Connect with us

News

Bitcoin, Ethereum, XRP and other cryptos set to be traded on Yahoo-backed Japanese cryptocurrency exchange, Taotao

Avatar

Published

on

Bitcoin, Ethereum, XRP and other cryptos set to trade on Yahoo-backed Japanese cryptocurrency exchange, Taotao
Source: Pixabay

The Japanese cryptocurrency exchange, Taotao [formerly BitARG], is set to launch in May and will offer trades in Bitcoin [BTC] and Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], and XRP.

Among the above-mentioned cryptocurrencies, margin trading will be available for Litecoin [LTC], Bitcoin Cash [BCH] and XRP. The exchange, as reported by Cointelegraph, will go live in mid-May. Pre-registration is open from 25 March to 17 April, 2019, and users can participate in a promotional giveaway of ¥1000.

Z Corporation, a subsidiary owned by Yahoo, has a 40% stake in the Taotao exchange. The plan for owning the stake was announced in March 2018. At the time, the stake cost Yahoo ¥2 billion [$19 million]. This move marked Yahoo’s foray into cryptocurrency.

On 23 March 2018, Nikkei Asian Review stated,

“The purchase of BitARG shares will be made through Tokyo’s YJFX, a wholly owned Yahoo subsidiary that operates foreign exchange transaction services.”

Further, Taotao exchange has received a seal of approval from Japanese regulatory bodies for its launch.

Yahoo is yet another big-player that has entered the Japanese regulated cryptocurrency space. The entry of major players like Yahoo and SBI Group began after a scheme launched in April 2017, which has cleared approximately 16 operators to serve the Japanese market.

Additionally, Japan cleared more rules regarding margin trading of cryptocurrencies. Japan’s cabinet reportedly approved a draft amendment to Japan’s financial instruments and payment service laws, allowing margin trading at two to four times the initial deposit.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

News

GateHub: Stolen XRP funds transferred to prominent exchanges

Namrata Shukla

Published

on

GateHub stolen XRP funds moved to Bitfinex and OKEx
Source: Pixabay

The GateHub hack that took place earlier this month resulted in the exchange losing nearly 23 million XRP worth approximately $9 million. However, Whale Alert, a tracker of large crypto transactions, alerted the community of these stolen funds being moved to various different exchanges.

One of these exchanges was identified to be Bitfinex, which received 400,025 XRP on June 16 at 10:57:22 UTC. The sender’s address was r4hyDYXv7iV3oCahxQzqYYfgxwyBx3AyMN and was identified to be from the GateHub hack 2019. The receiver’s address was identified to be Bitfinex’s- r9o9MerrS7d2GAEs6JPj4v4JcvZAJNtLUY. The hash rate of the transaction was 21124F7818A2903E9750456D603CC9AACC9DBE6CE2EF0AA191C734339B4CA682 and the transaction details were as follows:

Source: Whale Alert

Source: Whale Alert

Another transaction was noted to take place to the Bitfinex wallet address where 100,000 XRP was transferred from another identified GateHub hack address. The identified Bitfinex’s wallet address was rDcz7P9YMpffLKhRBovTzhUr3wKtk3y9q7. This wallet address was quick to transfer the funds immediately to another exchange, OKEx. OKEx previously received 3,000 XRP from the stolen funds to an identified OKEx address- rUzWJkXyEtT8ekSSxkBYPqCvHpngcy6Fks. The hash rate of the transaction was noted to be BE97F68A20E996A2E1A37228DCBD45A1F26E8E2B3A842E9FCFFF7721157C1C37 and following were the transaction details:

Source: Whale Alert

Source: Whale Alert

The stolen funds were moved to another prominent exchange, Binance, and CZ was swift to inform Whale Alert that he would look into it. However, the crypto users did not find any relief about these funds going to other exchanges as the exchanges did not respond to the large transactions.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending