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.
If you didn't take advantage of a system glitch on the Coinbase platform, then you missed out on the opportunity to become a cryptocurrency multi-billionaire. Due to a glitch in the settings of smart contracts for Ethereum, users could transfer themselves ether coins in unlimited quantities.
Coincheck will stop servicing Monero, Dash and Zcash due to the fact that working with such anonymous currencies is very risky. The danger is that clients receiving funds in these currencies are almost impossible to recognize. Which is very convenient for money laundering. With currencies like Bitcoin, such occurrences are less likely.
According to a recent study of cryptocurrency exchange performance conducted by Dier, Binance and Bittrex have the best-performing coin listings compared to HitBTC, Huobi and OKEx.
As one of the financial journalists of the New York Times, Nathaniel Popper, learned from Twitter, the largest cryptocurrency platform Bitstamp is in the final stage of sale to South Korean investors. Whether this information is reliable or this is another round of bearish hype is unknown.
Khaleej Times in Dubai reports that the management of the local cryptocurrency exchange managed to catch an employee who stole 800,000 dirhams (about $218,000) from the site’s accounts. The name of the attacker and the name of the exchange have not been disclosed, CCN reports.
The leading cryptocurrency exchange in the United States announced that it will stop listing 82 altcoins by March 30. Bittrex warned its users that funds in these types of cryptocurrencies can be withdrawn from wallets until the end of the month, after which such funds will not be available.
Although the cryptocurrency industry is maturing and taking the necessary steps to integrate with the traditional banking and financial system, it is still in the “Wild West” phase. Due to the lack of regulation and consumer protection in the cryptocurrency markets, there is still ample opportunity for fraudulent and manipulative schemes such as pump and dump.
Lately, the news about cryptocurrencies and regulators has been quite bleak, but there has been some good news as well. The UK's Financial Conduct Authority (FCA) has granted Coinbase a license to operate digital money services.
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