Cryptocurrency Analysis and News Portal
A New York Supreme Court has found that veteran cryptocurrency exchange Bitfinex and its related stablecoin company Tether (USDT) must face claims they concealed the loss of commingled corporate and client funds.The claims were brought by New York Attorney General Letitia James, who has accused firms associated with Bitfinex and
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An early investment into Numeraire (NMR) crypto returned 170 percent gains to two venture funds.Crypto-focused investment firms Placeholder and Paradigm led an $11 million round in the Numerai blockchain’s native asset on March 21, 2019, when it was trading at around $5.The per token rate of NMR has since surged
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The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by
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U.K.-based cryptocurrency trading firm GPay Ltd has been wound up by the High Court ‘in the public interest,’ according to a recent
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Bitcoin is far from a full-blown bull market.Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations.Yet a top cryptocurrency fund is still holding a bull bias.
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According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000.Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also
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A study by risk solutions provider, Kroll, indicated that a group of hackers from Russia managed to file fraudulent unemployment claims with the Washington State Employment Security Department, or ESD, through a ransomware attack against a healthcare provider in the US.According to research published on June 17, the firm investigated
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The Austrian government is taking a considered approach to COVID-19 tech solutions after an initial rush to get some kind of contact tracing app out the door. The nation’s second wave of projects now includes blockchain. Announced Wednesday, the country’s Federal Ministry for Digital and Economic Affairs awarded a €60,000 ($67,600)
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On one hand, the bitcoin industry has matured to include traditional brokerages and institutional traders. On the other, bitcoin privacy tech is still shrouded in a legal gray zone. The Human Rights Foundation (HRF) took a strong stance on bitcoin privacy tech Wednesday by announcing its new Bitcoin Developer Fund. The
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[sociallocker id="55298"] Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering.According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers.Jeffries urged “the need for more uniform
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