Australia Rolls Out New Crypto Exchange

Blockbid Beta launch is set to go live on April 16, 2018
16 April 2018   842

It has emerged that there is a new cryptocurrency exchange which is launching with headquarters in Australia. Previously, we have reported that Australian Transaction Reports and Analysis Centre has announced the new regulatory requirements for digital currency exchange providers which came into force from April 3, 2018.

A week ago, Blockbid exchange became one of the recipients of an AUSTRAC license, meaning they have been granted permission to legally operate as a cryptocurrency exchange, according to Australian law. Blockbid is a secure exchange with the goal of facilitating the highest volume of trades for the most cryptocurrencies with a single login.

Blockbid announced in its press-release that its Beta launch is set to go live on April 16, 2018. The platform will allow operation in fiat and cryptocurrency, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BCG), Litecoin (LTC), Ripple (XRP), USD, AUD, JPY and EUR.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.