Defunct Bitcoin Exchange Wex (Formerly BTC-E) Chief Arrested in Italy: BBC

BBC Russia has it that former Wex Exchange (formerly BTC-E) operator Dmitry Vasilyev has been detained in Italy. Some may recall the curious price discrepancies on Wex not so long ago, which raised red flags across the industry. The Wex/BTC-e Connection The belief was that the exchange wanted to attract deposits to capture money for […]

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Crypto Exchange BitMEX Under CFTC Investigation Over US Users: Bloomberg

The US Commodity Futures Trading Commission (CTFC) has launched an investigation against the cryptocurrency exchange BitMEX, Bloomberg reported today. Probe on US customers According to Bloomberg, BitMEX is not registered in the United States, and the CFTC is probing whether the Seychelles-based crypto exchange has broken the rules by giving access to US users to […]

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Crypto Not Cash: Hacked BitPoint’s Masterplan to Refund 50,000 Victims

50,000 victims of the Japanese crypto exchange Bitpoint’s recent hack will have their stolen wallet holdings reimbursed in crypto. This was revealed in a press conference in Tokyo, where reporters were informed that the company had decided to pay back victims in crypto using a 1:1 ratio, as against fiat payouts. Bitpoint’s Unusual Alternative to […]

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Crypto Exchange Bitpoint Admits to 50,000 Victims of $32 Million Hack

Japanese cryptocurrency exchange Bitpoint was hacked last week when hackers stole 3.5 billion yen ($32 million) from the exchange’s hot wallet, of which 2.5 billion yen were customer funds. It has now come to light that around 50,000 of its 110,000-strong customer base were affected by the hack, just days after an operational improvement order, […]

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Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by […]

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Binance CSO Confirms ‘Preliminary’ Talks to List Facebook’s Crypto Libra

Speaking with Finance Magnates, Binance strategy officer Gin Chao said the world’s largest cryptocurrency exchange “would probably want to list” Facebook’s Libra coin on its marketplace. Chao said that Binance has been in talks with Facebook about the potential listing. Though he said discussion is, “very much at a preliminary stage.” The revelation is some […]

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Irish Crypto Exchange Bitsane Vanishes While Exit Scamming 246,000 Users

Following Coinroom, Bitsane is the second crypto exchange that has pulled an exit scam in the past three months, leaving up to 246,000 users as victims of fraud. Image source: Facebook It Started With a 'Technical Issue' Bitsane victims reported to Forbes that users had problems withdrawing cryptocurrencies from the exchange in May. In response […]

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Winklevoss Bros are Billionaires Again After Bitcoin’s Blowout Party

Cryptocurrency entrepreneurs Tyler and Cameron Winklevoss have once again reclaimed billionaire status after Bitcoin soared to new 2019 highs this week. The twin brothers' net worth ballooned to $1.45 billion according to Bloomberg's Billionaires Index. We've broken the Troposphere, passing through the Stratosphere, next stop is the Mesophere on our way...to the moon! 🚀 — […]

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QuadrigaCX CEO Faked Crypto Trades, Indulged Millionaire Lifestyle with Customer Funds

By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed. After Cotten had died, QuadrigaCX went offline as the company’s CEO had exclusive access to the wallets where the exchange’s funds were held. In April, the Canadian cryptocurrency exchange declared bankruptcy. The Nova Scotia Supreme Court granted Quadriga protection from their creditors, and Ernst & Young was hired to

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Italian Retail Deposits Reach All-Time Highs and is Screaming for Bitcoin

By CCN Markets: The Italian government is reportedly trying to be lenient on some forms of hard-to-tax savings, such as that held in safe deposit boxes. Bitcoin could be a viable investment for these retail investors. The reality is that no government can track every dollar – unless they have something like a blockchain to help them. This reality is part of the reason people believe the dawn of cryptocurrency may come at the hands of certain governments, intent on having a traceable monetary supply. For now, governments mostly benefit from there being an unknown amount of counterfeit fiat currency

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