The story of Facebook's Libra and Mark Zuckerberg's "relationship" with the US Congress has reached new levels. The much awaited cryptocurrency called Libra might not be launched after all in 2019, as Facebook cannot get the approval of regulatory bodies yet. The European Union also expressed great concerns over the launch of such a global…
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Justin Sun, the CEO of BitTorrent, won a bid to have lunch with the Wizard of Omaha, Warren Buffet. The bid price? $4.6 million! As Leaprate reported, Warren Buffett is known for holding auctions for various charitable causes. The billionaire investor has also commented several times that he does not believe in the merits of cryptocurrencies,…
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Victims of the Mt. Gox debacle have become accustomed to delays, but as we reported last April, there were hints that a “rehabilitation plan”, as it is called, was in the process of finalization. Payments would surely commence sometime within this year. The trustee, unfortunately, could not comply by the October 31 deadline date and…
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The Bakkt crypto exchange has been up and running for well over a month now, and although its opening was more subdued that most Bitcoin enthusiasts would have liked, it is beginning to pick up steam with its institutional clients. Jeffrey Sprecher, the CEO for the Intercontinental Exchange (ICE), the owner and operator of the…
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FTX, a cryptocurrency derivatives exchange owned by Alameda Research, is facing a $150 million lawsuit over deceptive market manipulation tactics on the Binance exchange, while also being accused of selling unlicensed securities in the U.S. The plaintiff, Bitcoin Manipulation Abatement LLC, is already making a name for itself, due to this litigation, which demands $150…
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Fortex Technologies, Inc., a global provider of multi-asset trading solutions, has just announced that it has included a Cryptocurrency NDF offering and an institutional platform for digital assets and cryptocurrencies. LeapRate reminds that last year the company added Cryptocurrency CFD offering to the Fortex platform. The launch included CFDs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin,…
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Conservative investment advisors are of a different breed, especially when it comes to appraising the merits of cryptocurrencies. This part of the institutional investor arena will generally be the last ones to come to the crypto party, but not everyone of this genre is solidly in this “stay-away” camp. One of these contrary fellows is…
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Crypto investors are always confronted with the daunting task of how do I safeguard my digital assets. I can trust my exchange and hope that a compromise will not rob me of my funds. I can also choose to have an offline wallet, which will house my private “keys”, but then I need to keep…
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A lot has changed in global commerce in 75 years, but there is one thing that has not – the dependence of global trade on the U.S. Dollar. As World War II was ending, one monumental meeting resulted in the formation of the World Bank, the International Monetary Fund, and the establishment of the U.S.…
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The largest Ponzi scheme in the crypto world, as Leaprate reported not long ago, is OneCoin. While there are many fake ICOs, OneCoin stands out as the largest one - defrauding the global economy of approximately $4 billion in under 5 years. While the founder, Ruja Ignatova, and her brother are the main "heroes" of…
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