Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. High-Profile Users Get Their Issues …

Bakkt CEO Kelly Loeffler Targets July for Thrilling Bitcoin Futures Launch

By CCN: It’s finally happening. The Intercontinental Exchange (ICE), the parent company of Bakkt, has officially filed for bitcoin futures approval with the U.S. Commodity Futures Trading Commission (CFTC), according to a blog post this morning by Bakkt CEO Kelly Loeffler. Although the CFTC hasn’t approved the new platform yet, Loeffler seems confident it will, …

CoinMarketCap Looks to Repair Tainted Image with More Trustworthy Data

By CCN: Started as a side project in May 2013 by a lone developer in a Queens, New York apartment, CoinMarketCap celebrated its six-year anniversary last week. The website, which keeps track of the market capitalization of bitcoin and more than 2,100 altcoins, commemorated the milestone with a few announcements. The changes come on the …

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By 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 …

World’s Largest Bitcoin Exchange Wants to Help Rebuild Notre Dame

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the …

US Mt Gox Victims Score Legal Win Against Infamous Bitcoin Exchange

Mark Karpeles, the former CEO of the notorious Mt Gox, has lost the motion to strike a lawsuit against him on the grounds that plaintiffs – specifically the defunct bitcoin exchange’s US victims – are likely to be reimbursed eventually. The exchange’s former CEO spent nearly a year in a Japanese jail after being arrested …

$8 Billion Coinbase Faces Backlash for Latest Acquisition

Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain. Until its acquisition, it was one of a few companies growing in the space of analyzing blockchains. Its work mainly …

How Do World’s Largest Crypto Exchanges Store Funds? Avoiding QuadrigaCX’s $190M Disaster

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and …