Crypto Markets News 

Gate.io CMO on Future Plans & Strategy in Asian Markets

“While the exchange is no longer headquartered in China, it still serves Chinese users and has offices in the country, as well as Canada and South Korea” writes Rachel Mcintosh for financemagnates.com. Asia has a lot of young people, and I think they’re also very technically savvy–more so than in other emerging markets.Additionally, Gate.io held a $64 million sale for GT, its native cryptocurrency, in April of this year.Tatibouet explained that the coin was designed to address two specific issues within the cryptocurrency industry: hacking and user error. Source: financemagnates.com

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Crypto News 

Cryptocurrency Dash to Begin Trading on Coinbase Pro

“Cryptocurrency exchange Coinbase announced its listing of cryptocurrency dash following an exploration period with the exchange that ended last week” reports coindesk.com. A proof-of-work cryptocurrency, dash focuses on payments and security.With a reported marketcap of over $800 million, according to Messari, Dash is the 16th largest cryptocurrency by that metric. With over 30 million users, Coinbase Pro is one of the largest crypto exchanges by volume. Source: coindesk.com

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News 

OKEx South Korea to Delist Five Privacy Coins

“Because of this, OKEx South Korea will delist the coins as of the 10th of October” writes Celeste Skinner for financemagnates.com. The upcoming delisting from OKEx Korea follows on from the exchange already delisting some 16 tokens this year.According to the statement from the crypto exchange, the privacy coins “violate regulatory laws”.The South Korean branch of OKEx, a cryptocurrency exchange, has announced that it is delisting all five privacy coins – monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN) and super bitcoin (SBTC). Source: financemagnates.com

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Crypto News 

Bull Bitcoin Joins Blockstream’s Liquid Exchange Network

“Now Canadian bitcoin exchange Bull Bitcoin is joining the platform” reports coindesk.com. We want to make sure bitcoin succeeds, and this is our way to participate in strengthening the network,” Pouliot told CoinDesk.The new partnership will allow the users of Bull Bitcoin to interact with other exchanges on the network.Liquid, a second layer tech for bitcoin created by Blockstream, just onboarded another crypto partner. Source: coindesk.com

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Crypto News 

The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why

“This information, which was supplied to the IRS by cryptocurrency exchanges like Coinbase, is causing the agency to blindly and oftentimes inaccurately come after cryptocurrency traders” writes Spy Gadget Rentals for cointelegraph.com. As long as you have been properly filing your cryptocurrency gains and losses on your taxes, you should be fine.However, reported on 1099-K, nothing is said of your net loss; the form only tells the government that you have $19,500 of gross cryptocurrency transactions.In other words, cryptocurrency exchanges do not have the ability to provide you with the…

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News 

The Hong Kong Exchange’s bid for the LSE highlights its desire to finally build the data business it’s lacked to compete with its rivals

“Read more: The Hong Kong Exchange’s bid for the LSE would thwart the London Firm’s $27 billion Refinitiv deal” writes Dan Defrancesco for businessinsider.com. Selling data is big business for exchanges, and the Hong Kong Exchange wants in on the party.Despite seeing a record 26% increase in profits in 2018, HKEX continues to miss out on a major part of most exchanges’ business models: selling data.In the first half of 2019, market data fees represented only 6.5% of the Hong Kong Exchange’s total revenue.The exchange is less than two months…

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Crypto News Platforms 

Survey Suggests Iran Is Big on Crypto Earnings

“A new survey conducted by analytics firm Gate Trade suggests that Telegram users in Iran are earning an average of $500 to $3,000 in cryptocurrency funds” writes Nick Marinoff for livebitcoinnews.com. There is one major problem, however, and that is many mainstream cryptocurrency exchanges across the globe exclude Iran from the list of countries they serve.The survey also suggests that about 70 percent of the country’s population is interested in cryptocurrency and learning more about the mining process.Iran has sought ways to alleviate some of the issues stemming from these…

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Crypto News 

New Study Reveals Countries With Most Registered Crypto Exchanges

“The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore” writes Ana Alexandre for cointelegraph.com. Countries such as Argentina, India, Mexico, Russia and Indonesia report the fewest registered exchanges.The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal.Per the report, almost 10% of all exchanges considered in the survey do not have countries of registration.As for Bitcoin transactions, in 2013, 96%…

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News Stocks 

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

“LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange , an offer contingent on the LSE ditching its acquisition of data company Refinitiv” writes Midwest Communications Inc for 95kqds.com. The proposed 31.6 billion pounds cash-and-share transaction would only go ahead if the LSE’s proposed takeover of Refinitiv does not proceed, HKEX said.The takeover bid by the Hong Kong company comes as Britain is set to leave the European Union, a step some politicians fear could weaken its large…

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Crypto News Platforms 

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges

“Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20” writes Liam Frost for cointelegraph.com. According to the official announcement, “with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges.” The release states: As Cointelegraph reported previously, the New York-based startup announced its launch out of “stealth mode” with $16 million in funding on June 11.The startup reportedly counts crypto merchant bank…

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