Tag Archives: News

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...

New York has never been a crypto-friendly haven. Thanks to the regulations set forth by the now infamous BitLicense, the Big Apple has garnered a reputation for allegedly being anti-blockchain.The BitLicense Is About to Lighten UpBut now, changes are being made to the region’s regulatory protocols that may make things easier for crypto companies looking to do business in the city that doesn’t sleep. The New York State Department of Financial Services (NYDFS) has suggested adding new...

Analysts say that the presence of whales is about to get a lot stronger considering the bitcoin price is slated to rise heavily in the coming years.We’re Continuing to Feel the Influence of WhalesWhales are a big problem in the crypto space in that they can heavily influence bitcoin’s behavior and increase its volatility. Whales are individuals who carry a lot of crypto in single accounts. Whenever they move this money, they tend to move much of what they own from one wallet to another. This...

The Scandinavians are increasing the level of refusal to use cash in their daily transactions. Partnership of the Riksbank with Accenture will allow developing new crypto payment solutions. Such as smartphone app, POS terminals, and other devices and code.Considering the words by Christine Lagarde who shows interest in stablecoins, Sweden is “staying ahead of the curve”. European Central Bank is showing interest in stablecoins development. China will likely to restrict usage of anything...

According to Jared Tate, the DigiByte founder, the TRON project is “the biggest scam in crypto history”. Jared wants to warn the public that it was developed and promoted by the Chinese government. If the U.S. will allow operations of 18 “bad” cryptocurrencies like TRON on Binance.US, then an “unprecedented loss of faith in lawmakers” will occur. Jared is sure that the coin’s purpose is to “dupe unknowing American citizens”. The ICO financial trap already did that, but apparently, Jared feels...

Russian dark web marketplace Hydra says it is seeking nearly $150 million in bitcoin to continue its operations.Hydra Is Looking to Become GlobalThe platform has announced an initial coin offering (ICO) set to begin next Monday on December 16. This is odd in the sense that most dark web marketplaces are looking to potentially hide or limit their presences, whereas an ICO with such a large goal is likely to let everyone in on the secret.This, according to the Russian media, is a giveaway that...

Mark Yusko, a former bitcoin and crypto skeptic, thinks the BTC price is likely to hit $100,000 by the time 2021 rolls along.Mark Yusko Has Gone From Hater to BelieverAs the chief executive and chief investment officer at Morgan Creek Capital, Yusko was – at one time – not a believer in crypto and held more faith in traditional fiat. At the time of writing, however, some of that sentiment seems to have switched, with Yusko showing a little more interest in the digital asset and acknowledging...

Crypto scammers are wrought throughout the space, and people are consistently on edge hoping they don’t fall victim to these malicious individuals, but when a thief’s plans go awry, the victim is likely to get a nice feeling inside. Such feelings are likely being experienced by Tania Amador, a 28-year-old resident of Grand Prairie, Texas.Tania Amador Stops a Hacker in His TracksAmador claims that her Ring security system was hacked by a cryptocurrency scammer who demanded a bitcoin ransom of...

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

Matic – an alleged competitor of bitcoin – has reportedly sunk into oblivion and lost most of its value in just a matter of minutes.Matic: One of the Space’s Biggest DroopsThis is something that many crypto enthusiasts get stuck dealing with in one way or another. After all, even mega currencies like bitcoin can fall unexpectedly. BTC dropped from more than $9,500 to about $8,100 in just a few minutes during late September following the dismal opening of Bakkt.However, what makes Matic unique...