The Cyprus Securities and Exchange Commission (CySEC) has informed the public that it has decided to impose an administrative fine of €30.000 to the company AIFM Bluehouse Investment Advisors Ltd. The fine has been imposed for non compliance with section 16(1) of the Alternative Investment Fund Managers Law of 2013, as in force, as the…
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BCause LLC, a cryptocurrency mining operation in Virginia Beach that converted to being a mining server farm supporting other mining operations, is seeking the protection of the bankruptcy court under Chapter 11. Its mining subsidiary, BCause Mining LLC, is also named in the court filings. According to legal filings of its two major creditors, BCause…
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B2B advisory and technology firm Alpima has just announced that it has added Matt Johnson as Managing to its team as Director of Sales. Matt Johnson will be reporting directly to IIan Heiman. Prior to Alpima, he used to work for CoinShares, where he was Head of Sales. Previously, Johnson worked in a number of senior…
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Japan’s technology company SoftBank Group Corp (TYO:9984) has announced that it will invest €900 million in Wirecard (ETR:WDI), the German digital payments company. SoftBank will buy 5-year Wirecard bonds that can convert into an equity stake. The Japanese company stated that the bonds will convert into a 5.6% stake in Wirecard at a price of…
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During the TIME 100 summit in New York, Apple (NASDAQ:AAPL) CEO Tim Cook has called for government regulation to protect data privacy, stating that without regulation, technology has caused “great damage to society”. We all have to be intellectually honest, and we have to admit that what we're doing isn't working," commented Cook, in an…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Accent Markets Group Inc. Accent Markets Group Inc is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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HBUS, the operator of the U.S.-based digital asset marketplace Huobi.com, has just announced its latest listing of Cardano (ADA) and Nebulas (NAS) with BTC, ETH, and USDT trading pairs. Deposits for Cardano and Nebulas will open on April 24, 2019 at 12:00am PST with trading and withdrawal set to commence on April 25, 2019 at…
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The Mt. Gox tragedy continues along its slow and dreary trail. Some 24,000 creditors are awaiting any kind of announcement that a possible distribution of recovered proceeds could occur in the not too distant future. The bankruptcy trustee has recovered $400 million by selling remaining Bitcoins during the 2017 to 2018 time period, but the…
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The largest US cryptocurrency exchange, Coinbase, is closing its Chicago office and scales down the development of its matching engine. The news comes from Fortune Magazine. The Chicago office of Coinbase was actually opened in 2018, as the company considered this to be a great move to tap into the city's great financial positioning, as…
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Samsung, the South Korean electronics giant, is reported to be developing its very own blockchain network on Ethereum and also considering the opportunity to launch its very own Samsung Coin in due course. According to press, the blockchain team that is developing the blockchain mainnet based on Ethereum is part of the wireless division of…
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