 PM (UTC+8) of 29th April 2019. We invite fellow traders to come place your orders”
A creditor has taken the London Block Exchange (LBX) to London’s High Court of Justice and has been served petition from law firm Squire Patton Boggs. Russell Hill, a partner at Squire Patton Boggs said, “We filed a winding-up petition against the company as a matter of public record for a debt we are owed. At this stage, because of ongoing litigation, it’s not appropriate for me to say anything more.” But LBX is sure the verdict will be in their favor.
US Securities and Exchange Commission (SEC) has temporarily suspended trading in the securities of crypto exchange Bitcoin Generation. The SEC said it had taken the decision due to concerns about the accuracy and adequacy of information in the marketplace surrounding its outstanding common stock, promotional activities and the impact they had on the market, as well as the company current financial condition. Brokers and dealers are being urged to strictly comply with the commission rules.