Have users lost trust in BitMex since Black Thursday’s outage? Since Black Thursday, BitMex users have been withdrawing Bitcoins (BTC) from the exchange in droves. On March 13, BitMex held 306,814 Bitcoins (BTC), by April 9, this number had dropped to 222,025 — this represents a 38% decrease in Bitcoin holdings. Source: TokenAnalyst Although it […]
Continue ReadingCould 11 class-action lawsuits filed against major players from the crypto space do damage to the industry, or will they help it mature? Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the […]
Continue ReadingAs the global coronavirus pandemic continues to rage on, quarantined gamers are increasingly looking towards blockchain games. As more people self-isolate due to the coronavirus pandemic, gaming platforms all over the world have seen a spike in traffic. One report notes that cell network company Verizon claimed that online gaming platforms have seen a 75% […]
Continue ReadingJason Appleton, host of the Crypto Crow YouTube show, described his channel’s banning and restoration. After YouTube terminated, and subsequently restored, his Crypto Crow channel, Jason Appleton explained the whirlwind of events for which Youtube has still provided no explanation. “This situation was crushing honestly,” Appleton told Cointelegraph in an April 10 email. “An emotional […]
Continue ReadingSamourai Wallet’s Bitcoin mixing CoinJoin service saw its monthly volume triple to over $10 million during March. Volume for Samourai Wallet’s non-custodial Bitcoin mixer, Whirlpool, tripled last month, with the service processing more than $10 million worth of Bitcoin (BTC). According to data published to Twitter by Whirlpoolstats’ Matt Odell, March activity comprised 40% of […]
Continue ReadingDoes the FDIC’s recent video urging against bank runs relate to crypto? Wilshire Phoenix’s CEO and a former CBOE trader weigh in. The Federal Deposit Insurance Corporation, or FDIC, recently posted a video urging the public not to rush to banks for cash withdrawals. Does this relate to crypto? “Your money is safe at the […]
Continue ReadingBitcoin price is currently holding above $6,800 but a bearish scenario is looking increasingly likely with a retest of sub-$6K levels. As the weekend kicked off Bitcoin (BTC) price dropped below $6,900 and at the time of writing the cryptocurrency is struggling to keep hold of $6,800. Earlier in the week, Cointelegraph contributor Michael van […]
Continue ReadingGMO Coin unveiled BAT lending, Japan’s stay at home order affected crypto businesses, and more headlined news from Japan this past week. This week’s headlines from Japan included GMO Coin unveiling Basic Attention Token (BAT) lending, Nitori using blockchain for furniture logistics, blockchain solution outfit, Ginco, receiving funding from DBJ Capital, Japan’s stay at home […]
Continue ReadingGibraltar’s digital and financial services minister has revealed updates to the territory’s regulation of DLT firms, with new rules addressing market manipulation. Gibraltar’s minister for digital and financial services, Albert Isola, has announced forthcoming regulations to reduce market manipulation among blockchain firms. In an interview with The Banker published April 10, Isola also discussed his […]
Continue ReadingCheck out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half […]
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