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The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the […]
The post Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders appeared first on Bitcoin News.
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Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police Amid Nationwide Crackdown According to an announcement published by CEO Global, […]
The post Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders appeared first on Bitcoin News.
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A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which was reportedly obtained after a breach of MTI internal systems, shows that the investment company is “entirely structured […]
The post Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations appeared first on Bitcoin News.
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The co-founders of Stripe, brothers Patrick and John Collison, recently discussed the company’s decision to no longer support bitcoin payments, and expressed a willingness to reverse this decision in future. Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty Declining Use of BTC as Means of Payment In a recent interview with Bloomberg, Stripe co-founders […]
The post Stripe Founders Discuss Decision to Drop BTC Payment Services appeared first on Bitcoin News.
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Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the […]
The post Cryptocurrency Valuations Have Created Very Wealthy Founders appeared first on Bitcoin News.
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