Coinbase User Sues over lockouts, Crypto as a Security
By failing to complete the necessary registration as a securities exchange, user accuses Coinbase of flouting federal and state regulations. On behalf of account and wallet users “who have had their accounts compromised and experienced damages deriving from the illicit transfer of funds,” one user has launched a class-action lawsuit against cryptocurrency exchange Coinbase. George […]
CZ Binance shows concerns for traders facing crypto exchange jitters
Changpeng Zhao, also knon as CZ Binance, expressed worry for traders after becoming aware of the infamous phenomena known as trade jitters on other cryptocurrency exchanges. Jitters in cryptocurrency trading refer to a trade occurrence where a buyer’s or seller’s purchase or sell order becomes stalled and slides down the list, allowing for the execution […]
Report: Robinhood gets 60% off $170M exchange purchase.
Due to unfavorable market circumstances, Robinhood, the US-based stock and cryptocurrency trading platform allegedly obtained a 60% discount on the first offer offered to Ziglu. Because of unfavorable market conditions, stock and cryptocurrency investing platform Robinhood allegedly received a 58% discount on its $170 million bid to purchase crypto exchange Ziglu. Robinhood made its original […]
Korea’s FIU blocks websites of unregistered crypto exchanges
The Korea Financial Intelligence Unit (FIU) is taking action against 16 foreign-based cryptocurrency exchanges for failing to register with relevant authorities in the country. The FIU has informed the appropriate investigating authority that 16 virtual asset service providers have been conducting business without the required registrations. Along with 13 other exchanges that the FIU is […]
Eqonex crypto exchange announces plan to shut down
Digital assets investment company Eqonex, has announced the stoppage of its activities and exit of the crypto exchange industry. Eqonex announced on Monday that it would stop trading on its cryptocurrency exchange on August 22 and permit users to withdraw money up until September 14. The company said that the closure was a result of […]