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South Korean Cryptocurrency Exchanges Announces Bankruptcy
Exchanges
South Korean Cryptocurrency Exchanges Announces Bankruptcy
The South Korean cryptocurrency exchange has now declared bankruptcy, according to Korean news outlets. This comes after the exchange has suffered several millions of dollars in losses, largely due to suspected embezzlement. Coinbin cited government regulation and increased debt in addition to the embezzlement The cryptocurrency exchange in question is Coinbin. Coinbin initially posted a notice in Korean on its website this past Wednesday. Specifically, the statement is said to…
Changpeng Zhao Says His Exchange Can Survive Any Bear Market
Exchanges Ripple
Binance is Bulletproof – Changpeng Zhao Says His Exchange Can Survive Any Bear Market
Changpeng Zhao, CEO of Binance has said that the exchange can weather any bear market during a periscope AMA yesterday. Changpeng Zhao, crypto billionaire and CEO of Binance, the world’s largest crypto exchange is confident in his business. Whilst speaking as part of an ask-me-anything (AMA) session on periscope yesterday, Zhao coolly stated that his exchange could survive any bear market. Zhao – or CZ as he often goes by…
Canadian Exchange QuadrigaCX CEO Passed Away, Crypto Wallets Keys Lost
Exchanges
Canadian Exchange QuadrigaCX CEO Passed Away, Crypto Wallets Keys Lost
A Canada-based crypto exchange, QuadrigaCX has misplaced its cold storage wallets leading to it filing an application for protection from bankruptcy. In a rather bizarre occurrence, a crypto exchange based in Canada has published a notice on its website, explaining that they have been experiencing serious liquidity issues due to the loss of cold storage wallets containing the exchange’s “significant cryptocurrency reserves”. The notice goes on to explain that they…
Bakkt One Step Closer To Launching
Exchanges
Bakkt: One Step Closer To Launching
The long-anticipated cryptocurrency exchange Bakkt announces key vacancies. The will hire for many important positions, announced in a Tweet on January 22nd. What has Bakkt accomplished so far? The Intercontinental Exchange (ICE) started in 2000 and are a Fortune 500 company. They connect the largest community of participants in all major markets at key phases of the investing, trading, hedging and capital raising lifecycle. ICE owns several exchanges, including the…