Crypto Exchange

Recently, CipherTrace released a detailed analysis of how two Chinese nationals laundered stolen crypto through various banks and crypto exchanges.  The two Chinese national hackers are Tian Yinyin and Li Jidong. The two hackers got charged with money laundering conspiracy and operating an unlicensed money transmitting business by the US Department of Justice. The Technique Used to Carry out the Fraud as per CipherTrace CipherTrace reported that the two Chinese hackers used a technique known as ‘peel chains’ to hide…

Crypto trading bots are the new craze in the crypto space. They offer crypto traders excellent ways to monitor the highly volatile market and automate their trades. Binance.US is among the top crypto exchange platforms enabling users to buy, sell, and store cryptocurrencies. Leveraging Binance's world-class trading engine, Binance.US can execute up to 1,400,000 orders per second. Their infrastructure uses state-of-the-art storage technology for secure trading across various crypto and fiat markets. In addition, BinanceUS supports many trading bots that…

OKCoin is currently leading in digital asset exchange, and it operates in about 184 countries. OKCoin, on March 6th, announced the appointment of Tim Byun as OKGroup's GGRO (Global Government Relations Officer).  In similar changes, Hong Fang, OKGroup's current company chairman, was announced as the CEO, changes that will take effect on March 31st, 2020.  Mr. Byun's role in the creation of OKCoin, especially in the US, was excellent, with him propelling the company to launch its first US office.…

On the 27th of February 2020, Bitstamp announced adding full support for SegWit bech32 Bitcoin addresses. The announcement said that all Bitstamp users can now withdraw Bitcoin to bech32 addresses and develop new deposit addresses in this format. In this case, Bitstamp generated new Bitcoin deposit addresses for all its clients. When depositing Bitcoin onto the exchange, Bitstamp users can now choose between the old format or the bech32. Nevertheless, the exchange prefers all users to switch to bech32, claiming…

On 26th February, Bithumb Global announced that the exchange would now support Bithumb and Bithumb Global asset transfers. Bithumb, which is South Korea's largest crypto exchange, is looking to expand its global coverage, and the move will help strengthen its connection with Bithumb Global. Users who are subscribed to Bithumb Global with a Bithumb account will benefit from the exchange's new feature. Highlights of the Asset Transfer One of the best highlights of this new feature is that the asset…

Coinbase recently tested Clearview, AI facial recognition technology, according to the BuzzFeed News report. However, the exchange refuted claims that it used customer data for the test. Coinbase has over 20 million views every month and more than 30 million total accounts. The firm started scrutinizing Clearview following a New York Times article that shows its database of more than three billion images, scraped from various websites and social media platforms. Challenges Facing Clearview AI Recognition Facebook, Google, and Twitter…

Trading digital assets is a challenging experience, especially when you don't have the proper mechanism in place. That is why Binance has introduced the Binance Cloud to ensure smooth and comprehensive digital transactions at any level. The leading global blockchain ecosystem and cryptocurrency exchange company, Binance, has announced the launching of Binance Cloud. This innovation focuses on providing infrastructure solutions for partners and customers in launching digital assets liquidity, security, and exchanges leveraging Binance's industry-leading technology. The primary purpose of…

Binance recently sparked talks in the financial world, due to the revelation of taking a forward step towards expansion. While teaming up with the Simpex Payment Processing Provider, Binance plans to enable more people to buy BTC, ETH, XRP, and other cryptos with fiat currencies at their convenience. Binance will now give users the ability to save money by eradicating extra fees such as bank levies and conversion tariffs that card companies charge regularly. Solutions to The Issues Facing Binance…

Bittrex moved Bitcoins worth tremendous value from its central exchange to another wallet. However, Bittrex returned the coins to the initial wallet with the two huge transactions costing almost nothing. The deal took place earlier today and included a transfer of 48,952  BTC (valued at $491 million), as shown by blockchain records first recorded by Whale Alert via Twitter. Interestingly, Bittrex paid a fee of $ 1.51 for two large transactions. The first and second are $ 0.67 and $…