bitFlyer, a Tokyo-based crypto exchange, reported a 750 million yen loss for the financial year 2019.The deficit surfaced due to weaker-than-expected sales and return-on-investment, according to the firm’s business report.Bitcoin’s massive drop in the second half of 2019, as well as strict local regulations, further maximized bitFlyer’s losses.Japanese crypto exchange bitFlyer lost about 750 million…
This year has had more than its fair share of scandals involving crypto exchanges and their shady owners. It seems that they are not finished yet as reports are emerging of another exchange boss doing a runner with the keys to the crypto wallets on a relatively unknown Asian exchange. Crypto Exchange IDAX CEO ‘Missing’…
ErisX, a crypto exchange has completed a Series B funding round with support from leading firms including Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group. ErisX Will Operate as Crypto Futures Exchange, Clearing Organization, and Spot Market The crypto trading platform, with a pending license as a clearing organization with the U.S. Commodity Futures Trading Commission…
The former CTO of Singapore based Huobi is about to launch his own crypto trading platform before the end of the year. BHEX to Offer Crypto, Fiat and OTC Trading According to Businesswire BHEX raised $15 million in its equity from top-tier institutions including Huobi and OKEx. It is scheduled to launch at the end…
Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%. $20 Million Raised in First Round According to the official announcement the series A round of financing was led…
A new cryptocurrency is coming to Dubai and it will be the first officially registered one in the country. Dubai to Get a New Crypto Exchange According to local media Al Zarooni Group and Crypto Bulls have joined together to launch the Crypto Bulls Exchange which is slated to be one of the biggest game…
Singapore-based crypto exchange, Huobi, will be launching a subsidiary called Huobi Mena in Dubai. The new center will become a regional headquarters as Huobi goes on to its expansion drive in the Middle East, Africa, and South Asia according to a recent blog post. The blockchain ecosystem, according to Huobi Mena co-founder Mohit Davar, will…