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Compound ‘5x Overvalued’ as COMP Farming Accounts for 88% of Its Assets
13.7.2020
Researchers claim that the Compound token is at least five-fold overvalued as over 88% of its $1 billion book is lent to liquidity miners
Dogecoin Margin Trading and Saving Accounts Now on OKEx
9.7.2020
The announcement follows a Dogecoin marketing campaign that caused the coin’s price to surge 124% in two days
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts
2.7.2020
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts....
Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe
25.6.2020
Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations...
New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator
23.6.2020
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...
Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist
22.6.2020
Wirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9 billion ($2.1 billion) missing from its accounts may not exist. CEO Markus Braun resigned on June 19, after nearly 20 years at the helm. James Freis has been appointed interim chief executive,...
Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%
19.6.2020
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious”...
Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC
18.6.2020
A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well...
5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
15.6.2020
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen...
Chinese Banks Says They Will Not Freeze Legal Crypto Accounts
14.6.2020
Chinese banks are clarifying that they are not shutting down any legal crypto accounts
Whales Make Waves, Super Heroes Rise, and Bank Accounts Freeze: Bad Crypto News of the Week
13.6.2020
Check out this week’s Bad Crypto podcast
Tiny Tax Haven Accounts for $36B of Cross-Border BTC Transactions
12.6.2020
Seychelles-based exchanges moved $36 billion worth of Bitcoin across international borders in 2019
4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
10.6.2020
About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement
Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins
10.6.2020
A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...
Chinese Police Freezing OTC Traders’ Bank Accounts Over ‘Tainted’ Crypto Transactions
8.6.2020
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets
Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN Expert
5.6.2020
Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues a UN expert
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
Kingdom Trust Partners With Kraken to Offer Hybrid Crypto-Fiat Retirement Accounts
27.5.2020
South Dakota's Kingdom Trust is teaming with Kraken to offer a retirement savings platform where users can manage stocks, ETFs and crypto in one account
RBI Says No Restrictions on Banks Providing Accounts to Crypto Traders
26.5.2020
RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business