Rumors of Exit Scam Swirl as Maplechange Loses Funds in Hack

Maplechange, a small Canadian cryptocurrency exchange, has ceased operations following the purported theft of all the funds it was holding. Despite promises of an investigation into the matter, many have accused the exchange of attempting to stage an exit scam. Also Read: Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law Canadian Exchange Drained of Holdings … Read more

Capitalization of Cryptocurrency Markets Loses 59% in Q1 2018

The first quarter of 2018 dealt heavy losses to the cryptocurrency markets, with Coinmarketcap data indicating that the capitalization of the combined crypto markets has dropped by 59% since the start of January. Q1 2018 has also been among the bloodiest quarters in recent memory for the bitcoin markets – with BTC suffering an approximately … Read more

Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking Partners

Finnish bitcoin services provider, Prasos, has lost all but one of its banking partners. Prasos’ chief executive officer recently revealed that four Finnish banks have terminated services with the company, leaving Prasos reliant on a single bank. Also Read: Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud Finnish Banks Terminate Services With Prasos … Read more