Month: January 2020

COSS Suddenly Suspends all Functionality for 3 to 4 Weeks

by

When exchanges freeze withdrawals and trading, there is a genuine cause for concern. If that unavailability lasts for several weeks, something is often amiss. In the case of COSS, everything is going just according to plan.  Strange Behavior by COSS Earlier today, the exchange suddenly became virtually useless. In the email, it was confirmed that … Read more

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

by

Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in … Read more

Kraken Reveals 49% Increase in Law Enforcement Investigations

by

The publication of crypto exchange Kraken’s 2019 Transparency Report has provoked discussion about the scale of government surveillance. According to the report, Kraken received 710 requests last year (or two per day), impacting approximately 1,222 accounts. The report provides further evidence that exchanges are coming under intense scrutiny as global governments get tough on crypto. … Read more

Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site

by

The team behind one of the most active tokens in the SLP ecosystem is launching a crowd sale to fund the development of a new sports betting site. The platform will require no identification from either users or investors, and will pay dividends directly in bitcoin cash and a number of supported SLP tokens. Also … Read more

Coinbase Works Just Fine in Germany Despite not Openly Supporting the Region

by

Germany is widely considered to be a crucial region for cryptocurrencies. Unfortunately, local regulation makes it an unappealing country for crypto service providers. For years now, a rumor has persisted as to how Coinbase is not accessible in Germany. Time to end the Coinbase in Germany FUD The truth is often very different, as this … Read more

Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn

by

Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at the bitcoin mining colossus, one of which claimed poor financial performance of … Read more