Watch Out! $375,000 of Cryptopia’s Stolen Ether on the Move

By CCN: Whale Alert, an account which automatically and manually notes large crypto transfers for Twitter followers, stated this morning that slightly more than $250,000 of stolen Cryptopia ether moved today. $250k Parked, $125k Moved to EtherDelta 1,000 ether moved to 0x7d90b19c1022396b525c64ba70a293c3142979b7, an address which holds no other tokens. Roughly the same amount of ether previously left the wallet. The Cryptopia hacker seems unable to decide what to do with them. ⚠ ⚠ ⚠ 500 #ETH 126,218 USD) of stolen funds transferred from Cryptopia Hack to EtherDeltahttps://t.co/gM3VlOZ9EM — Whale Alert (@whale_alert) May 21, 2019 Interestingly, within the past hour at

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Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance. High-Profile Users Get Their Issues Resolved ⚠️🔥Looks like @hitbtc have decided to go full scammer, and are stealing balances of users (including me).🔥⚠️ Probably a good idea to get anything you have there off, and take care not to use it. (And as always, keep as little on exchanges as

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Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

By CCN: The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit. Bitfinex: Supreme Court Ruling a “Victory” The embattled exchange called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already admitted that as much as $850 million evaporated from its coffers while Tether Limited has publicly confessed to only partially backing the world’s oldest stablecoin. Under the order, Tether and Bitfinex can continue business as usual, but Tether Limited may not make any

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Kraken Turns Tables on Canadian Regulators in Nine-Page Rebuttal

By CCN: Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes. The two regulatory bodies have proposed a security law framework that all exchanges would have to abide by whether they like it or not. Kraken strongly recommends against Canada imposing a security law framework on crypto currency exchanges in public response to the Proposed Framework for Crypto-Asset Trading Platforms published by the CSA and the IIROC #bitcoinca

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Debt-Ridden Crypto Exchange Cryptopia Suckers Hacked Customers Again

By CCN: Users of the New Zealand-based bitcoin exchange Cryptopia should expect more uncertainty in the coming months. In an update released earlier today following the announcement that it had gone into liquidation, Cryptopia has warned users that they may not get all their funds back, if at all. Per the exchange, an investigation is underway to determine ‘the amounts owing and available to return to customers’. Before then, the cryptocurrency exchange cannot give clients any guarantees that they will get all their funds back: Until the investigation is complete, we cannot return any crypto-assets to customers, or confirm whether

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Coinbase Plans US Debit Card Launch, Is ‘Considering’ Margin Trading

By CCN: Coinbase CEO Brain Armstrong conducted a live YouTube AMA today from the company’s New York offices. Presumably, he’s in town for blockchain week, which brought him away from the San Francisco headquarters. Armstrong answered several questions in the session, beginning with one regarding “community trust ratings” for altcoins. Armstrong said that crypto is much like the internet: as more options emerge, better mechanisms of finding the actual high-quality projects need to come along. He pointed out that Yahoo began by manually indexing the web, but later things like PageRank started. He likened the experience to shopping and the

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ShapeShift CEO Erik Voorhees Wants Whole World in Crypto’s Big Tent

By CCN: With the bitcoin price trading above $8,000 once again, the mainstream financial media has once again taken an interest in cryptocurrencies. ShapeShift CEO and Founder Erik Voorhees was featured in an interview with Bloomberg where he confronted the bitcoin bubble debate and regulation. While the ecosystem is evolving since Voorhees first entered the space, as evidenced by regulators now participating in industry events, Voorhees isn’t uncomfortable with the direction in which it’s going. “I want crypto to be a big tent. I want the whole world to be using it. And most of the world doesn’t think like

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Don’t Lose Your Crypto! 3 Ways DEXs Keep Your Funds Super Safe

By CCN: The recent Binance hack was a rude wake-up call to the entire crypto community. Some 7,000 bitcoins worth more than $40 million were taken from the centralized exchange. While crypto exchange hacks are nothing new, the Binance security breach was particularly shocking because the platform managed to attain a high level of confidence from the community. The saying “not your keys, not your coins” is relevant now more than ever. Let’s explore a viable alternative that can virtually guarantee fund security without compromising your trading experience. Here are three ways decentralized exchanges (DEXs) keep your funds absolutely safe.

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Coinbase Goes for Tether’s Throat, Catapults USD Coin Into 85 Countries

By CCN: Given the widely publicized troubles faced by Tether (USDT), there is a massive opportunity for a competitor to wade into the stablecoin arena. It appears that Coinbase will be that adversary, as the crypto exchange is taking the opportunity to double down on USDT’s problems and expand USD Coin (USDC) trading into 85 countries. USDT is the result of a collaboration between Coinbase and Jeremy Allaire’s Circle. According to the Coinbase website, the exchange does not support USDT. Coinbase Is Going All in With USDC Expansion It’s an incredibly sharp move by Coinbase, and the timing couldn’t be

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‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy.” Trust, Don’t Verify The New York Attorney General’s office recently opened a very public investigation into the firm. They allege much to the contrary. Tether Limited subsequently admitted it only has 74% of the reserves for its more than $2 billion stablecoins in circulations. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for

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