Day: April 19, 2019

QuadrigaCX CEO Feared for Life, May Have $200 Million Dead Man’s Switch

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: The late CEO of QuadrigaCX crypto exchange Gerald Cotten feared for his life due to the vast amounts of funds he exclusively controlled, a former colleague and friend…

QuadrigaCX CEO Feared for Life, May Have $200 Million Dead Man’s Switch

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: The late CEO of QuadrigaCX crypto exchange Gerald Cotten feared for his life due to the vast amounts of funds he exclusively controlled, a former colleague and friend…

Binance Unveils Fiat-to-Crypto Bitcoin Exchange in Singapore

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Binance, a leading cryptocurrency exchange with more than $890 million in 24-hour trading volume, has announced the impending launch of its crypto-to-fiat exchange platform in Singapore, reports FXStreet on April 18, 2019. Binance Singapore Set to Go Live Per sources close to the matter, Binance exchange has revealed plans to launch a crypto-to-fiat cryptocurrency trading platform and exchange in Singapore in the coming days. The exchange will initially test the waters with bitcoin (BTC) and other digital assets will be listed on the platform as time goes on, says the…

Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

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The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan on April 18. BXA CEO BK Kim told Cointelegraph Japan in an interview that BXA’s strategy is to pursue a so-called reverse merger route by acquiring a publicly-traded company that is already listed on either Nasdaq or the New York Stock Exchange (NYSE). The route can be a faster way…

Bitcoin and Ether Market Update: April 19, 2019

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Total crypto market cap increased by $1.8 billion to $171.1 since Wednesday, April 17. Top ten currencies are mostly in red for the 24-hour period with Binance Coin (BNB) once again being the exception with 8.2 percent gains. At the time of writing, bitcoin (BTC) is trading at $5,259 on the Bitfinex daily chart, while ether (ETH) stands at $172 and Ripple’s XRP dropped to $0.332. BTC/USD Bitcoin successfully confirmed its uptrend by bouncing back from the $5,040 level on April 16 and forming its second consecutive green candle on…

VC Firms Pour Huge Money in Crypto Starups, Coinbase Unveils 2018 Earning

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Photo: Rian Castillo / Flickr Big corporations and venture capital companies are pouring huge sums of money in crypto and blockchain startups, says a Reuters report. While not exposing themselves directly to the volatile crypto assets, the big corporations are supporting startups developing protocols for blockchain and crypto. So far in 2019, over $850 million worth investments have already arrived in the crypto sector. Last year in 2018, despite the severe crypto meltdown, the crypto and blockchain sector attracted investments worth a whopping $2.4 billion. More importantly, giants like Microsoft…

Bitcoin Cash Removal Amid Bitcoin SV Delistings Was Coincidence

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Japanese financial services giant SBI Holdings says the removal of bitcoin cash (BCH) from its exchange this week was not a result of the other deslistings involving bitcoin SV (BSV), Cointelegraph Japan reported April 19. SBI, which has never offered BSV trading, sparked controversy when executives moved to delist BCH, as it was BSV which had become the target of a cross-industry boycott. As Cointelegraph reported, multiple major exchanges have announced they will stop supporting BSV due to the legal threats made by Craig Wright and Calvin Ayre, its major…

PR: Monarch Blockchain Corporation Now Supports Bitcoin Cash in Monarch Wallet

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Monarch Wallet Update Brings Bitcoin Cash (BCH) Support In-App The Monarch Wallet now supports Bitcoin Cash (BCH). Users can now store, send, and receive BCH in-app. Qualified Users Can Earn Interest & Purchase BCH in-app using their Credit Card. Monarch Wallet Update adds Bitcoin Cash (BCH) to its list of over 1900 supported cryptocurrencies. Users can now Store, Send, and Receive BCH with Monarch’s Decentralized Universal Crypto Wallet. Monarch Blockchain Corporation’s latest update to the Monarch Wallet brings support for Bitcoin Cash (BCH) in-app. Users can now store, send and…

FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger

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The United States Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty for a California resident accused of wilfully violating money transmission laws in his work as a peer-to-peer exchanger of virtual currencies. The news was announced in an official FinCEN news release on April 18. FinCEN — the U.S. Treasury Department’s financial crimes unit — says the move represents its first enforcement action against a peer-to-peer cryptocurrency exchanger. Eric Powers of Kern County, Calififornia, has been served a $35,000 fine and debarred from any future activities that…

Coinbase’s 2018 Revenue Is 60% Less Than Projected by the Firm: Report

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Major global crypto exchange Coinbase reportedly saw around $520 million in revenue last year, Reuters reported on April 18. The publication calculated the sum by looking at a filing to Britain’s corporate registry last week showing Coinbase’s non-U.S. revenue equaled around 154 million euros ($173 million), noting that a Coinbase executive once stated that the non-U.S. revenue is equal to almost one third of the overall revenue Based on Reuters’ calculations of Coinbase’s 2018 revenue, the crypto exchange has generated 60% less than its stated plans. In late October 2018,…