Cryptocurrency Analysis and News Portal
$450 million worth of lost cryptocurrency from the now-defunct cryptocurrency exchange WEX may have been transferred to a fund belonging to Russian intelligence agency the Federal Security Bureau (FSB), according to an investigation by the BBC’s Russian Service published on Nov. 15.The BBC’s recent investigation into the BTC-e crypto
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The web has arguably been the biggest driver of economic and technological innovation in the 30 years since its invention. It has not only lowered barriers to publishing information and accessing that information, it has also changed peer-to-peer communication, in all senses of the term, across the globe. It
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Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes
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Russian law firm Zheleznikov and Partners has proposed a way to recover up to 200,000 Bitcoin stolen from Mt. Gox exchange. They want to take legal action against Russian nationals who received the stolen money.Moscow-based law firm Zheleznikov and Partners (ZP Legal) claims has put forward a proposal on how
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Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco.Recover losses on behalf of Mt. Gox victimsOn Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the
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The latest hearing in a multi-billion-dollar lawsuit resulted in Judge Bruce Reinhart recommending 50 percent of Wright’s BTC holdings mined prior to December 31, 2013, be awarded to the estate of Dave Kleiman.Few weeks ago we wrote of how a Florida federal judge had denied self-proclaimed Bitcoin inventor Craig Wright’s
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Users of now-defunct Canadian cryptocurrency exchange QuadrigaCX are requesting further information concerning the recent loss of 103 Bitcoins (BTC) during the funds' recovery.An unfortunate lossAs Cointelegraph reported in February, one of the Big Four accounting firms — EY (formerly branded as Ernst & Young) — was appointed by QuadrigaCX
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The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a
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Thanks to the revival in the entire cryptocurrency market this year, and Bitcoin specifically, things have started looking up for the cyrpto mining company Bitmain. Notwithstanding, the crypto mining giant reportedly recorded a loss amounting to $310 million in the first quarter of 2019.As bad as that may seem, the
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Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2.Hundreds of millions lostPer the report, the firm sustained losses of $625 million by March, $345 during January, and $280 million
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