BitMEX Blocks Services in Three Countries amid CFTC Probe

Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision to ensure “continued compliance.” It explained that it was restricting access to its bitcoin derivatives and exchange services in regions that hosted its headquarters and staffs. Seychelles, Hong Kong, and Bermuda will be added to…

Coinbase Admits Putting 3,500 Traders’ Crypto Funds at Risk

A bug could have lost the users of Coinbase a lot of money, confesses the exchange itself in its latest blog post. Coinbase Holds Its Hands Up The Friday “post mortem” revealed that an error on Coinbase sign-up page saved customers’ information on Coinbase internal web server logs – in a clear text. So a password writing which, say, looks like “123456” was appearing like “123456” to the staff at the San Francisco-based cryptocurrency firm. Ideally, it could have been hashed into non-readable text. The bug, Coinbase admitted, affected 3,420…

Blockchain CEOs Fed Up With South Korean Regulation Approach: Report

South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report. South Korean Blockchain Projects Look Abroad Referencing a range of industry experts on August 18, local news outlet Business Korea noted the increasing tendency for Blockchain projects born in South Korea to seek out easier funding overseas.  Major international exchanges are the focus for CEOs looking to raise cash, specifically those with high volume residing in a pro-crypto jurisdiction. The reason, sources told the publication, lies in South Korea’s continued problems implementing its controversial…