German Stock Exchange Launches Crypto Trading App
Börse Stuttgart, the second biggest stock exchange in Germany, has launched BISON, a cryptocurrency trading app whose purpose is to achieve a safe and quick onboarding of Germans to cryptocurrencies. Backed by them, this app lets customers use their German bank accounts to buy Ethereum, Litecoin, Bitcoin, and XRP. The app also features fee-free operation for purchases and sales of cryptocurrency.
Canadian Exchange Coinsquare Lays Off Employees and Executives
The Canadian crypto exchange Coinsquare laid off more than 40 employees, including some important executives, as they fight to keep afloat amidst the longest bear market in the ecosystem’s history. The exchange had approximately 150 employees after the first round of layoffs last July, and now they will remove 25% more of their staff. COO Robert Mueller and CFO Ken Tsang were also fired. Despite this, the CEO declared “we know that other exchanges in this country are in trouble. Coinsquare is in absolutely no trouble.”
QuadrigaCX ToS: Not Liable For Losses
From the QuadraCX Terms of Service, which are very clear, open, unambiguous and honest. They are completely covered and protected by this language; every user was responsible for their interaction with Quadra, who were responsible for almost nothing. https://t.co/X1yjuGRtD5 pic.twitter.com/jDFL5htRmr
— Beautyon (@Beautyon_) February 2, 2019
After the scandal unleashed with the clients of QuadrigaFX being informed the exchange was filing for creditor protection, as reported by CoinSpice, two more revelations have dropped: First, it seems this whole saga is the result of their CEO having died in India while traveling, and no one else in the company has cold storage keys. And second, their Terms of Service appear to shift the burden of any losses onto the customers, as it declares “any loss that occurs … will not be the responsibility of QuadrigaCX.”
MAC Malware Uses Exchange Cookies to Steal Crypto
SEC Seeking Data Firm to Monitor Blockchains
A new solicitation of sources filed by the SEC is searching for suitable data firms to lend their services to the SEC in order to monitor and acquire data from several blockchains. The filing declares the SEC is “seeking information for potential sources to support the goal of acquiring data for the most widely used blockchain ledgers, including the universe of available information and transaction details.”
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