bitso

ChainCatcher news, according to Jinshi reports, the Mexican cryptocurrency platform Bitso announced its entry into the Chilean and Peruvian markets, further expanding its business in Latin America.

ChainCatcher news, according to DigitalAsset, a representative of the South Korean cryptocurrency exchange Bitsonic has been sentenced to 6 months in prison for involvement in a fraud case amounting to 100 million won. Previously, this representative had been sentenced to 7 years in prison for another fraud case. This fraud involved inducing trades through false announcements, artificially inflating the trading volume and market value of Bitsonic Coin (BSC), thereby defrauding customers of a total of 160 million won.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bitso has announced the establishment of a subsidiary called Juno, which will issue and manage digital assets including stablecoins. The first token issued by Juno is a fully backed Mexican Peso stablecoin (MXNB), aimed at facilitating cross-border payments and financial transactions in the region. To support the adoption of its stablecoin, Juno has launched the Juno Mint platform, providing businesses with APIs and tools for issuing, exchanging, and converting MXNB, and integrating with Mexico's SPEI banking system for fiat currency transactions.

ChainCatcher news, according to CrowdFund Insider, Latin America's leading cryptocurrency exchange Bitso has announced the launch of the stablecoin RLUSD issued by Ripple. This stablecoin is pegged to the US dollar at a 1:1 ratio and is fully backed by equivalent US dollars and cash equivalents, primarily aimed at cross-border payment scenarios.Bitso CEO Daniel Vogel stated that the company's long-term partnership with Ripple has facilitated multiple innovative application scenarios, including cross-border payments. RLUSD will be offered through the RLUSD/MXN trading pair on the Bitso Alpha platform, allowing users to deposit and withdraw in the form of Ethereum ERC-20 tokens.

ChainCatcher news, according to on-chain data tracking service Whale Alert, at around 8:20 AM Beijing time today, 26,000,000 XRP (15,364,553 USD) was transferred from an unknown wallet to Bitso.

ChainCatcher news, according to CoinDesk, the Latin American cryptocurrency exchange Bitso announced a partnership with blockchain security company Coincover to provide security for digital assets. By integrating with Bitso's multi-party computation (MPC) infrastructure, Coincover will offer non-custodial disaster recovery, providing protection for the exchange against events such as hacking or loss of access.In addition, Bitso will use Coincover to monitor outgoing transactions in real-time. According to Immunefi data, the cryptocurrency sector has lost over $900 million this year due to hacking and fraud, with $572 million stolen just in the second quarter.

ChainCatcher news, cryptocurrency exchange Bitso has announced the launch of a Web3 wallet. This Web3 wallet utilizes MPC technology to facilitate users' self-custody processes and supports Ethereum, Polygon, Arbitrum, Base, and Optimism networks. The wallet will feature embedded functionality that allows for exchanges between over 2000 existing tokens on these protocols.Bitso co-founder and CEO Daniel Vogel stated that Bitso is observing the developments of global exchanges like Coinbase, which have launched their own networks to enhance user experience. Although Vogel did not confirm that Bitso intends to enter this market, he emphasized that his company "is doing well from a user experience perspective" and that using these tools "can make the process more fun and easier."

According to ChainCatcher news, the Seoul Eastern District Court's 12th Criminal Division sentenced Bitsonic CEO Shin Woo (41 years old) to 7 years in prison on the 6th, as reported by Yonhap News Agency. He was charged with fraud, forgery and use of electronic records as stipulated by the Specific Economic Crimes Punishment Act, and obstructing business using a computer. The Chief Technology Officer (CTO) of Bitsonic was also sentenced to one year in prison for obstructing computer work.The court stated: "The defendant used his position as an operator and manager of the exchange to disable the basic information processing functions of the virtual asset exchange, creating the illusion of increased trading volume through normal transactions." The court also added that the defendant "defrauded numerous victims of over 10 billion won for a long period of time through false Korean won transactions."

ChainCatcher news, the South Korean prosecution has charged the CEO of the cryptocurrency trading platform Bitsonic with embezzling 10 billion won (approximately 7.6 million USD) in investment funds and margin, and arrested and prosecuted him on August 7. Additionally, the prosecution has charged the Vice President of Technology at Bitsonic with obstruction of justice and has referred him for trial.According to the prosecution's investigation, the CEO of Bitsonic falsely manipulated computers from January 2019 to May 2021 to inflate the prices and trading volumes of virtual assets, and concealed the facts when unable to meet investors' withdrawal requests due to losses, transferring 10 billion won in cash and virtual assets by selling cryptocurrency locking products to other clients.

ChainCatcher news, according to CoinDesk, Latin American cryptocurrency exchange Bitso has integrated Stellar's payment network Anchor Network and collaborated with the Stellar Development Foundation to develop a solution that enables businesses around the world to conduct USDC transactions in Argentina, Colombia, and Mexico. (Source link)

Chain Catcher news, the Mexican crypto exchange Bitso will launch a QR code crypto payment tool in its wallet app on September 27. This feature allows shoppers in Argentina to use cryptocurrencies for payments at supermarkets and restaurants across the country, such as stablecoins pegged to the dollar, Dai, Ether, Bitcoin, and other cryptocurrencies. (The Block)