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A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
Cryptocurrency markets are seeing some gains today as most digital assets are up over the past 24-hours between 3-15 percent. Bitcoin Cash (BCH) values spiked considerably during the day’s trading sessions on May 5 touching a high of $1,740 per BCH. At the time of publication, the price of BCH is hovering around $1,720 per … Read more
Investors in India are flocking to trade cryptocurrencies before the ban order by the Reserve Bank of India takes effect. There is a positive sentiment in the local crypto community that the Indian government will not outright ban crypto trading. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Investors Rush to Get Into Crypto … Read more
Kucoin exchange has devised a novel way of dealing with underperforming tokens. Rather than delist them, or leave them to die a slow death, it will send them to a “special treatment area”. Once placed on the token equivalent of the naughty step, they will be given a chance to buck up or risk being … Read more
In 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 … Read more
The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors. Also Read: Bitcoin … Read more
London Block Exchange has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) among its cryptocurrency offerings. The platform dedicated to the UK market now trades six cryptocurrencies against the GBP. LBX opened with OTC trades in November and promised to add multiple new coins in the future. The exchange also offers on-shore UK banking. Also … Read more
The Japanese financial regulator has confirmed that so far eight companies have expressed the intention to withdraw their applications to operate cryptocurrency exchanges. Meanwhile, about 100 more companies are seeking to enter the market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FSA Confirms Eight Want Out The Japanese Financial Services Agency (FSA) held … Read more
India’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Repayment Delayed Indian exchange … Read more
Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero … Read more
