Crypto Exchange CGEX Will Shut Down in September

CGEX, the Malta-based crypto exchange opened by South Korean Coinone, will shutter its services next month. The exchange posted a termination notice late last week, saying that it would terminate all of its services on September 18, 2019. Coinone established CGEX in October 2018, as a crypto-to-crypto exchange that connects and shares the order book…

Binance Announces New Stablecoin Venus

This article was originally published by 8btc and written by Lylian Teng. One of the world’s largest cryptocurrency exchanges, Binance, has announced a plan to launch an open blockchain project called “Venus,” an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published on August…

Bakkt Sets September Launch Date for Bitcoin Futures

Bakkt has announced that it will be launching its bitcoin futures trading platform in September 2019. In a blog post published on August 16, 2019, the cryptocurrency trading company announced that its long-anticipated futures product will be going live on September 23, 2019, following approval to create a qualified custodian trust company from the New…

Coinbase Acquires Xapo’s Custody Arm for $55 Million

Cryptocurrency exchange Coinbase has completed the acquisition of Xapo’s custody business in a deal reportedly worth $55 million. Coinbase announced this acquisition on August 15, 2019, noting that the acquisition will help prop up Coinbase Custody, which has over $7 billion worth of assets stored for more than 120 clients. Xapo is a Hong Kong-based…

Bitcoin Price Spikes in Argentina, Hong Kong

Data gathered by Bloomberg reveals that, despite a recent global drop-off in cryptocurrency price, bitcoin is attracting investment from Argentina and Hong Kong. The report, published on August 13, 2019, examined the value of bitcoin trades on various cryptocurrency exchanges, including LocalBitcoins.com, claiming that bitcoin has been trading at a 4 percent premium in Hong…