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Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
10.7.2020
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after...
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
10.7.2020
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....
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....
ModiHost’s Token Is Live on HitBTC, the Leading European Bitcoin Exchange
9.7.2020
Switzerland, July 9th 2020 – ModiHost, a hotel management system that uses artificial intelligence to deliver personalised experiences to hotel guests, is proud to announce that its token is live for trading on the HitBTC exchange starting from Thursday 9th. HitBTC was founded in the early...
A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
6.7.2020
Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies...
Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement
6.7.2020
An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK’s National Crime Agency (NCA), Europol, Eurojust, and several...
Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
3.7.2020
Arcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm. Vertical Ventures will buy Arcane Crypto for $33 million by issuing over 6.6 billion new shares. Each share cost $0.005...
Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020
1.7.2020
The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday...
Leveraged Tokens Soon Available on the Bitcoin.com Exchange
24.6.2020
Four new tokens by Amun will be listed on the Bitcoin.com Exchange this Thursday. Amun is a leading crypto technology company that builds tokens to make purchasing crypto more accessible, safe, and efficient. You have the chance to trade these tokens for free on the Bitcoin.com Exchange from...
83% of Bitcoin Addresses Currently Profitable, Says Glassnode
24.6.2020
At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable...
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”...
Why Bitcoin Suddenly Dropped 6% on Thursday
12.6.2020
The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday. Here's three likely reasons why
Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction
11.6.2020
History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees....
WATCH: US Lawmakers Will Talk Digital Dollar, FedAccounts in Thursday Hearing
11.6.2020
The “digital dollar” concept will take the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds
Bull Run Imminent? Hodl Waves Chart Shows 60% of Bitcoin Hasn’t Moved in a Year
27.5.2020
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t...
Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving
22.5.2020
Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later,...
Hyperblock Bitcoin Mining Servers and Datacenter Infrastructure to Be Auctioned off in Public Sale
20.5.2020
Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased...
P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise
16.5.2020
During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela...
Visa Files Patent for Cryptocurrency System to Replace Cash
15.5.2020
Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. Visa’s Cryptocurrency Patent Filing The United...
Bitwala Launches Bitcoin Interest Account With up to 4.3% Annual Rate
15.5.2020
Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank. According to the Berlin-based company, account...