Many argue that online exchanges are a rip-off for users, especially when fees range anywhere from 1% to 8%. Coinbase, one of the world’s most popular digital wallets, overcharged thousands of dollars its customers instead of just taking the normal transaction fee. It recently came clear that the overcharging happened due to a bug linked…
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The fight against cryptocurrency and blockchain fraud continues... The U.S. Securities and Exchange Commission today announced it has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc (OTCMKTS:CHIT), PDX PARTNERS…
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Block.one, creators of the EOS.io blockchain, today announced a collaboration with Bancor to simplify token creation and exchange. EOS.io is an open-source platform designed to support Decentralized Autonomous Communities (DACs) and allow for the mainstream adoption of blockchain technology, while the Bancor Protocol enables users to easily convert between tokens. Through this collaboration, the Bancor…
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Offering the first payment gateway using cryptocurrency supported by gold, Puregold.io just announced that it has entered into a partnership with Business Operating System (BOS) pioneer Orca. Puregold's ICO is now live, and is offering a 10% bonus. Orca, an easy-to-use, intelligent BOS based in Singapore and Malaysia, is used in food and beverage (F&B)…
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The Ontario Securities Commission (OSC) has warned investors that USI Tech Limited (USI Tech), Eleanor Parker and Casey Combden are not registered to sell securities in Ontario. USI Tech, Ms. Parker and Mr. Combden appear to be involved in a multilevel marketing scheme that targets Ontario investors and encourages them to purchase bitcoin packages. We…
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The Commodity Futures Trading Commission (CFTC) has issued a Customer Protection Advisory that warns customers to beware of and avoid pump-and-dump schemes that can occur in thinly traded or new “alternative” virtual currencies, digital coins or tokens. As with many online frauds, this type of scam is not new - it simply deploys an emerging…
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Western Union has recently came with a statement that the financial institution is seriously thinking about implementing Ripple within its systems. The experiment will start for basic money transactions and eventually evolve to capital optimization help. According to press, Ripple is becoming the front runner of most used digital currencies in the banking sector, which…
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Bitcoin marketplaces pioneer Paymium announced that it has launched Blockchain.io, the new European cryptocurrency trading platform. Created in 2011, Paymium is also the first "exchange" which is compliant with the requirements of the European regulations on payment service providers. By creating Blockchain.io, Paymium wants to offer new investors a bridge between the different blockchains where…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced the settlement of the February expiry Cboe bitcoin (XBT) futures, the second contract settlement conducted since its launch in December. The settlement price was $9,195.00, as determined by the 4:00 p.m. ET Gemini1 Exchange bitcoin auction. Cboe bitcoin futures, the first regulated futures of their kind, launched…
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While IBM is currently discussing the possibility of Blockchain being in use for the US government, the alcohol industry is not far away either. One of the most innovative uses of the technology is going to be introduced by the virtual bar and start-up QYK. The company's project plans to implement the technology in such a…
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