In August 2016, Bitfinex fell victim to a large-scale hack that resulted in $65 million being stolen from customers. Amazingly, not even a year later, they’ve seemed to have made big progress towards recovery. However, several obstacles still stand in the way, with the exchange still working to regain trust. Also read: WannaCry Hackers Accessing PCs Through Email — You Could … [Read more...] about Against All Odds: Is Bitfinex Thriving or Dying in the Months After the Big Hack?
There are concerning signs that major exchange Bitfinex is facing further difficulties. Days after warning users about delays on fiat withdrawals, the company announced yesterday it is suspending deposits. Also read: Debt and Credit Soar in China, Mainly Outside the Banking System On the surface, the issue appears to be a bank processing problem. A statement on the … [Read more...] about Concern as Bitfinex Suffers Bank Withdrawal and Deposit Blocks
On 2nd April 2017, Ethbits announced the upcoming launch of their ICO crowd sale for a digital currency exchange that leverages blockchain tech. The startup will at first only facilitate over-the-counter transactions, but plans to expand operations into a full-fledged, blockchain-based digital currency exchange. The ICO will help fund its development. Also read: Zcash … [Read more...] about Ethbits Launches ICO for Blockchain-Based Crypto Exchange
On March 1, popular cryptocurrency and digital assets exchange, Kraken, announced a major deal detailing the acquisition of Cryptowatch -- a charting and trading platform. The deal marks a significant step for Kraken, due to Cryptowatch’s growth in recent years. Also read: Popular Bitcoin Mining 'Club' Goes Green With New Solar Power Initiative Kraken: Acquisition First … [Read more...] about Kraken Exchange Lands Deal to Acquire Charting and Trading platform Cryptowatch