blockchain

Breaking: Crypto Exchange Livecoin Announces Closure After Failing to Resolve Issues Post Hack

Livecoin, one of the largest Russian exchanges just announced that it will be closing down operations. The official announcement noted that the exchange could not recover from the financial and technical losses incurred due to a hack in December 2020. Thus they have decided to seize their operations and return the remaining funds to their
The post Breaking: Crypto Exchange Livecoin Announces Closure After Failing to Resolve Issues Post Hack appeared first on Coingape. …

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Russian exchange, Livecoin terminates services after abrupt hack

TL;DR Breakdown: Livecoin has decided to close its business and repay users. The exchange was involved in a cyber-attack that took away their control of the platform. Livecoin, one of the long-running digital currency exchanges in Russia, has been forced to shut down its services after several attempts to regain control of the platform’s server. […] …

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Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency

Bitcoin (BTC) remains a hot topic of discussion among top delegates and institutions of the world. The former U.S. Treasury Secretary Larry Summers has recently endorsed Bitcoin saying that it is here to stay. During an interview with the Bloomberg Wall Street Week, Summers said: “I think some institution, like Bitcoin (BTC), is here to stay.
The post Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency appeared first on Coingape. …

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Bitcoin exchange operator seeks compensation over banned bank accounts

TL;DR Breakdown: A Bitcoin exchange operator in Australia has filed proceedings against Westpac and ANZ. The banks were alleged to have closed his accounts lawfully, which affected the exchange operation. An Australian Bitcoin exchange operator and the trader has filed proceedings against two banking institutions in the country, namely Westpac and ANZ, according to a […] …

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Ripple legal strategy against SEC lawsuit revealed —Report

TL;DR Breakdown Ripple prepares defense for SEC lawsuit. The pretrial conference of the case is set for February 22. A new report has shown how Ripple is planning to defend the lawsuit filed against it by the Securities and Exchange Commission (SEC) of the United States. Yahoo Finance published the report. According to the lawsuit, […] …

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Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

The new BTC mining establishment will focus on offering expertise and financial services to crypto miners. It will also launch its own project to mine Bitcoin on a proprietary basis. …

blockchain

Move Over BitCoin… There’s a New Chief in Town!

ExMarkets and CoinMargin exchanges launch NativeCoin (N8V) Cryptocurrency Initial Exchange Offering! John Simmons, former chairman of the Nisqually Tribe (which operates the Red Wind Casino), wants to make it perfectly clear: “Move over Bitcoin, because there’s a new chief in town!” That new chief in the world of cryptocurrency is NativeCoin (N8V ), a sovereign […] …

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On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all

Demand for Bitcoin increased multifold in 2020.
The post On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all appeared first on CryptoSlate. …

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Bitcoin is a speculative asset that has conducted some funny business – ECB boss Christine Lagarde

TL;DR Breakdown Head of European Central Bank thinks Bitcoin is encouraging money laundering. Investor Mike Novogratz says banks are the most notorious facilitators of money laundering. As Bitcoin price generates more buzz each day, some top-level people like Christine Lagarde are yet to accept the fact that the top coin is here to stay. Christine, […] …

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Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury

The official has spearheaded progressive technology regulation for the East coast city.
The post Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury appeared first on CryptoSlate. …

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Miami mayor mulls diversifying city’s reserve to Bitcoin

TL;DR Breakdown: Miami mayor is considering investing the city’s funds in Bitcoin. This comes as part of the plan to make Miami a crypto-friendly territory. The first Miami-born mayor, Francis Suarez, is optimistic about the largest cryptocurrency, Bitcoin (BTC), and he’s looking to make the city a Bitcoin-friendly region. During an interview with FOX Business […] …

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Native Token PACT releases on P2PB2B

P2PB2B exchange launches its own PACT token and will be granting it to the community from January 19. To have their own state within the crypto world is the PACT creators’ goal. The token holders will not only have their advantages but will also participate in a system with wide opportunities for trading, task completion, […] …

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XRP Price Rallies Over 31% WoW Courtesy Asian Exchanges and SECs Administrative Changes

XRP price has rallied by over 31% in the past week despite US-based crypto exchanges continue to delist XRP from their platforms. XRP price recovered from a low of $0.18 in the past week of SEC lawsuit against Ripple and traded over $0.33 briefly before falling back to current $0.28 support region. Data Supports Ripple
The post XRP Price Rallies Over 31% WoW Courtesy Asian Exchanges and SECs Administrative Changes appeared first on Coingape. …

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Report: Chinese MicroBT is planning a US IPO

TL;DR Breakdown: MicroBT is reportedly planning to go public in the United States. It intends to boost production capacity through the IPO. MicroBT, one of the leading Chinese Bitcoin mining machine makers, is preparing to go public in the United States through Initial Public Offering (IPO). Chinese blockchain reporter Colin Wu (Wu blockchain) reported the […] …

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Fidelity International Increases Stake In A Hong Kong Cryptocurrency Exchange Operator

BC Group, the company operating the Hong Kong-based crypto exchange for professional investors OSL, has received another nod of approval from Fidelity. …

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Digital currencies disrupting the traditional finance world

Digital currencies, which include the well-known Bitcoin, Qoin, and Ethereum among others, are taking off across the world, particularly in emerging markets. The growth of digital currencies is bringing transformational change to the finance sector, partially as a result of adaptations that must be made by traditional financial institutions in order to stay competitive in a digital […] …

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Here’s why the UK financial regulator said crypto investors can “lose all their money”

The regulator issued the warning shortly after crypto markets took a hit on Monday.
The post Here’s why the UK financial regulator said crypto investors can “lose all their money” appeared first on CryptoSlate. …

BTC Liquidity Crisis? Bitcoins on Exchanges Decrease as Whales Continue Accumulating

Is bitcoin in a liquidity crisis? The number of whales, BTC stored on exchanges, lost coins, and institutions allocating billions suggest so. …

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Morgan Stanley Boosts Over 10% Stake In Bitcoin (BTC)-backer MicroSrategy

Almost every big financial institution in the world has started believing in the Bitcoin (BTC) story. Even the strong Bitcoin critics aka banking institutions are considering exposure to the world’s third-largest asset class in one or the other way. As per the latest Bloomberg report, American banking multinational Morgan Stanley increased its stake to more
The post Morgan Stanley Boosts Over 10% Stake In Bitcoin (BTC)-backer MicroSrategy appeared first on Coingape. …

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Bitcoin Futures Platform Bakkt Reportedly Planning To Go Public at a $2 Billion Valuation

While Bakkt’s former CEO has officially lost her Senate seat, the company is reportedly in talks for a merger that will allow it to go public. …

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Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

An interview by Alyona KarpinskayaInterviewing: Norbert Goffa Currently, everybody is talking about the skyrocketing price of Bitcoin. Did you expect that Bitcoin would reach its all-time high by the end of 2020? Frankly, I did not. I expected it to strengthen more by the end of the year, but nobody figured that it would happen […] …

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$1.63B in Bitcoin purchases is powering the majority of Square’s Q3 revenues

Bitcoin is powering a Fintech giant’s revenues for this quarter, data released on Thursday showed.
The post $1.63B in Bitcoin purchases is powering the majority of Square’s Q3 revenues appeared first on CryptoSlate. …

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Cameron Winklevoss: The Fed Hacks The US Dollar

One of the founders of the popular cryptocurrency exchanges, Gemini, Cameron Winklevoss, made a witty comment that the US Federal Reserve “hacks” the US Dollar.
The post Cameron Winklevoss: The Fed Hacks The US Dollar appeared first on CryptoPotato. …

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Ethereum Price Analysis: ETH Bulls Back in Business But Will $250 Finally Fall?

It appears that ETH bulls are back at it following a push to $245 today. However, will this be enough for the cryptocurrency to finally surge past $250?
The post Ethereum Price Analysis: ETH Bulls Back in Business But Will $250 Finally Fall? appeared first on CryptoPotato. …

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EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team decides on a way forward. Yesterday’s price movement of US Crude Oil shocked everyone. The majority of traders were confident that the price of the […] …

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Indonesia’s Bappebti Gives Zipmex Crypto Exchange The Green Light

The Indonesian Commodity Futures Trading Regulator, or Bappebti, has officially registered Zipmex, a Singapore-based crypto exchange, to operate within its borders. Zipmex will now be capable of pushing its services within the Southeast Asian country’s borders, under the watchful eye of its regulator. Introducing Crypto Regulation In Indonesia This comes shortly after Indonesia decided to […]

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GoldFinX blockchain aims to bring transparency to gold mining

The GoldFinX blockchain aims to bring more transparency into the conventional gold mining operations using blockchain. The new solution will allow users to track gold right from the mining stage to the final destination in the supply chain. Hopefully, it will bring more clarity about ore mining – a process often viewed with skepticism. As […]