Quadriga CX Co-Founder Dies Along With $130 Million of Customers’ Funds

Quadriga CX’s co-founder suddenly died in December and along with him so did over $130 million in cryptocurrency belonging to the exchange’s customers. According to the exchange’s Facebook page, Gerald Cotten, co-founder and CEO of QuadrigaCX died due to complications from Crohn’s disease while helping set up an orphanage in India. Unfortunately Cotten was the only one with the password to access over a hundred and thirty million of dollars worth of cryptocurrency which belonged to the platform’s customers. The recent event caused the exchange to halt all operations and apply for creditor protection with the Companies’ Creditors Arrangement Act (CCAA).

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ICO Treasuries Offloaded the Most ETH in November and December This Year

Over the Last Two Months ICO Treasuries Withdrew the Most ETHOver the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($52.4M) in December, surpassing every other month this year. […]

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50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for Blockchain

Chinese Stock Exchanges Investigate Blockchain Companies, Half Fail to Demonstrate DLT ApplicationsAccording to Chinese state media, the Shanghai and Shenzhen stock exchanges have carried out investigations into 30 percent of companies listed on their exchanges that are performing operations pertaining to distributed ledger technology (DLT). Of the companies investigated, less than half were able to demonstrate applications for blockchain technology. Also Read: Chatter Report: Vitalik Doesn’t Believe […]

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Top 5 Crypto Fails of 2018

TheMerkle_Bitcon Failed 20162018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith Protocol Launch While Verge’s major development, the Wraith Protocol, was slated to launch at the tail end of 2017, several delays pushed the actual release of the development into early January of this year. While supporters and speculators were highly anxious to see the actualities of

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46% of Last Year’s ICOs Have Failed Already

46% of Last Year’s ICOs Have Failed AlreadyIt has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a […]

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