Huobi Becomes First Major Exchange to Run a Chainlink Node

Major cryptocurrency exchange Huobi will integrate their price data with Chainlink’s ecosystem in an effort to improve its own data integrity and provide more accurate price information. While Binance was the first major exchange to provide their data to Chainlink oracles in October 2019, Huobi has gone one step further by running its own node on the system through Huobi Wallet. This allows the exchange to sign its own price data allowing users to confirm that any exchange data coming from the Huobi Node is authentic and direct from the…

Australian Securities Exchange Switch to Blockchain Delayed to 2022

The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger infrastructure to replace its current system for processing equity transactions. ASX will now release the project — the replacement for the Clearing House Electronic Subregister System (CHESS) — in April 2022, a one-year push from its most recent timetable. The exchange cited a number of reasons for the change including the current pandemic,…

Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court

The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but a scam”. Fake statements abound The firm, also known previously as XtraderFX and Cryptopoint, advertised its services online and through social media channels. The Insolvency Service claims that the ads falsely alleged the service was endorsed by entrepreneurs who appeared in an unnamed UK primetime TV show and a high-profile…

Ebang to Establish Crypto Exchange and Mining Farms After Going Public

Major Chinese Bitcoin (BTC) mining equipment maker Ebang, which is reportedly getting listed on Nasdaq Global Market later today, is planning to expand its business by setting up a cryptocurrency exchange and mining farms. As told to Cointelegraph by an Ebang representative in a recent interview, the company intends to carve out a unique role in the industry by building “a global blockchain and a digital economy industrial ecosystem.” That would include setting up a cryptocurrency exchange and mining facilities, the spokesperson elaborated: “We will soon establish our own mining…

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.  According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones.  The planned exchange will trade in tokenized real…

Is Mobile Decentralized Exchange Trading Riskier? Komodo’s CTO Says Not Necessarily

Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo.  “I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed through another medium,” Stadelmann told Cointelegraph. “The risk would vary depending on the user’s device, OS [operating system], version, etc.,” he added.    DEX built on Komodo Constructed on Komodo’s network, AtomicDEX is a decentralized exchange working with multiple blockchains, in contrast to other DEXs…

Someone Has Been on a $200M Crypto Exchange Hacking Spree

A cybercriminal group has allegedly stolen around $200 million from cryptocurrency exchanges over the past two years. In total, they are believed to have hit 10 – 20 victims across the United States, the Middle East, and Asia. According to research by the cybersecurity firm ClearSky, the gang named “CryptoCore,” known with other pseudonyms like “Dangerous Password” and “Leery Turtle,” has been actively targeting crypto firms since 2018 — specifically exchanges. Source: ClearSky They confirmed that CryptoCore stole $200 million from at least five victims, several of whom were located…

Japan’s Top Idol Just Became the New Face of BitFlyer Crypto Exchange

Japan’s most famous idol just became the face of bitFlyer, one of the largest cryptocurrency exchanges in the country. Asuka Saito is one of the most popular members of Nogizaka 46, a leading idol group in Japan consisting of 46 girls. Debuted in 2011, it started as a sister group of AKB 48, the then-most popular idol unit. They have attracted many fans since then, and in 2017 and 2018 they won the Japan Record Award, the most prestigious award for musicians in the country. Idols are a type of…

Bithumb Exchange to Reportedly File for IPO in South Korea

Major South Korean cryptocurrency exchange Bithumb is planning to hold an initial public offering (IPO), according to reports from local media.  As reported by MoneyToday on June 24, Bithumb Korea, the trading platform’s operator, has begun preparing for a stock market launch, tapping Samsung Securities as its underwriter.  Bithumb is reportedly facing a number of potential obstacles that could prevent it from successfully filing an IPO in South Korea, namely recent crypto taxation issues. Earlier this month, the South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax…

Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged

Cryptocurrency market data aggregator Glassnode has reported that the number of Bitcoins (BTC) held on centralized exchanges has fallen to a 12-month low. The decline in exchange reserves comes amid numerous recent records for open interest in Bitcoin futures contracts, suggesting that many traders may be over-leveraged. Less than 15% of Bitcoin is held on exchanges On June 24, Glassnode reported a new yearly low in the number of BTC held on exchanges, with more than 2.624 million BTC. As such, the number of Bitcoins custodied on centralized exchanges has…