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Major Korean crypto exchange seized after 99% trading volume allegedly faked
26.8.2020
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won
Crypto Exchanges as Competitive as Google, JPMorgan, the Fed - Report
26.8.2020
Business is booming for crypto exchanges, per a new report, which claims that the industry is becoming as competitive as tech giants, major banks – and even the American central bank.
These were the findings of a paper from Coin Metrics, whose authors wrote,
“The crypto industry, and exchanges...
Industry ‘Under Threat’ as South Korean Police Raid Crypto Exchange
26.8.2020
Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation.
The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders...
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure
26.8.2020
The new tool comes as the IRS is sending more letters to crypto investors
Up To 50% Yielding Crypto Bond By Minereum Is Now Live
26.8.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Minereum, the first self-mining smart contract, has launched its first Crypto Bond in the DeFi space. The Minereum Crypto Bond is a blockchain smart contract with traditional bond functionalities and offers up...
Crypto Exchange Coincheck to Launch Japan’s First IEO
26.8.2020
Major Japanese crypto exchange Coincheck aims to launch its first Initial Exchange Offering project for Hash Palette, a content distribution platform for Japanese comic and graphic novels, anime and music by next March
Crypto and Fintech Investor Ribbit Capital Files to Raise $350M for ‘Blank Check’ IPO
26.8.2020
JPMorgan is the sole bookrunner. Full story to come
Bitcoin and Fiat Most Donated as NGOs ‘Dip Their Toes’ in Crypto - BitGive
26.8.2020
With COVID-19 relief becoming a major necessity in the long string of causes people are fighting for, the world of philanthropy is set to benefit from the increased transparency of bitcoin (BTC) and cryptocurrency donations - with BTC and fiat remaining the most popular currencies to donate on...
FTX crypto exchange acquires Blockfolio for $150 million, set to create ‘New trading experience’
26.8.2020
FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again
26.8.2020
Less than a year has passed since the IRS first sent taxpayers cryptocurrency "soft letters."
Waterloo residents have lost $430k to crypto scams this year
25.8.2020
Bitcoin scammers have thus far proven to be unstoppable in Canada
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
25.8.2020
Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history
Riot Blockchain Buys 8,000 of Bitmain’s Latest Bitcoin Miners, Company Targets 1.5 EH/s by 2021
25.8.2020
Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight...
Lazarus is attacking the crypto industry via LinkedIn, warns F-Secure
25.8.2020
Careful! Those job offers you’re seeing on LinkedIn might actually be a crypto attack
Analysts Predict US Presidential Election Outcome Could Collapse Dollar, Boost Bitcoin and Gold
25.8.2020
Analysts have predicted a bearish outlook for the U.S. dollar as the country’s 2020 presidential election approaches. One analyst says gold will correct with Donald Trump’s victory followed by the collapse of the U.S. dollar. Bitcoin, on the other hand, stands to gain from the election....
North Korean Hacker Group Targeted Crypto Firm Using LinkedIn Ad: Cybersecurity Report
25.8.2020
According to a report by F-secure, a Finland-based cybersecurity company, hackers from the infamous Lazarus group targeted a crypto firm in an attack last year
Increase Your Profit Potential With Margin Trading
25.8.2020
Spot trading is a popular way for investors to access the crypto market in a straightforward manner. It’s mainly fiat-to-crypto trading, as well as crypto-to-crypto trading. It’s simple, you get a crypto wallet, you buy a token with fiat currencies, and then once the price...
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
25.8.2020
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform....