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Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation
23.12.2019
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot...
Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News
23.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
BitMEX Research says that all 11 Initial Exchange Offerings (IEOs) they looked into in their May report have seen...
Ripple Raises USD 200M From Tetragon, SBI Holdings & Route 66 Ventures
20.12.2019
Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that is raised USD 200 million in Series C funding from a group of notable investors.
The funding round was led by global investment firm Tetragon, with participation from SBI Holdings and Route...
PlusToken Ponzi Scheme Moves USD 100 Million Worth of Ethereum
19.12.2019
After reporting that an alleged Ponzi scheme may still dump at least USD 243 million worth of crypto on the market, their Ethereum (ETH) seems to be on the move.
China-based PlusToken, deemed a scam by local and foreign media, as well as the crypto community at large, seems to have moved...
Circle Prepares for Crypto Mass Adoption as USD Coin Trading Volume up 954%
18.12.2019
Jeremy Allaire. Source: a video screenshot, Youtube, IMF
Major crypto financial services firm behind the USD Coin (USDC) stablecoin, Circle , intensifies competition in the stablecoin market as the company estimates mass crypto adoption in 2-3 years. In the meantime, USDC trading volume has already...
Justin Sun commits USD$1 Mil to GretaThunberg’s initiative
18.12.2019
Justin Sun, the globally reputed crypto business personality and CEO of the world-acclaimed TRON Foundation, has announced to contribute a whopping amount of USD$1 Million to teenage environmentalist Greta Thunberg’s noble initiative focused towards the replenishment of the global ecosystem....
South Korean Police Charge Operators of USD 18m Bogus ‘Thai Crypto’
16.12.2019
South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token.
Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in...
Ethereum Foundation USD 100 Million Deal Raises Transparency Questions
16.12.2019
Source: iStock/Ivan-balvan
The waters of transparency issues have been stirred with Ethereum co-founder Vitalik Buterin saying that the Ethereum Foundation (EF) sold ETH 70,000 at the top. It was worth c. USD 100 million at the time, and less than USD 10 million today.
“I did get the Ethereum...
BitMEX and Arthur Hayes Now Have USD 300 Million Problem
12.12.2019
Arthur Hayes. Major crypto exchange BitMEX and its co-founder and CEO Arthur Hayes just got into another problem.
The company and its CEO are now being sued for USD 300 million by Frank Amato, a former JPMorgan Chase commodity derivatives trader, and RGB Coin Ltd., who claim to have been the first...
Market Update: Despite Uncertainty, BTC Longs Skyrocket
11.12.2019
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying...
This is How 'Sheep Investors' Helped Build Alleged USD 722M Crypto Ponzi
11.12.2019
Source: iStock/ridvan_celik
U.S. law enforcement has arrested three men in connection with a USD 722 million cryptocurrency mining Ponzi scheme that targeted thousands of investors the conspirators called “dumb” and “sheep.”
The U.S. Attorney’s Office for the District of New Jersey said yesterday...
Bitpay Launches Support For Three USD Stablecoins — But Not Tether
11.12.2019
BitPay is now formally accepting stablecoins for payment, but not the one which is by far the most widely used
Bitcoin Volatility To Drop in 2020; USD 10K - 'Just a Matter of Time'
9.12.2019
Bitcoin (BTC) price volatility is expected to decline next year, with the transition from a bear to a bull market seemingly over, while the cryptocurrency’s price is likely to continue grinding higher, according to a recent report released by Bloomberg Intelligence (BI).
While bitcoin’s rapidly...
Chinese Central Bank Issues USD 2.8m Worth of Blockchain Bonds
6.12.2019
Source: iStock/杨培培
The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China.
Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance...
Bitcoin Price Could Hit USD 5,000 Before Rallying – Tuur Demeester
5.12.2019
A popular economist said that Bitcoin (BTC) can go lower, meaning that we haven’t seen the bottom yet. However, that low is just a stop on a way to all-time highs, founder of Bitcoin alpha hedge fund Adamant Capital, Tuur Demeester, stressed.
“We are way above the bottom of USD 3,000 [and] I don’t...
Crypto Exchange Gemini Burnt One-Fifth of Its GUSD Stablecoin Supply
4.12.2019
Crypto exchange Gemini burnt about 20% of the supply of its Gemini Dollar stablecoin
Australian Police Seize Over USD 1 million in Crypto In Drug Bust
4.12.2019
As the Australian Federal Police are developing their tech capacities, a recent drug bust of a property in Western Australia allowed officers from the Technology Crime Service to seize not only illegal substances, but also more than AUD 1.52 million (USD 1.04 million) worth of unspecified...
Japanese Firm Good Luck 3 Raises 100,000 USD in Crowdfunding Campaign
4.12.2019
Having established itself as one of Japan’s renowned blockchain, entertainment, and production management studio, Good Luck 3, Inc. has started a Crowdfunding campaign through “FUNDINNO.” The strategically planned event was organized on November 27, 2019. Good Luck 3 is the proud creator of social...
British Virgin Islands Announce US Dollar-Backed Digital Currency
3.12.2019
The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory
‘Hack’ Worries as USD 79m of Altcoins Transferred from Upbit Accounts
27.11.2019
South Korean cryptocurrency users say they are in a “state of confusion” after reports of a possible USD 79 million hack on market-leading crypto exchange platform Upbit.
Per Chosun, a series of large altcoin transfers were made out of Upbit accounts at just after 1pm KST (4:00 UTC ) on November...