Tagged: bitcoin

July 5, 2019 @ 10:02 am By Cali Haan  |  

Jessie Powell, the CEO of the San Francisco-based cryptocurrency trading platform Kraken told TD Ameritraid Monday that real money pouring onto crypto exchanges fuelled Bitcoin’s recent price rise, not controversial synthetic USDs called tethers. Tether printing comes after fiat and not before, said Powell: “Recently,… Read More

July 5, 2019 @ 7:21 am By Cali Haan  |  

Outspoken Bitcoin and cryptocurrency critic and economist Dr Andy Xie, renowned for predicting the 1997-8 Asian currency crisis, told The Korea Times this week that Bitcoin is “a gambling instrument” primarily exploiting Asian investors and that it can never function properly as a currency. “Bitcoin… Read More

July 4, 2019 @ 7:04 pm By Cali Haan  |  

Three parties accused of soliciting Texas investors with fraudulent cryptocurrency offerings have received emergency cease and desist orders as part of Texas’ “second regulatory sweep of cryptocurrency investment offerings.” Like the first sweep, which began in December 2017, the second sweep has been launched, “in… Read More

July 3, 2019 @ 4:29 am By Cali Haan  |  

Bitcoin’s recent diagonal tear to $13K USD has now relented as the currency’s price has settled back down to around $10k, and as the froth clears, information from two polls shows that the general public may be feeling tepid about Facebook’s proposed new cryptocurrency. Some… Read More

July 1, 2019 @ 11:36 am By Cali Haan  |  

San Francisco-based crypto exchange Coinbase is tooting it’s sector’s horn in a recent blog post regarding “awareness and adoption trends related to crypto in America, such as which US States have the highest rates of participation and where enthusiasm is highest.” The results are gleaned from,… Read More

July 1, 2019 @ 3:40 am By Cali Haan  |  

A crypto scam featuring the image of the Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, has been circulating on Facebook and may have conned thousands of people, local news outlet The National reports: “The fake news story scattered legitimate information, including factual details… Read More

July 1, 2019 @ 2:34 am By Cali Haan  |  

Crypto users have long pervaded the rumour that the price of Bitcoins tends to increase on Friday and fall on Monday, and recent qualitative research from Bloomberg seems to confirms that observation “(S)urges in weekend activity since the beginning of May account for about 40%… Read More

June 30, 2019 @ 8:01 am By Cali Haan  |  

Data at App Annie, the Apple App Store and Google Play downloads shows that consumer interest in crypto apps and “dApps” (purported “decentralized applications”) has flattened in 2019 even though the price of Bitcoin tripled this quarter, Bloomberg reports. The data is relevant, says the… Read More

June 28, 2019 @ 9:37 am By Cali Haan  |  

Europol has announced that a 14-month-long investigation into a €24 million “typosquatting-based” cryptocurrency theft has netted 6 suspects in the UK and Netherlands. The five men and one woman were arrested “in simultaneous warrants” in Bath Staverton, Amsterdam and Rotterdam yesterday morning. An estimate 4 000… Read More

June 27, 2019 @ 5:27 pm By Cali Haan  |  

American crypto exchange Coinbase went dark Wednesday at the same time as the price of Bitcoins plummeted approximately $1800 dollars in 15 minutes, Coindesk reports. At the company’s Twitter account, Coinbase attributed the outage to cloudflare. [status] Identified: We are currently investigating this issue. We… Read More

June 26, 2019 @ 8:34 am By JD Alois  |  

Bitcoin is moving, once again. The most popular crypto has earned its wings as a popular speculation vehicle – driven by geopolitical events and perhaps some manipulation. Advocates proclaim its purity and lack of affiliation with any central agency. Detractors denounce it as little more… Read More

June 25, 2019 @ 5:45 pm By Cali Haan  |  

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

June 25, 2019 @ 2:36 am By Cali Haan  |  

Banking technologists Martin Walker, Keith Pritchard and Professor David L Yermack debated the promise and realities of blockchain and distributed ledger technologies on a panel that opened the most recent Mapping the Financial Frontier Conference. The conference was held at Federal Reserve Bank in Atlanta,… Read More

June 19, 2019 @ 3:50 pm By Samantha Hurst  |  

Bitrefell, a company that provides digital gift cards and mobile airtime refills to 170 countries using Bitcoin technologies, recently announced it secured $2 million through its latest seed funding round, which was led by  Coin Ninja, with participation from Charlie Lee, Fulgur Ventures, and Bnktothefuture. Founded in2014,… Read More

June 18, 2019 @ 1:37 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against UK based defendants Control-Finance Limited, a Bitcoin trading and investment company, and principal, Benjamin Reynolds.  According to the CFTC, the defendants are  charged with “exploiting public enthusiasm for Bitcoin by fraudulently obtaining… Read More

June 18, 2019 @ 1:16 pm By Cali Haan  |  

Police from the city of Qiqihar in Western China used a drone to locate an illegal Bitcoin mine hidden in the centre of the large “fish pond” or marsh adjacent to an oil production facility, Chinese news outlet Huangiu reports. Police from the Green Grassland… Read More

June 16, 2019 @ 9:04 pm By JD Alois  |  

SigOne Capital says it is now offering a full suite of crpto trading services for the institutional/HNW investor. The OTC service says they are now offering OTC trading through voice, API & web portal along with a lending desk to borrow and lend crypto. SigOne… Read More

June 13, 2019 @ 6:56 am By Cali Haan  |  

Legendary Bitcoin boy millionaire Erik Finman is building a cryptocurrency investment platform he hopes will make cryptocurrency trading “more tangible and tactile” for the average person. “A huge factor preventing bitcoin from going into a bull run is its difficulty to buy. It’s not uncommon… Read More

June 12, 2019 @ 1:27 am By Cali Haan  |  

A user of the Reddit forum r/Bitcoin posted a video last week showing British pounds shooting out of a Bitcoin ATM located near London’s Bond Street train station. The video shows a security guard trying to keep nervous spectators away from a cash-filled duffle placed… Read More

June 10, 2019 @ 11:15 pm By Cali Haan  |  

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken… Read More