Bitcoin’s 4th Largest Exchange to Support Tron Stablecoin

The liquidity of the Tron network is about to go to the next level. As we previously reported, Tether is expanding its USDT product to the Tron blockchain. Now the community has heard from a veteran exchange – USDT-Tron is going to list on OKEx. 4th Largest Bitcoin Exchange to Support USDT-Tron OKEx is the 4th largest Bitcoin exchange by adjusted volume. In a note today, OKEx says: In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders. By

The post Bitcoin’s 4th Largest Exchange to Support Tron Stablecoin appeared first on CCN

News – CCN

Bitcoin Exchange Bithumb Announces 50% Layoffs

South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter.” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150. The exchange is currently ranked at no #2 in trading volume in the world by Coinmarketcap and has a 24/h volume of over $ 1.5 billion. “Voluntary Retirement” A company spokesperson claimed that most of the employees being let go had already wanted to leave. Big news. Bithumb is currently 3rd biggest wallet holder in #EOS mainnet, after B1 and Binance.

The post Bitcoin Exchange Bithumb Announces 50% Layoffs appeared first on CCN

News – CCN

Crypto Exchange Launch Shows Riot Blockchain Still Clings to the Bitcoin Dream

Riot Blockchain, a former biotech firm turned bitcoin-mining company, expects to launch a regulated cryptocurrency exchange by the end of the second quarter of 2019, or June 30. The company is initially investing up to $ 250,000 to make this roll-out happen. Riot Blockchain made the revelations in a March 14 filing with the Securities and Exchange Commission. The company formed a subsidiary called RiotX Holdings to operate the exchange, which has partnered with software provider Shift Markets. Once the RiotX exchange goes live, its 2019 operational budget is expected to approach $ 2 million. RiotX Crypto Exchange to Go Online in

The post Crypto Exchange Launch Shows Riot Blockchain Still Clings to the Bitcoin Dream appeared first on CCN

News – CCN

Bitcoin Exchange: Don’t Believe False Reports that Mexico Banned Crypto

In recent weeks, reports that Mexico has banned bitcoin and cryptocurrencies, in general, have surfaced, leading many investors to worry about the future of the crypto market in the region. Bitso: Mexico Stunted Bitcoin Industry’s Growth – But Hasn’t Banned Crypto Altogether According to Bitso, while the Bank of Mexico (Banxico) published new rules to govern cryptocurrencies and it could certainly stagnate the growth of the industry, it does not stop the operations of crypto exchanges. Banxico publicó nuevas reglas, representan un estancamiento para el sector pero no detienen nuestra operación. Seguiremos enfocados en nuestros usuarios; defendiendo tu derecho al

The post Bitcoin Exchange: Don’t Believe False Reports that Mexico Banned Crypto appeared first on CCN

News – CCN

Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze

Nowhere does the phrase ‘misfortunes don’t come singly’ appear to be truer than in the case of Hong Kong-based cryptocurrency exchange Gatecoin which has been hacked, had its banking accounts frozen, lost funds to a payment processor and now faces liquidation all in a span of three years. In a statement, Gatecoin revealed that it has to ‘cease operation with immediate effect’. According to Gatecoin, its current predicament was triggered by problems it experienced with banking partners. This saw it turn to a French-regulated payments firm but it soon ran into problems with the payments processor. Gatecoin Bites the Dust

The post Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze appeared first on CCN

News – CCN

Newsflash: Bitcoin Exchange Mt. Gox: Mark Karpeles Receives Suspended Sentence

The Wall Street Journal reports that the verdict is in on Mark Karpeles. He was found guilty on just one charge: producing illegal records. The rest of the charges, including the loss of millions of dollars in Bitcoin, were dropped. Further, he was handed a suspended sentence. Karpeles Beats Most Charges, Receives Suspended Sentence for Producing Illegal Records In the US justice system, at least, a suspended sentence basically means that as long as the accused keeps their nose clean, they never have to go to jail. Karpeles’ defense attorneys used the fact that he hid the true state of

The post Newsflash: Bitcoin Exchange Mt. Gox: Mark Karpeles Receives Suspended Sentence appeared first on CCN

News – CCN

Shock Court Ruling Holds Crypto Exchange Liable in Singapore’s First Bitcoin Trial

A court has ordered the unhappy operator of crypto exchange Quoine to follow through with a glitched computer transaction that allowed a crypto market liquidity provider to swap ether for bitcoin at a rate of 10 bitcoin to every ether at a time when 1 ETH was worth .036 BTC, not 10. In the Republic of Singapore’s first trial regarding bitcoin, the Singapore International Commercial Court (SICC) issued a judgment Thursday to press Singaporean crypto exchange Quoine to execute a trade its computers allowed in error. A Crypto Exchange Error The computer error, which occurred on Singaporean crypto exchange Quoine

The post Shock Court Ruling Holds Crypto Exchange Liable in Singapore’s First Bitcoin Trial appeared first on CCN

News – CCN