The biggest crypto exchanges stopped their work...

The biggest crypto exchanges stopped their work...

Coinmarketcap listed 105 exchanges in 2016, versus 213 today, though only 60% of the listed exchanges back then had any sort of meaningful volume of over $10,000 a day

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DragonEx crypto exchange hacked

Singaporean exchange DragonEx has been hacked, and an as-yet-unknown amount of assets have been stolen, CoinDesk writes. Upon the discovery of the breach on March 24, DragonEx took the platform offline to carry out “system upgrades” and announced a day later the breach had taken place. In the attack, hackers absconded with both users’ and the platform’s assets, although the exchange has not yet provided concrete numbers. According to a message posted on Telegram, DragonEx has retrieved some of the assets and is working on recovering the rest. The exchange has informed judicial administration from Estonia, Thailand, Singapore and Hong Kong regarding the cyber attack and is helping the police with the investigation. The platform has suspended services for a week. Regardless of how the asset recovery goes, “For the loss caused to our users, DragonEx will take the responsibility no matter what,” the exchange wrote.
The Block Crypto

Bitcoin, Ethereum, XRP and other cryptos set to be traded on Yahoo-backed Japanese cryptocurrency exchange, Taotao

The Japanese cryptocurrency exchange, Taotao [formerly BitARG], is set to launch in May and will offer trades in Bitcoin [BTC] and Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], and XRP. Among the above-mentioned cryptocurrencies, margin trading will be available for Litecoin [LTC], Bitcoin Cash [BCH] and XRP. The exchange, as reported by Cointelegraph, will go live in mid-May. Pre-registration is open from 25 March to 17 April, 2019, and users can participate in a promotional giveaway of ¥1000. Z Corporation, a subsidiary owned by Yahoo, has a 40% stake in the Taotao exchange. The plan for owning the stake was announced in March 2018. At the time, the stake cost Yahoo ¥2 billion [$19 million]. This move marked Yahoo’s foray into cryptocurrency. On 23 March 2018, Nikkei Asian Review stated, “The purchase of BitARG shares will be made through Tokyo’s YJFX, a wholly owned Yahoo subsidiary that operates foreign exchange transaction services.” Further, Taotao exchange has received a seal of approval from Japanese regulatory bodies for its launch. Yahoo is yet another big-player that has entered the Japanese regulated cryptocurrency space. The entry of major players like Yahoo and SBI Group began after a scheme launched in April 2017, which has cleared approximately 16 operators to serve the Japanese market. Additionally, Japan cleared more rules regarding margin trading of cryptocurrencies. Japan’s cabinet reportedly approved a draft amendment to Japan’s financial instruments and payment service laws, allowing margin trading at two to four times the initial deposit. The post Bitcoin, Ethereum, XRP and other cryptos set to be traded on Yahoo-backed Japanese cryptocurrency exchange, Taotao appeared first on AMBCrypto.

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