South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives

South Korean Authorities Formally File Fraud Charges Against Coinbit's ExecutivesIn South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities According to Newspim, the 5th Investigation Team of the Seoul Metropolitan Police Agency […]

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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash TradesPolice in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. Police accuse the exchange’s owner […]

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Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits

Tether, ICOs, Craig Wright - Attorney Divulges New Details on Billion Dollar Crypto LawsuitsOn April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives are accused of selling unregistered securities. The lawsuits claim the exchanges “profited handsomely” […]

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ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies

A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered […]

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Liquid Exchange Launches BCH/USDC Trading Pairs

Liquid Exchange Launches BCH/USDC Trading PairsThe global cryptocurrency trading platform Liquid has announced the release of its new BCH/USDC trading pairs allowing anyone to swap bitcoin cash for the popular stablecoin USDC. Moreover, Liquid users will soon be able to connect their accounts to Bitcoin.com’s new Bitcoin Cash Register app and receive USDC directly. Also read: A Complete A-Z of […]

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Initial Exchange Offerings Are Showing No Sign of Slowing Down

Initial Exchange Offerings Are Showing No Sign of Slowing DownSix months in and initial exchange offerings (IEOs) are refusing to die. Following a year of ICO stagnation in 2018, it appeared that the crypto crowdfunding bubble had popped, sending tokenized projects back to the drawing board. Instead, the medium has been reborn under a different banner. In 2019, IEO token issuance is all the […]

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Top 7 Major Platforms Supporting IEOs in 2019

TheMerkle Qryptos ExchangeIn the cryptocurrency world, there are always interesting changes and developments to keep an eye on. Whereas Initial Coin Offerings lost pretty much any traction in 2019, their successor has shown up in the form of Initial Exchange Offerings, or IEOs. The following major platforms all provide such token sales, and it seems the competition will continue to heat up as this formula gains more traction. Binance Launchpad Most people will have heard of Binance’s Launchpad by now. This platform is specifically designed to facilitate IEOs on a growing scale. So far, several sales have been conducted with great success.

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New York Prosecutors Demand Transparency From Bitfinex and Tether

New York Prosecutors Demand Transparency from Bitfinex and TetherThe crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the loss of $900 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG) office has now demanded that Bitfinex must show transparency by turning over documents tied […]

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