CoinEx news

Established in 2017, Hong Kong. No. of pairs - 43. Centralized exchange. KYC & Restrictions - yes.

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CoinEx now building public chain for its decentralized exchange

CryptoNinjas CoinEx, a digital asset exchange launched in 2017, announced that the company is now building a public chain called CoinEx Chain for decentralized trading. The website was launched on March 22nd and a CoinEx Chain-based decentralized trading platform CoinEx DEX is scheduled to... CoinEx now building public chain for its decentralized exchange
CryptoNinjas

CoinEx Announces Termination of Services in Mainland China, Crackdown Escalated?

The China-based Cryptocurrency exchange CoinEx announced that it will exist from the Chinese market and no longer provide services for users in Mainland China after over a year of operation within the territory. The announcement on its website released on March 11 reads that the exchange chose to terminate services in Mainland China as compliance with China’s regulations and regulatory requirements of central authority. Users within the territory are required to withdraw their crypto assets before March 29 (UTC). CoinEx was launched by one of bitcoin’s largest mining pools ViaBTC in December 2017. With its operator a strong supporter of Bitcoin Cash (BCH), the exchange rose as a platform providing only BCH-priced trading pairs in its early days. The exchange seems to mainly focus on Southeast Asia market with language support including English, Chinese, Japanese, Korean, Indonesian and Russian. According to its official website, CoinEx is providing global trading services in nearly 100 countries/regions. The decision of the exchange, occurred at a special timing when the country’s biggest political event is ongoing and Consumer Rights Day is around the corner, raised concerns from some cautious Chinese crypto investors. Some worry that the crackdown on crypto trading offered by exchanges may be escalated again in the country. While prior to it, some smaller exchanges including Italian-based BitGrail and Ukraine-based Liquid have shut down in early 2019. With reduced liquidity on these small exchanges, traders are abandoning them for bigger ones. Smaller exchanges such as CoinEx, barely making enough to keep afloat, have to terminate their services or cut off dead branches in a sluggish market. But what worries users more is that the exchange makes no statement about its future plan and markets outside Mainland China. Some alert that it is a signal that the exchange may not exist in near future. Coinex fucking never answer questions. You just cant say we will be no longer in chine market. What will happen in future you have to explain that too. You just cheat on all of users who trust #coinex market. I think #CoinEx wont be exist in near future — nuri (@nurisoylemez) March 11, 2019 As of press time, the exchange is ranked 118th among global crypto exchanges by trading volume, in the last 24 hours it has seen over $1,000,000 in trading executed.
8BTC

ViaBTC, CoinEX Founder Haipo Yang Officially Released from Chinese Prison After Months of Rumors

Haipo Yang is responsible for founding both CoinEX and ViaBTC, but his time in the media lately has been discussing him for another reason. He seemed to disappear off the radar several months ago, leading many people to speculate what became of him. However, CoinSpice discovered that he has been arrested and imprisoned in China for at least two and a half months. The founder was just released from the prison this morning. The last time anyone had actually heard from Haipo Yang was in October last year, though the news that he was imprisoned was originally broken by Jane Wang. At the time, the reports that he was arrested were denied, and the only information for anyone in the industry to go off of was the vague tweets and the lack of transactions on CoinEX. So far, there is not much certainty about the reasons for the arrest, detainment, or even the release. In early November, Ms. Wang said, “The rumor first appeared in a private WeChat group called ‘Real China Power’ by Chinese blockchain executive Elly Zhang (@cryptovenus), saying that Mr. Haipo Yang had been arrested and was under control at Nantou Police Station in Shenzhen.” Additional speculation about the arrest says that a pending initial coin offering (ICO) could’ve been brought to the attention of the authorities. This would explain the need to question Yang about the actions in China, considering their ban against crypto activities, apart from a few miniscule exceptions. Now, it looks like Yang’s first court of action is to become active on Twitter again. So far, the only thing he has posted is a reposted tweet from Roger Ver, which links to a CoinSpice article titled, “Lightning Network Vs. Bitcoin Cash: Onboarding, Spending, Reliability.”
Bitcoin Exchange Guide

Is CoinEx And ViaBTC CEO Haipo Yang Under Arrest In China? Radio Silence Sparks New Fears

A member of the Chinese internet community has reported that, Haipo Yang, the founder of both ViaBTC and CoinEx has been subject to arrest on October 30th. Later on, the CoinEx Telegram group administrator responded directly to these allegations, claiming that they were ‘purely fictitious'. It was during that evening, however, that Haipo Yang's Twitter account forwarded the news and laconically commented ‘interesting'. A few days later, a number of CoinEx users revealed that they were having issues with withdrawing tokens from their accounts, with some token withdrawals not being received for more than 24 hours. While Yang's Twitter account replied to the allegation, there has been no legitimate response from either of these organizations, we he arrested? According to updates from November, there have been confirmations that CoinEx is still processing BTC withdrawals and users are still receiving them. BCH withdrawals, on the other hand, have been seeing an increased level of slowing and stalling. Yang Disappears – Arrest Rumors Spread Where did this rumor first emerge? It happened on a private WeChat group called ‘Real China Power' which was hosted by the Chinese blockchain executive Elly Zhang. Zhang stated that Mr. Haipo Yang had since been arrested and was under the jurisdiction of the Nantou Police Station in Shenzhen. The chat was then screenshotted by Bitcoin Gold founder Jack Liao — who is known to have long-term personal and business issues with Yang and Bitmain CEO Jihan Wu. Liao made sure to post the screenshot on his Weibo and WeChat moment, and soon thereafter, it began to rapidly spread within the Chinese crypto community. Link To ICO Plans? Sometime in October 2018, a user of Sina Weibo alleged that someone had reported CoinEx to the Shenzhen financial office, and mentioned that the investigation could be related to the ICO of both ViaBTC and CoinEx, Yang being the CEO of both organizations. Along with this, there are reportedly screenshots of a conversation in the CoinEx internal group, which claimed that it wouldn't be illegal to perform an ICO ‘under the table'. Haipo Yang’s companies are established in China, and he also holds a Chinese passport. It’s widely known that ICO activity has been banned in China since September 2017. source: Sina Weibo No Comment From The ShenZhen Police Force In order to try and confirm a number of these rumors, individuals have attempted to contact the Nantou police station in Shenzhen. The results were not exactly what journalists were hoping to hear, however, as a representative said that they would not disclose any private information unless the party's family members inquired, or were requested to do so by their immediate superior. Attempts to communicate directly with Yang and Sara Ouyang, the COO of ViaBTC have proven useless, as their phones were switched off. As a result, there's no direct way to get in touch with those parties directly involved in this affair, meaning that there's no way to effectively confirm or deny any of the rumors or outstanding allegations, whatever they may be. The silence, however, could also be a sign — in most cases like this, an exchange would likely want to reassure users as soon as possible that all was well.
Bitcoin Exchange Guide

Bitcoin Cash Coins (BCH and BSV) Can Now Be Withdrawn On Coinex Exchange

It’s been over 10 days since the Bitcoin Cash hard fork and exchanges have finally decided that the offsprings of the previous BCH, now known as BSV and BCH (BCHABC is being called BCH) are now stable enough for withdrawal. Coinex becomes one of the first exchange to offer the withdrawals of BCH and BSV. Up till now, they were considering technical evaluations and tests which has now been passed. Notably, they are one of the few exchanges who agree to divide the tokens for users who send them as unsplit, pre-fork BCH coins. Founded in December 2017, CoinEx is a global and professional digital coin exchange service provider. CoinEx core team is from world leading internet and finance companies, including the earliest adopters/professionals of cryptocurrency who boast rich experience in R&D, global operations and services in the industry. With its proprietary trade matching system and excellent user experience, the exchange is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. It supports multiple languages and provides trading services in about 100 locations around the world. Although CoinEx has published the following reminder on their announcement: “The prices of BCH and BCHSV may fluctuate drastically after the fork. Please evaluate and invest wisely based on your risk tolerance and financial resources.”
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This week, Redditors not only followed the jumps of the rates, but also discussed such sign events as: Roger Ver talks about US Government, BCH founder tries to convey the importance of Bitcoin Cash, more businesses are switching to accepting cryptocurrencies, Fidelity takes a step forward… All that hot threads you can read in our Reddit-digest

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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform Bitconnect.co. The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest. The company also has a lending platform and exchange which closed due to warnings from Texas and North Carolina authorities. Some unknown person is however working […]
Bitcoin Exchange Guide

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
Bitcoin Central

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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