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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

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Corporate

Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s website. According to the document, creditors must file their claims by Oct. 22 to be eligible for compensation.

The exchange, which once handled 70 percent of all bitcoin trades worldwide, went bust in 2014, shortly after losing as much as $450 million (850,000 BTC) in what was long the largest theft in pure dollar terms in cryptocurrency history, having now been surpassed by the Coincheck hack that occurred in Jan. 2018.

Insolvent following the theft, Mt. Gox entered bankruptcy, though CEO Mark Karpeles — who served jail time for embezzling funds from the exchange — later recovered approximately 200,000 BTC worth of company funds.

Prior to the exchange’s exit from bankruptcy, Kobayashi attracted criticism within cryptocurrency circles for his decision to cover the exchange’s outstanding liabilities by liquidating its cryptocurrency assets in large batches on spot trading markets, rather than through the over-the-counter (OTC) channels typically used by large-scale traders. Following the company’s entry into civil rehabilitation, Kobayashi pledged that there would be no more surprise sell-offs.

Creditors, moreover, have petitioned to receive their repayments directly in cryptocurrency, specifically in bitcoin and bitcoin cash. While not guaranteed, this is now possible, pending court approval, since the exchange will compensate creditors through civil rehabilitation rather than bankruptcy. Compensation will likely be paid in late 2019.

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Why Merging Cryptocurrency With Today’s Payment Platforms Should Generate Rising Revenue Streams

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Bitcoin Severely

A report by McKinsey & Company on global banking, projected that global payment market revenues are poised to approach $3 Trillion by 2023. As cryptocurrency payment platforms become more common… that number should rise… but the purveyors of traditional payment methods may have to get over their initial reluctance to this new disruptive technology… or they could miss the boat! A recent article in the Bitcoin Exchange Guide addressed this subject:

“One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market… However, as the technology behind cryptocurrency and blockchain finds more use cases, the disruption of the current payment system may not be far behind. Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Xunlei Limited (NASDAQ: XNET), PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Riot Blockchain, Inc. (NASDAQ: RIOT).

The report continued: “Lisa Ellis is an analyst with MoffettNathanson… (recently) stated that she believes that cryptocurrency’s global acceptance could change payment systems. To be clear, she does not believe that the big names like Visa, Mastercard and PayPal will be pushed aside anytime soon, but the… idea of crypto replacing (the traditional standards) is worth exploring. Cryptocurrency has this unique quality of remaining independent of any specific country, and the way that it has jumped in as a saving grace to many countries suffering from hyperinflation is a reprieve.

NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce that it has begun processing cryptocurrency transactions for its first charity partner, HS Aware.

NetCents is a strong believer about being able to invoke change. Change not only on its business side but more importantly throughout our communities with initiatives that positively impact people’s lives. On March 7th, the Company launched its Charity Impact Initiative and we are proud to announce our first charity partnership with HS Aware.

NetCents is providing all registered charities and non-profits free cryptocurrency processing. Any charity that signs up through this initiative is able to accept donations and sell their merchandise and tickets with zero processing fees. Interested charities can visit https://net-cents.com/partners#partners-form to learn more and sign up.

“HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events,” stated Maria Goguen, President of HS Aware. “We’ve had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give.”

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New French Law Allowing Life Insurers to Offer Investments in Cryptocurrencies

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France

In France a law was recently passed known as the Pacte law (Plan d’action pour la croissance et la transformation des entreprises, Action plan for the growth and transformation of enterprises). It will allow life insurance providers to invest in crypto-currencies and tokens without any limitation on the amount that can be allocated.

Les Echos report that a dual provision of the announced act will allow insurers to invest, this will be done through specialized professional funds, in crypto-assets. FPCIs (Fonds Professionnel de Capital Investissement, Professional Capital Investment Funds) which will also be impacted by the measure.

The Pacte law was passed by the French government this week in the National Assembly allowing the insurers to offer life insurance policies exposed to crypto-monies. They note this is the first type of such a product and will be popular in the country.

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Huobi DM To Launch Bitcoin Cash Contracts

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Huobi Group

Users will soon have even more flexibility and choices on Huobi Derivative Market (Huobi DM). Bitcoin Cash (BCH) service will go live tomorrow on the crypto asset contract platform and two more coins are scheduled to be launched before the end of May.

Inclusion on Huobi DM means traders will be able to take both long and short positions on BCH, allowing for arbitrage, speculation, and hedging. Since 2017, Bitcoin Cash’s value has fluctuated between $75.08 and $4,355.62.

In addition to BCH, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and, as of last month, Ripple (XRP). Since its launch in late 2018, Huobi DM has grown rapidly, recently exceeding USD$92 billion in cumulative trading volume.

Features of Huobi DM:

  • Competitive fee structure for BCH: 0.02% to open or close for makers and 0.03% to open or close for takers.
  • Superior risk management: including Price Limit, Order Limit, and Position Limit.
  • Superior risk control: with the sophisticated price limit mechanism, no claw back has occurred since its launch.
  • Real-time risk supervision: Huobi constantly monitor contract prices, index prices, abnormal transactions, and positions.
  • Newly raised open position limits for all crypto contracts to up to twice their previous level and order limits to more than double their previous level.
  • User protections: To cover the societal losses attributed to unfilled liquidated orders/settle incidents in contract trading, Huobi also has a dedicated Risk Management Insurance Fund for each trading pair.
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Mybitcards.com Announces a New Distribution Partner CardCash.com to Sell its Bitcoin Gift Cards in the USA

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Bitcoin core

Mybitcards.com, the company that makes purchasing Bitcoin as simple as buying a gift card, has today announced a new distribution partner for their Bitcoin Gift Cards: www.CardCash.com.

Mybitcards.com has been successful in helping newcomers and seasoned crypto-investors alike purchase Bitcoin by simply purchasing a gift card and then transferring the purchased Bitcoin into a wallet.

Its leadership in the Bitcoin gift card space is not accidental. Various team members have been creating payments solutions for the crypto industry since 2012, while other team members have been in the gift card and payment processing industry for over 28 years.

This partnership has opened an easy Bitcoin purchasing option to millions of new users without the need to deal with exchanges.

“Partnering with CardCash.com allows more people to buy Bitcoin just like they buy any other gift card — quickly and hassle-free,” says Ed Gieske, CEO of Mybitcards.com™ “It’s a much simpler and quicker way to purchase Bitcoin.”

The addition of Bitcoin Gift Cards™ is a lucrative move for gift card retailers, and even more so for their customers. People already go to CardCash.com looking to buy a gift card at a discount. Since Bitcoin and other cryptocurrencies have already demonstrated that their price can grow, purchasing a Bitcoin gift card provides an interesting opportunity for investment.

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Crypto Markets Price Analysis, March 26

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Crypto Wallet

During a meeting with the president of Argentina, American venture capital investor Tim Draper spoke about the potential of blockchain and cryptocurrencies. He also urged the president to legalize Bitcoin to help the nation emerge out of the economic crisis. Later, during an interview, Draper said that he expects Bitcoin to reach $250,000 by 2022 and 2023. If crypto becomes easy to use, he expects people to ditch fiat and opt for Bitcoin.

But for now, companies are finding it difficult to use cryptos as a mode of payment. The latest to ditch cryptos is Amazon-owned streaming service Twitch. The company has not mentioned any specific reason for the decision.

Popular stablecoin Tether recently changed its previous claim that every token in circulation is “100 percent Backed” with fiat currency. It now states that each token is backed by “traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.” This has raised a red flag as Tether has not offered itself for a third-party audit.

BTC/USD

Bitcoin (BTC) has been trading close to $4,000 for the past few days. This small range trading is unlikely to continue for long. We anticipate a large range move within the next few days.

BTC/USD

If the range expands to the upside, the BTC/USD pair can rally to $4,255. This is a major resistance, above which the pair will complete a double bottom pattern, that has a minimum target objective of $5,273.91.

However, if the range expands to the downside, the digital currency can fall to the 50-day SMA. If this support also gives way, the next support to watch on the downside is $3,355.

The 20-day EMA is flattening out and the RSI is just above the center, which points to a consolidation in the near term. Traders can retain the stop loss on the long positions at $3,550. As the bulls failed to scale above the psychological barrier of $4,000, we will trail the stops higher within the next few days.

ETH/USD

Ethereum (ETH) has broken down of the 20-day EMA and the uptrend line. Its next support is at the 50-day SMA below which a fall to $125.88 is probable. If this support also breaks, the digital currency will lose momentum. Therefore, traders can retain the stop loss on the remaining long positions at $125.

ETH/USD

Contrary to our expectation, if the price finds support at the 50-day SMA and reverses direction, it will again try to break out of $144.78. If successful, the ETH/USD pair can rise to $167.32.

However, the 20-day EMA has flattened out and the RSI has also dipped below 50, which points to a consolidation.

XRP/USD

Ripple (XRP) has broken down of the uptrend line and has moved away from the moving averages. This shows that the bears have the upper hand. A break below $0.30 can drag the price to $0.29 and below it to $0.27795. This is a critical support that has held since December of last year. A breakdown of this can result in a retest of the yearly low.

XRP/USD

Contrary to our expectation, if the XRP/USD pair rebounds from the current levels or from one of the supports on the downside, it will again try to rise above the overhead resistance of $0.33108. We anticipate a strong move if the price sustains above the resistance line of the descending channel. For now, traders can keep the stop loss on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) continues to face selling close to the resistance line. On the downside, the bulls are providing support at the 20-day EMA. The RSI is still showing a negative divergence, which is a red signal. A breakdown of the 20-day EMA and the uptrend line of the developing wedge will increase the probability of a fall to the 50-day SMA. Therefore, traders can trail the stop loss on the entire remaining long positions to $55.

LTC/USD

However, if the LTC/USD pair rebounds from the 20-day EMA, it will again try to breakout of the resistance line and rally to its next target objective of $69.2790. Both the moving averages are sloping up, which shows that the bulls still have the upper hand. We expect a decisive move within the next few days.

EOS/USD

The bulls are struggling to hold the 20-day EMA. A failure to bounce off this level increases the probability of a breakdown and a fall to the 50-day SMA, which might hold. With the 20-day EMA flattening out and the RSI close to 50, EOS is likely to become range bound for a few days.

EOS/USD

If the bears sink the EOS/USD pair below the 50-day SMA, it can fall to $3.1534. This is the final support, below which the trend will turn negative. Therefore, traders can protect their remaining long positions with stops at $3.10.

On the other hand, if the pair bounces off the current levels or the 50-day SMA it will again try to break out of $3.8723. If this level is scaled, the next target to watch on the upside is $4.4930.

BCH/USD

Bitcoin Cash (BCH) has risen to the overhead resistance of $163.89 where it is facing some resistance. However, both the moving averages are sloping up and the RSI is close to the overbought zone, which shows that the bulls are in the driver’s seat.

BCH/USD

A breakout of $163.89 is likely to attract buyers, pushing the price to the next overhead resistance of $175 and above it to $220. The BCH/USD pair has a history of vertical rallies, hence, traders can hold the long positions with the stops at $140.

Our bullish view will be invalidated if the digital currency turns down from the current level and plunges below the 20-day EMA. In such a case, the pair might become range bound for a few more days.

BNB/USD

Binance Coin (BNB) soared above the overhead resistance of $16.6442826 and reached very close to our target objective of $18 on March 24. We anticipate a strong resistance at $18. Therefore, we suggest traders book profits above $17, keeping only about 25 percent of the original long position open to ride any move higher. This can be held with a stop loss of $15.

BNB/USD

If the bulls scale above $18, a rally to the lifetime highs of $26.4732350 is probable. This will make the BNB/USD pair one of the first cryptocurrencies to make a new high, which is a positive sign.

However, if the bears defend the $18 level, the price might correct to the 20-day EMA. If this support breaks, a fall to the 50-day SMA is probable. The trend will turn in favor of the bears if the pair sustains below the 50-day SMA.

XLM/USD

After trying to hold the 20-day EMA for the past four days, Stellar (XLM) has broken down of it. This is a bearish sign because this shows a lack of buying at the strong support of the 20-day EMA.

XLM/USD

If the price sustains below the 20-day EMA, the XLM/USD pair can plunge to the 50-day SMA. The uptrend line is just below this support. If the pair breaks below these supports, it can retest the lows.

Conversely, if the digital currency bounces off the current levels, it can reach the resistance line. On a break above $0.13250273, the cryptocurrency can reach $0.14861760. Traders can retain the stop loss on the long positions at $0.08.

ADA/USD

Cardano (ADA) rallied sharply on March 22 and 23, and reached close to our first target objective of $0.066121. With the rise, both the moving averages have turned up and the RSI is also close to the overbought zone. This indicates that the bulls have the upper hand.

ADA/USD

However, the ADA/USD pair is currently facing profit booking. In an uptrend, the pullbacks last anywhere between 1 to 3 days. If the pair bounces off the 20-day EMA, it will indicate strength. The next target to watch is $0.080.

On the other hand, if the digital currency turns down from the current levels and breaks below both the 20-day EMA and $0.051468, it will turn negative. Therefore, we suggest traders keep the stops on the long positions at $0.049.

TRX/USD

Tron (TRX) broke out of the 20-day EMA on March 23 but hit a wall just above the 50-day SMA. Currently, the price is back below the 20-day EMA, which is a bearish sign.

TRX/USD

If the TRX/USD pair breaks down of $0.0220, it can correct to $0.02094452. Both the moving averages are flattening out and the RSI has dipped marginally below 50. This points to a likely consolidation in the short term.

However, if the pair rebounds from the current levels or from $0.0220, it will attempt to break out of $0.02815521, which is a critical resistance. The digital currency will pick up momentum if it sustains above this level. Until then, it will continue to face resistance on every minor rally.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

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North Korea Amassed Cryptocurrency Through Hacking

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North Korea

North Korea has used cyberattacks and blockchain technology to circumvent economic sanctions and obtain foreign currency, according to a panel of experts reporting to the U.N. Security Council.

Pyongyang has amassed around $670 million in foreign and virtual currency through cyberthefts and used blockchain technology to cover its tracks, the panel told the Security Council’s North Korea sanctions committee, ahead of the council’s annual report, Nikkei has learned.

It is the first time the panel has given details on how North Korea obtains foreign currency through cyberattacks.

In its report, the panel recommended that member states “enhance their ability to facilitate robust information exchange on the cyberattacks by the Democratic People’s Republic of Korea with other governments and with their own financial institutions,” to detect and prevent attempts by North Korea to evade sanctions.

The report obtained by Nikkei, which is soon to be formally submitted to the Security Council, says North Korea waged cyberattacks on overseas financial institutions from 2015 to 2018. Economic sanctions imposed on Pyongyang over its nuclear and missile programs have restricted the North’s exports of coal, a key earner of foreign exchange.

The government has stolen money through cyberattacks, creating a pool of illicit funds that has grown since 2016, the panel said. The attacks are believed to be conducted by a specialized corps within the North Korean military and are now an important part of North Korean government policy.

Over 10 million users of Interpark, a South Korean e-commerce site, have had their personal information stolen in cyberattacks. Hackers demanded a total of $2.7 million in ransom in exchange for returning the stolen data.

The South Korean government has determined that the thefts were carried out by the North. The U.N. experts believe the attacks were aimed at obtaining foreign currency.

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PrimeXBT To Expand Influence As Crypto Winter Comes to An End

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PrimeXBT, the 4th generation cryptocurrency exchange and trading platform that has the entire industry buzzing, is hard at work for preparing for the cryptocurrency market’s next major expansion.

For over a year now, the prices of top cryptocurrencies have been falling. PrimeXBT has helped traders who were eager to profit off of falling prices by offering short-selling with 100x leverage across all crypto assets. With the current Crypto Winter nearing an end, PrimeXBT is aiming to aggressively expand its influence in the market and launch exciting new features in the coming days.

How PrimeXBT Has Captured The Crypto Market’s Attention

With declining prices everywhere, and trading ranges tightening as prices of top cryptocurrencies consolidate and the market bottoms, PrimeXBT has been among the most profitable platforms for traders across the globe.

When volatility dries up, price swings are a lot fewer and further in between, and are often less violent than traders in the cryptocurrency market have grown accustomed to. This leads to less overall profit for traders who were used to the massive profits generated during the previous bull run.

Enter PrimeXBT, a newcomer in the crypto market that launched this past February to much hype and excitement across the industry. Despite the platform being new, it’s been built from the ground up using decades of experience across traditional markets – the team behind PrimeXBT knows how to turn profits in any market conditions, and are arming traders with all the tools they need to succeed.

PrimeXBT offers the most leverage available anywhere in the crypto space, with 100x leverage being available across not only Bitcoin, but Litecoin, Ripple, EOS, and Etheruem too. No other crypto exchange even comes close, not even BitMEX.

Even More Features: PrimeXBT Crushes All Competition

In addition to profit-driving features such as 100x leverage and short-selling to profit off the bear trend, PrimeXBT has many other features that can help traders to gain a competitive advantage in today’s market.

Advanced Charting Tools

The cryptocurrency market can be difficult to predict. Last month, Bitcoin neared its previous bottom only to surge over 10% to $4,200. Once it reached the local high, the price was swatted down by bears to $3,800.

Using the advance charting tools found at PrimeXBT, traders can better anticipate upcoming movements, and prepare themselves to extract the most profit out of price swings, regardless of which direction the price goes.

Charting can help traders identify the direction, or help to discover resistance and support areas to set entry or exit prices that ensure the highest level of profitability.

Multiple Order Types

Price consolidation can be confusing for traders who are unsure as to which direction the market will move next. We already know that the advanced charting tools can help traders prepare. PrimeXBT takes this a step further by offering multiple order types, as well as the ability to set stop loss and take profit prices as an order is being placed.

Even if a trader forgets to set these important stop loss and take profit prices, PrimeXBT allows submitted orders to be edited to add this information and ensure the trader leaves no profit on the table.

Aggregated Liquidity

Traders want the best price always. Unfortunately, many exchanges suffer from low liquidity as traders have exited the cryptocurrency market. Not, PrimeXBT. The trading platform sources liquidity from 12 different locations, ensuring the traders can tap into unrivaled liquidity and ensure the best entry or exit prices.

Never sit waiting for an order to execute again.

Bank-Grade Security and Infrastructure

Aside from waiting for orders to fill, nothing is more frustrating than submitting an order only to get an “order submission error.” PrimeXBT offers the most stable and reliable experience found in the crypto market, thanks to bank-grade infrastructure. PrimeXBT’s platform is extensively tested for reliability, in addition to security and safety.

PrimeXBT’s bank-grade quality also extends to the level of security if offers to traders, and offers unique features such as address whitelisting, two-factor authentication, and so much more.

Even More Features

PrimeXBT requires no KYC process, keeping your personal details private. The platform offers multiple ways to deposit funds, from simple Bitcoin deposits, to fiat currencies like USD and EUR, and even other cryptocurrency types.

The advanced trading platform also encourages users to customize their experience through a number of helpful widgets, and boasts dual-screen support for professional traders that need to watch multiple assets at once.

PrimeXBT Helps Traders Increase Profitability In More Ways Than One

The users of PrimeXBT have more than one way to turn a profit in the cryptocurrency market. In addition to the best profit-driving trading tools the market has to offer, PrimeXBT also creates an opportunity for near endless revenue driving through its 4-level affiliate program.

Traders can spread the word about PrimeXBT’s features, and in turn earn revenue from any traders they refer to the platform. Unlike other exchange’s referral programs, PrimeXBT lets you earn revenue from not only the traders you refer, but any traders your referrals refer as well.

PrimeXBT: What’s Next for the Crypto Market?

PrimeXBT already has all of the features any cryptocurrency trader could ask for, so what possibly could they be cooking up that has the industry in such an uproar? At the moment, they’re not saying, but a spokesperson for the platform has promised that “exciting new features” are coming to the platform “very soon.”

Traders everywhere have already begun speculating as to what else PrimeXBT can offer when the platform already has so many tools to choose from, but given the 4th generation platform being backed by decades of market experience, anything is possible.

With the Crypto Winter coming to a close, the market is ready to expand again and PrimeXBT is preparing to help traders grow their profits to unprecedented heights.

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TradingView Lists HB10 As Its First Crypto Index

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In yet another sign of the continued maturation of the cryptocurrency industry, HB10, Huobi’s crypto-based index, has been added to the well-known financial trading charts & analysis platform TradingView. It is the first such product listed on TradingView.

“As a go-to site for high-volume and API traders as well as the retail commodity, forex, and of course crypto trading community around the world, we feel TradingView is a perfect fit for HB10,” said Livio Weng, Huobi Global’s CEO. “We’re both pleased and honoured to have ours be the first crypto fund of its kind listed there.”

A weighted fund consisting of the nine biggest cryptocurrencies by trading volume as determined through stratified sampling (plus Huobi Token, Huobi’s native token), HB10 was launched last year as part of Huobi’s ongoing efforts to meet the needs of the global cryptocurrency community as well as the financial markets at large. In addition to adding HB10, all of of Huobi’s coin-to-coin trading pairs have also been added to TradingView, providing plentiful options for traders looking to get involved in arbitrage and other forms of trading. “This is just the beginning,” said Weng. “As additional coins and pairs are added to Huobi Global, they will also appear on TradingView as well.”

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Bitcoin SV Team Fixes Vulnerabilities for Multiple Bitcoin Blockchains

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Bitcoin SV

In their tireless dedication to making Bitcoin SV (BSV) the most secure, professional cryptocurrency on the market, the Bitcoin SV Node implementation team, a division of nChain, are always on guard. As a part of that effort, the team, working with Trail of Bits, recently caught three medium severity vulnerabilities in BSV, likely inherited from Bitcoin Core (BTC) and Bitcoin Cash (BCHABC), and immediately moved to address them.

In a recent press release, nChain detailed the three vulnerabilities, which have already been fixed by the February 11 0.1.1 release of Bitcoin SV Node. All three weaknesses in the code would allow bad actors to overload the network and node processors with useless packets, potentially overloading the system with traffic. It should be noted that the potential damage would not leave businesses or users at risk of losing any funds or transactions.

This is a great catch by the teams involved. Although a slow and crippled network might be par for the course for BTC because of its inability to scale, overlooking this weakness harms adoption and enterprise use cases for cryptocurrency.

Keeping the BSV environment secure and efficient is part of the routine for the Bitcoin SV Node implementation team. Steve Shadders noted in a January podcast that every piece of code goes through a process of error checking to ensure the network does not get exposed to harm.

In this case, a full security audit, partially funded by CoinGeek, helped catch the vulnerabilities. Daniel Connolly, Bitcoin SV Node Lead Developer, commented:

“By organising this security audit (with funding by CoinGeek) and by sharing the results in a responsible and secure manner, the Bitcoin SV Node team, nChain and our partners at CoinGeek demonstrate our commitment to increase the quality of Bitcoin software and professionalise the engineering process.”

By finding the weaknesses, the team not only improved BSV, but also showed the BTC and BCHABC teams how they can fix the same vulnerability in their code. That benevolence is further proof of BSV’s aim to be a more grown up and professional cryptocurrency.

The Bitcoin Association’s Founding President Jimmy Nguyen remarked, “The results and improvements exemplify how the Bitcoin SV Node team is taking steps to prepare Bitcoin SV to have the reliability needed to become the world’s new money and the global enterprise blockchain. It also demonstrates that Bitcoin SV is now leading the Bitcoin industry, even helping other projects that deviated from the Satoshi Vision for Bitcoin.”

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Kraken offering a $100,000 Reward for Discovery of Quadriga Coins

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Kraken

The Kraken mission is to accelerate the adoption of cryptocurrency so that the world can benefit from greater financial freedom and inclusion. This is why we’ve consistently done more than provide one of the best crypto exchange experiences.

Since 2014 we have invested significant resources and lent our crypto expertise to the MtGox trustee and investigators, supporting the return of as much client funds as possible and as soon as possible. Events like this impact the entire industry, which is why we want to get involved if there’s a way we can help.

About a month ago, on January 26, QuadrigaCX (a Canadian crypto exchange with clients around the world) suspended operations. Seven weeks prior, their CEO passed away suddenly and unexpectedly, leaving the business without a continuity plan.

Supposedly, he was the only person who knew the location of and/or could access the client funds (fiat and crypto) totaling approximately $190 million US dollars (belonging to 115,000 clients). Some say the events and circumstances surrounding this case are too suspicious to be believed.

Kraken wants to bring awareness and attention to this case, in hopes that we can help discover some or all of the missing client funds.

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