Australian Securities Exchange Delays Switch to Blockchain Due to COVID-19

The Australian Securities Exchange (ASX) has once again delayed its transition to the blockchain, due in part to uncertainty around the impact of the global COVID-19 pandemic. In an announcement published on March 25, ASX said it was replanning its blockchain implementation timetable in light of the unfolding crisis, as well as because of issues that were under consideration prior to the outbreak. In June, the exchange will therefore seek user input to establish a new go-live date — which until now had been set for April 2021. Pandemic-driven volatility…

Crypto Exchange Bitfinex Unveils Anti-Manipulation Tool ‘Shimmer’

Cryptocurrency exchange Bitfinex deployed its proprietary market surveillance tool to combat market abuse on the platform called “Shimmer.” According to an announcement shared with Cointelegraph on March 24, Shimmer is meant to identify and investigate possible manipulative behaviours and suspicious trading on Bitfinex. The exchange expects that the integration of the tool with its matching engine will improve market integrity and visibility. Bitfinex’s team will be warned about suspicious trading Now, Bitfinex’s team will be alerted via email when potential improper trading activity is detected on any of the exchange’s…

Indian Crypto Exchange CoinDCX Raises $3 Million in Series A Round

A recent funding round has just added quite a bit to an Indian crypto exchange’s coffers. Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was led by Bain Capital Ventures, Polychain, and HDR Group.  CEO and Co-founder of CoinDCX, Sumit Gupta, said that the funding would provide the means for the exchange to further the mass adoption of crypto in India:  “As the country’s largest exchange, we are in a position to drive national crypto adoption forward responsibly. This…

P2P Exchange Paxful Teams Up With Chainalysis for Increased Overwatch

Peer-to-peer exchange Paxful will add security to its operation through a partnership with blockchain analysis outfit Chainalysis. Through a new partnership, Paxful will harness specific technologies from Chainalysis. “Paxful uses the Chainalysis Reactor to conduct deep investigations and the Chainalysis KYT to monitor transactions for any illicit behavior,” Youssef said, referring to the firm’s Know Your Transaction solution — a similar acronym to Know Your Customer, or KYC, regulations. Youssef added: “Through working with Paxful, Chainalysis is evolving its policy and will evaluate P2P exchanges on a case-by-case basis before…

Hive Trades for 20% Premium Over Steem on Bittrex Crypto Exchange

After successfully forking from the Steem blockchain, Hive (HIVE) secured a listing on Bittrex — where it is trading for a 20% premium over Steem (STEEM). In a blow to Justin Sun, the cryptocurrency market appears to have chosen which chain it believes to be more valuable after Hive forked off from Steem on March 20. HIVE trades for 20% premium over Steem On Bittrex, HIVE is currently trading for $0.193, while STEEM is changing hands for roughly $0.154 on the same platform. HIVE’s 24-volume on Bittrex of $28,500 equates…

Woman Arrested for Stealing $480,000 From Crypto Exchange She Co-Founded

A woman was arrested in Bengaluru, India on March 17 for allegedly stealing 63.5 Bitcoins (BTC) from Bitcipher Labs — a cryptocurrency exchange that she had previously co-founded.  The thefts took place on January 11 and March 11 respectively, resulting in $480,000 worth of BTC being stolen from Bitcipher.  Bitcipher co-founder steals $480,000 in BTC Ayushi Jain, the 26-year-old former-employee, was found to have stolen 63.5 BTC from hardware wallets owned by the exchange. Indian police acted in response to a complaint filed by Bitcipher Labs’ CEO, Ashish Singhal, who…

IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services

Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside company restructuring According to a March 17 announcement, KuGroup encompasses three business divisions in the company, including KuCoin Global, KuCloud and KuChain & KCS Business Group. As part of the strategy and company structure upgrade, KuGroup…

Binance and Indian Exchange WazirX Announce $50M Blockchain for India Fund

Major crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019 — have announced a fund aimed at sustaining blockchain development in India. The “Blockchain for India” initiative was announced on March 16 and it is meant to promote the use and adoption of blockchain technologies in the country. With WazirX, the firm has set up a $50 million fund backed by Binance Coin (BNB), Binance USD (BUSD) and WazirX (WRX) to invest in local blockchain projects. WazirX CEO and founder Nischal Shetty said: “With this…

Inside BeQuant: 3 Days With a Crypto Exchange CEO

Have you ever wondered what it’s like to run a cryptocurrency exchange? Now’s your chance to find out! Take an inside look at the life of BeQuant CEO George Zarya in Cointelegraph’s latest documentary: 3 Days With a Crypto CEO. From pub beers in London to impromptu flights to Malta, from office puppies to World War II cryptography machines, the life of a crypto CEO is never dull. George Zarya is the CEO of cryptocurrency exchange BeQuant. Founded in May 2018, BeQuant Exchange averages over a billion dollars in monthly…

Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund

Bitfinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund.  The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars. According to the Bitfinex, the fund — which is only accessible to professional investors — aims to increase its assets under management this year. Fulgur Alpha’s assets are held at licensed crypto-asset custodian Delchain Limited and the fund’s regulatory compliance is ensured by Bahamas-based administrator Deltec Fund Services…