4 Agencies Are Investigating Crypto Exchange QuadrigaCX

At least four different law enforcement and regulatory agencies are investigating defunct Canadian crypto exchange QuadrigaCX, a new report by bankruptcy trustee Ernst & Young (EY) said. George Kinsman, the court-appointed bankruptcy trustee and EY employee overseeing the exchange’s shutdown and the return of funds to its users, wrote a new report Monday sharing some information about EY’s ongoing attempts to recover crypto and fiat for its creditors. The document outlines the different investigations surrounding the exchange, as well as EY’s motion to transfer QuadrigaCX’s ongoing bankruptcy proceedings from Nova Scotia…

Swiss Regulator Grants First-Ever Banking Licenses to 2 Blockchain Firms

By CCN Markets: Blockchain projects around the world have been seeking approval, or for that matter, concrete guidance, from regulators such as FINMA for the last several years. FINMA, the Swiss financial regulatory watchdog, has approved two requests for banking licenses. The two licenses were issued to blockchain businesses. These regulatory strides are not likely to directly impact other jurisdictions but more so will impact how regulation is formed everywhere else. Only time will tell how these regulations impact innovation. What a great day for Switzerland as a #Blockchain and…

English Champions Manchester City Unveils Official ‘Blockchain Gaming Partner’ – CCN Markets

By CCN Markets: UK football club Manchester City announced a blockchain gaming partnership with South Korean sports service developer, Superbloke. The alliance is another example of the ongoing mainstreaming of blockchain, the technology underpinning bitcoin. Online gaming is mainstreaming blockchain Superbloke will incorporate Man City players into its “FC Superstars” online soccer game. The game allows users can build a digital team by trading and training Manchester City digital player cards using real-life football match stats. Manchester City signed a blockchain gaming partnership with South Korean sports service developer, Superbloke.…

Amazon Cloud Outage Causing Major Issues at Some Crypto Exchanges

Problems with Amazon’s cloud service, AWS, are disrupting services at some cryptocurrency exchanges on Friday. The Binance exchange is seeing problems internationally, according to its CEO Changpeng “CZ” Zhao, who tweeted: It’s causing some 500 error messages on APIs and affecting some withdrawal processing — CZ Binance (@cz_binance) August 23, 2019 The KuCoin cypto exchange is also saying there are problems with its AWS Tokyo-hosted services. The firm states on its website: “Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part…

Andrew Yang’s Blockchain Voting Scheme Is Unbelievably Dumb

Andrew Yang wants to mandate blockchain-secured smartphone voting. That’s an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFP By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you’ll do it on a smartphone. And that the vote will be recorded on a blockchain. According to the 2020 presidential hopeful’s website, Yang believes that his “Modernize Voting” policy will increase voter participation and reduce “tampering” and “hacking.”…

Crypto Futures Exchange Deribit Launching Bulk Derivatives Trading

Deribit claims it’s becoming the first crypto futures and options exchange to provide large-volume trades of bitcoin and ether derivatives. The move comes via a partnership with institutional messaging service Paradigm, according to a BNN Bloomberg report on Thursday. Deribit’s CEO, John Jansen, reportedly said the new service will offer block trades with a minimum of 40 bitcoin and 800 ether for options contracts linked to those cryptocurrencies. Ten top crypto trading firms have already signed up to use the service, with Paradigm founder Anand Gomes naming QCP Capital in the report. According to…

Cryptopia Exchange Kept Users’ Cryptos in Pooled Wallet: Liquidator

The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from a major hack in mid-January. In its latest update on Wednesday, Grant Thornton provided some good news, saying that it had managed to retrieve Cryptopia data that was stored in a third-party data center in Arizona. The liquidator…

Rakuten’s Crypto Exchange Has Launched for Trading in 3 Cryptos

  Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was provided. The firm said customer funds held by the subsidiary will be managed separately from its own, under the eye of its trust company, Rakuten Trust, and through savings accounts at Rakuten Bank. Rakuten further…

Alive, Thriving and Totally Unauthorized: Inside the Underground Market for Telegram’s Cryptocurrency

The Takeaway: Telegram’s long-awaited blockchain, Telegram Open Network, is said to be scheduled to launch Oct. 31, but the yet-to-be-issued gram tokens are already trading in an unauthorized secondary market. Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are selling their gram allocations via OTC desks, exchanges and special-purpose vehicles. Purchasing tokens this way might be risky, investors warn, as Telegram specifically prohibited investors from re-selling their allocations under penalty of terminating the purchase…