Bitcoin Lawsuit: Lawyers Accuse Craig Wright of Forgery, Can’t Locate Former Nchain CEO

Bitcoin Lawsuit: Lawyers Accuse Craig Wright of Forgery, Can’t Locate Former Nchain CEOThe Kleiman v. Wright lawsuit in Florida continues to unravel as the plaintiff’s law firm has accused Craig Wright of forging documents that allegedly stemmed from the mysterious bonded courier. Kleiman’s attorney has scheduled a few more depositions with people like Wright’s wife and London Books author Andrew O’Hagan. Kleiman’s legal team also wants to […]

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Currency.com Accused of Exploiting KYC to Withhold Customer Funds

Currency.com Accused of Exploiting KYC to Withhold Customer FundsKnow Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden of proof. An investigation by news.Bitcoin.com suggests that […]

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Coinbase Users Keep Their Funds on the Exchange for far too Long

coinbase logoThe concept of buying cryptocurrency and storing it on exchanges has been problematic for some time now. A recent chart shared on Twitter shows hat Coinbase users keep funds on the platform for far too long. It is convenient when an exchange also lets users store funds on the platform. Coinbase Users Need to Wake Up  Especially for novice users, this seems like a logical approach. In reality, it is one of the worst things anyone can do. Funds stored on an exchange or other trading platform is not the property of the buyer or trader. While it is linked

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French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

French Businessman Detained for Stealing €1.2 Million in Crypto From His PartnersAn investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. Also read: Russia’s Supreme Court Recognizes Tokens as Assets […]

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SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition

SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor DefinitionThe U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes, a person can qualify based on professional knowledge, experience, or certifications. Also read: Lagarde Sees […]

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Almost 70 Crypto Funds Close This Year, Twice as Many Launch

Almost 70 Crypto Funds Close This Year, Twice as Many LaunchDozens of crypto funds, almost 70, have closed this year, a mainstream media outlet reported. And while the startling number reveals the influx of institutional investors into the crypto space might not be happening at a fast pace, it’s also worth noting that crypto fund launches are projected to reach 140 by the end of […]

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BitOrb Exchange Raises $6.4 Million

BitOrb Exchange Raises $6.4 MillionThe BitOrb Exchange has successfully secured its funding round, raising a total of USD 6.4m. The round was led by the W-Rex Algo Trading Platform a product of the Wota Group.Additionally, the Wota Group will act as a strategic partner and help the BitOrb Exchange grow its network of traders, user acquisition and advise on other key strategic decisions.

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Diversified Crypto Fund Receives FINRA Regulatory Approval

Diversified Crypto Fund Receives FINRA Regulatory ApprovalGrayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss […]

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United Nations Agency Unicef Launches Cryptocurrency Fund

United Nations Agency Unicef Launches Cryptocurrency FundUnicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide. Also read: RBI Ban Stops Indian Police From Cashing Out Seized Crypto […]

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