Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Anyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: The … Read more

Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity”

Bitpico, a controversial mischief-maker within the world of bitcoin, has allegedly rage-quit BTC altogether. The pseudonymous entity, who has previously caught attention for stress-testing the Bitcoin Cash network and trying to keep Segwit2x alive, has now reportedly washed his hands of Bitcoin core altogether. There remains the possibility, however, that it’s merely the latest publicity … Read more

South Korea’s Largest Bitcoin Exchange Passes Government Audit With Flying Colors

South Korea’s cryptocurrency situation is slowly becoming a lot more clear. Despite initial concerns regarding the Upbit exchange’s investigation, the company successfully passed an audit by local financial authorities. There is no proof of any wrongdoings, and Upbit was not involved in any trading manipulation. Upbit Receives the Green Light It is good to hear … Read more

Canaan Creative Launches the First-Ever Bitcoin Mining TV Set

Chinese crypto mining hardware manufacturer Canaan Creative has announced the launch of the world’s first-ever Bitcoin mining television set. The Beijing-based company believes the new television set will be in high demand as crypto miners seek to leverage its advanced technology and explore new crypto mining avenues. Known as the AvalonMiner Inside, the television set … Read more

‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help

South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

Ready, Set, Go: New Solutions Seek to Leverage and Extend Blockchains for Enterprise

The wide array of proof-of-concept blockchain projects is not addressing the need to evolve the entire blockchain, which would enable not only mainstream adoption but enterprise usage as well. New distributed app frameworks are being developed to solve this problem. Blockchain Is Mostly Early Stage Among the top cryptocurrencies and industry-leading blockchain companies, most blockchain … Read more

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer

In this week’s daily editions of Bitcoin in Brief we reported about China hiring a cryptographer, McDonald’s unveiling Maccoin, Bitmain getting richer and much more. The most commented-on article during the week covered Paul Krugman’s new attack on the idea of cryptocurrency on the pages of The New York Times. Also Read: $37 Million of … Read more