Aeternity and NEM to be listed on Bithumb

NEM and Aeternity are currently among the most reliable and solid representatives of the crypto market: today these altcoins are to be listed on Bithumb
07 June 2018   1871

Bithumb is the largest cryptocurrency exchange in Korea. It’s constantly ranked among the top 10 worldwide crypto exchanges in terms of trading volume. The exchange suggests the lowest commission rates in the world. Bithumb, at last count, was also responsible for about 50% of South Korea’s Ether trading. 

When major exchanges list smaller altcoins they commonly pump and dump that is what we can observe at the moment. Nem and  Aeternity are listed on Bithumb today which is causing it to pump by around 15% at the moment. Presently the best performing solid gainers one in the top 25 at the moment is Nem, with Aeternity at 27 also growing. 

Nem is mainly traded in Asia at the moment with Upbit in KRW leading the way at 25% of the total and Zaif in JPY taking 15%. The volume spike came about some hours ago when it jumped from $16 million to $33 million. Total market cap for XEM is currently $2.3 billion positioning it at 15th in the charts almost level with Tether.

NEM charts
NEM charts

Market capitalization for all cryptocurrencies is up marginally this morning by 1.2% to $348 billion, trade volume is unchanged at $15 billion. Over the past 7 days it has increased 7% from $325 billion this time last Thursday. There are a few other altcoins trading strongly this morning in Asia and they include Aeternity up 15%, Ontology up 8.5%, Zilliqa up 9.5% and Siacoin 8.6% higher on the day.

Aeternity charts
Aeternity charts

Aeternity Price at the moment of press: $3,74
Market cap: $871 174 997
Volume (24h): $38 581 200

Authorities to Study Bankrupt QuadrigaCX

Canada Revenue Agency sent a request for access to the tax info from Oct. 1 2015 to Sep. 30, 2018
18 September 2019   43

The Canadian Revenue Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports.

CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

At the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.