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Over the last nine months, news.Bitcoin.com has reported on the many misfortunes the project Bitcoin Gold (BTG) has experienced. The forked protocol has been mired with issues and controversy since the day the project was announced will be delisted from the exchange Bittrex. The Seattle-based trading platform says they lost over 12,000 BTG during the … Read more
Only since the beginning of the year, over $742,68 million have been stolen from crypto exchanges, and a series of attacks goes on. Why does this happen and how can exchanges defend themselves? Go to Source Powered by WPeMatico
This month the Blockchain Transparency Institute (BTI) published a research report that claims quite a few of the top cryptocurrency exchanges are overstating their trade volumes or participating in wash trades. BTI explains that out of 130 of the top cryptocurrency trading platforms researched, the organization estimates that every 24-hours over $6B worth of digital … Read more
A 21-year-old Bitcoin dealer from California has been indicted on several counts of crime which include money laundering and operating an unregistered money transmitting business. Jacob Burrell Campos was ordered held without bail on August 17 after investigations by the US Department of Justice reportedly unearthed a thriving underground Bitcoin exchange business that he operated. … Read more
Cryptocurrency markets have been consolidating after a few volatile spikes and subsequent dumps over the last few weeks. Now a lot of crypto-traders are uncertain what will happen next, but quite a lot of people are showing pessimism by betting against cryptocurrencies like BTC with short positions. At the moment, BTC/USD short positions on Bitfinex … Read more
A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. … Read more
Cryptocurrencies are dropping in value once again on Wednesday, August 8 as most of the top digital assets are down between 9 to 18 percent over the last 24 hours. Prices started dropping yesterday after the U.S. Securities and Exchange Commission (SEC) extended the Cboe exchange-traded fund decision. Immediately after the announcement, bitcoin core (BTC) … Read more
It has been a very interesting year for cryptocurrency. Wild price fluctuations and regulatory developments have put a brand-new perspective on things. One would almost forget Bitfinex was hacked just over a year ago, forcing the company to issue IOU tokens and reduce user balances. The Bitfinex Hack: One Year Later Early August of 2017 … Read more
During a recent conference in South Korea, Binance CEO Changpeng Zhao responded to questions about the company’s relationship with controversial stablecoin Tether. He acknowledged that “concern is always there,” according to regional reporting. Binance is one of the largest holders of Tether. Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay … Read more
Cryptocurrency markets are volatile and people can make a lot of money from the up and down price variances. When digital assets touched all-time highs this past December, a great majority of digital currencies lost more than 70 percent of their value. Now some traders were able to call the top, while others ‘hodled’ in … Read more
