Blockchain 

Monero (XMR) Jumps 6% On New Exchange Listing Hopes

Back in 2017 when the crypto sphere was in the middle of one of the biggest bull runs ever seen, Monero (XMR) had emerged as one of the more interesting coins, and the price surged significantly at the time. However, over time, the coin lost its shine somewhat as more and more exchanges got suspicious about the fact that the coin was anonymous in nature. Eventually, the coin was delisted from many exchanges, most of which were in Japan, one of the most advanced cryptocurrency ecosystems in the world, and…

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Blockchain 

Koinex Exchange Shuts Down Trading Services in India

Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision. Koinex Shutdown In an official statement, Koinex says it has always wanted to provide blockchain enthusiasts a reliable way of digital trading assets. The government-instituting ban on cryptocurrencies, according to Koinex management, made it impossible to continue offering crypto trading services. The exchange has since given its customers until…

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Blockchain 

Bitrue Hacked | Another Crypto Exchange is Breached with 4.2M Stolen

According to reports, Singapore-based crypto exchange Bitrue has been hacked. The culprits have made off with approximately $4.2 million in user assets. What’s going on? Here’s what we know so far. Bitrue Hacked The hack was announced earlier today via Twitter, with the company saying it first noticed the issue around 1 am local time Thursday. Those who have had funds stolen are to be reimbursed as tokens on the exchange are insured. Details have emerged about what was taken; according to Bitrue, the loot includes 9.3 million Ripple (XRP) valuing…

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Blockchain 

Initial Exchange Offering (IEO) | The Pros & Cons Everyone Should Know

If you’ve ever been interested in fundraising your startup, you’ve probably heard of an Initial Exchange Offering, or IEO. IEOs are becoming more popular than ICOs and are considered the next stage in the evolution. However, the concept hasn’t crawled out of its crib yet, and many people are confused about its reliability and benefits. Today, we’ve decided to have a closer look into this matter and present you with a thorough list of pros and cons for Initial Exchange Offerings. What is an IEO? An Initial Exchange Offering, similarly…

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Blockchain 

Crypto Exchange Blockport Bankrupt After STO Fails to Meet Expectations

Amsterdam-based crypto exchange Blockport is facing uncertainty and has declared bankruptcy after its security token offering (STO) failed to meet minimum expectations, ending up in disaster. Blockport Files for Bankruptcy After STO Failure Between April 16 and May 15, Blockport launched a token sale in which the exchange sought to raise $5.62 million, but things didn’t turn out as planned. The company’s Chief of Product and Founder Sebastiaan Lichter announced last month through a blog post that the STO project failed to hit its soft cap of $1.13 million. Shortly after,…

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Blockchain 

Coinroom Exchange Shuts Down and Leaves with Customers’ Crypto

According to sources from news outlet money.pl, a Polish cryptocurrency exchange known as Coinroom has shut down abruptly and disappeared with all its customers’ funds in tow. The Polish exchange, first registered in 2016, has even deleted its Twitter page. Coinroom Shuts Down The news outlet reportedly received an email from one of the exchange’s customers who said that the exchange ceased operations overnight and disappeared with all the funds in April. Though the exact amount stolen isn’t yet known, many customers reported having over $15,000 worth of cryptocurrency in…

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Blockchain 

Initial Exchange Offering | A Newcomer in the Blockchain Evolution

You’ve heard of Initial Coin Offerings (ICOs), but have you heard of an Initial Exchange Offering (IEO)? If not, don’t worry—today we’re taking a closer look at IEO. What Exactly is an Initial Exchange Offering? An Initial Exchange Offering and an Initial Coin Offering have the same goal—to raise funds. The key differentiating factor is that while an ICO is launched by a startup on an ICO platform, an IEO is conducted by an exchange on behalf of the token issuer. An Initial Exchange Offering is every startups’ best friend.…

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Blockchain 

Rakuten Launches Cryptocurrency Exchange for Customers

Rakuten has begun accepting applications for accounts for its anticipated cryptocurrency exchange called “Rakuten Wallet.” The company announced that pre-registration is available for customers with Rakuten Bank, but further details as to whether the service will be available for everyone has not yet been revealed. The company previously stated that the crypto exchange will commence business in June 2019 and it will come with a mobile app that allows trading of crypto assets. New Crypto Exchange for Customers Rakuten had a revenue of $9 billion in 2018, and the decision…

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Blockchain 

Thai Stock Exchange to Launch Cryptocurrency Platform Next Year

The Thai Stock Exchange (SET) is planning on rolling out a cryptocurrency platform sometime in 2020. According to SET’s official press release yesterday, the country is “ready for digital transformation.” Thai Stock Exchange Expands into Crypto SET President Pakorn Peetathawatchai said that the exchange’s three-year plan would focus on developing a “digital infrastructure platform.” The Thai president feels that this will open up new investment opportunities for investors and will provide more speed and convenience for trade. The Thai Stock Exchange seeks its new structure to be a “one-stop” digital…

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Blockchain 

SIX Stock Exchange Adds XRP to Latest ETP Project

The largest stock exchange in Switzerland, the SIX stock exchange, is planning on launching an XRP crypto exchange-traded product (ETP). Amun AG was the first crypto startup to launch ETPs on SIX. Hany Rashwan, CEO of Amun AG, told CoinDesk that this new product will have the ticker AXRP. SIX Stock Exchange Adds XRP ETP The SIX Stock Exchange has not released any formal news yet on this matter and the ETA of AXRP is unknown at this time. In addition to the XRP ETP, Rashwan told CoinDesk that SIX has…

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