Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty

Bitcoin Exchange Gatecoin Shuts Down Citing Financial DifficultyHong Kong-based bitcoin exchange Gatecoin has said it is shutting down citing financial difficulty. The exchange suffered a $2 million hack in 2016 and hasn’t been able to recover the funds. However, Gatecoin blames a registered French payment service provider for paralyzing its operations. The payments company allegedly duped the exchange out of an unspecified […]

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Zhao Dong Recounts How He Lost 9,000 BTC

Zhao Dong Recounts Story of 9000 BTC LiquidationFamed Chinese OTC bitcoin trader, Zhao Dong, recently shared the story of how he first entered the bitcoin markets, the losses he incurred, and his views on speculation in the cryptocurrency markets. Also Read: Snowden on Bitcoin: Blasts Public Ledger and Core Developers Zhao Dong’s Rocky Start in the Cryptocurrency Markets Zhao Dong, the founder of […]

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Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 Options

Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 OptionsSouth Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yaffian filed bankruptcy on December […]

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