In our “Stock” section, we cover news and developments related to traditional financial markets and publicly traded companies. Here you will find information about stock market trends, major companies, and the intersection between stocks, fintech, and cryptocurrencies. Read the “Stock” section on ForkNews to stay informed about movements in the global financial markets.
On February 23, the American exchange Coinbase sent out notifications to 13 thousand users that their data would be transferred to the US Tax Service (IRS). IRS officials asked Coinbase back in July last year to hand over information about 500,000 users in order to find tax evaders. At the end of autumn 2017, the exchange received a court order in which the Tax Service asked to provide data for 14,000 clients instead of half a million.
In the “support” section on the official website of the platform, information was published about restrictions on services based on the location of clients, which will come into force on March 9 of this year.
A computer error on Japanese cryptocurrency exchange Zaif allowed some customers to receive digital tokens for $0. This has raised questions about the security of cryptocurrency exchanges.
One of the largest exchanges, which processes more than $1 billion per day, announced the introduction of Segregated Witness technology. Paolo Ardoino, CTO of the platform, believes that the implementation of the technology will provide benefits to users and Bitcoin is the future.
Cryptocurrency exchange Kraken, one of the world's leading cryptocurrency trading platforms, has added 10 different currency pairs and a pre-order option. Previously, the exchange had to abandon these functions due to the overload they placed on their platform.
More and more Coinbase customers are reporting that the cryptocurrency exchange is withdrawing funds from accounts without the permission of their owners. In the cases of some users, this resulted in bank accounts that were linked to these wallets being wiped out.
Coincheck quickly sorted out the issue of paying out capital to investors who suffered after the hack at the end of January. As of last Tuesday, all user withdrawal requests that were received before February 11th have been satisfied.
Coinbase, the largest crypto broker and one of the most popular cryptocurrency exchanges, has launched a new service for customers that allows them to easily make payments in cryptocurrency by clicking the Coinbase Commerce button, which is almost identical to the PayPal button.
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