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Huobi CEO Announces 100 Million RMB to Compensate WAX Investors

Huobi CEO Li Lin said on Tuesday that he will use 100 million CNY to compensate users for their investment losses in the WAX project.  Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders A Pump-and-Dump Incident Huobi.pro launched an ICO token, WAX, on December 20. The opening price of the token was … Read more

EU Central Banker: “Stop Calling the Bitcoin a Coin”

European Union central bankers are becoming increasingly vocal on the subject of the world’s most popular cryptocurrency, bitcoin. Its precipitous price increase this year seems to coincide with wide-ranging statements, including the digital asset’s threat or lack thereof. Recently, the governor of the National Bank of Belgium (NBB) explained that more people should be warned … Read more

Israeli Regulator Investigating Public “Bitcoin” Company for False Claims

Bitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some … Read more

How a 2014 Bitcoin Project Will Pay an Alaskan Schoolgirl’s College

In 2014, a schoolgirl decided to do her class project on bitcoin. As part of her presentation, she distributed 30 paper wallets containing BTC to her classmates. Three years later and half of her peers still have their wallets, with some planning to use the windfall to help pay for college. The girl at the … Read more

Russia Unveils Proposed Regulation Putting Limits on ICOs and Investors

The Russian finance ministry has unveiled its proposals for the regulation of initial coin offerings (ICOs) in the upcoming bill to be submitted this week. They include the maximum amount an ICO can raise as well as an investment limit for unqualified investors. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and … Read more

Russian Reports say Crypto Entrepreneur Pavel Lerner Kidnapped in Kiev

Russian programmer and cryptocurrency investor Pavel Lerner has been kidnapped in Kiev, according to Ukrainian and Russian media reports. He is the managing director of Exmo, a major UK-based exchange popular with Russians for accepting ruble payments. Lerner is also well known in Ukraine where he has startups dealing with mining operations and blockchain technology … Read more

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