Cryptocurrency exchanges

Hanwha Investments Purchases $52 Million Stake In Crypto Exchange Upbit – TCR

Hanwha Investments Purchases $52 Million Stake In Crypto Exchange Upbit - TCR

South Korean Investment Company Buys 6.15% Stake In Crypto Exchange Platform Upbit

  • South Korea-based investment and securities company Hanwha has purchased $52 million stakes in Upbit
  • The deal will be finalized by February 22, 2021
  • This investment is strategic as Upbit is expanding its services both locally as well as worldwide

Hanwha Investments and Securities company has bought $52 million worth of stake in cryptocurrency exchange platform Upbit, both of which are based in South Korea.

Hanwha, an investments and securities company, based in South Korea, is set to gain a major stake in the parent organization of prominent digital currency exchange platform Upbit. As per reports published in The Korea Herald, Hanwha Group’s business arm has decided to acquire a 6.15% stake in Upbit’s administrator Dunamu. This deal will involve investments worth $52.24 million.

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As indicated by the report, the deal of 2.06 million shares is set to be finalized on February 22. A delegate from Hanwha said that the arrangement is a drawn-out venture for the organization to stay in touch with the rapidly developing fintech industry and digitization. It was highlighted that the investment company is zeroing in on growing more digital administrations. They are envisioning the accomplishment of significant outcomes in fintech-related organizations. Since Dunamu has an inventive and highly-skilled financial service currently, Hanwha chose to help out the cryptocurrency innovation firm. 

As an operator of a significant crypto trade in South Korea, Dunamu has been presenting more advanced resource benefits as of late. In mid-January, Dunamu presented the Bitcoin (BTC) index titled “fear and greed”. This was aimed at providing guidance to digital currency financial backers so that they are capable of making better decisions. 

Hanwha is one of the largest firms in South Korea. It falls in the category of giants like Samsung, LG, SK Group, and Hyundai. The organization has been developing its contribution effectively in the digital currency and the blockchain business through its subsidiaries. In July 2020, Hanwha Investment was a participant in a $3 million subsidizing round for crypto startup CrossAngle. This funding was intended to facilitate the advancement of institutional crypto information services. 

In January, Hanwha Investment and Securities partook in a $31 million funding round for blockchain startup Lightnet, which functions on the Stellar network. Its purchase of Upbit’s shares come at a fruitful time, as the latter aims to expand services locally and throughout the world. 

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Andrew Smith

Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.


Author: Andrew Smith

Exchange temporarily halts Ether withdrawals as gas fees hit new highs

Exchange temporarily halts Ether withdrawals as gas fees hit new highs

Average gas fees hit a new all-time high of $17.5 per transaction on Feb. 3, triggering some exchanges to halt Ether and ERC-20 withdrawals.

Japanese cryptocurrency exchange Liquid has temporarily disabled Ether (ETH) withdrawals as the altcoin hits new all-time highs.

According to a Feb. 4 announcement, Liquid has halted withdrawals for ETH and some ERC-20 tokens due to a massive spike in transaction costs, or gas fees. “Service will be resumed once gas fees return to normal levels. All other crypto currencies are operating as per normal,” Liquid said.

On Feb. 4, ETH price posted another high of above $1,600, following propelled growth of nearly 20% over the past seven days. The growing price has been steadily driving transaction costs higher, hitting new historical highs.

According to data from YCharts, gas fees reached an average $17.5 per transaction on Feb. 3.

As previously reported, gas fees started to see significant growth in early January 2021 when Ethereum broke its previous record of above $1,400.

The latest spike in gas fees has had a massive impact on a number of decentralized finance projects, with some DeFi transaction fees surging above a$1,000. Fees on major decentralized exchanges like Uniswap and SushiSwap surged to abnormal levels of between $40 and $75. Looking for lower fees, DeFi users have reportedly turned into Ethereum alternatives like Flamingo.

Kain Warwick, founder of Ethereum-based synthetic asset issuance platform Synthetix, expressed confidence that surging ETH fees will even drive transaction volumes higher:

“Obviously we need to see what the user behaviour is when fees are not subsidised by I strongly suspect that the tx volume will only increase from here. Right now you can’t do much but sit and mash the mint button.”

At publishing time, Ether transaction volumes amount to $44 billion, up from $37 billion on Jan. 28. The second-largest cryptocurrency is trading at $1,639, up 6.3% over the past 24 hours at the time of writing.


Author: admin

Discord servers targeted in cryptocurrency exchange scam wave

Discord servers targeted in cryptocurrency exchange scam wave

These of us driving the Bitcoin (BTC) wave have watched curiosity within the cryptocurrency rise particularly as the worth of a single coin has now reached over $37,000. 

Bitcoin, Ethereum (ETH), and now Dogecoin (DOGE) — thanks to some tweets by Elon Musk — have all come onto the radar of would-be merchants, however as with each funding, rip-off artists are in search of means to money in. 

Cryptocurrency is actually not proof against scams or different threats. Cryptocurrency exchanges hit with cyberattacks can find yourself dropping dealer funds; exit scams nonetheless happen, and regulators are always battling fraud. 

We’re unlikely to see any finish of crypto-related scams anytime quickly, and in a brand new warning posted by Kaspersky, a brand new scheme is now targeting users of Discord. 

Discord is a messaging and voice chat service that caters to an estimated 300 million customers, having branched out from a gamer-heavy neighborhood to common use for golf equipment and for associates to remain in contact. 

In accordance with Kaspersky researcher Mikhail Sytnik, rip-off artists at the moment are coming into Discord servers and are sending non-public messages to customers that look like from new, up-and-coming cryptocurrency exchanges. 

As new tasks and ones that wish to “help merchants in tough instances,” these ‘exchanges’ attempt to entice customers with guarantees of free cryptocurrency. And, after all, the recipient is the fortunate one chosen without cost BTC or ETH. 

Naturally, such a rip-off does not try to draw customers with a paltry providing; as an alternative, 1000’s of {dollars}’ price of cryptocurrency is being awarded. Fortunate you.

What cryptocurrency will become the main one in a year?

Every message incorporates directions and a code for accepting the “reward,” Kasperksy notes, in addition to a hyperlink to register on the pretend alternate. 

“The hyperlink opens a web site that appears like a cryptocurrency alternate, with an adaptive structure, savvy design, and the alternate fee information, charts, order books, and buying and selling historical past that cryptocurrency merchants would anticipate to see on a buying and selling platform,” the researchers say. “Guests may also discover technical help and several other language choices. Somebody clearly went to a number of hassle to make the positioning look legit.”

As cryptocurrency wallets at the moment are a prime goal for menace actors, the web sites may also supply “two-factor authentication” and “phishing safety” choices to try to seem reputable. 

Victims going by means of the registration course of are then lured to supply a considerable private profile, together with contact particulars, photograph ID, a selfie, and a signature.

Whereas these checks at the moment are frequent on reputable cryptocurrency buying and selling posts, this info might be packaged up and bought to different cybercriminals, or might doubtlessly be utilized in id theft. 

Within the last step of this explicit scheme, as soon as the prize ‘code’ is submitted and accepted, the scammers require a small “top-up” in both BTC, ETH, or USD to course of the reward. Ought to a sufferer hand over their money, after all, it is gone for good. 

Pretend exchanges are just one assault vector utilized by rip-off artists within the cryptocurrency sector — Preliminary Coin Choices (ICOs), too, are always abused. 

In January, a resident of San Francisco was jailed for six months after defrauding traders of cryptocurrency price an estimated $20 million by pretending to be an ICO guide. He has been ordered to pay $4.4 million in restitution. 

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Crypto exchange Beaxy lists Wagerr (WGR) token

Crypto exchange Beaxy lists Wagerr (WGR) token

Beaxy Exchange lists Wagerr (WGR) token

Wagerr, a blockchain network custom-built for sports betting, today announced its native token WGR is now listed on Beaxy, a U.S. regulated crypto exchange.

Beaxy supports cash transfers in six fiat currencies: USD, EUR, GBP, JPY, CAD, AUD. The ability to buy crypto with cash makes the Wagerr ecosystem globally accessible. Anyone can easily buy WGR, and just as easily cash out their winnings.

Crypto assets on Beaxy are secured by Curv custody, and fiat currency holdings are backed by FDIC insurance up to $250,000.

Wagerr allows anyone to bet privately on sports from anywhere in the world. As a blockchain-based sportsbook, Wagerr offers bettors distinct features.

Global Access

Because Wagerr is a decentralized peer-to-peer network, it can be accessed from anywhere in the world at any time without restrictions. Multi-platform wallet apps are available for download and self-custody, while the sportsbook runs entirely in your browser.

Private Betting

No-Limit Betting

Bettors on the Wagerr platform can bet as much as they want. The Wagerr blockchain instantly accepts any size bet you make. You’ll never need to wait for counter-party matching.

No Third-Party Risks

The Wagerr Blockchain eliminates the need for trusted 3rd parties:

  • Bettors remain in complete control of their money at all times, meaning no more dodgy bookmakers running away with your funds.
  • With Wagerr you bet directly against the blockchain, and you always get paid.
  • Winners are welcome at Wagerr. Successful betters are never limited or suspended. In fact, Wagerr is incapable of blocking because the network is open source and decentralized.
  • Since Wagerr is regulation-agnostic and governed purely by the rules of the blockhain, your personal information remains private and access is never restricted.
  • Sharp Odds

    The Wagerr blockchain is not a company and does not require profit. As a result, Wagerr can provide better odds. In fact, the Wagerr network goes one step further and allows users to share in the success of the platform via its token model.


    How to Buy Bitcoin on Coinbase, Binance and Other Cryptocurrency Exchanges

    How to Buy Bitcoin on Coinbase, Binance and Other Cryptocurrency Exchanges

    Interest in cryptocurrencies, such as Dogecoin, saw a resurgence following last week’s GameStop buying craze, driven by investments from users on the subreddit r/WallStreetBets.

    Here we outline how to buy Bitcoin, the world’s first cryptocurrency, which is among the most widely traded cryptocurrencies today.

    Listed as BTC on the cryptocurrency market, Bitcoin can be purchased using Coinbase, Binance and other cryptocurrency exchange platforms noted below.

    Claiming to be the “best place to buy Bitcoin,” San Francisco-based Coinbase is “trusted by 30+ million customers worldwide,” according to the Coinbase website.

    To start buying Bitcoin, users will need to open an account by clicking on the “get started” icon at the homepage. This requires entering your email address and choosing a password to set up your login.

    Users can also access their account on the Coinbase mobile app, which can be downloaded on the Google App Store or Apple’s App Store.

    The website advises: “To prevent identity theft or fraud, you’ll need a photo ID to make sure it’s really you.”

    Once an account has been created, you can “start with as little as $25” and make purchases by clicking on the “Buy Bitcoin” icon on the Bitcoin page. Payments can be made by debit card or from your bank account.

    “Coinbase offers our USD Wallet and Hosted Cryptocurrency Wallet Service free of charge. This means we will store your USD and cryptocurrency at no cost to you,” the website explains.

    Users should also be aware of fees that may apply with different transactions.

    The website notes: “Coinbase Fees may vary based on your location, payment method, and other circumstances. In some cases, we may charge an additional fee on transfers to and from your bank account.

    “We will always notify you of all Coinbase Fees (not including the margin) and any other service fees that apply to each transaction immediately before you confirm each transaction and in the receipt we issue to you immediately after each transaction has processed,” it adds.

    See the Coinbase website for more information on fees.

    To buy Bitcoin on Binance you must first set up a user account. Click on the “register” icon, towards the top right of the homepage, which will require providing your email address and selecting a password.

    Users can also access their Binance account using the Binance mobile app by downloading it from the Google Play Store or Apple’s App Store.

    Once an account has been set up, users can purchase Bitcoin using several payment options, including credit or debit card as well as bank transfer.

    “Once you complete the purchase, we will deposit your new crypto directly to your Binance wallet – a safe and simple way to manage your crypto assets. You can immediately trade your purchased crypto on the many products and services on the Binance Platform.

    “Binance accepts a wide range of currencies and makes it easy for you to buy crypto using US Dollars, Euros, Pound Sterling, and other fiat currencies. You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), PAXOS (PAX), Tether (USDT), and True USD to buy crypto,” the Binance website notes.

    Users should also be aware of charges including trading, deposit and withdrawal fees, among others. See the Binance website for more information on fees.

    Coinmama caters to those “looking to buy Bitcoins fast” and “instantly” using a debit or credit card or by bank transfer, according to the website.

    “Since 2013, Coinmama has been trusted by over 2,600,000 users in 190 countries worldwide as the fast, easy way to buy Bitcoin,” the website states.

    The website notes: “You need to verify your account before you can buy BTC with credit or debit card. This involves the uploading of your passport, national ID or other documents. Once approved and cleared, you can buy Bitcoins for up to 15,000 USD with your credit/debit card.

    “If you don’t have a credit card, you can also buy Bitcoin with debit card. Coinmama currently accepts payments via Visa and Mastercard. Please note that American Express, Discover and PayPal are currently not accepted. Regardless of the method you choose, you need to make sure that the card belongs to you.

    “Please note that there’s an additional processing fee added to card payments. After your account is verified and a purchase is made you will receive your Bitcoin within a few minutes. Coinmama offers industry-leading purchase limits,” the website adds.

    Users should be mindful of fees that may apply. “Fees incurred on buy orders depend both on your loyalty level and method of payment,” Coinmama advises.

    See the Coinmama website for more information on fees.

    Noted to be a good option for those new to the cryptocurrency world, eToro’s mission was “to make trading accessible to anyone, anywhere” when it launched in 2007 and has been serving the U.S. cryptocurrency market since July 2018, according to the website.

    Once you’re logged in, you can start making purchases by clicking on the “trade” icon located in the top right portion of eToro’s Bitcoin page.

    EToro charges no commission fees, so there are no management, rollover, ticket or additional broker fees.

    “Zero-commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees may apply,” the website advises.

    See the eToro website for more information on fees.

    Once your account has been set up, users can click the “Buy” icon located at the right side of the Bitcoin page to make their purchase.

    Robinhood is also commission-free. “However, self-regulatory organizations (SROs) such as the Financial Industry Regulatory Authority (FINRA) charge us a small fee for sell orders. They charge these fees for all sell orders, regardless of the brokerage. Robinhood passes these fees to our customers and remits them to the applicable SROs,” the website advises.

    See the Robinhood website for more information on fees.


    Author: Written by News

    These Are 5 Best Cryptocurrency Exchanges in India Right Now

    These Are 5 Best Cryptocurrency Exchanges in India Right Now


    Cryptocurrency is booming right now in India urging many people to invest in it. A cryptocurrency exchange lets users buy, sell and trade cryptocurrencies. Mostly, these cryptocurrency exchanges support the top cryptocurrencies that prevail.

    Investors who are looking for the security of their crypto holdings and exchange rates can reach out to the exchanges that provide great functionality and are secured and user-friendly.

    Before you choose a cryptocurrency exchange, you need to ensure to research about the transaction fees, credibility of the exchange and security aspects among the rest.

    If you are looking for the best cryptocurrency exchanges in India, then you can check out the options listed below.

    Coinswitch: Coinswitch is one of the best crypto exchange aggregators in the world. It supports over 300 cryptocurrencies and 45,000 trading pairs. Partnered with crypto wallet institutions such as Guarda, OKEx, Binance, Coinomi and others, Coinswitch provides answers to all questions such as how to buy Bitcoin in India and how to invest in it.

    CoinDcx: CoinDcx is one of the most versatile crypto exchanges in the world. It lets you trade in over 200 coins with the maximum liquidity. Its user interface is simple and convenient and supports unlimited trading. What’s noteworthy is that this crypto exchange platform lets investors trade over 200 coins for a trading fee of as low as 0.1%.

    ZebPay: The other crypto exchange we are listing here is ZebPay. With over 3 million members on board, ZebPay’s interface is clean, simple and intuitive with advanced trading features. It is possible to trade across five crypto pairs at no deposit fees. There are multi-layered security protocols that protect the data and privacy of users.

    WazirX: WazirX is one of the most trusted Bitcoin exchanges in India. It offers a trading experience across all platforms including web, Android, iOS, etc. WazirX has an efficient and simple design that caters to both first time investors and professional traders. WazirX has created a token for itself called WRX. Besides being highly secure, it provides instant access as well.

    Unicoin: Unocoin is one of the highly trusted cryptocurrency exchanges for Bitcoin, Ether and Tether. The platform helps users to buy, sell, and exchange digital assets. It provides unique OTC (Over The Counter) services that enable bulk trade and SIP (Systematic Investment Plan) features. With these features, users can keep a minimum amount aside and the same will be automatically deducted from their linked bank account each month.

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    Author: By Abhinaya Prabhu |

    Published: Friday, February 5, 2021, 9:54 [IST]

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