Markets

Coinbase Shutters High-Speed Crypto Trading Division, Axing 30 Jobs

| Ian Allison

Coinbase is shutting down the Chicago trading technology office it opened a year ago, eliminating 30 jobs.

Crypto Exchanges Huobi and Fisco Investigated by Japan Watchdog: Report

| Yogita Khatri

Crypto exchanges Huobi Japan and Fisco were investigated by the country’s Financial Services Agency last week, according to Reuters sources.

Bitcoin Price Sees First ‘Golden Crossover’ Since 2015

| Omkar Godbole

With bitcoin’s move to five-month highs Tuesday, a notable bull cross of key moving averages has formed for the first time in nearly four years.

Binance Launches Decentralized Exchange Ahead of Schedule

| Yogita Khatri

Top cryptocurrency exchange Binance has launched its decentralized exchange platform, with trading to go live soon.

Bitcoin’s Price Climbs Above $5,500 to Reach 5-Month High

| Sebastian Sinclair

Bitcoin’s price extended its recent gains today, spiking above $5,500 for the first time in over five months.

Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner

| Daniel Palmer

Japanese crypto exchange Zaif, which was hacked for $60 million last year, is reinstating all services after being acquired by investment firm Fisco.

Tennis Star Serena Williams Reveals Investment in Coinbase

| Daniel Palmer

Serena Williams, one of the most successful tennis players ever, has revealed she invested in Coinbase via a previously secret VC firm.

South Korean Crypto Exchange Coinnest Announces Closure

| Daniel Palmer

Cryptocurrency exchange Coinnest, once South Korea's third largest, is shutting up shop, citing a drop-off in trade.

NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

| Shirin Emami

Bittrex is not telling the full story about its BitLicense denial, a New York Department of Financial Services official writes.

Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report

| Daniel Palmer

The owner of the New York Stock Exchange, ICE, is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt.