South Korea’s Coinbin Files for Bankruptcy With $26 Mln Loss, Cites Employee Embezzlement

Coinbin, which acquired Youbit in 2017, is closing operations as the result of embezzlement from a senior executive. Coinbin, the South Korean cryptocurrency exchange that took over hacked exchange Youbit, has filed for bankruptcy owing users almost $30 million, correspondence from the company confirmed on Feb. 20. Coinbin, which acquired Youbit in 2017, is closing […]

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Third-Top Exchange OKEx Lists Ripple and Bitcoin Cash on Customer-to-Customer Platform

The OKEx C2C platform has listed Ripple and Bitcoin Cash while delisting NEO, QTUM and Exchange Union (XUC). Malta-based major cryptocurrency exchange OKEx has listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer (C2C) trading platform, according to a press release shared with Cointelegraph on Feb. 22. OKEx, the top third crypto trading market […]

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Coinbase CEO Brian Armstrong Tackles Four ‘Myths’ About Crypto Custody

Coinbase CEO and co-founder Brian Armstrong has outlined what he believes to be four common misconceptions about crypto custody solutions. Brian Armstrong, co-founder and CEO of United States crypto exchange and wallet Coinbase, has outlined what he believes to be four common misconceptions about crypto custody solutions. His article was published on Fortune’s crypto-focused segment […]

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New Platform Converts Crypto to Fiat Without Know Your Customer Requirements

Crypto wallet MyEtherWallet in collaboration with crypto finance firm Bity have launched a platform for the conversion of crypto to fiat without going through KYC requirements. Cryptocurrency wallet MyEtherWallet (MEW) in collaboration with crypto finance firm Bity are releasing a platform to convert cryptocurrency to fiat without Know Your Customer (KYC) requirements. MEW announced the […]

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Japanese Banking Giant Mizuho to Launch Its Yen-Pegged Stablecoin in March

Japan’s banking giant Mizuho Financial Group will launch its digital currency platform for payments and remittance services in March. Japan’s banking giant Mizuho Financial Group will launch its bespoke stablecoin for payments and remittance services on March 1, local financial newspaper Nikkei Asian Review reports on Feb. 21. In a partnership with around 60 counterpart […]

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