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Criminal Case Against Failed WEX Crypto Exchange Points at Russian Law Enforcement

The formerly anonymous administrator of the cryptocurrency exchange WEX, which shut down last summer, has made some shocking claims about the fate of “hundreds of millions” of dollars of clients’ cryptocurrency in talks with Russian police. Russian citizen Alexei Bilyuchenko, who confessed to being the tech administrator of the infamous BTC-e exchange and later co-founder of WEX, had been questioned as part of a criminal investigation underway in Russia since late 2018, BBC News Russian reported …

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Bitstamp Crypto Exchange Expands Into Asia-Pacific Region With New Hire

Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.”  Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange …

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Binance Exchange Is First Client for Paxos’ New Dollar Gateway

Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest cryptocurrency exchange by trading volume, will be the first to integrate the product. The firm will also have its stablecoin, …

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HTC Will Support Binance Chain With Special Edition Smartphone

Smartphone developer HTC plans to provide support for Binance Chain with a new special edition version of its blockchain mobile. The company announced Tuesday that it would release an EXODUS 1 smartphone that integrates with crypto exchange Binance’s namesake blockchain, providing support for its decentralized exchange and token. The EXODUS 1 Binance edition will integrate Binance Chain with the device’s native Zion Vault wallet app, according to the announcement. Essentially, users will be able to …

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CoinMarketCap Now Provides Crypto Investors With Data on Liquidity

Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes from The Capital, CoinMarketCap’s inaugural conference in Singapore on Nov. 12, and the tool is now live on the company’s site. The new metric will reportedly incorporate data from 3000 crypto assets. Intending to filter out market manipulation, CoinMarketCap will reportedly base the new liquidity …

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Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020. From a mechanics side, the exchange will mint a hard cap of 300 million Bithumb Coins. Half of the exchange’s revenue …

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Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only able to provide custody services to clients trading its bitcoin futures contracts. Monday’s news comes amid an additional approval by …

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Coinbase Cryptocurrency Exchange Opens Tezos Staking to All US Customers

United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ). In a blog post on Nov. 6, Coinbase announced that it is now introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform. The estimated return for Tezos staking is around 5% Staking …

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Binance to Advise Ukraine Government on Upcoming Crypto Regulation

Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies in the country.” The ministry was founded in September to supervise Ukraine’s transition to a digital economy and online government services. …

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Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from Bittrex, and the hack took control over the victim’s online identity. The hack against Seattle-based angel investor Gregg Bennett, however, …

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