June 4, 2019

US Federal Bureau of Investigation Calls for QuadrigaCX Users to Provide Information

June 4, 2019 boss

The United States Federal Bureau of Investigation (FBI) called for former users of the QuadrigaCX cryptocurrency exchange to provide information in an official announcement published on June 3. Earlier this year, QuadrigaCX had filed for creditor protection after the unexpected death of its founder left more than $145 million in funds apparently inaccessible. The FBI announcement asks people who lost funds due to the insolvency of the exchange in question to fill in a questionnaire asking about various details concerning their experience with the company and personal data: “If you…

Dutch Crypto Exchange Blockport to Attempt Relaunch After Bankruptcy Caused by Failed STO

June 4, 2019 boss

Amsterdam-based crypto exchange Blockport will attempt a relaunch after the firm said it would shut down its platform by the end of May, tech news outlet The Next Web reports on June 4. On May 22, Blockport was declared bankrupt by a Dutch court, following the firm’s unsuccessful security token offering (STO) of Blockport Securities (BPT) tokens. Blockport first announced its STO in March, describing its BPS token as a security token that is pegged to a stake in Blockport and enables holders to profit sharing through dividends. Launched on…

Justin Sun’s Crack Team to Save Doom-Bringer Buffett

June 4, 2019 boss

By CCN: In the past week or so TRON CEO Justin Sun teased his followers with multiple announcements concerning upcoming…er, announcements. His tweets were enough to launch the values of TRX and BitTorrent (BTT) to between 20% and 40% gains, cementing Sun’s reputation as crypto’s prime hype-man. But just when you thought Justin Sun couldn’t get any worse…he goes and totally redeems himself! As part of Sun’s recently won $4.5 million lunch date with “rat poison squared” Warren Buffett, Sun can take half a dozen or so guests with him.…

The World’s Biggest Crypto Exchange is Testing a British Pound Stablecoin

June 4, 2019 boss

By CCN: Binance CEO Changpeng Zhao let the cat out of the bag on Twitter late last night: Binance is launching its own stablecoin. This guy inadvertently coaxed major news out of Binance CEO Changpeng Zhao. Source: Twitter Binance’s Last Mile: Its Own Liquidity Market? A user hoped to see a true stablecoin, pointing out that all of the existing options were down at least 2%. CZ responded that the exchange is currently in “testing” phases for its stablecoin product. CZ Binance announced that the company is currently testing its…

The World’s Biggest Crypto Exchange is Testing a British Pound Stablecoin

June 4, 2019 boss

A Coinbase Whale May Have Caused Bitcoin Selling “FOMO”

June 4, 2019 boss

Hours before the ten percent dump, a crypto “whale” transferred 25,160 BTC to Coinbase, amounting to $213.4 million. This spiked fear on crypto Twitter and was followed by bitcoin briskly breaking it’s $8,200 support and the $8,000 psychological zone. The trader promptly transferred the same 25,160 BTC out of Coinbase in two transactions. Emotional Manipulation over Price This entire advent goes to show that an actual large scale liquidation isn’t necessary to cause a cryptocurrency dump. The psychological fragility in crypto is proving to be a far more useful tool…

The Proof of the Working Products Is the Reason for Market’s Revival?

June 4, 2019 boss

The cryptocurrency market reflects how participants feel about blockchain’s progress, namely its biggest obstacles and how projects using blockchain navigate them. These feelings and perceptions determine how people act in the market, and there are times when the majority are all in agreement. Typically, periods of concentrated optimism or pessimism about blockchain push the price of nearly every cryptocurrency up or down, and there’s always a fundamental theme providing some sort of definable impetus for these movements. Each cycle of up-then-down can be attributed to something different. The last bull…

The FBI Is Looking for QuadrigaCX Victims

June 4, 2019 boss

Multiple criminal investigative agencies within the U.S. are looking into the circumstances of the now-defunct Canadian crypto exchange QuadrigaCX. According to a press release published Monday, the FBI, the Internal Revenue Service’s Criminal Investigation division (IRS-CI), the U.S. Attorney General’s office for the District of Columbia and the Department of Justice’s Computer Crime and Intellectual Property Section are investigating the exchange, which filed for bankruptcy following the death of its founder and a months-long civil rehabilitation process. The FBI published a questionnaire for victims, asking for personally identifying information, contact…

Binance Launches Native Trust Wallet on Binance Decentralized Exchange (DEX)

June 4, 2019 boss

Binance, the world’s second largest crypto exchange by adjusted volume, has released its official Trust Wallet on its decentralized trading platform Binance DEX. The news was revealed in a press release shared with Cointelegraph on June 4. As previously reported, Binance acquired Trust Wallet — an open source, decentralized wallet that initially offered native support for ethereum (ETH) and ETH-based tokens — in summer 2018. At the time, Binance had revealed its plans to list the wallet as the default wallet on its forthcoming decentralized exchange (DEX) — then still…

Bitcoin Price Lost $700 and Dropped Below $8,000 in Just a Couple of Hours

June 4, 2019 boss

Photo: QuoteInspector Bitcoin was doing quite well over the last several weeks showing pleasant for investors growth rates. But last night just in a matter of minutes it suddenly lost almost $1,000 and fell below $8,000 price level. Nevertheless, by the press time, Bitcoin price has started to gain. Now it is trading for $ 8,011.99. It means that over the last 24 trading hours it has lost over 6%. However, the good news is that its price is still twice higher than it was at the beginning of this…