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Bitfinex Tree Glowing Raising Funds Tether

Bitfinex CTO Says Exchange Raised $1 Billion Through Private Placement

May 13, 2019 by Ashwath Balakrishnan at Bitcoin, Exchange, Investment

Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, claims the company has raised capital for its billion-dollar initial enterprise offering (IEO) through private placements from investors in iFinex Ltd, the parent of both Bitfinex and Tether, in a tweet on 13 May, 2019. The claims come at a time when Bitfinex...

Binance Cryptocurrency Exchange to Unfreeze Deposits and Withdrawals

May 13, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Cybersecurity, Exchange, News

Changpeng Zhao (CZ), the founder of the highly reputed Binance cryptocurrency exchange which recently suffered a security breach, has revealed via a blog post on May 12, 2019, that the exchange is putting preparations in top gear to resume deposits and withdrawals latest by Tuesday, May 14, 2019. Binance Moves...

VeChain, Blue Bite to Use Blockchain Technology to Secure Fine Art

Blockchain Reorgs: Historical Effect and Differing Perspectives

May 13, 2019 by Ashwath Balakrishnan at Bitcoin, Blockchain, Cryptocyclopedia, Exchange, Tech

After the recent Binance hack where the exchange lost $40 million, Jeremy Rubin made a blockchain reog suggestion to Chanpeng Zhao, CEO of Binance. Jeremy Rubin, who is deeply involved in the MIT Digital Currency Initiative, spoke to Zhao over his live stream where Zhao was describing the hack and...

Bitcoin, Ether, and XRP Weekly Market Update May 13, 2019

May 13, 2019 by Georgi Hristov at Altcoins, Bitcoin, Finance, Price Analysis, Ripple

The total crypto market cap is $31 billion up for the seven-day period and now stands at $211.6 billion. The top 10 currencies are all in green for the same time frame with Binance Coin (BNB) being the only exception with a 5.7 percent loss. Bitcoin (BTC) is the biggest...

Bitcoin with its foot on Paypal, leaning back with more crypto behind it

PayPal May Be Opening Up to Digital Currency

May 13, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, News

PayPal’s ambivalent stance over the digital currency might be changing as CFO John Rainey has stated that the payment processor has created teams to study both blockchain and cryptocurrency, as reported by Forbes on May 10, 2019. PayPal previously allowed merchants to receive payments in Bitcoin but removed functionality after...

Bitfinex Releases IEO Whitepaper, Claims $404 Million Net Profit in 2018

May 11, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Exchange

Under fire cryptocurrency exchange, Bitfinex, has released a whitepaper claiming they turned a $404 million net profit in 2018, as reported by Bloomberg on May 9, 2019. The information provided is not backed by evidence as the exchange only revealed select data from their financial statements. Bitfinex Addresses Insolvency Claims In...

Bitcoin is a Sh*tcoin, Says Nouriel Roubini in Latest Anti-Cryptocurrency Rant

May 10, 2019 by Osato Avan-Nomayo at Adoption, Altcoins, Bitcoin, News

Like clockwork, every so often, nocoiners take turns to try to bash bitcoin (BTC) but with little success. This time around, it is New York University (NYU) Economics Professor, Nouriel Roubini, using colorful language to describe bitcoin while ranting that he didn’t care about the price of BTC, the New...

Cryptocurrency washing machine with bitcoin inside it discovered by EUROPOL Detective

Major Crypto Laundering Business Uncovered in Spain

May 9, 2019 by Mohammad Musharraf at Altcoins, Bitcoin, Crime, News

Europol has announced the arrest of eight individuals in Spain who allegedly have ties to a criminal organization that is involved in cryptocurrency laundering services, May 08, 2019 $10 Million Credit Received in Cold and Hot Wallets It seems as though the more the regulatory authorities are trying to bind...

Verizon Security Report: 23 Percent of Data Breaches Carried Out by State-Sponsored Cybercrime Syndicates

May 9, 2019 by Osato Avan-Nomayo at Altcoins, Bitcoin, Crime, Cybersecurity, News

A Verizon internet security report shows that state-sponsored hacking is becoming an increasingly larger part of global cybercrime, ZDNet reports, May 8, 2019. The Verizon report also showed that hackers prefer cryptocurrency to launder their stolen funds or to demand ransom payments. State-Sponsored Hacking Becoming a Clear & Present Danger...

Zebpay CEO: India Bitcoin Ban Fears Unfounded

May 9, 2019 by Anthonia Isichei at Bitcoin, Exchange, News, Regulation

Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...

Crowdfunder Sued for Misappropriating Funds over $800,000 to Buy Bitcoin

May 8, 2019 by Anthonia Isichei at Bitcoin, Crime, Investment, News

The U.S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts....

White House Issues Circular on Deep Web Opioid Market, Targets Cryptocurrencies

Crypto and the Dark Web: An Unholy Alliance or An Inevitable Side Effect?

May 8, 2019 by Tokoni Uti at Altcoins, Bitcoin, News, Tech

With the use of cryptocurrencies increasing on the dark web, we explore what the possible long-term effects this type of usage will be on the adoption front. Crypto in Shadows One of the most fascinating concepts on the internet is the dark web. For most, the dark web has the...

Robots trading cryptocurrency bitcoin ethereum EOS XRP making dollars

Study: Cryptocurrency Trading Bots on the Rise

May 8, 2019 by Neil at Bitcoin, Blockchain, News, Tech

There are many organizations and corporations that are eager to use blockchain to increase efficiency and transparency in their respective sectors. However, it appears as though there are a growing number of bots that are exploiting vulnerabilities in various cryptocurrency exchanges according to a Homeland Security News Wire article published...

Binance Hacked Laptop Red SKull and Bones

Binance Hacked, 7,000 BTC Stolen From Hot Wallet

May 8, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Cybersecurity, Exchange, News

Crypto hackers struck again as 7,000 BTC was stolen from Binance's hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. Binance's SAFU Breached Binance discovered a large scale...

WeChat Updates Policy Statement: Bans Bitcoin Transactions

May 7, 2019 by Anthonia Isichei at Altcoins, Bitcoin, News, Regulation

News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not...

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