I have come to learn that many in the crypto community are aware of this.”. The closure of the Token Pocket exchange was announced over the weekend. Its first product, the Asset Collision Identifier, lets service providers confirm the uniqueness of crypto wallets. Crypto exchanges are now busy seeking regions with favorable regulations. eToro will stake $1.21 million... Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming Lack of resources due to downscaling further supported this decision.”. on. In 2019, fewer exchanges remain that carry little-known coins and tokens. Crypto World; CryptoTalk.Org Make posts and earn bitcoins! Cascades Announces Closure of the Brown Sheet Plant Facility as Part of the Corporation's Planned Optimization of its Ontario Containerboard Platform Read full article May 26, 2020, 12:30 PM So, should other crypto trading platforms, decentralized or not, be worried? Non-lawyers typically think of companies as pure brands and can have a difficult time grappling with this reality.”. Images via Shutterstock, Twitter @CryptoBridgeEU. However, the dramatic notice may actually be a publicity stunt. Cryptobridge is a scam. What do you think about the CryptoBridge shutdown? The shutdown of CryptoBridge is happening in an orderly manner, and there is no specific reason pointed for the shutdown. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. Moonbeam, an Ethereum-compatible smart contract platform on Polkadot, today announced its integration with Ocean Protocol, a data exchange protocol for the Web3 data economy. As … Their website has a clean user interface with an easy to access FAQ, but no information about their team. Remember me Not recommended on shared computers. Crypto World; CryptoTalk.Org Make posts and earn bitcoins! Existing user? Elrond and Reef Finance have entered into a partnership to enable Reef users to directly access DeFi applications in the Elrond ecosystem. Cryptocurrency exchange Livecoin announced Saturday it will shut down after a claimed attack on the platform last month. The exchange still has hold of some customer deposits, and will release the digital funds up until December 15. London, UNITED KINGDOM, March 8th, 2021 – BeInCrypto, one of the world’s largest and fastest-growing crypto news and education platforms, is delighted to announce a new partnership with the Blockchain and Innovation Society at the University of York (York Block), one of Yorkshire’s leading blockchain groups for students. The aim of CryptoBridge is to limit KYC to relatively large crypto coin transactions. A great improvement! pic.twitter.com/wn0hKgmMqx, — CryptoBridge (@CryptoBridgeEU) December 2, 2019. Sign In. Crypto World; CryptoTalk.Org Make posts and earn bitcoins! Caught within the recent crypto bull market, its token, ADA, hit a new all-time high price of $1.38 this evening. We’ve therefore decided to focus our efforts on the most appropriate way of handling support which is through our wallet. Sign In . The exchange will operate its servers until December 15, with no chance of withdrawals after that time. Meanwhile, Waves has relaunched by shutting down Waves.DEX and moving all activities to Waves.exchange, which is marketed as a “hybrid” platform. As a CryptoBridge spokesperson confirmed to Cointelegraph, the exchange is headquartered in Copenhagen, so once AMLD5 began including wallet custodians into its scope of regulation, it was forced to terminate operations. CryptoBridge provides users with regular updates about the development of the platform via their blog. The new exchange is allegedly non-custodial, meaning that user funds are not held on company-owned wallets — just like with most DEXs. The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. The PirateChain (ARRR) / Crypto Bridge Exchange (CB) fiasco reached a head earlier today in the PirateChain discord after the exchange finally published a statement ending over six months of silence regarding its closure of Piratechain (ARRR) deposits and withdrawals. Slated for launch on 15 th March, FreeBitco.in has already opened the sale of FUN tokens on its website. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Indeed, DEXs continue to gain popularity in the crypto space. BRD Wallet announces Tezos staking following integration. “Though we are not from the US we would still like to stay legal under most jurisdictions and a public mineable cryptocurrency is exempt from such regulation,” the CryptoBridge team wrote. So, should other crypto trading platforms, decentralized or not, be worried? According to experts, CryptoBridge’s departure marks a scenario in which other trading platforms are left in danger of facing similar symptoms. Zachary Kelman, managing partner at law firm Kelman PLLC, told Cointelegraph that there is a lot of confusion around DEXs because “most people tend to think of complex organizational structures simply as publicly identifiable brands, and in turn overlook the underlying legal reality.” He went on to add: “For example, people may say ‘Did you hear what happened to Bittrex?’ but it is not clear whether they are talking about a US-based corporation, a Maltese entity, or the Liechtensteinian company currently operating its international exchange. Dash, has earned the reputation of being one of the longest surviving crypto assets in the market. Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation. This feature distinguishes DEXs from centralized exchanges — which see significantly more use, accounting for more than 99% of the global cryptocurrency trade volume. February 19, 2021 . After accepting my deposit, I purchased some cryptocurrencies. The Moonbeam and Ocean teams have completed the first part of an initial integration: a successful deployment of Ocean’s contracts to Moonbeam. but for me digital money will be accepted by the public and government. BitStarz Player Lands $2,459,124 Record Win! Make posts and earn bitcoins! https://client-crypto-bridge.com 520.6043877 BCO will be distributed in your account. Sign In . The company said it intentionally avoided holding an initial coin offering due to the regulatory difficulties it would have posed in the United States. We highly recommend that you start the process as early as possible as verification can take a few days.”. Remember me Not recommended on shared computers. The platform is … Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. Crypto World; CryptoTalk.Org Make posts and earn bitcoins! DEXs are cryptocurrency exchanges that allow users to retain ownership of their funds and private keys. Similarly, Kelman told Cointelegraph that he “wouldn’t be surprised if we see similar news given the difficulty of successfully going all the way from the idea of a DEX into the DEX ‘regulatory twilight zone’ without getting caught in the headlights of anxious regulators.” He did, however, say that a “properly implemented DEX” still has a lot of potential to dominate crypto markets. By CCTrader - November 14, 2019 | comment/s CCTrading limited a subsidiary of Calamatta Cuschieri Group plc that facilitated the buying and selling of virtual assets v ia its online platform will be halting its services by the end of the year the Company has announced. Another important advantage is anonymity and lighter Know Your Customer requirements — at least, that was the case until recently, as CryptoBridge mentioned strict regulations as part of the reason for its closure. So far, CryptoBridge seems to be in good health, and the team is preparing for a relaunch. Updated news about bitcoin and all cryptocurrencies. This is higher than the market capitalization of Tesla. After the announcement was made, CryptoBridge immediately shut down all of its social media channels. We will be opening a new and improved exchange! Over time, and by monitoring the top traders’ strategies, eToro clients can build up their trading experience and confidence. Mamun007 replied to Muneeb's topic in Crypto World While some of the airdrops I attended have proven to be original, I think the airdrops are a very good point of view, as long as their whitepaper is carefully read and everything goes well. act as middle men, connecting people willing to trade cryptocurrencies while holding their assets and private keys on company-owned wallets. Could you be next big winner? Beeple’s millions, Banksy profits, problems for Kings of Leon: Hodler’s Digest, March 7–13, Zilliqa (ZIL) price is now up 600% since December, 6 Questions for Harumi Urata-Thompson of Celsius, Sam Bankman-Fried’s FTX to purchase Miami Heat arena naming rights. CCTrading limited announces the closure of its Crypto platform. As CryptoBridge’s representative told Cointelegraph, the team has already reported the account, adding that “Email and support tickets through the official wallet are the remaining methods of communication.” However, Kelman told Cointelegraph that, to him as a lawyer, CryptoBridge’s decision making seems indicative of other underlying factors: “When I see this I am immediately concerned that the project might have deliberately exposed itself to regulation with which it cannot or does not wish to comply, and its promoters see themselves as liable for it and are either panicking or attempting to do the best they can to wind up the operations.”. This is the highest it has ever been, and it still threatens to go even higher. Crypto-bridge announces the closure of its platform cryptousd20 replied to Loly 's topic in Crypto World I don’t know why this is happening because most of the platforms have started to exit the crypto currency market and announce their closure, is it a failure to bring in investors or is it evidence of external pressure Tezos [XTZ] has had a good 2021, with the cryptocurrency’s price noting year-to-date growth of over 158%. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. Thanks again for choosing CryptoBridge – have fun! "Terms and conditions" ★ Only for Accounts that already have at least 6 transactions. The closing of CryptoBridge arrives after smaller exchanges were pressured by the loss of volumes for obscure digital coins. It is hard to imagine that one year ago today, Black Thursday struck Bitcoin and caused one of the largest single-day selloffs in the asset’s short history, but here... Bitcoin price is back retesting its current all-time high above $58,000, but hasn’t been able to crack it just yet after a few attempts. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps. Sign In. There is still enough time to get your funds off but I have read that verification is a long process that takes time (they even mention 2 days in their notice) and they’ve probably chosen this route so that many people, like myself, don’t bother.”. This increases the profitability of the market, keeps attracting the notice of investors. Specifically, they provide peer-to-peer services that allow transactions between two interested parties directly on the blockchain. The company was spun out of CapLinked, Inc. in 2020. And to make trading even more straightforward eToro has two pioneering tools – CopyTrader and CopyFund – that are game-changers for crypto investors of all levels. CryptoBridge is fully licensed and complies with European Union law, and will require KYC for distributing the remaining coins and tokens upon it closure. CryptoBridge is based in the US, and strict requirements may incur high operational costs. The company cited market conditions, increasingly strict regulations and lack of funds as reasons for its decision to close and not pursue further development. The decision to precipitously delete all social media channels resulted in noticeable distress among users while also spawning a number of impersonators on Twitter. Users will be able to withdraw funds from the exchange until Dec. 15 — the last day of operation. FreeBitco.in Gets the Ball Rolling on its Premium Membership Program. BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services; Funds SAFU: Changelly Recovers 1 Million XRP ($460,000) For Bithumb; Telefónica and Rivetz Add Civic’s Identity Verification for Mobile Users; Bitcoin (BTC) Price Analysis: Time to Buy on Dips Again? The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. 3 weeks ago. While Waves ostensibly decided to “merge all the infrastructure teams” together and focus on one product, CryptoBridge went out of business completely. Global investment platform eToro has launched a first-of-its-kind sponsorship deal with reigning double Formula E champions, DS TECHEETAH. Dash FastPass Rollout Across Top Cryptocurrency Exchanges Sparks Bullish Surge, Christine Vasileva https://client-crypto-bridge.com 38852.4594 RVN will be distributed in your account. It also removed the anonymity from DEX exchanges which, in essence, kills their business model.”. E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. CryptoBridge carried PigeonCoin, an asset that has been attacked by malicious mining, potentially stealing coins. The platform, which was created as a multi-crypto wallet and token swap service, was launched primarily for users of the EOS blockchain.