Tag Archives: Exchange News

Brian Armstrong – the CEO of Coinbase – has garnered a patent for a new product that will allow users to email bitcoin to each other.Coinbase Paves the Way for Emailing BTCThe patent was filed in March of 2015 but didn’t garner approval until now. Crazy how long it can take to get the green light on new developments, isn’t it? The product is built to make crypto payments through email addresses linked to various wallets. The sender initiates an order to send money to a specific email address...

Alexander Vinnik – a man accused of bitcoin fraud – will be extradited to France, according to the justice minister of Greece.Vinnik Will Face French LawmakersKonstantinos Tsiaras has recently signed an order requiring that the alleged Russian cryptocurrency scammer be sent to the country though at press time, no extradition date has been set.Vinnik has been accused of laundering billions of dollars in cryptocurrency funds. He was arrested in 2017 while on vacation in Greece per the request...

It’s always interesting to see things get reversed. Typically, one often witnesses figures in the financial space – i.e. Warren Buffett, etc. – touting blockchain while believing that crypto is the money of criminals and do-nothings. Nic Carter, on the other hand, believes the exact opposite.Carter Is Pro Crypto, Not BlockchainAs the founder of Castle Island Ventures – a venture capital firm – Carter explained in an interview that blockchain is consistently touted as the eight wonder of the...

Popular cryptocurrency exchange OKEx has launched a new options trading program for customers interested in digital currencies.OKEx Teaches How to Take Advantages of Price SwingsThe program is designed to help investors better understand issues such as hedge risks and volatility. They will also be trained on how best to take advantage of low prices so that they can add to their portfolios without delay.Volatility is a serious problem in the cryptocurrency space, but representatives of OKEx...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...

Another case of cryptocurrency fraud is in the books. This time, the circumstances occurred in Oregon and resulted in the arrest of Canadian brothers Jagroop Singh Khatkar and Karanjit Singh Khatkhar.Cryptocurrency Fraud Is Growing QuicklyBoth men have pled guilty to stealing as much as $140,000 in bitcoin funds from an investor who was allegedly convinced that they were part of the cryptocurrency exchange Hit BTC. Both men impersonated the trading platform and could serve as many as two...

It’s happened again, folks. Another massive cryptocurrency hack is in the books. This time, the subject of the attack is VeChain, an enterprise blockchain platform that’s reporting losses of nearly $7 million.VeChain Is In the PitsApproximately 1.1 billion VET tokens – the official cryptocurrency of VeChain – have been stolen, amounting to roughly $6.53 million USD. In a blog post, the company states that the hack came about due to “human error” and the “mismanagement of the private key by...

Lawyers representing customers of the now doomed Canadian crypto exchange Quadriga CX are asking police officials to exhume (dig up) the body of the company’s deceased head executive Gerald Cotten.The Drama Surrounding Cotten Lives OnCotten made headlines in late 2018 when it was announced that he had passed away due to complications from Crohn’s disease while performing charitable work in India. What was so important about his passing was that Cotten was the only person working at Quadriga...

BitMEX – one of the world’s largest and most prominent bitcoin and cryptocurrency exchanges – is being sued by one of its early investors over potential fraud and lost equity.BitMEX Is In Trouble All Over AgainThe plaintiff in this case is a former JPMorgan derivatives trader named Frank Amato. He and his company RGB Coin are looking to garner $300 million in restitution from BitMEX and its head executive Arthur Hayes, who also owns a company called HDR Global Trading.Amato claims he was one...

Cybersecurity firm Chainalysis is unveiling its new compliance platform for Bitfinex, one of the world’s leading and most popular cryptocurrency exchanges.Chainalysis and Bitfinex Working TogetherThe platform is designed to detect money laundering before it can occur and monitor any illicit activity that some customers may be looking to perform with cryptocurrency’s help. White-collar crimes like these have long been serious concerns of politicians like those in the United States...