Day: June 5, 2019

There’s 100 Unclaimed Bitcoin Cash Wallets Hidden Worldwide

boss

Over the last few months, the geocaching treasure hunt Findbitcoin.cash has gathered a bunch of new hidden BCH treasures. At the time of publication, there are approximately 105 concealed bitcoin cash wallets hidden all over the world with a large portion of these funds hidden in the U.S. and Australia. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading Hide Treasures or Become a BCH Scavenger With Findbitcoin.cash Bitcoin cash supporters have seen a ton of innovative projects over the last few months and some of them…

There’s 100 Unclaimed Bitcoin Cash Wallets Hidden Worldwide

boss

Over the last few months, the geocaching treasure hunt Findbitcoin.cash has gathered a bunch of new hidden BCH treasures. At the time of publication, there are approximately 105 concealed bitcoin cash wallets hidden all over the world with a large portion of these funds hidden in the U.S. and Australia. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading Hide Treasures or Become a BCH Scavenger With Findbitcoin.cash Bitcoin cash supporters have seen a ton of innovative projects over the last few months and some of them…

Bitcoin Investors Harmed After Coinroom Closure, BTC Support at $7,500

boss

Bitcoin under pressure, down 3.4 percent in 24 hours Another exchange disappears with user funds Coinroom clients are counting losses after the exchange abruptly closed. Some clients had more than 2 BTCs in their accounts. Meanwhile, Bitcoin is stabilizing, down 3.4 percent in the last day. Bitcoin Price Analysis Fundamentals Losing funds, either through theft of lost private keys, is a traumatic experience. Should a regulated exchange suffer a hack and funds stolen, there is always a legal route for a possible recompense. However, in extreme cases like QuadrigaCX, where…

Dutch Billionaire John De Mol Files Lawsuit Against Facebook Over Fraudulent Crypto Ads

boss

John De Mol, a Dutch billionaire responsible for the local Big Brother and The Voice shows, filed a lawsuit against Facebook over crypto ads using his image without permission, Reuters reports on June 5. Per the report, the ads promoted cryptocurrency scams using Mol’s image, which allegedly damaged his reputation. The ads in question reportedly advertised fake cryptocurrency-related businesses or encouraged users to send money to buy bitcoin (BTC), all while claiming that the projects have Mol’s baking or involvement. According to Reuters, Mol’s lawyers claim that consumers have lost…

Ex-Bitmain CEO Jihan Wu Unveils China’s Future Bitcoin Monopoly

boss

By CCN: Bitcoin billionaire and former Bitmain CEO Jihan Wu is set to launch a new crypto trading platform next month that could eventually be granted a monopoly by the Chinese government. Jihan Wu Reveals New Path in Wake of Bitmain IPO Disaster Wu’s project, called Matrix, will be a custody and trading firm with substantial ties to Bitmain, one of the world’s largest crypto mining conglomerates. The news was first reported by The Block. It was assumed that Wu left Bitmain in disgrace upon his replacement as CEO in…

Ex-Bitmain CEO Jihan Wu Unveils China’s Future Bitcoin Monopoly

boss

By CCN: Bitcoin billionaire and former Bitmain CEO Jihan Wu is set to launch a new crypto trading platform next month that could eventually be granted a monopoly by the Chinese government. Jihan Wu Reveals New Path in Wake of Bitmain IPO Disaster Wu’s project, called Matrix, will be a custody and trading firm with substantial ties to Bitmain, one of the world’s largest crypto mining conglomerates. The news was first reported by The Block. It was assumed that Wu left Bitmain in disgrace upon his replacement as CEO in…

$1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot

boss

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag. Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens. However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking.…

Tax Authorities Say Crypto Traders Owe Them $93 Million

boss

Japan-based entities have failed to report their crypto gains valued at 10 billion yen ($93 million) over the past several years by March 2019, local national newspaper Asahi Shimbun reports on June 5. According to Asahi, about 30 crypto-related businesses and 50 individuals have not declared their revenues from cryptocurrency trading as of March, allegedly due to a high tax on this type of income. To date, Japanese tax regulators reportedly consider crypto-related revenues as miscellaneous income, which is taxed at 55%. In accordance with the current law, local entities…

Ex-Bitmain CEO Jihan Wu Set to Launch Crypto OTC Platform Next Month: Report

boss

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5. One unnamed source told the website that the crypto services startup, called Matrix, “will be the biggest over-the-counter (OTC) desk and asset manager overnight.” Matrix’s OTC offering is likely to be boosted by its close ties to bitcoin (BTC) mining company, Bitmain. The new business will reportedly offer custody and lending services to the Beijing-based giant, receiving a liquid pool in return. Another of the four unnamed sources told…

Malta Needs to Improve Readiness to Respond to Cryptocurrency Crime

boss

The European Union has told Malta it needs to improve the resources it has to fight potential financial crime as a result of cryptocurrency popularity, local daily news outlet Malta Today reported on June 5. In a letter to member states advising how to spend EU funds, the European Commission flagged Malta’s burgeoning cryptocurrency sector as a potential weak link in the fight against financial crime. “The Commission, in its recommendations to member states for the use of EU funds, said that the size of Malta’s financial and gaming sector,…