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Whale Rakes in USD 9 Million as Bitcoin Market Slides

17.2.2020
Source: iStock/Marie-Elizabeth Mali After a highly volatile weekend in the bitcoin (BTC) market, news came out on Sunday that a large trader on the popular crypto exchange Bitfinex may have raked in USD 9 million in a matter of minutes as the BTC price dropped. Judging from a screenshot of...

Troubled FCoin Goes Bust Leaving Up to USD 116 Million in Limbo

17.2.2020
Source: iStock/Lisa-Blue Troubled Chinese crypto exchange FCoin expects that "the scale of non-payment is between 7000-13000 BTC" (USD 62.5 million - USD 116 million) after it run into troubles last week. As reported, on February 12, the exchange stated that they lost "contact of key personnel...

IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt

14.2.2020
On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found...

BlockFi Pools in $30 Million to Expand Operations

14.2.2020
BlockFi, the highly acclaimed New York-based lending platform, has announced that it has pooled in a whopping sum of $30 million in a Series B funding round. The new funds pooling round was followed by an $18.3 million Series A funding round organized in August. According to the latest reports,...

$118 Million of Plustoken BTC on the Move Again – New Dump Incoming?

11.2.2020
Plustoken’s stash of bitcoin is on the move again. The haul of ill-gotten gains, amassed during a long-running Ponzi scheme that accrued 187,000 BTC, has been sporadically liquidated, impacting the market price of bitcoin in the process. At 2:46 a.m. today, a known Plustoken address moved...

Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos

7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....

Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin

7.2.2020
Billionaire investor Warren Buffett received his first bitcoin and several other cryptocurrencies during a dinner with five cryptocurrency advocates, led by Justin Sun who spent $4.57 million to secure a meal with the multi-billionaire. They discussed a number of topics, including whether Tesla...

Kyber Network Expects to Surpass USD 500 million in Volume This Year

6.2.2020
Kyber Network (KNC), an open-source, on-chain liquidity protocol, expects to facilitate over USD 500 million in transaction volume in 2020, or 29% more than last year, Loi Luu, CEO and Co-Founder of Kyber Network, told Cryptonews.com. According to the CEO, Kyber facilitated USD 70 million worth...

US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks

4.2.2020
The U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative...

IRS Explains What Crypto Owners Must Know to File Taxes This Year

2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...

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