South Korean Court Rules Bank’s Action to End Banking Services to Crypto Exchange Illegal

Twitter Facebook LinkedIn A court in South Korea has ruled that the decision by a commercial bank to stop offering banking services to a cryptocurrency exchange was unlawful and must therefore be rescinded. According to the Central District Court’s 50th Civil Affairs Division, the move by South Korean commercial bank Nonghyup to cease offering deposit […]

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XP Investimentos Won’t Let Users Deposit or Withdraw Bitcoin

The website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal do […]

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, […]

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How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds […]

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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014. Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s […]

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Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7% between 2018 and […]

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UAE Startup Launches First-Ever Sharia-Compliant Islamic Crypto Exchange

Adab Solutions, a UAE-based crypto startup has announced the launch of the First Islamic Crypto Exchange (FICE), the only crypto exchange in the world that is designed to be in compliance with Sharia law. Islam and Crypto According to a report from Trade Arabia, an in-house Sharia Advisory Board (SAB) made up of independent international Sharia […]

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Korea’s Biggest Crypto Exchange UPbit Comes Out Clean in Audit after Raid

UPbit, currently the biggest crypto exchange in South Korea, came out clean in an audit report which proved the exchange had 100 percent of the amount its balance sheet demonstrated. Police Raid in May On May 11, as CCN reported, UPbit was raided by local authorities under the suspicion of balance sheet manipulation and inflated […]

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OKEx Latest Industry Giant to Launch Cryptocurrency Index Fund

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Crypto trading giant OKEx has become the latest industry giant to launch a cryptocurrency index fund. Announced this week and debuting on Tuesday, the product — called OK06ETT — will allow investors to invest in a basket of six cryptocurrencies through a […]

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Cryptocurrency Exchange Binance Inks $15 Million Investment Pact with Bermuda

Join our community of 10 000 traders on Hacked.com for just $39 per month. Reports have confirmed that Bermuda’s Premier and Minister of Finance, David Burt has signed a memorandum of understanding (MOU) with Binance Group, the operator of the world’s largest cryptocurrency exchange. During a trip to Bermuda, Binance founder and CEO Changpeng Zhao […]

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