Boerse Stuttgart to Launch Crypto Trading App

Bison app was planned to be launched in 2018, as reported by the developer Sowa Labs
01 February 2019   518

Germany's second largest stock exchange, the Börse Stuttgart Group, has officially confirmed the launch of the previously announced Bison cryptocurrency trading application.

The application was developed by Sowa Labs, a division of the Stock Exchange, and initially, its launch was planned in 2018.

In the comments of Finance Magnates CEO Sowa Labs, Ulli Spankowski also added that bidding through the new application will be available seven days a week from 06:00 to 24:00 local time, and developers plan to earn money on price spread. In the future, it is also planned to connect users from other countries.

It is reported that Blocknox, another division of the Stuttgart Stock Exchange, will be responsible for storing the assets. Deposit processing will be mediated by Fintech-company solarisBank.

At the same time, the German business publication Handelsblatt notes that Bison is only an interface, and the transactions themselves will pass through the Bitstamp exchange. Also, developers are planning to connect to the Kraken exchange.

Plans of the Stuttgart Stock Exchange also present the launch of its own crypto trading platform. According to the latest statement, this should happen in the second half of 2019

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.