Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’ – CCN.com

Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’ – CCN.com

TwitterFacebookLinkedInReddit Trade hopes fuel risk-on rally in Asian equities on Friday. | Image: Shutterstock Asian stocks advanced on Friday after an apparent thawing in U.S.-China trade tensions fueled investors’ appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U.S. dollar. Asian Market Update Markets across the Asia-Pacific region…

BitMEXodus: Bitcoin Traders Abandon Exchange Amid CFTC Probe

BitMEXodus: Bitcoin Traders Abandon Exchange Amid CFTC Probe

TwitterFacebookLinkedIn Bitcoin traders yanked a staggering $525 million off BitMEX in July amid rumors of a CFTC probe and competition from Binance. | Source: CNBC/YouTube (i), Shutterstock (ii). Image Edited by CCN. July wasn’t exactly a banner month for crypto investors, but it turns out it was even worse for one of the world’s largest…

Bitcoin Approaches Second Inning as Bakkt Exchange Launch Nears

Bitcoin Approaches Second Inning as Bakkt Exchange Launch Nears

Bakkt has been trumpeted as a future main driver of crypto institutional adoption and even the bull market. The bitcoin futures exchange boasts everything Wall Street firms are looking for – the promise of uncorrelated returns to the stock market plus the confidence of regulatory oversight. But in case you haven’t noticed, Bakkt hasn’t launched…

Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by…

Coinbase Loses Another C-Suite Exec amid Mass Exodus at the Exchange

Coinbase Loses Another C-Suite Exec amid Mass Exodus at the Exchange

By CCN: The hits just keep on coming for popular U.S.-based cryptocurrency exchange Coinbase. Asiff Hirji took to Twitter to reveal that after less than two years as the Coinbase president and chief operating officer in San Francisco, he was calling it quits. Incidentally, Hirji, who is a TD Ameritrade alum, joined Coinbase during bitcoin’s…

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

TweetShareBy CCN: The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit.Bitfinex: Supreme Court Ruling a “Victory”The embattled exchange called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already…

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

TweetShareBy CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time.Ranking Exchanges Beyond Their “Volume”Notice…