Bitfinex postponed the sale of Kimcoin indefinitely. The regulatory framework in the industry is affecting initial exchange offerings. Kim Dotcom tried to avoid countries within the U.S. jurisdiction. Bitfinex, a Hong Kong-based cryptocurrency exchange, announced its decision to postpone the initial exchange offering (IEO) of Kimcoin, the native cryptocurrency of the content monetization platform K.im. Halting Kimcoin Token Sale On Nov 5, Bitfinex revealed in a blog post that the first IEO...
Read More »Report: Bitcoin Manipulated by One Person in 2017
Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...
Read More »Bitcoin Hit $20K in 2017 from Manipulation by One Single Market Whale
Most of the crypto community, especially Bitcoin hodlers, are almost always hoping for a spike like the one that happened in 2017, which saw the king coin hit its current all-time high of $20,000. Even though a terribly bearish market followed some months after, the spike is still often referred to as not just a game-changer, but a point where Bitcoin needs to reach again, to break out of its frequent periods of disappointing consolidation. However, some analysts have suggested that the...
Read More »Bitfinex Sparks Controversy Allegedly Manipulating $20,000 Bitcoin Price High
Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale. Bitfinex whale manipulating Bitcoin price surges Initially reported by Bloomberg, the paper, which is an update on an earlier one by the same...
Read More »Why the Market Needs so Many Crypto Exchanges
Photo: ShutterstockThis October, at Blockchain Life 2019, Europe’s largest cryptocurrency and blockchain forum, a blockchain project Serenity presented the White Label of a cryptocurrency exchange, as well as a cryptocurrency exchanger, margin trading platform and blockchain escrow technology for Forex brokers, all of which was met with great enthusiasm from the attendees. Despite the fact that a good part of the forum participants were crypto exchanges – which reflects the current market...
Read More »Kim Dotcom Offers 10% of K.im Bitcoin Fees to Julian Assange Ahead of $8M IEO
Entrepreneur and Bitcoin entrepreneur Kim Dotcom said his newly founded company K.im is supporting WikiLeaks founder, Julian Assange. Yesterday we reported about how K.im was created in order to merge internet with the Bitcoin so there could be a platform that allows artists, content creators and digital businesses to sell their content and digital goods without censorship, outside of monopolies and, what’s most important – without the middleman.In a tweet on the same day, Dotcom said 10% of...
Read More »DAI and USDT to Lead the Way for Stablecoin Adoption
The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...
Read More »Second Crypto Capital Executive Will Face Criminal Charges
Recently, Live Bitcoin News reported that the president of Crypto Capital had been arrested for allegedly taking part in drug running and money laundering schemes. We also reported that further arrests were expected in the coming weeks. One of those arrests has now taken place.More Bad News for Crypto CapitalOz Yosef, a principal executive of the company, is charged with being the man responsible for the loss of roughly $850 million in crypto funds transferred to the company by Bitfinex, one...
Read More »Bitfinex’ K.im Publishing Platform Announces Private Proof of Concept Demos
Photo: Bitfinex / TwitterCryptocurrency exchange Bitfinex’s new token platform Bitfinex Token Sales recently announced its first project, K.IM, the decentralized new P2P digital content, and monetization platform brought to you by Kim Dotcom.In a press release that the company shared with the Coinspeaker, it is said that K.im was created in order to merge internet with the Bitcoin so there could be a platform that allows artists, content creators and digital businesses to sell their content...
Read More »#737 China Blockchain Gesetz & Bitfinex Crypto Capitol Skandal
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 737. Heute geht’s um folgende Themen: China erlässt Blockchain-Gesetz ab Januar 2020 & Bitfinex distanziert sich von Crypto Capitol und den mutmasslichen Drogengeschäften. 1.) China erlässt Blockchain-Gesetz ohne Bitcoin – Tritt ab Januar 2020 in Krafthttps://bitcoin-kurier.de/china-erlaesst-blockchain-gesetz-ohne-bitcoin-tritt-ab-januar-2020-in-kraft/ 2.) Bitfinex distances itself from Crypto Capital,...
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