Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for Court

Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for CourtWhen cryptocurrency exchanges fail, a seismic shock shudders through the cryptosphere. With thousands of users, from traders to companies, left out of pocket, litigation is inevitable in a bid to claw back some of the losses. Cryptopia is the latest in a long line of exchanges to face a litany of lawsuits from anguished creditors. […]

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Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency

Italian Court Orders Bitgrail Founder Firano to Refund $170M of 'Missing' CryptocurrencyAn Italian court has ruled that Francesco Firano, founder of defunct cryptocurrency exchange Bitgrail, was at fault for the disappearance of $170 million worth of the nano digital currency on his exchange last year. Firano, who called himself “The Bomber,” is now “required to return as much of the assets to his customers as possible. Also […]

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Real-World Adoption of Cryptos Is Steadily Rising Despite Volatility: Coinbase CEO

Real-world adoption of cryptos is steadily rising, but they are still a long way from becoming a mainstream payment method. Brian Armstrong, the CEO of Coinbase, believes that cryptos and blockchain technology are at the same stage that the internet was at in the early 2000s and that despite the steady growth, people’s expectations are […]

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Bitcoin Price Watch: Currency Spikes by $200

At press time, the father of cryptocurrencies is sitting at $6,700, roughly $200 higher than where it has been over the last 72 hours. This is a positive sign that perhaps the effects of both the Coinrail hack and the CFTC subpoenas are wearing off, and bitcoin is once again headed for the top, though […]

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Hacked BitGrail Exchange Has Its Bitcoin Wallets Seized by the Court of Florence

It seems the BitGrail drama is far from over at this point. While an official court case is underway, it remains doubtful that users who suffered as a result of the Nano hack will ever see their money returned. To make matters even more interesting, it seems the Court of Florence has confiscated all Bitcoins […]

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Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming

Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still FumingEmbattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole.   Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite […]

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Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt

Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds HaltEarlier this month, Bitgrail’s principal Franceso Firano attempted to reopen the Italian cryptocurrency exchange after $170 million in losses and during their legal sorting out. An inside job or software hack, that hasn’t had an official determination, and fingers are still pointing between the exchange’s charismatic operator and crypto devs. International heavy law firm Bonelli […]

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Bitcoin in Brief Thursday: Crypto Traders in Troubled Waters

Bitcoin in Brief Thursday: Crypto Traders in Troubled WatersIn today’s Bitcoin in Brief – crypto traders are in trouble due to issues with the trading platforms they have trusted. Hacked Italian Bitgrail exchange is closed again after a brief reopening. It suspended operations on request from the court of Florence, following a petition  filed on behalf of one of its creditors. Also, beleaguered […]

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Bitgrail to Refund Hack Victims with Newly Created BGS Tokens

Bitgrail to Refund Hack Victims with Newly Created BGS TokensBitgrail has denied responsibility for the recent hack that saw the theft of 17 million XRB, or Nano, in comments made in a Telegram group for victims of the hack. Despite rejecting responsibility for the incident, the exchange states that it will “voluntarily” refund users through the creation and issuance of BGS tokens. Also Read:Three […]

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