[ad_1] Remember that wild cryptocurrency story from earlier this year? The one where a Canadian exchange shut down shortly after co-founder and CEO Gerald Cotten died, claiming he was the only one who could access its wallets. Wallets that should’ve stored assets for 76,000 customers with a value of around $200 million (CAD). If any […]
Category: Cryptocurrency
Facebook reportedly courting help from Winklevoss twins for its cryptocurrency
[ad_1] According to the report Facebook has also held conversations with Coinbase about the possibility of storing and converting the company’s planned coin. While Coinbase is one of the largest and most popular cryptocurrency exchanges, Facebook reportedly has its eye on Gemini because of its close ties to regulators. Gemini recently launched an ad campaign […]
HTC will release a cheaper blockchain phone later this year
[ad_1] HTC has revealed one tantalizing detail, though: the phone will double as a full node. That means the device can act as one of the distributed points that validate and relay transactions on the Bitcoin blockchain. It won’t be able to mine any cryptocurrency, but Phil Chen, Decentralized Chief Officer at HTC, told Engadget […]
Facebook lifts some restrictions on blockchain ads
[ad_1] The company still has a blanket ban on ads for initial coin offerings and binary options, though. On June 5th, it will also implement a ban on contracts for difference (CFDs). These are complicated financial products that are typically linked to “predatory behavior,” Facebook said. The internet giant said that it softened its approach […]
Hackers stole $40 million from a major Bitcoin exchange
[ad_1] Not the best of days, but we will stay transparent. Thank you for your support!https://t.co/Y1CQOatEpi — CZ Binance (@cz_binance) May 7, 2019 “The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” wrote Binance CEO Zhao Changpeng in a statement. “We must conduct […]
Facebook’s new crypto platform could rival Apple Pay
[ad_1] WSJ says Facebook has been working on the venture codenamed Project Libra for over a year. It reportedly designed the system to be used for personal transfers and purchases not just on its own platform, but also on other websites. The system would work like other checkout options, such as PayPal, that people could […]
E*Trade may offer trading for Bitcoin and Ethereum
[ad_1] E*Trade wouldn’t comment on the report. While trading in virtual currencies certainly isn’t a novelty, E*Trade’s involvement could give it legitimacy among mainstream investors who might not want to venture beyond familiar names or are skittish given the occasional scandal. The influx of more conventional traders might also help stabilize a crypto market that […]
Cryptocurrency exchange accused of covering up $850 million loss
[ad_1] The AG says Bitfinex lost access to funds it had transferred there after regular banks stopped handling its business and subsequently dipped into $900 million of Tether’s cash reserves. According to the filing, Crypto Capital Corp. told Bitfinex the funds were “seized by governmental authorities in Portugal, Poland, and the United States” but the […]
Square will offer its new crypto employees payment in Bitcoin
[ad_1] #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why? — jack (@jack) March 20, 2019 There has been no further information beyond […]
US arrests cryptocurrency exec over ‘multibillion-dollar’ fraud
[ad_1] OneCoin is still running, and has apparently been very lucrative. The firm made about €2.2 billion ($2.5 billion) in profit just between 2014 and 2016, according to the US Justice Department. A third defendant already charged in the scheme, Mark Scott, was said to have laundered over $400 million through banks in places like […]