Amidst Mixed Price Action, Half of Top Ten Cryptos See Green
Crypto markets are seeing a mix of red and green, with 10 out of top 20 coins by market cap growing by less than 2 percent each Go to Source Powered by WPeMatico
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Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu
News service Coinness claims that crypto platform TRON is about to partner with China’s Internet giant Baidu, citing private correspondence with the former’s team Go to Source Powered by WPeMatico
Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms
A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could … Read more
Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm
A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of … Read more
South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter … Read more
Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco
Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last month. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
Bitcoin Price Watch: Currency Is Trapped Between Altcoins and Stocks
At press time, the father of cryptocurrency is remaining in the $6,200 range. The price is down by roughly $300 since Wednesday, when bitcoin had seemingly found longstanding comfort in the $6,500 range. Bitcoin had remained here for several days, though the latest fall was probably to be expected considering the recent (and hefty) drop … Read more
Ex-Coinbase Executive Adam White Joins ICE’s Crypto Platform Bakkt, Sources Say
Coinbase’s veteran executive is now reportedly joining the Intercontinental Exchange’s crypto trading platform Bakkt Go to Source Powered by WPeMatico
Micropayments: Bringing Cryptocurrencies Into Everyday Life
The following post about micropayments was written by Dmytro Spilka. He is the CEO at Solvid and founder of Pridicto, a web analytics startup that uses AI and Machine Learning to forecast web traffic, monitor vital metrics, and set visual traffic aims. Cryptocurrencies may have assumed the role of the quintessential water cooler topic over recent … Read more
FinCEN Lambasts Iran’s ‘Illicit and Malign’ Use of Crypto to Evade Sanctions
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions Go to Source Powered by WPeMatico