Gemini to Allow Crypto Trading in Colombia Under Government-Sponsored Pilot Program

U.S.-based cryptocurrency exchange Gemini plans to allow users in Colombia to trade crypto through a partnership with its largest private bank, Bancolombia. Starting on Dec. 14, Gemini will allow a select group of Bancolombia’s users to trade bitcoin, ether, litecoin and bitcoin cash through an on-and-off-ramp, Cynthia del Pozo García, Gemini’s principal of strategy and […]

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How Does Zero-Fee Crypto Trading Actually Work?

Zero-fee crypto trading often refers to “zero-commission” trading, where the exchange entity doesn’t directly charge you, the user, for the transaction.  This new value proposition is changing the cryptocurrency exchange business model, as new exchange upstarts aim to unthrone their commission-charging competitors from their thrones.  Legacy platforms like Coinbase, Binance, and Gemini may have captured […]

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Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool – CoinDesk

Cryptocurrency exchange Bithumb is clamping down on suspicious transactions less than a week after South Korea, its home country, moved to enact tough new laws for the virtual asset space. Bithumb announced Tuesday it had deployed Chainalysis’ “Reactor” investigations tool to get ahead of illicit activity. Reactor, used in many cryptocurrency law enforcement actions, will […]

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Ex-Employee Steals User Data From Derivatives Exchange Digitex – CoinDesk

Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex’s communications, said Friday. Comben told CoinDesk the exchange was “aware of […]

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Draper-Backed Exchange in Lockdown Following ‘Sophisticated’ Attack – CoinDesk

Coinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a “sophisticated attack.” The Singapore-based exchange told users Friday that account send functions for cryptocurrencies had been temporarily disabled. Although a spokesperson initially said this was for “network maintenance”, the exchange admitted Saturday it had been victim to an […]

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SEC Rejects Latest Bitcoin ETF Bid – CoinDesk

The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix’s bid for a bitcoin-based exchange-traded fund (ETF). In a filing posted Wednesday, the securities regulator wrote the New York-based Wilshire Phoenix had not proven the bitcoin (BTC) market is sufficiently resistant to market manipulation. Wilshire, a newcomer to the financial services industry, first applied for […]

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