Poland based crypto exchange, CoinDeal has published that they have renewed its sponsorship with Wolverhampton Wanderers (an English Premier League football team) & also extended to advertising. Kajetan Mackowiak, the co-founder of CoinDeal said, “After an amazing season, we really made it our priority to come back for this season to be once again, global partners of the Wolves. We feel that this partnership has been incredibly beneficial to both sides involved.”
A Bittrex user based in New York has moved to court against it for allegedly withholding funds. The user has deposited $120,000 onto her crypto exchange account but Bittex suspended it and refused to release the funds until November of this year and attempted to extort her and coercing her to sign an agreement giving up her rights to sue the company.
One of the major cryptocurrency exchanges in the industry, Gemini has announced its plan in launching an office in Chicago. The co-founders of Gemini Exchange, Tyler Winklevoss explained, “Beginning in the late 19th century, farmers came to the Windy City to sell or lock in prices for their crop. Over the past 150 years, Chicago has grown into a financial powerhouse that is tightly linked to Wall Street and the global financial system at large.”
Cryptocurrency exchange Bitfinex CTO Paolo Ardoino hinted at the maximum leverage for the exchange upcoming derivatives trading. In the tweet, Ardoino purportedly indicated the maximum leverage (like a 1 : 100) for Bitfinex forthcoming derivatives trading, which resulted in a heated discussion between community members. But only ‘verified’ users would be able to use this feature.
The Intergovernmental organisation which was setup in 1989 to combat combat money-laundering, The Financial Action Task Force (FATF) has brought out new sets of regulations to cryptocurrency exchanges to its 37 member nations. One of the important recommendations which created much noise among the exchanges is they should be adopted within 12 months.
A year after the Fair Trade Commission requested Bithumb and four other platforms to update their policy, the companies will now hold themselves accountable in the event of user funds being stolen. Increasing security for South Korean platforms is also necessary due to the increased risk of cyber attacks from neighboring North Korea.
Major Spanish bank Santander has been denied an appeal regarding a decision by the Court of Justice of the State of Satildeo Paulo in a case against crypto exchange Mercado Bitcoin, The banks Itau Corpbanca and Scotiabank had locked the accounts for the exchanges BUDA and CryptoMKT, and the public bank Banco del Estado de Chile had frozen Orionx account as well as BUDA and CryptoMK.
Youngest billionaire of U.K., 35 years old Ben Delo who at present holds 30% of crypto exchange he founded (BitMEX) has a net worth of more than $1 billion has shares his plan to donate significant part of his fortune to charity. He was inspired by his fellow alumnus from Oxford, Will MacAskill. Ben explained, To use Will’s framing of the idea, I take effective altruism to be the project of using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis.”
Popo Chen, former CEO & Co-founder of the Cobinhood exchange has reacted to the news that the exchange is pulling of an exit-scam. Though he has been removed as CEO in his letter he defends the exchange by stating: “This is no exit scam. The company didn’t file for bankruptcy either.Our company has been through a series of unfortunate incidents, causing its suspension on Monday. Its mother company Blocktopia, Inc. then formed a smaller team (including me) to take over the daily operations.”
CipherTrace (a blockchain analytics company) has announced that it has partnered with Rakuten (an e-commerce major from Japan) to help its new crypto exchange to ensure compliance and implement strong AML procedures. Yoshinao Kiyama, head of the risk control department at Rakuten Wallet commented, “Regulatory compliance and anti-money laundering protections are of the utmost importance, CipherTrace will provide us the necessary tools needed to best support Rakuten Wallet.”