London Stock Exchange Leads $20 Million Fundraise for Blockchain Startup Nivaura

London Stock Exchange Leads $20 Million Fundraise for Blockchain Startup Nivaura Capital markets blockchain startup Nivaura has raised a total of $20 million with the closing of its second seed extension round led by the London Stock Exchange Group (LSEG). Announced today, other investors in the latest round include Santander InnoVentures, the Spanish bank’s VC…

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement South Korean cryptocurrency exchange Coinbin has declared bankruptcy after suffering millions of dollars in losses, in part due to claimed embezzlement. Coinbin published a notice on its website on Wednesday, stating that “increased debt” and “government regulation” led to the firm having to halt its business operations. Specifically, it…

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack Bitfinex has announced that some of the bitcoins stolen in a major 2016 hack have been returned after they were retrieved by the U.S. government. In a blog post published Monday, the exchange said that 27.66270285 BTC – worth just over $104,000 at time of writing – have been received…

Brock Pierce, Mark Karpeles and the War of Words Over Mt Gox’s Future

Brock Pierce, Mark Karpeles and the War of Words Over Mt Gox’s Future Brock Pierce wants Mt. Gox creditors to receive 100 percent of whatever they’re owed – or so he says, anyway. Weeks after announcing Gox Rising – his ambitious effort to unite the long-defunct exchange’s creditors, submit a civil rehabilitation plan and relaunch the Mt Gox exchange…

Top Crypto Exchange Binance’s CFO: Business Still Profitable, Despite Bear Market

Top Crypto Exchange Binance’s CFO: Business Still Profitable, Despite Bear Market The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. The CFO, Wei Zhou, made his remarks in an interview with CNBC on Feb. 14. With Bitcoin (BTC) trailing below $4,000 for the past ten…

Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away

Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away The economy is doing just fine, they say. No, maybe not. A growing number of economists (and notable ones at that) have begun to tout theses accentuating that the world’s economy isn’t in clear waters, in spite of the seemingly ever-rallying stock market. Bitcoin giant BitMEX’s…

Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold…

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange South Korean cryptocurrency exchange Bithumb is planting its flag in the Middle East with the launch of a licensed fiat-to-crypto exchange in the United Arab Emirates (UAE). The firm announced Tuesday that it has signed a memorandum of understanding (MoU) with the UAE-based firm Nvelop…

Binance’s Decentralized Exchange Is About to Launch for Public Testing

Binance’s Decentralized Exchange Is About to Launch for Public Testing Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, is about to release its decentralized exchange, Binance DEX, for public testing. The firm’s CEO Changpeng Zhao tweeted Tuesday that the firm is targeting a date of Feb. 20 for the public testnet release of Binance Chain…

Former Mt. Gox CEO Mark Karpeles Rejects Brock Pierce’s Plans to Reboot Exchange

Former Mt. Gox CEO Mark Karpeles Rejects Brock Pierce’s Plans to Reboot Exchange Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has refuted controversial crypto figure Brock Pierce’s claims he can reboot the trading platform and accelerate compensation for Mr. Gox’s creditors. Karpeles made his remarks in private correspondence with Cointelegraph Japanon Feb. 12. As reported, Pierce…

Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange

Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange The securities watchdog in the Canadian province of British Columbia has said that it has no remit to regulate troubled crypto exchange QuadrigaCX, which owes customers millions of dollars said to be frozen on an encrypted laptop. According to Reuters, the British Columbia Securities Commission (BCSC) spokesman Brian…

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections,…