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It seems the BitGrail debacle has not calmed down in the slightest. Even though one had assumed this exchange would be out of commission for the foreseeable future, things have a way of turning out differently than expected. It now seems BitGrail may relaunch in the near future and even launch a new native token known as … Read more
2018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith … Read more
In the time it takes you to read this sentence, $850 will have been lost to cryptocurrency scams. In the time it takes to complete this article, that figure will have risen to $17,000. Phishing; fraud; theft; hacking; it’s all rife. In the first two months of 2018, there were 22 separate scams involving thefts … Read more
All of the drama surrounding the BitGrail exchange is far from over, by the look of things. It seems the exchange operator, an individual known as Francesco the Bomber, is not too sure about how things should proceed. His recent Twitter poll has certainly sparked a lot of debate and concern over the alleged hack … Read more
Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are … Read more
It has become evident that some things are not adding up for the BitGrail exchange. Not too long ago, the company made an unpopular decision to shut down the service for all users outside the EU without much in the way of prior warning. Earlier this week, the company allegedly lost US$170 million worth of … Read more
Bitgrail, an exchange whose primary purpose was to facilitate the trading of nano, has folded after ‘losing’ 17 million XRB, valued at around $170 million. The Italian exchange had been offline for weeks, and its customers feared the worst. Today, its operator “Francesco The Bomber” confirmed the bad news, which gained short shrift from the … Read more
Things are not looking all that great for the BitGrail service right now. As the company is being forced to verify users’ identities, they have a lot on their plate. Moreover, it seems they will only verify the identities of their European users. It is a bit unclear what this means for the company as … Read more
