A crypto exchange that’s based and regulated in the United States claims that its goal is to bridge the gap between foreign exchanges, futures, stocks and banking — and ensure that digital assets are available to institutional and retail traders around the world. CoinZoom says it provides an on-ramp that enables users to easily convert their fiat into the cryptocurrency of their choosing, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP and Ether (ETH). A diverse range of local currencies is supported. According to the platform, it also offers competitive maker and taker fees of 0.20% and 0.26%, respectively, with discounts …
Crypto terrorists threatened to bomb a government office on the Japanese island of Hokkaido. They told authorities that they would only disable the alleged explosive device if their crypto ransom was paid. According to FNN, the terrorists sent the Numata Town Hall an email stating they had installed a bomb in a women’s second-floor toilet. They claimed that as long as officials met their payment demands before 03:00 UTC on June 29, the bomb would not be detonated. However, this appears to have been a fake threat. The deadline set by the criminals has passed and the hall remains intact …
Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. The news was reported by Forbes on June 27. Launched in 2016, Dublin-registered Bitsane LP was formerly listed as one of Ripple’s approved exchanges — a January 2018 CNBC article had also pitched the exchange as an option for investors seeking to trade XRP ahead of its listing on major platforms such as Coinbase. According to Forbes, user withdrawals on Bitsane began faltering in May of this year, with allegedly technical reasons cited as the reason for their temporary disabling. By June 17, …
The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued an alert warning investors against fraudulent websites purporting to operate advisory and trading businesses. The alert, issued by the SEC’s Office of Investor Education and Advocacy and the CFTC’s Office of Customer Education and Outreach, was published on April 24. The warning states that staff from both agencies have recently observed crypto-related investment scams where bad actors are touting “digital asset or ‘cryptocurrency’ advisory and trading businesses,” in some cases claiming they can invest clients’ funds in special crypto trading systems or …
Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of acting in a fraudulent manner in regards to their delisting from the exchange following a planned coinburn. The accusations are portrayed in a letter written on Feb. 26 to the exchange by the Petros Law Group on behalf of the BTCP community, developers and contributors, and published by the Bitcoin Private Twitter profile on March 9. According to its authors, the letter — which was published the day BTCP was delisted from HitBTC — alleges that HitBTC attempted to extort BTCP following unresolved complications arising from the coinburn. According to …