Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” …

Huobi Lists Four ‘Regulated’ Stablecoins Vying for Tether’s Crown

Huobi Global is set to list four new stablecoins, namely Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC) later this week. In an announcement on its website, the cryptocurrency exchange revealed that the four new assets will go live on Oct. 19. Huobi’s New Listings PAX, a newly launched digital asset is …

London Cryptocurrency Exchange Coinfloor Confirms Layoffs

Coinfloor, the oldest bitcoin exchange in the U.K., will lay of most of its 40 employees, according to two sources interviewed by the Financial News. The layoffs at the London-based exchange are in response to “significant” change in market volume, according to Obi Nwosu, Coinfloor’s chief executive, and are seen as a setback for the …

Bitcoin Price Close to Bottom, Will See $10,000 this Year: Analyst

The cryptocurrency market capitalization has dropped by $575 billion since its all-time high, and the bitcoin price has dropped by two-thirds since it peaked near $20,000. But a hedge fund manager believes the trend is about to reverse. Spencer Bogart, partner at cryptocurrency and blockchain venture firm blockchain Capital, predicted a bullish retracement for bitcoin …

Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014. Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s …

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7% between 2018 and …

South Korean Crypto Exchange Bithumb Re-opens Deposits & Withdrawals

South Korean cryptocurrency exchange Bithumb will resume deposit and withdrawal services on Saturday at 11 am KST. The exchange had suspended all deposits and withdrawal services on its platform following the June hack on a hot wallet, which led to the loss of tokens valued at over $30 million. Hacked Crypto Exchange Bithumb Unfreezes Withdrawals …

CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO

CME Group, the second regulated U.S. derivatives market to list bitcoin futures and by far the largest trading venue for these products, will not be listing any new cryptocurrency futures anytime soon, the firm’s chief executive said on Thursday. Speaking with Bloomberg Television, CME Group CEO Terry Duffy said that the reputation of his firm …

South Korea is Officially Recognizing Crypto Exchanges as Regulated Banks

For the first time in history, the government of South Korea has officially recognized crypto exchanges regulated financial institutions and banks. Local publications in South Korea have reported that the financial authorities of South Korea have finalized their plans to categorize crypto exchanges as an industry called “Cryptocurrency Exchange and Brokerage” to enable trading platforms …