Celebrity investments are boosting crypto, but the industry still needs to build killer apps. Marketing loves celebrities — and with good reason. They’re “celebrated” people, individuals invested with bulk quantities of cultural capital (i.e., public respect, goodwill and interest), which — if tapped correctly by marketing firms — can be reflected onto endorsed products. This […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]
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The decisions over rehabilitation claims have been sent to customers of Bitcoin exchange Mt. Gox. Nobuaki Kobayashi, trustee of the notorious Japanese Bitcoin (BTC) exchange Mt. Gox, has announced Wednesday, April 3, that all creditors who had filed rehabilitation claims have received decisions. In late March, Kobayashi had announced that the processing of filings had […]
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The number of active Bitcoin wallets increased two weeks before the recent spike in cryptocurrency markets. The number of active Bitcoin (BTC) wallets increased in the two weeks leading up to the recent cryptocurrency surge, Bloomberg reported on April 3. Citing market intelligence firm Flipside Crypto’s analysis, Bloomberg reported that a high number of digital […]
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The trustee of Mt.Gox has announced that he has concluded the processing of creditors’ rehabilitation claims. Nobuaki Kobayashi, trustee of the now-defunct Bitcoin (BTC) exchange Mt. Gox, has announced he has concluded the processing of creditors’ rehabilitation claims and that they will be notified of the results within days. The announcement was published in an […]
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A user managed to create a transaction for 1 trillion EOS tokens, several times more than the entire circulating supply. Blockchain protocol EOS (EOS) has dismissed worries over a recent transaction that hypothetically would be worth over $3 trillion. As picked up by Whale Alert, a Twitter account monitoring large transactions on cryptocurrency blockchains, […]
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A new movement “GoxRising” is calling for a speedier rehabilitation plan for creditors of the now-defunct BTC exchange Mt.Gox, with the long-term aim of rebooting the platform. A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of […]
Continue ReadingNew Zealand-based digital assets exchange Cryptopia was allegedly hacked on Jan. 15. In what seems to be one of the first major security breaches of 2019, New Zealand-based digital assets exchange Cryptopia was allegedly hacked this week. The platform reported the incident via Twitter on Jan. 15, mentioning “significant losses.” While the incident has been […]
Continue ReadingNew Zealand digital assets exchange Cryptopia has suspended services after reportedly detecting a major hack that has allegedly resulted in significant losses. New Zealand digital assets exchange Cryptopia has suspended services after detecting a major hack that has reportedly “resulted in significant losses,” according to a tweet posted today, Jan. 15. The exchange revealed in […]
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