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” The post Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees appeared first on CCN

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Crypto Giant Gemini Hires Former Wall Street COO to Head Operations

Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder The post Crypto Giant Gemini Hires Former Wall Street COO to Head Operations appeared first on CCN

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$230 Million: Mt. Gox Trustee Confirms Past Bitcoin Sell-Off

Bitcoin investors who have dutifully monitored cryptocurrency wallets associated with defunct bitcoin exchange Mt. Gox for early warnings of a possible sell-off have been proven justified in their paranoia. Mt. Gox Trustee Confirms $230 Million Bitcoin Sale According to a document published on the Mt. Gox website, Nobuaki Kobayashi, the exchange operator’s trustee, sold approximately The post $230 Million: Mt. Gox Trustee Confirms Past Bitcoin Sell-Off appeared first on CCN

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, The post Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive appeared first on CCN

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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 The post Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors appeared first on CCN

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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 … Continued The post Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report appeared first on CCN

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Coinbase App Loses Popularity During Bitcoin Bear Cycle

The largest cryptocurrency brokerage and wallet has been freefalling in popularity ever since Bitcoin became old news. Not too long ago, everyone’s favorite question was, “Do you have a Coinbase account?” It was as popular as being on Facebook, back then. That one single detail separated those of us who knew what was going on The post Coinbase App Loses Popularity During Bitcoin Bear Cycle appeared first on CCN

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Coinbase Custody Partner Paid $80,000 Fine for ‘Putting Customer Assets at Risk’

Cryptocurrency exchange and brokerage giant Coinbase announced this week, to much fanfare, that it had onboarded 10 customers for its new institutional-grade custody service. However, it seems that the firm’s partner in the venture, Electronic Transaction Clearing (ETC), has a less-than-stellar reputation when it comes to safeguarding customer funds. Though Coinbase is in the process The post Coinbase Custody Partner Paid $80,000 Fine for ‘Putting Customer Assets at Risk’ appeared first on CCN

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