The first CER news summary was prepared in the cooperation with Vadim Kushnir.
@vadimhodler777 is one of the most active CER community members and can be considered a true crypto news expert. Thank you for your help, Vadim!
@vadimhodler777 is one of the most active CER community members and can be considered a true crypto news expert. Thank you for your help, Vadim!
📌 Binance
On the 6th of February the Malta-based exchange, Binance, opened trading for BNB/USDS and BTC/USDS trading pairs. The move comes following last Thursday’s news that the exchange would start accepting Visa and MasterCard for crypto payments. In other news concerning Binance, speculation has mounted over an announcement of a possible future partnership with Ripple to use its cross-border payment platform, xRapid.
📌 QuadrigaCX
QuadrigaCX exchange created a lot of buzz this past week.
The Canadian crypto exchange went offline last week, leaving $190 million to its customers’ funds in limbo after the death of CEO Gerald Cotten. Based on multiple testimonies, Cotten was the only person with access to the exchange’s cold wallets, where most of the funds were stored. According to the latest news QuadrigaCX has asked for a 30-day stay of proceedings — which will end on Mar. 7 — to search for the lost money.
If the keys are not found, the lawyers representing QuadrigaCX are considering selling the company in order to satisfy the debts.
There is a lot of speculation and rumours surrounding this exchange. Stay tuned for the updates regarding the matter!
📌 Mt.Gox
On the 5th of February, leaked data revealed that Kobayashi, the trustee for the rehabilitation proceedings of Mt.Gox exchange, liquidated large amounts of BTC and BCH on the trading platform BitPoint in the Spring 2018. Initial reports estimated the sell-off at just under 35 billion yen ($318.5 million).
Еxperts are sure that the so-called “dumpening” of the crypto holdings by Kobayashi may have impacted bitcoin prices across last year. However, at this early stage, it is crucial to keep in mind that these preliminary reports have not yet conclusively determined how the coins were sold.
In related news, Bitcoin business incubator CoinLab filed a 1.7 trillion JPY ($16 billion) claim against Mt. Gox, based on a photo of the filing document posted on Reddit on Feb. 1. The photos purports to show the bank transactions on Tuesday, documenting the payments in Japanese yen from BitPoint to the account of the Mt. Gox trustee, Nobuaki Kobayashi.
Have we missed any important details? Don’t hesitate to share your opinion!
On the 6th of February the Malta-based exchange, Binance, opened trading for BNB/USDS and BTC/USDS trading pairs. The move comes following last Thursday’s news that the exchange would start accepting Visa and MasterCard for crypto payments. In other news concerning Binance, speculation has mounted over an announcement of a possible future partnership with Ripple to use its cross-border payment platform, xRapid.
📌 QuadrigaCX
QuadrigaCX exchange created a lot of buzz this past week.
The Canadian crypto exchange went offline last week, leaving $190 million to its customers’ funds in limbo after the death of CEO Gerald Cotten. Based on multiple testimonies, Cotten was the only person with access to the exchange’s cold wallets, where most of the funds were stored. According to the latest news QuadrigaCX has asked for a 30-day stay of proceedings — which will end on Mar. 7 — to search for the lost money.
If the keys are not found, the lawyers representing QuadrigaCX are considering selling the company in order to satisfy the debts.
There is a lot of speculation and rumours surrounding this exchange. Stay tuned for the updates regarding the matter!
📌 Mt.Gox
On the 5th of February, leaked data revealed that Kobayashi, the trustee for the rehabilitation proceedings of Mt.Gox exchange, liquidated large amounts of BTC and BCH on the trading platform BitPoint in the Spring 2018. Initial reports estimated the sell-off at just under 35 billion yen ($318.5 million).
Еxperts are sure that the so-called “dumpening” of the crypto holdings by Kobayashi may have impacted bitcoin prices across last year. However, at this early stage, it is crucial to keep in mind that these preliminary reports have not yet conclusively determined how the coins were sold.
In related news, Bitcoin business incubator CoinLab filed a 1.7 trillion JPY ($16 billion) claim against Mt. Gox, based on a photo of the filing document posted on Reddit on Feb. 1. The photos purports to show the bank transactions on Tuesday, documenting the payments in Japanese yen from BitPoint to the account of the Mt. Gox trustee, Nobuaki Kobayashi.
Have we missed any important details? Don’t hesitate to share your opinion!
The BitMax launched in July 2018 and has been appearing in the TOP-10 exchanges by CoinMarketCap for several weeks. 93-98% of the total exchange volume is delivered by USDC/USDT. Check out a detailed report, including security and marketing review NOW
