Deribit to pay users 1.3M USD, BitMEX exposes users’ emails and Huobi Cloud to offer white label exchange services in Middle East and Africa

Crypto2Cash
2 min readNov 1, 2019

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Here is your daily overview of interesting, important and market moving cryptocurrency news.

Deribit to Pay Users $1.3M After Bitcoin Price ‘Flash Crash’ to $7.7K

Cryptocurrency futures and options exchange Deribit says it will use its own money to refund users affected by an exchange rate miscalculation.

In a Tweet on 1 November, Deribit recognized its role in the error caused by “outlier” value. It resulted in Bitcoin trading at round 7.700 USD.

The miscalculation caused traders to be paid a lower price for BTC/USD sells, with Deribit calculating the losses at $1.3 million.

BitMEX exposes users’ emails to other users

Cryptocurrency exchange BitMEX made a huge mistake today affecting the privacy of its customers: a mass email was sent to its users with their email addresses in the “To” field.

Twitter crypto specialist Crypto DonAlt warned its followers to BitMEX’s mistake.

Huobi Cloud to offer white label exchange services in Middle East and Africa

Huobi Cloud has announced its plan to provide more local financial institutions with white-label exchange services in the Middle East and Africa.

Their initiative aims to leverage an international platform’s security resources and deeper liquidity, otherwise difficult to recreate on their own.

Huobi Cloud has been talking with potential partner companies across 10 countries, hoping to launch two or three of them this year.

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Crypto2Cash
Crypto2Cash

Written by Crypto2Cash

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