Crypto markets are in turmoil. A “Black Swan” has flown in from New York, where the local Attorney General’s office has revealed that, “iFinex, the operator of both Bitfinex and Tether Limited (the firm behind USDT), had come under legal pressure from a key U.S. legal entity.” An alleged fraud of $850 million is the…
Read more
The Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) have recently issued a warning for investors against fraudulent websites purporting to manage trading and businesses advisory. Essentially, the warning is targeted at cryptocurrency investors who need to be extremely cautious when investing in any cryptocurrency or crypto-related business. The warning was issued on…
Read more
Blockchain is literally used in every industry and sector now. If a company knows how to add value through blockchain, then it surely do so given the advantages that the technology offers. The latest of the corporate giants to be eyeing blockchain is the cigarette and tobacco manufacturing company Philip Morris. As reported by press,…
Read more
Crypto analysts of late have been pumping out grandiose predictions for how high Bitcoin could go in the near term, but the overwhelming majority of these claims are based on technical charts alone, with an occasional reference to significant events that are also transpiring in the crypto marketplace. The latest consensus is that $6,000 will…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
Despite the fact that the cryptocurrency market is up and going in 2019, Ripple has not had a very bright start of the year. The thing is that Ripple has not managed to increase its value to a support level of $0.32 and has declined massively against the USD and BTC. According to analysts, the…
Read more