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Tag Archives: Cleared

Coinbase Cleared of Insider Trading Accusations After Investigation

Many users remember Coinbase’s Bitcoin Cash debacle in December, with a bulk of the community accusing the exchange’s employees of insider trading. But according to a recent development, an investigation has found that none of the firm’s employees participated in insider trading. Coinbase’s Insider Trading Inquiry Met With Zero Results Coinbase, a most prominent cryptocurrency platforms in the industry, recently ...

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$230 Million Cleared on BitMEX Amidst Bitcoin Recovery, Short Squeeze Likely

Bitcoin’s most recent run-up has led many to ask, what was the catalyst? Some analysts cited institutional money, while others pointed out that it may have been positive technicals and a short squeeze. On Thursday’s showing of CNBC Fast Money, the CEO of Bitmex addressed the latter theory. BitMEX’s CEO Addresses The Short Squeeze Theory According to Business Insider, Bitcoin’s ...

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South Korean Crypto Exchange Bithumb Cleared by Government

After a three-month long investigation, the South Korean government finds no evidence of wrongdoing at the Bithumb crypto exchange, local media report June 8. Bithumb is currently the largest cryptocurrency in Korea and the seventh largest in the world by trade volume, according to data from Coinmarketcap. According to reports, the investigation into the exchange began on January 10 and ...

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South Korea’s Biggest Cryptocurrency Exchange Cleared by Government

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bithumb, South Korea’s biggest cryptocurrency exchange, has been cleared by local financial authorities and the National Tax Service (NTS). While the company was ordered to pay $28 million in taxes, the government found no evidence of illicit activities, tax evasion, and suspicious business operations. No Illegal Activity ...

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What Ban? Cryptocurrency Cleared for Trading as Commodity by Indonesian Regulator

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Indonesia’s markets regulator under the Ministry of Trade, the Future Exchange Supervisory Board (Bappebti), has reportedly signed a decree to allow cryptocurrency trading on futures exchanges as a commodity. According to local investor publication Kontan, the decision to greenlight cryptocurrency trading follows a four-month study by the ...

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Audit Results: South Korea’s Largest Cryptocurrency Exchange Upbit Cleared

Upbit, the largest cryptocurrency exchange in South Korea, has conducted an internal audit amid suspicions of fraud from national authorities. The audit results allegedly disprove the claims that the exchange has falsely reported the amount of funds it holds. South Korea’s Upbit Exchange Claims Internal Audit Disproves Suspicions of Fraud South Korea’s cryptocurrency market came under pressure last week following news ...

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