Fidelity Affiliate Joins $3.5 Million Blockchain Firm Funding Round

FMR subsidiary one of several high-profile contributors of cash for blockchain analysis firm Elementus. Blockchain analytics firm Elementus has raised $3.5 million from backers including a sister company of crypto-friendly asset manager Fidelity Investments. Morgan Creek Digital leads fresh cash injection As Fortune reported on Sept. 23, Elementus, which launched its offering in 2017, also […]

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Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’

The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin, are neither financial assets nor legal tender. The International Financial Reporting Interpretations Committee (IFRIC) has ruled that cryptocurrencies, including Bitcoin (BTC), are neither financial assets nor legal tender. The Korea Times reported the development on Sept. 23, citing the Korea Accounting Institute’s […]

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OKEx Slams New Wash Trading Allegations as ‘Inaccurate and Misleading’

Cryptocurrency exchange OKEx has refuted fresh allegations of manipulative practices such as wash trading on its platform. Cryptocurrency exchange OKEx has refuted fresh allegations of manipulative practices such as wash trading on its platform.  In a statement shared with Cointelegraph on Sept. 23, the exchange wrote that the wash trading allegations made in a recent […]

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Fake Bitcoin Investment Platform From ‘Elon Musk’ Promises 4,000% ROI

Kate Winslet is among the victims of scammers using celebrities to advertise the nonexistent Bitcoin platform and steal money. Scammers are using fake mainstream news articles to advertise a nonexistent and potentially dangerous Bitcoin investment platform.  “Bitcoin Profit” features fake celebrity interviews According to the dedicated website used to lure would-be clients, the so-called “Bitcoin […]

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