New York wants cryptocurrency exchanges to explain themselves; Winklevoss says he'll comply

The New York Attorney General office’s Investor Protection Bureau sent letters to Coinbase’s GDAX exchange, Gemini Trust, bitFlyer and 10 other cryptocurrency exchanges requesting they complete by May 1 a questionnaire on areas such as ownership, fees, trading suspensions and money laundering. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of […]

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Coinbase May Register To Be SEC-Regulated Brokerage

North America’s largest cryptocurrency exchange Coinbase is in talks with the Securities and Exchange Commission (SEC) to register as a licensed brokerage. Company officials have approached SEC officials regarding the matter, according to a report in the Wall Street Journal citing anonymous sources. A positive response from the SEC will make Coinbase the first SEC-registered cryptocurrency exchange within the United States. […]

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What Are Centralized Cryptocurrency Exchanges?

For most digital currency investors, the centralized cryptocurrency exchange is one of the most important vehicles for transacting. Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common means that investors use to buy and sell cryptocurrency holdings. Some investors may find the concept of a “centralized” exchange to be somewhat misleading, as […]

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Three Strikes Against Bitcoin's Lightning Network

The introduction of Lightning Network (LN), which is a second layer to enable off-chain transactions on bitcoin, is expected to be a game changer in the cryptocurrency’s evolution. Once it is deployed across all nodes, the Network will speed up transaction processing and decrease their associated costs on bitcoin’s blockchain. (See also: What Is Bitcoin “Lightning Network”?) Since the beginning […]

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Kraken closes financial accounts SWIFT and JPY

The popular crypto exchange Kraken e-mailed a letter to its customers, it contains the text that the exchange will close SWIFT bank accounts, as well as JPY accounts for SMBC in Japan. This crypto exchange is very popular on the crypto-currency territory, and such a step can become very unpleasant for many users. What writes Kraken Your message: "We regret […]

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Major Cryptocurrency Exchanges Halve Bitcoin Withdrawal Fees Due to SegWit

Some of the largest cryptocurrency exchanges in the global market including Binance and Kraken have halved bitcoin withdrawal fees due to the rising adoption of scaling solution and transaction malleability fix Segregated Witness (SegWit). SegWit Adoption Last week, Coinbase, a major bitcoin brokerage and wallet platform with over 12 million users, along with leading cryptocurrency exchange Bitfinex enabled SegWit and […]

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How Do I Buy Ethereum?

In 2017, Ethereum has grown at an incredibly rapid pace. In fact, the third-largest cryptocurrency by market capitalization. It was at one point poised to take over the top of the list, displacing Bitcoin to become the most prominent cryptocurrency in the world in a phenomenon known as the “Flippening”, till Ripple came along.  Additionally, Ethereum’s coin, ether, has grown in value […]

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