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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

September 14, 2018 0 0

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014. Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s website. According […]

Huobi Acquires Licensed Cryptocurrency Exchange in Japan

September 13, 2018 0 0

Giant cryptocurrency exchange, Huobi has acquired a majority stake in Japan-based BitTrade in a move that is aimed at significantly scaling the trading platform and giving it greater global recognition. Now based in Singapore, Huobi was originally founded in China in 2013 and has over the years grown beyond borders into a number of nations that include […]

Dead Cat Bounce? Ethereum Surges 9% Amidst Crypto Market Recovery

September 13, 2018 0 0

The crypto market has demonstrated a short-term corrective rally in the past 24 hours, after major assets like Ethereum showed strong oversold conditions. ETH, the native cryptocurrency of the Ethereum blockchain network, has been on an intensified downtrend since June, performing especially poorly against Bitcoin. On September 13, ETH has shown resilience in the sub-$200 […]

U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters

September 13, 2018 0 0

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running a […]

U.S. Judge Rules That ICOs are Covered by Securities Laws

September 12, 2018 0 0

A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales. The ruling came in a case against a fraudulent ICO promoter […]

Decentralized Crypto Trading Platform AirSwap Strikes Deal to Tokenize NY Real Estate Market

September 12, 2018 0 0

Decentralized cryptocurrency trading platform AirSwap has announced a new partnership designed to aid in the tokenization of one of the Western Hemisphere’s most expensive real estate markets. That partnership, inked with FINRA-registered broker-dealer Propellr, will see the two firms use AirSwap’s peer-to-peer trading protocol to create a platform that allows brokers and their clients to tokenize […]

OKEx, OKCoin Founder Star Xu Questioned in Shanghai Fraud Case

September 12, 2018 0 0

Shanghai police have taken OKEx founder and OKCoin CEO Star Xu into custody for voluntary questioning in relation to fraud alleged to have taken place in a relatively obscure crypto project called WFEEcoin. Local media reports that Xu’s possible connection to the project is being investigated. While Xu is allegedly a WFEE shareholder, he denies that his […]

Bitcoin Not Useful for Terrorists, Expert Tells US Congress

September 11, 2018 0 0

Despite scattered reports and fears about crypto’s potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash remains substantially more useful to terrorists. This was the message delivered by Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance in a prepared testimony delivered to the House Financial Services Committee on […]

Crypto Exchanges are Evading China’s Ban by Changing Domain Names

September 11, 2018 0 0

Despite the rise in control measures over cryptocurrency trading, observers are almost certain that Chinese investors will continually skirt the ban, which makes it nearly impossible for authorities to shut down trading entirely, per reports from the South China Morning Post (SCMP.) SCMP references an earlier story published on the Shanghai Securities Times which reported that trading […]

Miracle Whip Hints at ‘Whipcoin’ ICO in Playful Tweet

September 11, 2018 0 0

Mayonnaise brand Miracle Whip has taken a humorous poke at the crypto industry with a tongue-in-cheek tweet announcing its planned ICO — an “initial condiment offering” for a cryptocurrency called “Whipcoin.” View image on Twitter Miracle Whip ✔@MiracleWhip Thinking about an Initial Condiment Offering… What do our new #crypto friends think about #WhipCoin 5:54 PM – Sep […]