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Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers
11.7.2020
Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens. In addition, ten people were arrested while luxury cars and real estate were confiscated. The police in the Chinese city of Wenzhou, Zhejiang province, have cracked...
Comparing Apple to Bitcoin? Crypto Occupies a Class of Its Own
11.7.2020
Is it even fair to compare Bitcoin to younger versions of tech giants like Apple?
DeFi Faces Multiple Challenges On Its Way To Dominate Crypto
11.7.2020
While Bitcoin (BTC) maximalists remain skeptical, many other industry players believe that DeFi, or decentralized finance, is set to become the dominant sector within the cryptoasset industry. Decentralized finance has already been one of the fastest-growing sectors for a couple of years now, while...
DOGETok Jumps, Playgrounds, Presidential Runs and 20 Crypto Jokes
11.7.2020
This week in the Cryptosphere, BTC miners were not selling them coins, and Venezuelan military intercepted a truck full of mining rigs. Chainlink hit an all-time high, and Dogecoin soared as TikTokers attempted to pump it, with Justin Sun joining the scene too, followed by a few exchanges. Cardano...
Crypto Management App Denies Being Hacked
11.7.2020
London-based crypto-financial technology startup denied Sixgill’s claims that its database was stolen by hackers
Japanese Broker Monex Launches Crypto-Based CFDs With 2x Leverage
10.7.2020
The Japanese online securities company Monex has revealed the launch of cryptocurrency-based contract-for-difference (CFD) services that went live on Wednesday. The new derivatives products offered by Monex will include bitcoin, XRP, ether, and bitcoin cash pairs with 2x leverage. Japanese digital...
Ukrainian Hacker Caught Selling Government Databases for Crypto
10.7.2020
A Ukrainian hacker stole data in government databases and attempted to sell it for crypto
Crypto Industry Expresses Cautious Optimism about Coinbase Listing Reports
10.7.2020
Coinbase’s rumored plan to list their shares on a stock exchange appears to have sent crypto industry players buzzing about the potential benefits – and possible pitfalls – of the major crypto exchange going public.
Yesterday, Reuters reported that Coinbase “could pursue the listing later this year...
Price Analysis 7/10: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, CRO, EOS
10.7.2020
As Bitcoin corrected on July 9, altcoin prices dropped but many are holding above their support levels, suggesting the uptrend will resume
Crypto ‘Giveaway’ Scams Continue to Flourish on YouTube
10.7.2020
Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible
A Rare Glimpse Into How Crypto Is Really Used in Venezuela
10.7.2020
After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation
Malaysian Shariah Council Permits Cryptocurrency Investing and Trading
10.7.2020
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that...
How Close Are Russians to Getting Paid in Crypto?
10.7.2020
A business leader and political adviser says that the idea of getting paid in cryptocurrencies is still a long way off in Russia – although other insiders say some “off the record” crypto payments are being paid to employees in the country. And there may be signs that one group of Russian workers...
Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale
10.7.2020
Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can...
New York Court Rejects Bitfinex Appeal Over $850M in Lost Funds
10.7.2020
New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds
Coinbase Plans First-Ever Investor Day Amid Talk It May Go Public
10.7.2020
It’s unclear if the Aug. 14 virtual meeting is related to a rumored plan to take Coinbase public, but such events often presage direct listings
South Korean MP Makes Bid to Impose Capital Gains Tax on Crypto
10.7.2020
Yang Kyung-sook. Source: Twitter, @yangkyungsook
An influential South Korean MP has put forward a private members’ bill that would see crypto taxed under the nation’s capital gains tax laws.
Per Jose Ilbo, Yang Kyung-sook, an MP for the ruling Democratic Party and a member of the National...
Coinbase Eyeing US Stock Market Listing as Early as This Year
10.7.2020
Coinbase Inc is planning a U.S. stock market listing for later this year or early 2021, Reuters reported on Thursday. The plan is subject to approval by the U.S. Securities and Exchange Commission. If successful, Coinbase could become the first major American cryptocurrency exchange to go public....
MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
9.7.2020
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious
Chinese Police Dismantle $14M Crypto Scam
9.7.2020
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million