Noncustodial Crypto Exchanges, Explained

Noncustodial exchanges represent a middle ground between centralized and decentralized exchanges while performing fast crypto conversions What are the disadvantages of NCEs? Much like decentralized exchanges, users have full control of their private keys and are thus responsible for the transactions they make. The onus is on a user to provide the correct address when […]

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Breaking: U.S. Regulator Investigating Crypto Exchange BitMEX — Report

Suspicions are reportedly focusing on U.S. users circumventing a ban on trading. United States regulator the Commodity Futures Trading Commission (CFTC) is reportedly investigating derivatives giant BitMEX. CFTC wants to know if Americans using BitMEX According to sources citing people familiar with the matter speaking to Bloomberg, the CFTC suspects that BitMEX, which is registered […]

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Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

Nouriel Roubini derided BitMEX as an example of a criminally unregulated crypto exchange, and called for authorities to enforce crypto regulation at large. Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space.  Roubini, a professor at NYU’s Stern School of Business, […]

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Facebook’s Marcus: Libra to Satisfy All Regulatory Matters Before Its Launch

David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all regulatory concerns. David Marcus, CEO of Facebook’s crypto wallet Calibra, underlined that Facebook would not launch the Libra cryptocurrency project before they address all regulatory concerns. Marcus delivered his comments at a hearing […]

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Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]

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