Digital asset manager CoinShares has nearly completed acquisition of a trading shop that generated $1.5 billion in volume this past quarter. European crypto asset manager, CoinShares, announced the launch of its new trading business, CoinShares Capital Markets, or CSCM, on May 7. The subsidiary comprises a rebranding of GABI Trading, with CoinShares now entering into […]
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Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations. U.S.-based mining firm, Riot Blockchain, has more than doubled the number of next-generation Bitcoin (BTC) miners it has purchased, buying 1,040 Antminer S19s from Bitmain on May 6. The additional miners cost the firm $1.9 million, following Riot’s purchase of 1,000 […]
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The Venezuelan economy tanked several years ago, arguably due to corruption that arose out of failed socialist policies. Consequently, businesses adopted bitcoin acceptance as an alternative to the failing Venezuelan Bolivar (VEF). Currently, there are reportedly over 20,000 companies in Venezuela that accept crypto as a form of payment, according to Cryptobuyer. Crypto Merchant Gateway […]
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Available information seems to indicate that Loom’s future is shaky. According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project. Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project. A May 8 tweet from Bruno Skvorc, […]
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Check out this week’s Bad Crypto News. Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven […]
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The SEC has proposed a summary judgment that it hopes will conclude the regulator’s lengthy battle with Kik over the firm’s 2017 ICO. A new round of documents have been filed in the lengthy dispute between the United States Securities and Exchange Commission, or SEC, and Kik Interactive Inc. over the messaging company’s 2017 initial […]
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Paradigm has incubated its first crypto project — an Ethereum-based DeFi protocol promising fixed-rate lending and interest markets. A researcher from the crypto asset investment firm, Paradigm, has co-authored a whitepaper for a new decentralized finance, or DeFi, lending protocol boasting fixed-interest rates. The whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and […]
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Multiple exchanges posted positive fiscal year end numbers, a self-regulatory agency listed crypto asset market price references, and more headlined news from Japan this past week This week’s headlines from Japan included Taotao exchange revealing positive first year numbers, the Japan Crypto Trading Association unveiling crypto asset market rates, Coincheck announcing recent positive fiscal year totals, and […]
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After the halving, crypto exchanges selling Bitcoin, which they collected in trading fees, may pose the biggest threat to the ongoing Bitcoin rally as miners earn less BTC. Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain […]
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New reports indicate that a previously-alleged mob attack by Bitmain employees was significantly overstated by the press. We recently reported that Bitmain’s CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing. Recent updates suggest, however, that this was not the case. At the time, sources claimed that the attack was […]
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