Mercado Livre Bans Cryptocurrency Listings Following $750 Million Investment From Paypal

Cryptocurrency listings have been prohibited from publication on Mercado Livre, also known as Free Market, following a $750 million investment into the platform from Paypal. Just prior to the announcement, more than 10,000 listings relating to virtual currencies were identified on the platform. Also Read: Why Africa Continues to Lag Behind in Cryptocurrency Adoption Latin […]

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Tel Aviv Court Gives Moshe Hogeg 30 Days to Settle $4M Lawsuit

Moshe Hogeg, the co-founder and chairman of venture capital investment fund Singulariteam, and the alleged head of Stox Technologies, has been given 30 days to settle with a Chinese investor. The disgruntled investor has brought a 17 million Israeli new shekels (approximately $4.23 million) lawsuit against Hogeg for allegedly misappropriating several million dollars worth of […]

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Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone Awry

Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone AwryMarket making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $2 million from a $4 million BTC transaction in which she acted as an escrow. Also Read: In the Daily: Bitcoin Begging, NEM Foundation Fights to Survive, Huobi Prime GSR Markets Sues Lawyer Over […]

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Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. […]

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Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency

According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than […]

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Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized

Regulations Round-Up: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets SeizedIn recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point, […]

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Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Student Faces Charges for Stealing $5 Million in Crypto via "SIM Jacking"Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.” Also Read: Archaeologists Argue Micronesian […]

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Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners

Mining Round-Up: Sky Mining CEO Flees With $35 Million, Texas Attracts MinersIn recent mining news, it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain will open a mining facility […]

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Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March

Exchanges Round-Up: CME Volume Doubles in Q2, Lawyer Predicts SEC Delays ETF Until MarchIn recent news pertaining to cryptocurrency exchanges, Chicago Mercantile Exchange (CME) has revealed that trading volume on its bitcoin futures markets nearly doubled during Q2; lawyer Jake Chervinsky has predicted that the United States Securities and Exchange Commission (SEC) may postpone its determinations regarding Vaneck’s proposed bitcoin exchange-traded fund (ETF) until March 2019; and Bitmex […]

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Novogratz’ Galaxy Digital Leads $52.5 Million Blockfi Fundraiser

Novogratz’ Galaxy Digital Leads $52.5 Million Blockfi FundraiserGalaxy Digital, a merchant bank founded by famed bitcoin investor and president of the Fortress Investment Group, Michael Novogratz, has led a $52.5 million investment round for cryptocurrency-backed USD lending platform, Blockfi. Also Read: Coinbase Now Offers Crypto currency Gift Cards in Europe and Australia Novogratz’ Galaxy Digital Leads $52.5 Mn Fundraiser for Crypto-Backed Lending Platform In […]

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