BitMex turns to Chainalysis to solve legal woes, or at least soften the CFTC’s blow
If you can’t beat ’em, join ’em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC. Go to Source Powered by WPeMatico
Month: January 2021
Yearn proposes “buyback and build” strategy for YFI holders
Instead of receiving dividends, Yearn.finance would buy and redistribute tokens with protocol revenue. Go to Source Powered by WPeMatico
Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million
A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 million at the current price. He has lost the piece of paper on which he wrote his password and now has two guesses left before his device seizes up and encrypts its contents forever. 7,002 Bitcoins Worth … Read more
Another $1 billion wipeout: Why is Bitcoin seeing extreme price moves?
Nearly $1 billion worth of Bitcoin futures contracts have been wiped out once again. Go to Source Powered by WPeMatico
Four cryptocurrency block reward halvings to look out for in 2021
Could block reward halvings scheduled for the coming year prove beneficial for the valuations of these four cryptocurrencies? Go to Source Powered by WPeMatico
Survey: 25% of crypto users not securing assets as well as they think
Although 96% of exchange users utilize some form of 2FA, and 87% of hardware wallet users perform test transactions. Go to Source Powered by WPeMatico
Arxnovum files Bitcoin ETF application with Canadian securities regulators
Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada. Go to Source Powered by WPeMatico
Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million for tax evasion. Scam Involving Fake Cryptocurrency … Read more
ECB president Lagarde renews calls for global regulation of Bitcoin
In a recent interview, Lagarde said that Bitcoin has been used to conduct “funny business” and “totally reprehensible money laundering activity.” Go to Source Powered by WPeMatico
Crypto exchange owner gets 10 years in prison for aiding scammers
The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Go to Source Powered by WPeMatico