Binance Freezes Funds With Suspected Money Laundering Links From Controversial Exchange WEX

Funds users of WEX.nz crypto exchange have flagged as being possibly laundered are now quarantined on Binance, CEO Changpeng Zhao confirms. Troubled cryptocurrency exchange WEX.nz has seen its funds frozen by fellow exchange Binance after users claimed the exchange was involved in money laundering, CEO Changpeng Zhao confirmed on social media Oct. 29. In response […]

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ERC-20 Co-Author Proposes New ICO Model to Protect Investors from Fraudulent Token Sales

Ethereum developer and co-creator of the ERC-20 token standard has introduced a new concept for ICOs to better protect investors. The Ethereum (ETH) developer that co-authored the ERC-20 token standard has introduced a new model for Initial Coin Offerings (ICO), Czech business news outlet Kurzy reports Oct. 31. Speaking at Ethereum’s annual Devcon conference in […]

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Leverate Debuts Crypto Payment Gateway For FX Brokers

Foreign exchange (FX) brokerage solutions provider Leverate is rolling out a cryptocurrency solution aimed at promoting crypto adoption among brokers and businesses. Reports in Finance Magnates on Tuesday (Oct. 30) said Leverate announced the launch of Terrexa Pay, providing a cryptocurrency payments gateway platform that enables users to streamline their transactions made with bitcoin and […]

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Two Brazilian Banks Reopen Accounts of Local Crypto Exchange to Avoid Fines

Banco do Brasil and Santander reopen accounts of Brazilian crypto exchange Bitcoin Max following the preliminary court injunction. Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31. The preliminary decision to reopen accounts in […]

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Coinbase Exec Denies Plans for IPO ‘Any Time Soon,’ Reveals Plans to Add up to 300 Coins

Coinbase thinks that around 300 out of the total number of cryptocurrencies in existence currently are “worth” offering. Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who […]

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Korea’s Top Financial Regulator: Crypto Exchanges Should Face ‘No Problems’ With Banks

The chairman of South Korea’s Financial Services Commission has affirmed that crypto exchanges should face no issues with banking provisions. The chairman of South Korea’s Financial Services Commission (FSC) has affirmed that crypto exchanges should face no issues with banking provisions, local media platform Token Post reported Oct. 30. The FSC’s Choi Jong-Ku clarified that […]

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Bitstamp Is Looking Towards ‘Global Expansion’ After Being Acquired by South Korean Investors

Bitstamp has been acquired by Brussels-based investment firm. On October 29, the cryptocurrency exchange, Bitstamp, was acquired by Belgium-based investment firm NXMH, which in turn, is owned by South Korean media conglomerate NXC Corp. The Luxembourg-registered exchange is now controlled by the same company that bought the majority stake in the South Korean crypto exchange, […]

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